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Author Topic: [ANN] [TRST] WeTrust - For the People, By the People!  (Read 275470 times)
WeTrustMivsam
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Global Partnerships & Research @ WeTrust.io


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February 28, 2017, 09:20:35 PM
 #841

How to Contribute to the Crowdsale:
Continuing our post in this matter, here is the article that explains all the details:

https://medium.com/wetrust-blog/how-to-contribute-to-the-crowdsale-c9de5b91fc43#.ow1ewyrfp

▬▬▬▬▬▬▬▬▬▬▬▬▬║WeTrust.io║▬▬▬▬▬▬▬▬▬▬▬▬▬
║COLLABORATIVE SAVINGS AND INSURANCE PLATFORM║
modernbuddha (OP)
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February 28, 2017, 10:28:27 PM
Last edit: February 28, 2017, 10:47:34 PM by modernbuddha
 #842

IMPORTANT ANNOUNCEMENT | WeTrust Crowdsale News

All,

Due to the Amazon Web Services (AWS) outage impacting numerous infrastructure services and exchanges (e.g. Coinbase/ GDAX), we have decided to delay the Crowdsale launch by 24 hours to March 2nd, 12:00AM UTC.

We apologize for this change in schedule. However, we believe that it is critical to have a smooth crowdsale experience.

Everything else stays the same, the only difference is that the start date and bonus schedule have been pushed back by 24 hours. Please help us spread this to the greater community.

Thank you for your continued support,
WeTrust Team

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬║WeTrust.io║▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
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iamnotback
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February 28, 2017, 10:33:14 PM
 #843

Watch Out, the ICOs Are Coming

...

The 3 typical characteristics, team, product and market seem to have taken a secondary position to the 3 new magical words: tokens, blockchain and decentralization.

Token utility linkage is not always there

The assumption that everything with a potential network effect is going to work with a decentralization starting point is not entirely true. The blockchain is not for everything.

The solution or product being developed needs to have a solid business model linkage that has a particular value when decentralization and/or tokenization of actions take place. The promise of a new model needs to be very compelling.

In the name of decentralization, the promises are big. You can’t just slap a token to anything, and expect magic to happen.

The token is not the business model. The value proposition or utility that is enabled by the token is the business model, and that linkage needs to be there early on. If the direction is not right, the chosen path will not lead to a good place.

...

Neither WeTrust nor Edgeless need their own token. Someone will create copies of their smart contracts which operate with ETH or BTC or which ever is the most liquid and popular token.

Users are not going to adopt a different colored coin for every service they want to use, nor go buy colored coins for every WeTrust fee they need to pay.

These companies need to develop business models that don't depend on them each creating their own unit-of-exchange, because monetary theory informs us that will never happen!

The ICO craze is for taking money from stupid people. Simple as that.

All of you who are buying these tokens are going to lose.
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February 28, 2017, 11:10:05 PM
 #844

WeTrust has failed Coinbase's Securities Law Framework scoring guidelines.
MoveCrypto
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February 28, 2017, 11:24:42 PM
Last edit: March 01, 2017, 01:34:53 AM by MoveCrypto
 #845

Quote
How does WeTrust make money?

The WeTrust platform plans to charge fees on certain types of transactions, and for future premium value added services. Although WeTrust does not charge fees on the Trusted Lending Circle platform at the moment, we plan to charge a 0.3% fee on Trusted Lending Circles larger than 5 members, and a significantly lower fee of 0.1% when Trustcoin is used as the native token of value.

I thought you guys make money in ico and also hold 10%+ of the supply?  You really need to keep the fees on top of that?

Why don't you distribute the fees from the platform to all TRST holders to give them another reason to hold TRST?

Or collect the fees into a smart contract then holders can vote on how the fees are used.

MoveCrypto for Komodo Notary
https://komodoplatform.com/
iqbal26
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February 28, 2017, 11:30:39 PM
 #846

Wetrust Crowdsale delayed because AWS issues , crowdsale will start march 2nd 2017 12:00AM
https://bitzco.net/wetrust-crowdsale-delayed-24-hours/
logictense
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March 01, 2017, 12:10:08 AM
 #847

Wetrust Crowdsale delayed because AWS issues , crowdsale will start march 2nd 2017 12:00AM
https://bitzco.net/wetrust-crowdsale-delayed-24-hours/

Thanks god its not gonna happen, at least tonight. Got two packs of breadcrumbs and another dumb movie here, the only nasty thought that was distracting me from watching and eating was ur dumb sale. I wager that u will be ddosed in the very beginning of the sale, possibly by FBI.

wmoug
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March 01, 2017, 12:28:06 AM
 #848

Watch Out, the ICOs Are Coming

...

The 3 typical characteristics, team, product and market seem to have taken a secondary position to the 3 new magical words: tokens, blockchain and decentralization.

Token utility linkage is not always there

The assumption that everything with a potential network effect is going to work with a decentralization starting point is not entirely true. The blockchain is not for everything.

The solution or product being developed needs to have a solid business model linkage that has a particular value when decentralization and/or tokenization of actions take place. The promise of a new model needs to be very compelling.

In the name of decentralization, the promises are big. You can’t just slap a token to anything, and expect magic to happen.

The token is not the business model. The value proposition or utility that is enabled by the token is the business model, and that linkage needs to be there early on. If the direction is not right, the chosen path will not lead to a good place.

...

Neither WeTrust nor Edgeless need their own token. Someone will create copies of their smart contracts which operate with ETH or BTC or which ever is the most liquid and popular token.

Users are not going to adopt a different colored coin for every service they want to use, nor go buy colored coins for every WeTrust fee they need to pay.

These companies need to develop business models that don't depend on them each creating their own unit-of-exchange, because monetary theory informs us that will never happen!

The ICO craze is for taking money from stupid people. Simple as that.

All of you who are buying these tokens are going to lose.

Well, you could copy a smart contract, but you can't copy a team or their experience.
Keep in mind that any ICO is just like any startup. Lots of uncertainty in the early stages, all around. So, it's not entirely fair to pick on one or the other. They all have to prove their models and traction. The ICO is just like a funding event. Better to judge them on what they will do with the money later and how they progress.
Somastarted
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March 01, 2017, 12:43:01 AM
 #849

The Crowdsale is delayed 24 hours
Whats AWS?
modernbuddha (OP)
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March 01, 2017, 01:01:14 AM
 #850

The Crowdsale is delayed 24 hours
Whats AWS?

@Somastarted: AWS is Amazon Web Services.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬║WeTrust.io║▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
BITCOINTALK THREADSLACKYOUTUBEBLOGMEDIUMTWITTERGITHUBTELEGRAM
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tiaozhanziwo
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March 01, 2017, 01:46:42 AM
 #851

good luck WeTrust team

@mike77777: Thanks! We can't wait to finish the crowdfunding and get to the fun stuff and implement the vision!
Wish success.
tiaozhanziwo
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March 01, 2017, 01:49:59 AM
 #852

Watch Out, the ICOs Are Coming

...

The 3 typical characteristics, team, product and market seem to have taken a secondary position to the 3 new magical words: tokens, blockchain and decentralization.

Token utility linkage is not always there

The assumption that everything with a potential network effect is going to work with a decentralization starting point is not entirely true. The blockchain is not for everything.

The solution or product being developed needs to have a solid business model linkage that has a particular value when decentralization and/or tokenization of actions take place. The promise of a new model needs to be very compelling.

In the name of decentralization, the promises are big. You can’t just slap a token to anything, and expect magic to happen.

The token is not the business model. The value proposition or utility that is enabled by the token is the business model, and that linkage needs to be there early on. If the direction is not right, the chosen path will not lead to a good place.

...

Neither WeTrust nor Edgeless need their own token. Someone will create copies of their smart contracts which operate with ETH or BTC or which ever is the most liquid and popular token.

Users are not going to adopt a different colored coin for every service they want to use, nor go buy colored coins for every WeTrust fee they need to pay.

These companies need to develop business models that don't depend on them each creating their own unit-of-exchange, because monetary theory informs us that will never happen!

The ICO craze is for taking money from stupid people. Simple as that.

All of you who are buying these tokens are going to lose.
Maybe it really does not need to.
tiaozhanziwo
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March 01, 2017, 01:52:56 AM
 #853

It is great project, will it accept bitcoin or eth?
Both can be。
tiaozhanziwo
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March 01, 2017, 01:55:06 AM
 #854

The Crowdsale is delayed 24 hours。
Quietly waiting for a day。
tiaozhanziwo
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March 01, 2017, 02:00:42 AM
 #855

Vitalik Buterin one of your new advisors?So it is of particular concern.
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March 01, 2017, 02:17:25 AM
 #856

I'm using Coinbase and I many people use Coinbase service too, and "AWS outage impacting multiple Coinbase and GDAX services" can affect wetrust ICO, many investors join ICO in first day because the bonuses, so delaying the ICO is the best choice to get maximum fund from investor in first day.

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modernbuddha (OP)
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March 01, 2017, 02:46:59 AM
 #857

I'm using Coinbase and I many people use Coinbase service too, and "AWS outage impacting multiple Coinbase and GDAX services" can affect wetrust ICO, many investors join ICO in first day because the bonuses, so delaying the ICO is the best choice to get maximum fund from investor in first day.

@Strongkored: One of the reasons why we decided to delay it for 24 hours. Everything seems to be working well now though!

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬║WeTrust.io║▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
BITCOINTALK THREADSLACKYOUTUBEBLOGMEDIUMTWITTERGITHUBTELEGRAM
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March 01, 2017, 03:26:10 AM
 #858

Cannot waiting wetrust ICO started dev
MoveCrypto
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March 01, 2017, 03:44:27 AM
 #859

It would greatly increase the attractiveness of this project if the fees from platform were collected into a smart contract and TRST holders could vote on how to spend them.

MoveCrypto for Komodo Notary
https://komodoplatform.com/
nickhiggins123
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March 01, 2017, 04:31:41 AM
 #860

Am I able to use Myetherwallet?
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