Pipesnake
Legendary
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Activity: 1012
Merit: 1000
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March 13, 2017, 08:51:55 AM |
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$2m USD has been raised and still counting the community is showing their trust on this great project. congratulation for this achievement I'm quite sure they will achieve their goal in prior time.
Congrats on reaching 2 million dollars,its a good feat at this point of time. |
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Zaducis
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March 13, 2017, 10:28:36 AM |
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$2m USD has been raised and still counting the community is showing their trust on this great project. congratulation for this achievement I'm quite sure they will achieve their goal in prior time.
Congrats on reaching 2 million dollars,its a good feat at this point of time. $3-4 million can be easily assembled, even long time to finish. |
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PGPpfKkx
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March 13, 2017, 12:41:22 PM |
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Could you explain how it works with the ETH and the ICO? Is ETH converted to BTC to calculate the % of TRST you get in your balance?
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modernbuddha (OP)
Full Member
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Activity: 434
Merit: 100
Strategy & Operations at WeTrust
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March 13, 2017, 04:09:11 PM |
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Could you explain how it works with the ETH and the ICO? Is ETH converted to BTC to calculate the % of TRST you get in your balance?
@snowboard789: We pull price data from Cryptocompare, Coinmarketcap, and Poloniex at the time you contribute. Bookkeeping will be done on the spot in this fashion. Everything will be denominated in Bitcoin and Trustcoins will be allocated as such. (e.g. If you contribute 100 ETH, and it is worth say $1,500, we will convert to the equivalent number of Bitcoin and tally it up in this manner.) We will denominate everything in BTC. We will be holding both ETH and BTC, but at the time of donation, the spot rate will be in terms of BTC. |
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modernbuddha (OP)
Full Member
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Activity: 434
Merit: 100
Strategy & Operations at WeTrust
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March 13, 2017, 04:09:49 PM |
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$2m USD has been raised and still counting the community is showing their trust on this great project. congratulation for this achievement I'm quite sure they will achieve their goal in prior time.
Congrats on reaching 2 million dollars,its a good feat at this point of time. $3-4 million can be easily assembled, even long time to finish. @Zaducis: We're at around $2.5m now after Ether's monstrous rise! |
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modernbuddha (OP)
Full Member
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Activity: 434
Merit: 100
Strategy & Operations at WeTrust
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March 13, 2017, 04:37:34 PM |
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Wall Street Meets Ethereum: Learn what Michael Casey, ex-WSJ Journalist and best selling author thinks of - Ethereum, Blockchain Technologies and WeTrust!
Michael Casey is a Senior Advisor for the Digital Currency Initiative at MIT's Media Lab and a partner at Agentic Group. A writer and researcher in the fields of economics, finance and information technology, most of Casey's career was spent as a journalist at the Wall Street Journal. He has authored four books, including The Age of Cryptocurrency, which he co-wrote with Paul Vigna. He holds a B.Comm from the University of Western Australia and an M.A. in Asian Studies from Cornell University. |
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somogyipeti
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March 13, 2017, 06:00:40 PM |
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How many BTCs collected in this ICO?
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modernbuddha (OP)
Full Member
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Activity: 434
Merit: 100
Strategy & Operations at WeTrust
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March 13, 2017, 06:02:39 PM |
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How many BTCs collected in this ICO?
@somogyipeti: We have a live ticker on our main website - wetrust.io. |
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somogyipeti
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March 13, 2017, 06:04:24 PM |
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How many BTCs collected in this ICO?
@somogyipeti: We have a live ticker on our main website - wetrust.io. So 472 BTC at the moment, and about 60K ETH? |
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cointrader83
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March 13, 2017, 06:08:07 PM |
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How many BTCs collected in this ICO?
@somogyipeti: We have a live ticker on our main website - wetrust.io. So 472 BTC at the moment, and about 60K ETH? 1355.2 BTC. |
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modernbuddha (OP)
Full Member
Offline
Activity: 434
Merit: 100
Strategy & Operations at WeTrust
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March 13, 2017, 06:30:33 PM |
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How many BTCs collected in this ICO?
@somogyipeti: We have a live ticker on our main website - wetrust.io. So 472 BTC at the moment, and about 60K ETH? @somogyipeti: Correct! 472.9360 BTC & 63,005.9512 ETH from about 679 Participants! |
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scambust
Legendary
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Activity: 1652
Merit: 1007
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March 13, 2017, 07:44:39 PM |
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We will denominate everything in BTC. We will be holding both ETH and BTC, but at the time of donation, the spot rate will be in terms of BTC.
Soon, you will denominate everything in ETH. |
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modernbuddha (OP)
Full Member
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Activity: 434
Merit: 100
Strategy & Operations at WeTrust
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March 13, 2017, 10:00:27 PM |
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We will denominate everything in BTC. We will be holding both ETH and BTC, but at the time of donation, the spot rate will be in terms of BTC.
Soon, you will denominate everything in ETH. @scambust: By the looks of it, yeah!  |
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seven.71
Sr. Member
Offline
Activity: 770
Merit: 251
live the dream but don't live the dream
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March 13, 2017, 10:35:06 PM |
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We will denominate everything in BTC. We will be holding both ETH and BTC, but at the time of donation, the spot rate will be in terms of BTC.
Soon, you will denominate everything in ETH. @scambust: By the looks of it, yeah! hello dev I want to ask you always update on the thread Local board whether it should be translated as a local moderator  |
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modernbuddha (OP)
Full Member
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Activity: 434
Merit: 100
Strategy & Operations at WeTrust
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March 13, 2017, 10:54:32 PM |
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We will denominate everything in BTC. We will be holding both ETH and BTC, but at the time of donation, the spot rate will be in terms of BTC.
Soon, you will denominate everything in ETH. @scambust: By the looks of it, yeah! hello dev I want to ask you always update on the thread Local board whether it should be translated as a local moderator @seven.71: Could you please translate it? It takes a while for me to reach out to all our translators, so I was hoping just to post it there as a reminder for the translators to work their magic. |
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Jcga
Legendary
Offline
Activity: 2590
Merit: 1089
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March 14, 2017, 12:02:04 AM |
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Hello, bonjour à la brillante équipe du projet WeTrust !1360 BTC raised, over $ 1.700.000,
30 days to go with a 20% Bonus until the 03/16/2017 12:00:00 AM UTC!!!!
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nickhiggins123
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March 14, 2017, 12:15:20 AM |
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ETH has almost doubled in FIAT value since start of ICO or what?
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francism
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March 14, 2017, 01:16:37 AM |
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ETH has almost doubled in FIAT value since start of ICO or what?
Yep, ETH almost doubled but not quite. But there's a chance, ETH price still going up. |
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derekis126
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March 14, 2017, 01:20:43 AM |
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ETH has doubled so TRST's fund in bitcoin is significantly increasing, we are mooning, and get more rewards from campaigns.
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jayohby
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March 14, 2017, 02:19:05 AM |
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Hi guys, please consider changing the rate at which ETH holders get their TRUST coins, to time/date of when you guys acquire the ETH funds and actually convert it.
All the investors on first and first week (90% of contributors to your crowdsale) will get significantly lower conversion rate to BTC due to current ETH Price. i.e. about 0.015 btc/eth, even though you guys have ETH still, not BTC converted at that rate on that day. Hence, lower trust coins relative to the current ETH price.
It was also my understanding that ETH would be converted to BTC on that day but ETH was not converted to BTC because no access to the funds yet.
Here's a hypothetical scenario (presenting extreme case): if ETH value dropped to 0.0001 btc/eth, would the project have been continued even though the paper BTC was over 1000 btc, but real value was much below 1000 btc? I'm not sure, but that's the flip side of the coin.
There could be other things that you guys can think of to treat ETH funds fairly to the investors, but I think this decision is only for George since he is the CEO.
thanks.
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