[ANN] [TRST] WeTrust - For the People, By the People!

[WeTrustMivsam]

I'm an idiot and forgot to update my account with ETH address in time for the 1st distribution. Any word on when the 2nd is? Thanks.

@stormia: Will happen next week, not to worry! Please make sure you've entered your ETH address before April 25th.

[WeTrustMivsam]

Suddenly people dumping their TRST,don't know why but people will regret later.

It depends what will be the result of the launch of the rosca platform. Though it is good time to buy more with dumps. Also some bounties being dumped.

When is launch rosca platform ?

@5thangel: It is alive and kicking! Kindly check out: https://rosca-test.wetrust.io/tutorial

[bitcircle]

The real action with TRST will start once the market will settled down fully. One thing is clear this project is one of the big and game changing in future and should be taken as long term if you want to come out as good investor like me. TRST and we all will grow together for success.

[btvGainer]

Suddenly people dumping their TRST,don't know why but people will regret later.

It depends what will be the result of the launch of the rosca platform. Though it is good time to buy more with dumps. Also some bounties being dumped.

When is launch rosca platform ?

@5thangel: It is alive and kicking! Kindly check out: https://rosca-test.wetrust.io/tutorial

ROSCA is awesome concept.In your example about ROSCA in the link you provided,Each participant contribute $10 each round and participant with the lowest bid wins the round but after the end of all rounds,some participants made more money than their contribution (Diane in your example get full $40 in third round and also from fee of 1st and 2nd round respectivly) while others get back less than their contribution.Why is this disparity?

[Splatters]

how much was ico price?

[gobisirom]

how much was ico price?

1000TRS=1ETH

[CarloP]

how much was ico price?

1000TRS=1ETH

Naaaa I bought about 500 trst with about 1 eth

[Splatters]

how much was ico price?

1000TRS=1ETH

Naaaa I bought about 500 trst with about 1 eth

so 1000 or 500?

now it's 6ksat btc on trex is below or above ico price?

[klarki]

how much was ico price?

1000TRS=1ETH

Naaaa I bought about 500 trst with about 1 eth

so 1000 or 500?

now it's 6ksat btc on trex is below or above ico price?

Slightly over 500 TRST.
Yes, this price is higher than ICO

[CarloP]

how much was ico price?

1000TRS=1ETH

Naaaa I bought about 500 trst with about 1 eth

so 1000 or 500?

now it's 6ksat btc on trex is below or above ico price?

Now is above ico price, because on ico time I sent 1 eth and received 516 trust when 1 eth was 15 dollars, now 1 eth is more then 40 dollars...

Now 516 trst are about 37 dollars...

If you consider eth I am in negative rate about 3-4 dollars.

[DomainMagnate]

I want to ask 2 questions about WeTrust.
1.Will ROSCA participants pay interest for getting loan?
2.Will TRST holders get paid sharevfrom interest paid through ROSCA?

I am waiting someone from WeTrust to please answer this.

I think the answer to both of your questions is YES.This is how lending circle works but this is just my guess as I have not been through their whitepaper.I think WeTrust team is taking some rest as they had a hectic schedule during entire ICO period

Thanks but I would prefer wetrust to answer this if possible

[WeTrustMivsam]

Suddenly people dumping their TRST,don't know why but people will regret later.

It depends what will be the result of the launch of the rosca platform. Though it is good time to buy more with dumps. Also some bounties being dumped.

When is launch rosca platform ?

@5thangel: It is alive and kicking! Kindly check out: https://rosca-test.wetrust.io/tutorial

ROSCA is awesome concept.In your example about ROSCA in the link you provided,Each participant contribute $10 each round and participant with the lowest bid wins the round but after the end of all rounds,some participants made more money than their contribution (Diane in your example get full $40 in third round and also from fee of 1st and 2nd round respectivly) while others get back less than their contribution.Why is this disparity?

@btvGainer: This is a great question. The example you are talking about is called a bidding ROSCA (there is also a lottery ROSCA which is a bit different). In this case some people will end with more than they invested (we can call them the savers) and some with less (we can call them the borrowers). The incentive for the borrowers to participate in a bidding ROSCA is an early access to funds, similar to a loan you can get from a bank , but often with a lower interest rate. A borrower will get the pot in the one early rounds of the ROSCA, after winning it by bidding lower than the others. The difference between his bid and total funds in the pot is divided between all the ROSCA participants and at the end is calculated as part of the interest the borrowers pay and the savers earn (which is of course different for each participant).
Please let me know if you have more questions!

[WeTrustMivsam]

I want to ask 2 questions about WeTrust.
1.Will ROSCA participants pay interest for getting loan?
2.Will TRST holders get paid sharevfrom interest paid through ROSCA?

I am waiting someone from WeTrust to please answer this.

@DomainMagnate:
Thank you for these great questions.
Here are my answers, let me know if you need more info:
1. ROSCA is a zero-sum game financial organization. The participants can choose if they want a bidding or a lottery ROSCA. In a bidding ROSCA is chosen, some participants will pay interests for usually receiving the funds early (they are the borrowers) and some will get the interest and will usually will get the funds later (the savers). These interests are between the users. Also, the foreperson (one of the users) can determine what fee he/she would like to take for facilitating the ROSCA. This is for the foreperson to decide and for the participants to agree.
At this point, WeTrust don't charge fees for using the ROSCA platform. In the future, we are planning to charge small fees for ROSCAs larger than 5 people.

2. TRST holders will not get paid for shares. Our plan, subjected to changes, is for TRST holders to be able to pay the fees with TRSTs and be quoted lowers fees than with other coins.

Regards,
Mivsam for WeTrust.

[btvGainer]

I want to ask 2 questions about WeTrust.
1.Will ROSCA participants pay interest for getting loan?
2.Will TRST holders get paid sharevfrom interest paid through ROSCA?

I am waiting someone from WeTrust to please answer this.

@DomainMagnate:
Thank you for these great questions.
Here are my answers, let me know if you need more info:
1. ROSCA is a zero-sum game financial organization. The participants can choose if they want a bidding or a lottery ROSCA. In a bidding ROSCA is chosen, some participants will pay interests for usually receiving the funds early (they are the borrowers) and some will get the interest and will usually will get the funds later (the savers). These interests are between the users. Also, the foreperson (one of the users) can determine what fee he/she would like to take for facilitating the ROSCA. This is for the foreperson to decide and for the participants to agree.
At this point, WeTrust don't charge fees for using the ROSCA platform. In the future, we are planning to charge small fees for ROSCAs larger than 5 people.

2. TRST holders will not get paid for shares. Our plan, subjected to changes, is for TRST holders to be able to pay the fees with TRSTs and be quoted lowers fees than with other coins.

Regards,
Mivsam for WeTrust.

Thanks Mivsam for explaining in detail.
Your video says ROSCA is similar to Chit Funds in india.
In chit fund,each participant get back exact amount that he/she contributed and the winner for each round is chosen by lottery.I guess lottery ROSCA will be much similar to that.

[soloasi]

how much do you think that TRST can go up?

[WeTrustMivsam]

I want to ask 2 questions about WeTrust.
1.Will ROSCA participants pay interest for getting loan?
2.Will TRST holders get paid sharevfrom interest paid through ROSCA?

I am waiting someone from WeTrust to please answer this.

@DomainMagnate:
Thank you for these great questions.
Here are my answers, let me know if you need more info:
1. ROSCA is a zero-sum game financial organization. The participants can choose if they want a bidding or a lottery ROSCA. In a bidding ROSCA is chosen, some participants will pay interests for usually receiving the funds early (they are the borrowers) and some will get the interest and will usually will get the funds later (the savers). These interests are between the users. Also, the foreperson (one of the users) can determine what fee he/she would like to take for facilitating the ROSCA. This is for the foreperson to decide and for the participants to agree.
At this point, WeTrust don't charge fees for using the ROSCA platform. In the future, we are planning to charge small fees for ROSCAs larger than 5 people.

2. TRST holders will not get paid for shares. Our plan, subjected to changes, is for TRST holders to be able to pay the fees with TRSTs and be quoted lowers fees than with other coins.

Regards,
Mivsam for WeTrust.

Thanks Mivsam for explaining in detail.
Your video says ROSCA is similar to Chit Funds in india.
In chit fund,each participant get back exact amount that he/she contributed and the winner for each round is chosen by lottery.I guess lottery ROSCA will be much similar to that.

@btvGainer: This is very true. Chit funds also exist in different forms, lottery or bidding, and each has its pros and cons

[MoneyJ]

A warm congratulations to the member of dev team in WeTrust . Practically ROSCA is almost a financial culture to alleviate poverty everywhere.

[KingAureus]

https://exchangewar.info/coinprice?trst_btc

[badpeanut]

poor wall of 80k on 6.2k got eaten 

[sidodadii]

how much do you think that TRST can go up?

i think price can goup over 10k satoshi
just wait and see, this too early for pessimists