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

[iamcryptoman]

It's your mistake if you think you can cheat hundreds of investors and succeed. No one will trust you with any of your products until you make TRST token prosper first.

I think the staking mechanism with TRST on Spring will be an integral part of Spring. It's important for the team to attempt to gain as much traction on the platform. If Spring is the go-to donation or fundraising platform then the TCR that's being implemented will be widely used. People would want to see their favorite charity being recognized, so they'll stake TRST and vote. Compared to a lot of projects, the team is working daily on their product. If you look at their github you can see it being updated daily and even on weekends.

Even they are working on this product but due to low exchange support is killing the momentum of this platform. If they will hire a talented person for marketing purpose than it could help this to get back into same momentum where it was in the beginning of this project.

Agreed, marketing is essential to get Spring to be adopted by the crypto community. I've heard that in a later stage, Spring will possibly be turned into a fundraising platform like GoFundMe. I feel that it has great potential, just need the marketing as you said.

[1713982739]

1713982739

[1713982739]

1713982739

[Piston Honda]

TRST rekt everyone, GTFO if anyone defends them and their shitcoin

[dzarmush]

It's your mistake if you think you can cheat hundreds of investors and succeed. No one will trust you with any of your products until you make TRST token prosper first.

I think the staking mechanism with TRST on Spring will be an integral part of Spring. It's important for the team to attempt to gain as much traction on the platform. If Spring is the go-to donation or fundraising platform then the TCR that's being implemented will be widely used. People would want to see their favorite charity being recognized, so they'll stake TRST and vote. Compared to a lot of projects, the team is working daily on their product. If you look at their github you can see it being updated daily and even on weekends.

Voting, staking is all nothing but bullshit. All their products shouldn't be even able to function without TRST token. They sold TRST on ICO, got millions of dollars, now they have to make TRST the key part of all products they're working on.

Again, right now if all TRST would disappear nothing would change. That's why it doesn't cost shit.

[PuraPuraBego]

Wow I wasn't expecting this today.  We trust has collapsed  and has ceased  today. Terrible news for all involved.

what are you talking about?

вecнa пpeкpacный пpoдyкт, кoмaндa зaнимaeтcя eгo paзвитиeм и кoнeчнo жe иx ждeт cyпep ycпex

Bro, it is not a local board, so please do not post here in your local language. Posting here out of English language is policy violation of this forum rule. Please try to obey the rules of the forum.

[cryptospreader]

That would be dumb! The project wouldn't be adopted if it were only accepting TRST tokens as donations.

There should be possible to donate any popular coin but everything to be converted in TRST.

Take a look at Particl decentrilised market, it only accepts PART and you pay listing fees in PART but you can use any coin, it’ll be exchanged automatically to PART: https://youtu.be/PRxmGh24ILU
That means vital for the system.

We are taking a look at this option, thanks for the recommendation to check out PART

Just to address previous comments - we are running a very lean team and again, are focusing most on user adoption

[cryptospreader]

It's your mistake if you think you can cheat hundreds of investors and succeed. No one will trust you with any of your products until you make TRST token prosper first.

I think the staking mechanism with TRST on Spring will be an integral part of Spring. It's important for the team to attempt to gain as much traction on the platform. If Spring is the go-to donation or fundraising platform then the TCR that's being implemented will be widely used. People would want to see their favorite charity being recognized, so they'll stake TRST and vote. Compared to a lot of projects, the team is working daily on their product. If you look at their github you can see it being updated daily and even on weekends.

Even they are working on this product but due to low exchange support is killing the momentum of this platform. If they will hire a talented person for marketing purpose than it could help this to get back into same momentum where it was in the beginning of this project.

Agreed, marketing is essential to get Spring to be adopted by the crypto community. I've heard that in a later stage, Spring will possibly be turned into a fundraising platform like GoFundMe. I feel that it has great potential, just need the marketing as you said.

This is correct; one of our plans in the longer future is to accept more than just charities. The reason we chose charities is because they are generally the most trustworthy of the groups (out of charities, crowdfunders, ICO projects, personal projects), and they are the largest in market size. They can't quite "fail" like the other groups.

The concept is to apply a mechanism where funds are not fully released but rather over several milestones. For example, if I want to build a new device and raise funding for it and I set the goal at 1M, the funds would not be immediately released but released and locked over a series of milestones or timeframes. At any given time, the investors into this project can vote (essentially a vote of no-confidence), where the remaining funds are sent back. There are many scenarios where this can work out, and it is essentially a form of a "DAICO" but for all projects.

It can also apply to charities, which is why we targeted this direction. Millions of dollars from charities are wasted each year on marketing and branding, because people only want to donate to charities that they can trust. By implementing a system of accountability, there can be charities that don't want to waste money on marketing / branding , and instead focus on their goals, knowing that their funding will be released if they stick to their original vision.

[dzarmush]

so Liqui has been closed, one of two exchanges the token you made worthless was traded on, are you going to do something about that?

[dzarmush]

That would be dumb! The project wouldn't be adopted if it were only accepting TRST tokens as donations.

There should be possible to donate any popular coin but everything to be converted in TRST.

Take a look at Particl decentrilised market, it only accepts PART and you pay listing fees in PART but you can use any coin, it’ll be exchanged automatically to PART: https://youtu.be/PRxmGh24ILU
That means vital for the system.

We are taking a look at this option, thanks for the recommendation to check out PART

Just to address previous comments - we are running a very lean team and again, are focusing most on user adoption

You're taking a look at this option, you little piece of shit? You had to do it right from the start.

[daviidalpert]

so Liqui has been closed, one of two exchanges the token you made worthless was traded on, are you going to do something about that?

I also feel that this token is of no use now.Some exchanges have excluded it, indicating that it has not developed very well.It seems that the team has given up on it.

[scambust]

I agree. The reason many investors bought TRST during the ICO is because they believe the TRST token will be an integral part of the WeTrust system. If you take out the utility of TRST, you're just scamming the investors. It will be clear it's a moneygrab and may I remind you the US SEC knows this. Make it useful or face refunds, enforced by the SEC.

[DGulari]

so Liqui has been closed, one of two exchanges the token you made worthless was traded on, are you going to do something about that?

I also feel that this token is of no use now.Some exchanges have excluded it, indicating that it has not developed very well.It seems that the team has given up on it.

The only one exchange which you can hope only Hitbtc. But with such low volume trade like this  https://coinmarketcap.com/currencies/trust/#markets  i wouldn't be suprised if this coin will be dead soon. Luckily i've sold all my TRST token when it was above 14k sats on 2017 back then

[dzarmush]

We are taking a look at this option, thanks for the recommendation to check out PART
Just to address previous comments - we are running a very lean team and again, are focusing most on user adoption

We are taking a look at this option... we are focusing most on user adoption...





...while we waisting millions of dollars investments that we stole from people trusted in WeTrust

[Ano]

I agree. The reason many investors bought TRST during the ICO is because they believe the TRST token will be an integral part of the WeTrust system. If you take out the utility of TRST, you're just scamming the investors. It will be clear it's a moneygrab and may I remind you the US SEC knows this. Make it useful or face refunds, enforced by the SEC.

I bought this token because of Vitalik he is in advisory board but this turned into horrible experience for me. Till now there is no good demand for this token and it is still moving with same poor support and it is hard to predict what future will bring?

[Japinat]

I agree. The reason many investors bought TRST during the ICO is because they believe the TRST token will be an integral part of the WeTrust system. If you take out the utility of TRST, you're just scamming the investors. It will be clear it's a moneygrab and may I remind you the US SEC knows this. Make it useful or face refunds, enforced by the SEC.

I bought this token because of Vitalik he is in advisory board but this turned into horrible experience for me. Till now there is no good demand for this token and it is still moving with same poor support and it is hard to predict what future will bring?

We got hyped, that time most coins are really doing well but this coin is the less performer of the coins I've invested.
During the bull run, I didn't get a satisfaction with holding this, and until the time the bull is gone price continued to went down.

It will be hard for this to recover I believe.

[cryptospreader]

so Liqui has been closed, one of two exchanges the token you made worthless was traded on, are you going to do something about that?

I also feel that this token is of no use now.Some exchanges have excluded it, indicating that it has not developed very well.It seems that the team has given up on it.

We have not given up on the token , our main goal is to get use case for the token and then bring more liquidity to it.

Our team is still working and I can assure you we have not given up on this project.

[andersen1111]

so Liqui has been closed, one of two exchanges the token you made worthless was traded on, are you going to do something about that?

I also feel that this token is of no use now.Some exchanges have excluded it, indicating that it has not developed very well.It seems that the team has given up on it.

We have not given up on the token , our main goal is to get use case for the token and then bring more liquidity to it.

Our team is still working and I can assure you we have not given up on this project.

Thank you so much for continuing to work. We believe in you and in the project. The fact that you work hard can be clearly seen on the githab.

[Laskoo]

so Liqui has been closed, one of two exchanges the token you made worthless was traded on, are you going to do something about that?

I also feel that this token is of no use now.Some exchanges have excluded it, indicating that it has not developed very well.It seems that the team has given up on it.

We have not given up on the token , our main goal is to get use case for the token and then bring more liquidity to it.

Our team is still working and I can assure you we have not given up on this project.

Thank you so much for continuing to work. We believe in you and in the project. The fact that you work hard can be clearly seen on the githab.

I agree with you. We as investors/buyers do appreciate that someone from inside the project is keeping us posted about the development of the project.

`our main goal is to get use case for the token` this is the best thing to do in order to grow the value of TRST tokens. Hope you'll be succesful! Keep up!

[dzarmush]

Although the team is trying to make it look like they're working on something it's most likely that it is just another scam ICO. Just slow exit one. We've summed up some facts about their fraud, if you could share it with news websites such as Coindesk and journalists start asking questions the team will eventually decide to spend some money on development and make TRST usable in their products which would cause its price growth. We've got Telegram group everyone is welcome to join https://t.me/joinchat/F0J7uxYM8w3KC04sVMq_gg


Here are some facts:
• They raised $5M in ETH and in addition reserved 10% of the TRST tokens to themselves. At the peak of the bubble their crypto stash from the ICO would've been worth around $70M. At today's prices they should have at least $10M left.
• Despite that they say they are experiencing financial difficulties.
• The team refuses to show financial details to TRST investors.

As for the development:
• The only "product" they made is a web page, directory of charities, and a donate button for each of them: https://spring.wetrust.io
• TRST token functionality has still not been developed.
• More of that TRST token itself never meant to have any functionality inside the product although during ICO they called it fuel, but since it is not ever consumed, using the term "fuel" to describe the token was incredibly misleading.
• The team did not follow their roadmap released in 2018 https://blog.wetrust.io/the-road-ahead-for-wetrust-f53e8ca898df
• Around ICO time they had some dispute with one of the founders, Ron Merom, with whom they still have a lawsuit until this day. No further details are known.
• They ban users in their Telegram group for asking inconvenient questions.
• Their updates are so vague and corporate speak is in almost every message about their "mission for financial inclusion" etc etc. But no actual details or development plans.

[Laskoo]

Although the team is trying to make it look like they're working on something it's most likely that it is just another scam ICO. Just slow exit one. We've summed up some facts about their fraud, if you could share it with news websites such as Coindesk and journalists start asking questions the team will eventually decide to spend some money on development and make TRST usable in their products which would cause its price growth. We've got Telegram group everyone is welcome to join https://t.me/joinchat/F0J7uxYM8w3KC04sVMq_gg


Here are some facts:
• They raised $5M in ETH and in addition reserved 10% of the TRST tokens to themselves. At the peak of the bubble their crypto stash from the ICO would've been worth around $70M. At today's prices they should have at least $10M left.
• Despite that they say they are experiencing financial difficulties.
• The team refuses to show financial details to TRST investors.

As for the development:
• The only "product" they made is a web page, directory of charities, and a donate button for each of them: https://spring.wetrust.io
• TRST token functionality has still not been developed.
• More of that TRST token itself never meant to have any functionality inside the product although during ICO they called it fuel, but since it is not ever consumed, using the term "fuel" to describe the token was incredibly misleading.
• The team did not follow their roadmap released in 2018 https://blog.wetrust.io/the-road-ahead-for-wetrust-f53e8ca898df
• Around ICO time they had some dispute with one of the founders, Ron Merom, with whom they still have a lawsuit until this day. No further details are known.
• They ban users in their Telegram group for asking inconvenient questions.
• Their updates are so vague and corporate speak is in almost every message about their "mission for financial inclusion" etc etc. But no actual details or development plans.

Thanks for the detailed fact that you exposed up there!

I have to agree with you on some facts, indeed they raised a lot of money and they should cash out some back in the days, if they experience financial issues in this bear market is their fault as they didn't know how to manage the funds raised in their ICO.

Anyway even if they have held the funds raised, as you said, they should have enough funds to continue the development of their product/s. This is not an excuse.

Regarding the roadmap targets, I don't care about it too much, many projects out there miss their deadlines too often so I won't have many expectations (regarding deadlines) from any roadmap out there.

About the dispute between founders, I didn't know, but this is a bad thing for the project, looking at Tezos for example.

In conclusion I would give them the "not guilty" verdict until they will prove something else, slow exit scam, as you called it.

P.S. I don't take their side, but I don't like to hit a man down. Time will always tell...

[dzarmush]

Well, they've got millions of dollars and the only thing they did in two years is a lousy web page: https://spring.wetrust.io
It's a one day job for a modest specialist.

They don't have any new roadmap instead of the one they abandoned and no clear intentions of making TRST token valuable within any upcoming products. Unless they do it TRST price stay at zero forever. Which basically would mean they took ICO money and didn't give to investors anything in return except useless tokens.

I'd very much like their scam become public and they start developing products and making TRST token meaningful. Since they are not anonymous it might actually work. They can't just hide with the money because of probable lawsuit. They'd have to cut the bullshit with their "TRST is not an investment" and do something to push it to new exchanges and make it worth something.