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Xinarae*
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January 25, 2019, 10:13:39 PM |
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So it is your partnership number 2 in this year, right? What do you think about the productivity through this partnership? Howbenefitted the holders might be? |
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hosseinimr93
Legendary
 Offline
Activity: 2380
Merit: 5235
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January 26, 2019, 04:45:39 PM |
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So it is your partnership number 2 in this year, right? What do you think about the productivity through this partnership? Howbenefitted the holders might be? It's their second partnership in 2019. The first one was Quid. I expect holders to be benefited in the long term when the product is released. Given the market condition, these kind of news cannot affect the price in the short time. |
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Darkoth89
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January 26, 2019, 06:32:07 PM
Last edit: January 26, 2019, 06:51:59 PM by Darkoth89 |
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So it is your partnership number 2 in this year, right? What do you think about the productivity through this partnership? Howbenefitted the holders might be? It's their second partnership in 2019. The first one was Quid. I expect holders to be benefited in the long term when the product is released. Given the market condition, these kind of news cannot affect the price in the short time. To be honest, I havent heard of neither Quid nor Mangrovia. I am not saying that I think these aren't good partnerships but can anyone tell me something about them and how they can help Utrust? |
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gembira
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January 27, 2019, 10:00:42 AM |
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Still no exact date of platform launch?
What they will do with profit from platform? Are they going to burn some % of tokens or share between token holders? As far as I remember they were going to burn around (or up to) 25 mln tokens every year. As I understand this burning will be from platform fees profit?
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gielbier
Sr. Member
Offline
Activity: 914
Merit: 250
Making Smart Money Work
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January 27, 2019, 10:47:15 AM |
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So it is your partnership number 2 in this year, right? What do you think about the productivity through this partnership? Howbenefitted the holders might be? It's their second partnership in 2019. The first one was Quid. I expect holders to be benefited in the long term when the product is released. Given the market condition, these kind of news cannot affect the price in the short time. yeah because we still in bear market, but its good news for utrust holders Utrust get lots of partnerships and if bull market has begin utrust get of a new ATH  |
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kraterion
Full Member
Offline
Activity: 616
Merit: 145
🚀🚀 ATHERO.IO 🚀🚀
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January 27, 2019, 12:00:06 PM |
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Still no exact date of platform launch?
What they will do with profit from platform? Are they going to burn some % of tokens or share between token holders? As far as I remember they were going to burn around (or up to) 25 mln tokens every year. As I understand this burning will be from platform fees profit?
If I recall corectly they will burn fees, don't remember if this has a cap of 25 million tokens per year or not, which is a lot by the way, it needs million of people to use it |
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Darkoth89
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January 27, 2019, 02:56:22 PM |
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Still no exact date of platform launch?
What they will do with profit from platform? Are they going to burn some % of tokens or share between token holders? As far as I remember they were going to burn around (or up to) 25 mln tokens every year. As I understand this burning will be from platform fees profit?
If I recall corectly they will burn fees, don't remember if this has a cap of 25 million tokens per year or not, which is a lot by the way, it needs million of people to use it So how exactly will these token burning work then? I guess it would mean they'd only start to burn tokens once the platform is live and operating? |
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Xinarae*
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January 27, 2019, 05:50:43 PM |
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Still no exact date of platform launch?
What they will do with profit from platform? Are they going to burn some % of tokens or share between token holders? As far as I remember they were going to burn around (or up to) 25 mln tokens every year. As I understand this burning will be from platform fees profit?
If I recall corectly they will burn fees, don't remember if this has a cap of 25 million tokens per year or not, which is a lot by the way, it needs million of people to use it So how exactly will these token burning work then? I guess it would mean they'd only start to burn tokens once the platform is live and operating? It is the question of time. The team can burn token any time based on the road map. It can be on several phases or at the final stage. Totally depends on the roadmap and the team. |
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gembira
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January 28, 2019, 01:03:27 PM |
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Still no exact date of platform launch?
What they will do with profit from platform? Are they going to burn some % of tokens or share between token holders? As far as I remember they were going to burn around (or up to) 25 mln tokens every year. As I understand this burning will be from platform fees profit?
If I recall corectly they will burn fees, don't remember if this has a cap of 25 million tokens per year or not, which is a lot by the way, it needs million of people to use it As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions? If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using... |
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DGulari
Legendary
Offline
Activity: 1386
Merit: 1000
KawBet.com - Anonymous Bitcoin Casino & Sportsbook
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January 28, 2019, 01:37:15 PM |
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As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...
Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol. AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens) |
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Darkoth89
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January 28, 2019, 07:58:04 PM |
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As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...
Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol. AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens) It's in their whitepaper (page 18): "Each time a buyer pays with any cryptocurrency via the UTRUST payment platform, a small percentage of the transactional fee is removed from the market and burned in the form of a UTK. [...] The amount of UTK was projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year"And because they burned half of their tokens after the ICO, I guess they will only burn up to 25 million tokens every year now (to a minimum of 50 million?). |
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Xinarae*
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January 28, 2019, 11:49:33 PM |
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AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens)
But base on their whitepaper they will burn coin on each year which has been mentioned on their whitepaper. Please have a look at their whitepaper and if so you will have no question regarding this. |
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gembira
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January 29, 2019, 08:24:29 PM |
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As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...
Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol. AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens) It's in their whitepaper (page 18): "Each time a buyer pays with any cryptocurrency via the UTRUST payment platform, a small percentage of the transactional fee is removed from the market and burned in the form of a UTK. [...] The amount of UTK was projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year"And because they burned half of their tokens after the ICO, I guess they will only burn up to 25 million tokens every year now (to a minimum of 50 million?). Yes, this seems so. They burned half of tokens (from 1 billion to 500 mln), because they didn't sell all tokens on ICO and they burned half of their own tokens as well. So max amount will be only 25 mln per year. But this is a lot too for first year I think. I just don't know how they will be working on Ethereum blockchain, if there will be really millions active users? They should to create own hugh scalability blockchain.... |
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sockpuppet1911
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January 29, 2019, 09:45:38 PM
Last edit: February 04, 2019, 07:53:42 PM by sockpuppet1911 |
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As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...
Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol. AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens) It's in their whitepaper (page 18): "Each time a buyer pays with any cryptocurrency via the UTRUST payment platform, a small percentage of the transactional fee is removed from the market and burned in the form of a UTK. [...] The amount of UTK was projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year"And because they burned half of their tokens after the ICO, I guess they will only burn up to 25 million tokens every year now (to a minimum of 50 million?). Yes, this seems so. They burned half of tokens (from 1 billion to 500 mln), because they didn't sell all tokens on ICO and they burned half of their own tokens as well. So max amount will be only 25 mln per year. But this is a lot too for first year I think. I just don't know how they will be working on Ethereum blockchain, if there will be really millions active users? They should to create own hugh scalability blockchain.... This is insane amount per year. I am looking forward on what this does to the price. My first instinct is almost fomoing this. |
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Xinarae*
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January 29, 2019, 11:48:35 PM |
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As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...
Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol. AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens) It's in their whitepaper (page 18): "Each time a buyer pays with any cryptocurrency via the UTRUST payment platform, a small percentage of the transactional fee is removed from the market and burned in the form of a UTK. [...] The amount of UTK was projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year"And because they burned half of their tokens after the ICO, I guess they will only burn up to 25 million tokens every year now (to a minimum of 50 million?). Yes, this seems so. They burned half of tokens (from 1 billion to 500 mln), because they didn't sell all tokens on ICO and they burned half of their own tokens as well. So max amount will be only 25 mln per year. But this is a lot too for first year I think. I just don't know how they will be working on Ethereum blockchain, if there will be really millions active users? They should to create own hugh scalability blockchain.... 25 million token is obviously high which they will burn each year but as they could not sell adequate token on ICO phase token burning will be helpful for the project. |
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Darkoth89
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January 30, 2019, 11:42:26 AM |
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As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...
Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol. AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens) It's in their whitepaper (page 18): "Each time a buyer pays with any cryptocurrency via the UTRUST payment platform, a small percentage of the transactional fee is removed from the market and burned in the form of a UTK. [...] The amount of UTK was projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year"And because they burned half of their tokens after the ICO, I guess they will only burn up to 25 million tokens every year now (to a minimum of 50 million?). Yes, this seems so. They burned half of tokens (from 1 billion to 500 mln), because they didn't sell all tokens on ICO and they burned half of their own tokens as well. So max amount will be only 25 mln per year. But this is a lot too for first year I think. I just don't know how they will be working on Ethereum blockchain, if there will be really millions active users? They should to create own hugh scalability blockchain.... This is insane amount per year. I am looking forward on what this does to the price. But they will only burn that many tokens when there a lot of payments via the UTrust platform. And I mean A LOT. So I guess the real amount of tokens that they burn will be much lower in the beginning. |
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Xinarae*
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January 30, 2019, 11:44:00 PM |
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As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...
Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol. AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens) It's in their whitepaper (page 18): "Each time a buyer pays with any cryptocurrency via the UTRUST payment platform, a small percentage of the transactional fee is removed from the market and burned in the form of a UTK. [...] The amount of UTK was projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year"And because they burned half of their tokens after the ICO, I guess they will only burn up to 25 million tokens every year now (to a minimum of 50 million?). Yes, this seems so. They burned half of tokens (from 1 billion to 500 mln), because they didn't sell all tokens on ICO and they burned half of their own tokens as well. So max amount will be only 25 mln per year. But this is a lot too for first year I think. I just don't know how they will be working on Ethereum blockchain, if there will be really millions active users? They should to create own hugh scalability blockchain.... This is insane amount per year. I am looking forward on what this does to the price. But they will only burn that many tokens when there a lot of payments via the UTrust platform. And I mean A LOT. So I guess the real amount of tokens that they burn will be much lower in the beginning. So according to your post if there is less payment made by utrust platform then the burn amount of utrust token will be less accordingly. It could be better if any team member could confirm it. |
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gembira
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February 01, 2019, 03:15:07 PM |
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Developers said in telegram that they going to burn up to 50 mln tokens per year. And it depends of course of their profit from comissions fees. This is impossible of course for such big fees in first year. But who knows, may be in next years when Utrust will have a lot of customers across the world this will be real amount. And if circularing will be decreased with 50 mln per year, than rest tokens will be very expensive  |
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hush
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February 01, 2019, 03:19:47 PM |
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Developers said in telegram that they going to burn up to 50 mln tokens per year. And it depends of course of their profit from comissions fees. This is impossible of course for such big fees in first year. But who knows, may be in next years when Utrust will have a lot of customers across the world this will be real amount. And if circularing will be decreased with 50 mln per year, than rest tokens will be very expensive If this could become true than surely it will bring more value for this token like that they will keep burning according to this plan. I think so at the moment it looking hard but nobody knows about the future what happen next. |
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Darkoth89
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February 01, 2019, 04:22:00 PM |
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Developers said in telegram that they going to burn up to 50 mln tokens per year. And it depends of course of their profit from comissions fees. This is impossible of course for such big fees in first year. But who knows, may be in next years when Utrust will have a lot of customers across the world this will be real amount. And if circularing will be decreased with 50 mln per year, than rest tokens will be very expensive Okay, so you have the confirmation that it's going to be up to 50 million tokens, and not the 25 million we assumed? Well, 25 million sounded logically to me but if's confirmed from official site I believe them. |
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