UTRUST

[Voice]

Hi there.

As a monetha holder, I'm interested on this project too, both seem very promising and I believe that's a smart move taking positions on both.

At this moment, I'm reading the whitepaper, but I have some doubts.

Some weeks ago, I was checking this project and, as far as I remember, there were something like 4 or 5 different rounds in the ico with increasing price: 0.045 cents, 0.055 cents, 0.065 cents, 0.075 cents, and so on.
Now, it seems there's a closed price (I PREFER like this), on 0.065 cents all the time.

Is that correct? Will the price be $0.065 cents from the beginning?  (not meaning presale, just talking about the ico)

One more question: is there any minimum ethereum to join?

Thanks a lot and good luck everybody.

I'll answer myself lol:

Is that correct? Will the price be $0.065 cents from the beginning?   ---->    ICO Round (single) 70% $0.065 700,000,000 $45,500,000       -----  So yes, it seems price will be 0.065 cents and there's a single round now. Easier. That's a good move in my opinion.

is there any minimum ethereum to join?  ---->    minimum contribution stake is set at 0.2 ETH / 0.02 BTC


Am I right?

Definitely, i'll take this train.
Regards.

[1714885243]

1714885243

[1714885243]

1714885243

[Nargiza]

Hello. The idea of the ability to use different crypto currencies and the choice options to convert into another crypto currency or to tokens utrust or cashing is simply ideal. My quetion is: if the user decides to convert into cash, will only the $equivalent be used or euro e.t.c acceptable too?

[warr1979]

Sure the best ICO of 2017

what makes it better than all the other icos?

It's a good one and has very big potential. But saying the best is overkill I think.  I think it will be one of the very good ones, but saying best of 2017 is way too early.

I think to say an ICO is the best of 2017 you have to wait 1-2 years and then you will be able to say what was the best.

Actually when we invest into an ICO project, we do not need to know our ICO invested will be the best of this year or not.
The time will prove that project really good or not, beside that, the profitability also make an ICO project become the best .

[ParRus]

Customers’ payments are protected through a fast, self-mediated two-party resolution system, and an advanced 3-party resolution dispute mechanism if the first isn’t successful. This allows parties to chat in real-time guided by a UTRUST resolution mediator. In comparison, PayPal can take several months to solve a dispute.

[Chikitita2004]

This concept is promising, but it seems to be another centralized marketplace with buyer protection, but with crypto currencies as payment option.

Is it possible to implement UTRUST platform to other webshops/marketplaces as well?

It's not another marketplace. UTrust is payment option where the buyer can choose to pay with all the major crypto currencies or UTrust tokens.

Is it so that UTrust can be implemented to any webshop for example? And that webshop will have buyer protection automaticly? If so, this is starting have my attention.

Thanks in advance.

Yes. It is like paypal. You buy online in any online store that partners with Utrust then you are going to pay the things you buy through utrust using your own cryptocurrency or you can buy utrust token and pay your shopping with using utrust token with zero service charge.

[Kakumei]

yeah it seems almost to good to be true ;/

Have some faith in us!

Hi there.

As a monetha holder, I'm interested on this project too, both seem very promising and I believe that's a smart move taking positions on both.

At this moment, I'm reading the whitepaper, but I have some doubts.

Some weeks ago, I was checking this project and, as far as I remember, there were something like 4 or 5 different rounds in the ico with increasing price: 0.045 cents, 0.055 cents, 0.065 cents, 0.075 cents, and so on.
Now, it seems there's a closed price (I PREFER like this), on 0.065 cents all the time.

Is that correct? Will the price be $0.065 cents from the beginning?  (not meaning presale, just talking about the ico)

One more question: is there any minimum ethereum to join?

As you already answered yourself: Yes, your assumptions were correct.

We changed the rounds for many reasons to one simple round at 6.5 cents and the minimum contribution is 0.2 ETH/0.02 BTC.

[matjas]

I'll answer myself lol:

Is that correct? Will the price be $0.065 cents from the beginning?   ---->    ICO Round (single) 70% $0.065 700,000,000 $45,500,000       -----  So yes, it seems price will be 0.065 cents and there's a single round now. Easier. That's a good move in my opinion.

is there any minimum ethereum to join?  ---->    minimum contribution stake is set at 0.2 ETH / 0.02 BTC

Am I right?

Definitely, i'll take this train.
Regards.

They made the changes for ICO on September 13th and announced it on their medium - https://medium.com/@UTRUST/important-announcement-from-the-utrust-team-b893466fb506

[FIEX]

Utrust is not only accepting cryptocurrency as payment but it also has an easy convertion of its crypto to fiat in its program . It will surely have a competition with both paypal and utrust because of its dispute features. Utrust has a buyer protection program against fraud/scammer in an online payment site where buyer and seller can talk in an online chat its all according in its whitepaper.

Thats very important to have that buyers protection.
A lot of people really need this to gain trust for using this system. It will take some time but I really believe in this platform. Cant wait to start using this .

[Nargiza]

Hello again sorry that I am a little bit annoying today. But I don't fully understand. WP page 18 last paragraph about refunds? So if buyer will be refunded the fees will go to 2 % it's correct?

Thanks in advance

[Rigorous]

Hello again sorry that I am a little bit annoying today. But I don't fully understand. WP page 18 last paragraph about refunds? So if buyer will be refunded the fees will go to 2 % it's correct?

The way I read it, there will be an additional fee of 2% on top of any other fees. I think that 2% fee is used to (partly) cover the cost of the UTRUST operator.

[Sozialtourist]

One of the risks that clients may have to face of using this platform is that if internet may fail and your not able to access your account. And also risk of scams and fraud in paying online.

Well this risk is pretty made up! If your internet fails any other payment method than paying cash to the seller isn't an option anymore. And without internet you cannot buy something online, so no need to pay with UTrust  

[Voice]

I'll answer myself lol:

Is that correct? Will the price be $0.065 cents from the beginning?   ---->    ICO Round (single) 70% $0.065 700,000,000 $45,500,000       -----  So yes, it seems price will be 0.065 cents and there's a single round now. Easier. That's a good move in my opinion.

is there any minimum ethereum to join?  ---->    minimum contribution stake is set at 0.2 ETH / 0.02 BTC

Am I right?

Definitely, i'll take this train.
Regards.

They made the changes for ICO on September 13th and announced it on their medium - https://medium.com/@UTRUST/important-announcement-from-the-utrust-team-b893466fb506

Thank you, matjas and kakumei !

The project looks great, and I really like the ico changes.
I'm glad and pleasantly surprised to read that they will announce confirmed exchanges along with the final ico date!

Utrust is looking "maturer" than Monetha to me. (I am monetha investor, as well, no offense to monetha holders, i'm one of those!). I'm not a fanboy nor anything, just an investor, and Utrust is really attractive for the long term.
I'll keep an eye on the forum and on their medium too, I don't want to loose this great ico.

Thanks all, and good luck!

[Rigorous]

Have these questions regarding the banking licenses been answered? I think they were buried beneath the red color posts a few days ago.

According to the UTRUST whitepaper 12% of the funds will be allocated to legal and regulation. Does that include global banking licenses?

When we take a look at PayPal, their status differs per region. In Europe PayPal is legally regulated as a bank, in the US it is a money transmitter. This subject is not trivial.

https://en.wikipedia.org/wiki/PayPal#Regulation

Good question. Operating globally means dealing with a lot of different laws which can cost a lot of money. Will there be focus on specific regions on the start?

[batako]

One of the risks that clients may have to face of using this platform is that if internet may fail and your not able to access your account.

This is the common problem for every services that using internet as the main way to access it. Fortunately, programmers already know how to handle such problem and it won't make a headache nowadays.

[greatteager]

One of the risks that clients may have to face of using this platform is that if internet may fail and your not able to access your account.

This is the common problem for every services that using internet as the main way to access it. Fortunately, programmers already know how to handle such problem and it won't make a headache nowadays.

You are right, technologies have already developed so that the loss of the Internet will not disrupt the work of the platform.

[Nargiza]

Hello again sorry that I am a little bit annoying today. But I don't fully understand. WP page 18 last paragraph about refunds? So if buyer will be refunded the fees will go to 2 % it's correct?

The way I read it, there will be an additional fee of 2% on top of any other fees. I think that 2% fee is used to (partly) cover the cost of the UTRUST operator.

So the buyer loses its 2 % even is not his/her foult 

[Heimer]

One of the risks that clients may have to face of using this platform is that if internet may fail and your not able to access your account.

This is the common problem for every services that using internet as the main way to access it. Fortunately, programmers already know how to handle such problem and it won't make a headache nowadays.

You are right, technologies have already developed so that the loss of the Internet will not disrupt the work of the platform.

And that is the best thing in utrust. It will work even without internet because it's decentralized

[dimifi]

One of the risks that clients may have to face of using this platform is that if internet may fail and your not able to access your account.

This is the common problem for every services that using internet as the main way to access it. Fortunately, programmers already know how to handle such problem and it won't make a headache nowadays.

You are right, technologies have already developed so that the loss of the Internet will not disrupt the work of the platform.

And that is the best thing in utrust. It will work even without internet because it's decentralized

Everything is becoming decentralized these days soon we will decentralize decentralize :DD

Hello again sorry that I am a little bit annoying today. But I don't fully understand. WP page 18 last paragraph about refunds? So if buyer will be refunded the fees will go to 2 % it's correct?

The way I read it, there will be an additional fee of 2% on top of any other fees. I think that 2% fee is used to (partly) cover the cost of the UTRUST operator.

So the buyer loses its 2 % even is not his/her foult 

Its transaction fees i think its normal

[Rigorous]

Hello again sorry that I am a little bit annoying today. But I don't fully understand. WP page 18 last paragraph about refunds? So if buyer will be refunded the fees will go to 2 % it's correct?

The way I read it, there will be an additional fee of 2% on top of any other fees. I think that 2% fee is used to (partly) cover the cost of the UTRUST operator.

So the buyer loses its 2 % even is not his/her foult 

Yep. That is how it is described in the illustration. The buyer pays 2% resolution escalation fee regardless of whose fault it was. I suspect that is because the smart contract is designed like that it takes a portion of the escrowed money. The seller did not put any money in escrow, so there is no money to take a fee from.

[greatteager]

Anyone want to speculate what their partnership announcements will be? Amazon would be cool.

Who knows? Maybe ebay, alibaba, olx and the rest too will partner with  Utrust. It is not just the buyer/seller protection they provide they also give performance-based ratings to sellers which is good for both sellers buyers. The moment buyers see the 5star ratings of sellers, it means trust for the sellers which good for them too.  

Alibaba would be a great partner for UTRUST considering it is a very big company that can even surpass Amazon and has a wide user base in Asia.

It's too early to talk about partners, first you need to finalize and launch the platform. On the partnership so far nothing is said. It will be better to announce the partnership when the coin will be on exchanges.

Early or late, these are part of the big picture everyone speculate on the future of this project. Anyway, partnership with these big companies will be the future hope of Utrust for total success. We want it to happen and we want  these companies' hearts to be won by Utrust.

At the moment, these huge companies do not need such payment aggregators, as ULTRUST. So it is doubtful such cooperation in the near future. If ULTRUST shows its convenience for customers, it will reach a mass audience, then undoubtedly they will cooperate. But this can take years. Probably at the best 3-4 years I think.

Well, why 3-4 years, in 2019 there will already be major partners, the main thing is that they don't start to make their platforms.