UTRUST

[Affilate User]

Also a small update

We slightly changed the ICO timings to 2 PM GMT and removed the 24 hour window in-between ICO rounds. Instead, the ICO now runs continuously from the 20th of September at 2 PM GMT and runs fluently into the following rounds.

I hope this made some things clear and if you have any other question, please don't hesitate to reach out!

fantastic news! now i dont need to hyperventilate if i dont make the first round in time lol 

That’s a very good news now people will have the chance to get some tokens rather than fearing out to loose there transection fees.

20th September is a good date to start ICO, and what is your minimum target in ICO and how long will ICO run?

[1714100081]

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[1714100081]

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[Fara Chan]

more and more ico projects that increase the duration of sales when ico is running
may be the factor of the yesterday's issue which has reduced investors
hopefully this will be the right decision for the project to succeed

[Partizant]

more and more ico projects that increase the duration of sales when ico is running
may be the factor of the yesterday's issue which has reduced investors
hopefully this will be the right decision for the project to succeed

I think it is a good decision. The project is big and needs time for active marketing. However, the breaks between rounds were reduced.

[huu78]

more and more ico projects that increase the duration of sales when ico is running
may be the factor of the yesterday's issue which has reduced investors
hopefully this will be the right decision for the project to succeed

I think it is a good decision. The project is big and needs time for active marketing. However, the breaks between rounds were reduced.

It is true that making the best decision is not easy. The important thing is to be patient with a big project for achieving active marketing.

[Kakumei]

20th September is a good date to start ICO, and what is your minimum target in ICO and how long will ICO run?

Hi Affiliate User!

• The ICO will have 7 rounds
• Every round lasts 7 days or until sold out
• Unsold tokens will be burnt, effectively reducing the total market cap

Hope this helps!

[Affilate User]

20th September is a good date to start ICO, and what is your minimum target in ICO and how long will ICO run?

Hi Affiliate User!

• The ICO will have 7 rounds
• Every round lasts 7 days or until sold out
• Unsold tokens will be burnt, effectively reducing the total market cap

Hope this helps!

What if all the coins are sold in 1 day, will 7 rounds be held or will ICO end immediately?

[Pelunize12]

20th September is a good date to start ICO, and what is your minimum target in ICO and how long will ICO run?

Hi Affiliate User!

• The ICO will have 7 rounds
• Every round lasts 7 days or until sold out
• Unsold tokens will be burnt, effectively reducing the total market cap

Hope this helps!

What if all the coins are sold in 1 day, will 7 rounds be held or will ICO end immediately?

i think if all coins are sold in one day ICO will end immediately.
if the coins are sold out, what coin will sell again? 

[Stavri]

I believe that this project is going to be more popular in the future. It has good benefits for both buyers and sellers. Especially for the sellers. I love the idea that escrow exchanges the cryptomoney to fiat in advance. So there is no lost in a possible dump for the sellers.

[temple]

So is UTRUST trying to act like a decentralized PayPal?

From what I understand, more or less. They aim to be one of the first decentralized payment processors that allow conversions of most cryptos. Their niche is in their buyer protection which seems unmatched by the competition at the moment. I'm excited to see how their ICO goes

Ok but is it then more like a Coinbase but with more cryptocurrencies or are they offering some sort of decentralized solution?

I would say paypal is a better comparison. As a merchant you can sell your products, accepting major cryptos through this platform while having the received coins be immediatly converted into your fiat of choice (ie. ETH to USD). This not only saves you the hassle of conversion yourself but protects against market volatility. The merchant can then convert their money into other cryptos, cash out, or keep it in their wallet on the platform. As a buyer this platform would potentially save you the hassle & time of any conversions, as well as providing you protection on your purchases! Bought a boat  online with BTC, that surprisingly never got delivered? With UTRUST you're protected!

UTRUST extends consumer protection by covering both physical and virtual (if applicable) purchases. We will guarantee full coverage of all eligible payments made via UTRUST.

https://utrust.io/how-it-works#customer-payment-protection
https://utrust.io/how-it-works#safety-of-funds

Yes but there is still a central authority that judges when it comes to problems?

[karanj]

A Secure, Transparent and Robust platform.The future of online platform.

[rejosh]

Nice post about utrust in the huffingtonpost.

http://www.huffingtonpost.com/entry/how-blockchain-can-disrupt-the-payments-industry-will_us_59aed455e4b0bef3378cdb94

[unisilver]

i have signed up for the signature campaign to help you promote the project.

may i ask what is the ico price? and does the price differs between pre ico and druing ico?

Hi unisilver,

You can find all details here: https://utrust.io/ico
Let us know if you have any further questions and we will be more than happy to reply.

All the best,
The UTRUST Team

i saw your site dev, the pre ico started aug 28 right? and it says it has been sold out.. is this means that you already raised $1,500,000?

$2,000,000 from private investors
$1,500,000 from pre-ICO

$3,500,000 already raised. Waiting for ICO round 1

for real? what a big amount for a certain activity before the ico kicks off.. well im sure, with that certain amount, means many trusted the project, by the time ico opens, it will definitely flood investors.

[Kakumei]

for real? what a big amount for a certain activity before the ico kicks off.. well im sure, with that certain amount, means many trusted the project, by the time ico opens, it will definitely flood investors.

Yes, we are being trusted which we very much appreciate.

We are using the existing funds to run our extensive marketing campaigns, too.

Hope this helps!

[coinz101]

So many people asking so here you go. My personal review of Monetha vs UTRUST:

The Monetha Team:
- Small and not even a single software engineer
The UTRUST Team:
- Large and with a highly technical background

Monetha Whitepaper:
- Confusing and hard to understand if this is something really needed
UTRUST Whitepaper:
- Very clear to understand the model just by glancing at the paper summary

Monetha fees for seller:
- 1.5%
UTRUST fees for seller:
- 1%

Monetha Concept:
- Simplistic view and solves no intrinsic problem.
UTRUST Concept:
- Solves a major problem in crypto payments - Buyer protection for cryptocurrency. This is something that is needed for the mass adoption and doesn’t exist. Can be easily used by merchants and private sellers alike.

Monetha accepts:
- Just ETH.
UTRUST accepts:
- All major cryptocurrencies.

Monetha adoption by merchants:
- Limited to merchants that wish to accept ETH and no other cryptocurrencies. Amazon, Ebay, Ali, and many more already have feedback scores, therefore Monethas model will not gain tracking and be adopted by any major merchants. Since it solves no problem, very low appeal to buyers.
UTRUST adoption by merchants:
- Buyers can pay with multiple cryptocurrencies and have a safety net when making their payments, with sellers having a higher selling rate. Will gain organic traction, bringing more clients by referral as they feel more satisfied and protected.

-Monetha adoption by buyers:
- Buyers can only pay with ETH. Feedback score system already exists and solves no problem in practice. Feedback rate is unreliable and subject to false reports and paid bias, as many others.
UTRUST adoption by buyers:
- Buyers can pay with multiple cryptocurrencies. Buyers feel safer making payments with cryptocurrencies knowing that if something goes wrong they can appeal, escalate and be refunded.

If you pay with Monetha and an vendor scams you, the only thing you will be able to do is put a negative review and your money is gone. With UTRUST you will get your money back.

[poiseulle]

Chinese ANN thread updated with the new info for ICO (https://bitcointalk.org/index.php?topic=2083682)
Hope the project has a successful ICO. I look forward to my bounty when ICO finish

[Partizant]

In the newest whitepaper there is information about the break between ICO rounds.

"in the worst-case scenario, the total duration will be of 55 days (with each one of the 7 rounds closing in 7 days, plus the 24 hours in between)"

I understand that this is an outdated information and ICO will take place without this break.

[Kakumei]

In the newest whitepaper there is information about the break between ICO rounds.

"in the worst-case scenario, the total duration will be of 55 days (with each one of the 7 rounds closing in 7 days, plus the 24 hours in between)"

I understand that this is an outdated information and ICO will take place without this break.

This is correct and we will update this shortly.

[kynaz]

In the newest whitepaper there is information about the break between ICO rounds.

"in the worst-case scenario, the total duration will be of 55 days (with each one of the 7 rounds closing in 7 days, plus the 24 hours in between)"

I understand that this is an outdated information and ICO will take place without this break.

I think Utrust should reduce the number of rounds as this will cause many investors to wait very long and this can affect a lot of the price when getting on the official exchange. I hope dev will have more updates in the future to help people get a good look in the project.

[Partizant]

UTRUST is not interesting to anyone. The team has no real product. Understand what they offer to sponsor an effort to develop a platform that is doomed to failure. A very dubious project. I do not recommend anyone to participate in it.

Did you see their team? https://utrust.io/team
A large team of real developers. Real address and existing company in Braga, Portugal. They are not anonymous.

And who are you? You are a Monetha fan who writes false information.

I already wrote that UTRUST is not implemented in reality the idea. Monetha is a real product.
UTRUST is a group of unknown people. Monetha is a team of world famous professionals.

Gruop of unknown people? Really? https://utrust.io/team

[Yury1]

UTRUST is not interesting to anyone. The team has no real product. Understand what they offer to sponsor an effort to develop a platform that is doomed to failure. A very dubious project. I do not recommend anyone to participate in it.

Did you see their team? https://utrust.io/team
A large team of real developers. Real address and existing company in Braga, Portugal. They are not anonymous.

And who are you? You are a Monetha fan who writes false information.

I already wrote that UTRUST is not implemented in reality the idea. Monetha is a real product.
UTRUST is a group of unknown people. Monetha is a team of world famous professionals.

Gruop of unknown people? Really? https://utrust.io/team

These people do not even have the initial prototype of their product. They arranged a fundraiser for unrealizable idea.