UTRUST

[viljy]

A portion of the transaction costs is burned which further reduces the number of token ustrust and allows their value to grow in addition to their production limitation.

This kind of system is good for the token value.

Fewer coins and more demand will lead to an increasing price of the tokens. I hope they will get a big userbase as fast as possible.

Final supply will be 100,000,000 tokens ? I read it somewhere, it will take many years of course, more fees (= more transactions) means less time to achieve that

According to Rudy, the fastest possible is 18 years if the ICO sell out.

Yes, 18 years is correct to reduce the tokens from initially 1 billion to the final supply of 100 million with a rate of 50 million/year.

I thought that all tokens would be burned. And then they would release a new contract and new tokens. Not this way?

[Rigorous]

UTRUST might soon have a big competitor in the crypto space... I am seeing some rumors about PayPal partnering with Stellar Lumens.

https://twitter.com/StellarXLM/status/922901895542427651

That Stellar twitter account is fake. This is the real Stellar twitter account https://twitter.com/StellarOrg

So the rumor about PayPal partnering with Stellar is FAKE. So UTrust has nothing to worry about

This is to manipulate the market.
They wanne spread some fake news so the price will go up and so they can sell

UTRUST will be Paypal 2.0

It was based on some PayPal people following Stellar people on Twitter. But PayPal people follow lots of things including IBM.

For some real news related to PayPal:

https://techcrunch.com/2017/10/23/paypal-launches-a-payments-product-designed-for-marketplaces-platforms-and-crowdfunding-sites/

[Elkmar]

Long Finance — Digital Currencies Trade Fair
23rd October, London, United Kingdom

How was this event?
I'm always interested in some pictures from events or video's about presentations.

It would be nice if you shared some things about the events you guys visit.
Keep spreading the word

Waiting for some feedbacks from the team too 

[cmg12]

i think PayPal will enter just after everything get regulated and goes mainstream, so we are talking about few years still.

If utrust will play their game right then they will have a large userbase before PayPal will do anything.

It's not necessary a competition, PayPal and Utrust imo can coexist (until cryptos will take over on fiat, but that's not happening soon), one for banks an the other one for people

they're gonna be competitors man. both handle payments. that's not a bad thing by the way.

On the competition is too early to say, it takes a few years to develop crypto-currency payments.

PayPal won't be able to enter cryptocurrency space any time soon. They competition at this moment is monetha

[toolucky98]

A portion of the transaction costs is burned which further reduces the number of token ustrust and allows their value to grow in addition to their production limitation.

This kind of system is good for the token value.

Fewer coins and more demand will lead to an increasing price of the tokens. I hope they will get a big userbase as fast as possible.

Final supply will be 100,000,000 tokens ? I read it somewhere, it will take many years of course, more fees (= more transactions) means less time to achieve that

According to Rudy, the fastest possible is 18 years if the ICO sell out.

Yes, 18 years is correct to reduce the tokens from initially 1 billion to the final supply of 100 million with a rate of 50 million/year.

I thought that all tokens would be burned. And then they would release a new contract and new tokens. Not this way?

No , there is a maximum amount.

The amount of UTRUST tokens is 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.

[Rigorous]

Did anyone see this line on the blog post? https://medium.com/@hassanadeogun/utrust-can-you-imagine-guys-if-this-world-has-the-best-online-payments-in-the-future-f1491e7b7b2

Because merchants want to target as many young online shoppers as possible, they offer UTRUST payments as a prominent checkout option, buyers can select them and enjoy the best protection of the UTRUST platform.

By that logic merchants targeting older online shoppers will offer only unsafer payment methods? Because they are old? Does the author wishes his poor mother to be scammed because she is old?

[sockpuppet1911]

i think PayPal will enter just after everything get regulated and goes mainstream, so we are talking about few years still.

If utrust will play their game right then they will have a large userbase before PayPal will do anything.

It's not necessary a competition, PayPal and Utrust imo can coexist (until cryptos will take over on fiat, but that's not happening soon), one for banks an the other one for people

they're gonna be competitors man. both handle payments. that's not a bad thing by the way.

On the competition is too early to say, it takes a few years to develop crypto-currency payments.

PayPal won't be able to enter cryptocurrency space any time soon. They competition at this moment is monetha

Paypal had several opportunities to implement cryptocurrencies already, i think that they would have done it by now it they would.

[Rigorous]

Paypal had several opportunities to implement cryptocurrencies already, i think that they would have done it by now it they would.

They had plans, but are legally restricted from doing so. But if American regulations change to allow them more leeway, I am sure they will. Look, Europe wants to catch up to USA so they are not going to regulate crypto to harshly, in fact they are more inclined to subsidize innovation. USA cannot let that it happen that Europe gets ahead. Eventually either Europe is going to tighten or USA adopts a looser policy.

[cmg12]

i think PayPal will enter just after everything get regulated and goes mainstream, so we are talking about few years still.

If utrust will play their game right then they will have a large userbase before PayPal will do anything.

It's not necessary a competition, PayPal and Utrust imo can coexist (until cryptos will take over on fiat, but that's not happening soon), one for banks an the other one for people

they're gonna be competitors man. both handle payments. that's not a bad thing by the way.

On the competition is too early to say, it takes a few years to develop crypto-currency payments.

PayPal won't be able to enter cryptocurrency space any time soon. They competition at this moment is monetha

Paypal had several opportunities to implement cryptocurrencies already, i think that they would have done it by now it they would.

Probably PayPal isn't integrated in cryptocurrencies. They still don't understand this potential

[sportsman18]

"Hey! The Product is progressing at a great speed and we plan to start private tests with our list of merchants before the end of the year" - by Roberto Machado (CPO of UTRUST)

Great news!!

[cantdecide]

Did anyone see this line on the blog post? https://medium.com/@hassanadeogun/utrust-can-you-imagine-guys-if-this-world-has-the-best-online-payments-in-the-future-f1491e7b7b2

Because merchants want to target as many young online shoppers as possible, they offer UTRUST payments as a prominent checkout option, buyers can select them and enjoy the best protection of the UTRUST platform.

By that logic merchants targeting older online shoppers will offer only unsafer payment methods? Because they are old? Does the author wishes his poor mother to be scammed because she is old?

I don't think it is meant like this, but the sentene is really not well selected. For marketing purpose this is a no go but hopefully they will work in this
Or maybe they really just want to target a young and hip crypto audience but that would be crazy, because even in crypto not everyone is young and hip lol

[magisterr]

This guys dont waste time in vain... They have conferences almost every day.

UTRUST team will be represented at the following events:

Long Finance – Digital Currencies Trade Fair October 23, London, UK
Blockchain Economic Forum 2017 – October 31 to November 1, New York, USA
Web Summit 2017 – November 6 to 9, Lisbon, Portugal
Blockchain & Cryptocurrency Conference– November 11, Tokyo, Japan
Switzerland Wealth Innovation Tour – November 15, Zug, Switzerland
Blockchain Summit – November 22, Zug, Switzerland
Blockchain Summit London Olympia – November 28, London, UK
Blockshow Asia – November 29 and 30, Singapore
Cryptocurrency World Expo – December 1 and 2, Warsaw, Poland

https://coinidol.com/utrust-blockchain-conference-ahead-of-november-ico/

[belechau]

This guys dont waste time in vain... They have conferences almost every day.

UTRUST team will be represented at the following events:

Long Finance – Digital Currencies Trade Fair October 23, London, UK
Blockchain Economic Forum 2017 – October 31 to November 1, New York, USA
Web Summit 2017 – November 6 to 9, Lisbon, Portugal
Blockchain & Cryptocurrency Conference– November 11, Tokyo, Japan
Switzerland Wealth Innovation Tour – November 15, Zug, Switzerland
Blockchain Summit – November 22, Zug, Switzerland
Blockchain Summit London Olympia – November 28, London, UK
Blockshow Asia – November 29 and 30, Singapore
Cryptocurrency World Expo – December 1 and 2, Warsaw, Poland

https://coinidol.com/utrust-blockchain-conference-ahead-of-november-ico/

Congratulations to the team for more this sacrifice to unfold in favor of Ico, will have a valuable and deserved return, certainly deserve a place close to innovative giants of the crypto, and still believe in a future expansion of Utrust, memo post Ico

[WFBuckley]

This guys dont waste time in vain... They have conferences almost every day.

UTRUST team will be represented at the following events:

Long Finance – Digital Currencies Trade Fair October 23, London, UK
Blockchain Economic Forum 2017 – October 31 to November 1, New York, USA
Web Summit 2017 – November 6 to 9, Lisbon, Portugal
Blockchain & Cryptocurrency Conference– November 11, Tokyo, Japan
Switzerland Wealth Innovation Tour – November 15, Zug, Switzerland
Blockchain Summit – November 22, Zug, Switzerland
Blockchain Summit London Olympia – November 28, London, UK
Blockshow Asia – November 29 and 30, Singapore
Cryptocurrency World Expo – December 1 and 2, Warsaw, Poland

https://coinidol.com/utrust-blockchain-conference-ahead-of-november-ico/

That's great news and should bring more awareness to this project. I'm looking forward to the ICO and hope that it doesn't sell out too quickly. Looking to stock up and hold for the long term because this has enormous potential to grow.

[toolucky98]

"Hey! The Product is progressing at a great speed and we plan to start private tests with our list of merchants before the end of the year" - by Roberto Machado (CPO of UTRUST)

Great news!!

This is really a great news  
Its great to see that you can work faster than planned, hopefully the results will also be better than expectations.

[AshleyAshes]

Seems like it's an ambitious project and I'm eager to put in a few coins.

[Piggy]

"Hey! The Product is progressing at a great speed and we plan to start private tests with our list of merchants before the end of the year" - by Roberto Machado (CPO of UTRUST)

Great news!!

This is quite an exciting news, so everything seems to be on track with the roadmap. Plus the upcoming events coming will help to grow and make the project known.

[Yasemin]

They will need to market it to merchants to get accepted by them. get merchants is the biggest bottle neck for crypto at the moment, however the good thing about uTrust is that they take out the volatility risk of crypto
for the merchants, so it will be a much easier sell for them.

It would be very difficult to take out the volatility risk of crypto and I dont see it happening that merchants will accept crypto payment methods in the near future. But IF they can convince a big player in the market, other will join too. I think it will take at least 10 more years for that.

[levyashin]

Did anyone see this line on the blog post? https://medium.com/@hassanadeogun/utrust-can-you-imagine-guys-if-this-world-has-the-best-online-payments-in-the-future-f1491e7b7b2

Because merchants want to target as many young online shoppers as possible, they offer UTRUST payments as a prominent checkout option, buyers can select them and enjoy the best protection of the UTRUST platform.

By that logic merchants targeting older online shoppers will offer only unsafer payment methods? Because they are old? Does the author wishes his poor mother to be scammed because she is old?

I don't think it is meant like this, but the sentene is really not well selected. For marketing purpose this is a no go but hopefully they will work in this
Or maybe they really just want to target a young and hip crypto audience but that would be crazy, because even in crypto not everyone is young and hip lol

Marketing agents always go for young people, in marketing they always ask, what is the young people wants. It is the most important part and they are going for it.

[sockpuppet1911]

Paypal had several opportunities to implement cryptocurrencies already, i think that they would have done it by now it they would.

They had plans, but are legally restricted from doing so. But if American regulations change to allow them more leeway, I am sure they will. Look, Europe wants to catch up to USA so they are not going to regulate crypto to harshly, in fact they are more inclined to subsidize innovation. USA cannot let that it happen that Europe gets ahead. Eventually either Europe is going to tighten or USA adopts a looser policy.

Could be... It's really hard to predict the outcome on new monetary policy.