levyashin
Sr. Member
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Activity: 980
Merit: 276
$CYBERCASH METAVERSE
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November 23, 2017, 01:17:00 PM |
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KYC? Really?! If true, this is gonna become just another forgotten story ...
Why is that? Not a big deal i think. |
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PS92
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November 23, 2017, 01:25:08 PM |
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Better than? uTrust? Why? lol, not at all He is the thread starter, thats why he said that Ooooh, haha, lol |
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captainhera
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November 23, 2017, 01:28:41 PM |
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KYC? Really?! If true, this is gonna become just another forgotten story ...
Why is that? Not a big deal i think. Indeed, what is wrong with KYC? There are more project that use KYC on there ICO. Nothing wrong there so why here with UTRUST?  |
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quinney123
Newbie
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Activity: 24
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November 23, 2017, 01:56:45 PM |
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just a quick question, i have no problem with it but why do we have to submit our legal documents? is this just to prove that nothing dodgy is going on? or people from restricted countries are not purchasing?
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Jay2408
Full Member
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Activity: 518
Merit: 101
🚀🚀 ATHERO.IO 🚀🚀
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November 23, 2017, 02:11:48 PM |
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just a quick question, i have no problem with it but why do we have to submit our legal documents? is this just to prove that nothing dodgy is going on? or people from restricted countries are not purchasing?
You might read their medium blog article to answer your questions. https://medium.com/@UTRUST/a-primer-on-the-importance-of-kyc-b0d2d618f533 |
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slimypuppy54
Newbie
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Activity: 45
Merit: 0
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November 23, 2017, 02:11:55 PM |
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KYC? Really?! If true, this is gonna become just another forgotten story ...
Why is that? Not a big deal i think. Indeed, what is wrong with KYC? There are more project that use KYC on there ICO. Nothing wrong there so why here with UTRUST? Nothing wrong with KYC if you announce all the regulations in advance. It is different if you start changing requirements in the middle of the process and cannot give any transparent answer to rely on. Enjoy https://bitcointalk.org/index.php?topic=2400831  |
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leea-1334
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November 23, 2017, 02:15:04 PM |
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just a quick question, i have no problem with it but why do we have to submit our legal documents? is this just to prove that nothing dodgy is going on? or people from restricted countries are not purchasing?
It is all about regulations, my friend. The world of crypto and blockchain is still in the midst of entering mainstream adoption. Banks, financial regulators and governments are all training their focus especially on ICOs, since a lot have already scammed and they have received a lot of complaints. There are also legitimate concerns about anti money laundering that must be addressed. Utrust is trying to become compliant in this manner, so all their investors must be properly vetted, as per their regulations and terms. You have no choice and soon every ICO will become like this. |
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alphashotgun
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November 23, 2017, 02:32:39 PM |
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Are they already on etherdelta?
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hanshammer
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Activity: 280
Merit: 22
The Future of Sports is Fan Controlled
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November 23, 2017, 02:43:20 PM |
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Thanks for the link. Now I understand better why they think they need KYC. But I am still against it. |
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jonnytracker
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November 23, 2017, 02:48:30 PM |
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Yes, crypto was about decentralization and anonymity. Now government rules are stepping in, we need to put a stop to this. Avoid this kind of campaign.. I stay away from LBRY coin when they ask you for credit card to activate your account .. Nice one you did there LBRY
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gaitchs
Member
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Activity: 84
Merit: 10
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November 23, 2017, 02:53:43 PM |
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Thanks for the link. Now I understand better why they think they need KYC. But I am still against it. I am against it too. |
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sockpuppet1911
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November 23, 2017, 02:56:52 PM |
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How much funds did they collect? 17.5 millions on ICO and 3.5 millions on pre-sale and private sale. 21 millions $ in total. They collected very good amount. ICO process was so long but finally worth it for them. Now it's time to build up the project. They need to keep loyal to the original roadmap. Congratulations to the Team for keeping the work at all stages, following the script to the letter and surprising us with anticipation of some parts, like Exchanges, I hope for a new surprise and dedication continues 150 million marketcap in the month to come, ready to make a bet on this one. A bit too optimistic, I think. Maybe when the platform will be available for testing or after merchants will integrate it, but even...we'll see Altcoins will have big rise soon. Utrust will benefit from this. Why are you saying that? Do you have any secret information to share?  That's probably an assumption. But i can get behind that. If btc stabilizes, people will turn to alts for looking for next big pump |
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gpubitcoin
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Activity: 45
Merit: 0
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November 23, 2017, 03:03:36 PM |
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I also think that there is a huge potential of growth, even with the pretty good amount raised i think Utrust value will continue to increase. The project has so much potential, just wait for the platform and see the value skyrocket.
Yes that is correct. My prediction is UTRUST tokens will be one of the hottest cryptocurrency come 2018. exactly, I have the same opinion |
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cantdecide
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November 23, 2017, 03:05:00 PM |
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I also think that there is a huge potential of growth, even with the pretty good amount raised i think Utrust value will continue to increase. The project has so much potential, just wait for the platform and see the value skyrocket.
Yes that is correct. My prediction is UTRUST tokens will be one of the hottest cryptocurrency come 2018. I really hope so too. I still think that projects like UTrust are missing in the crypto world and are in need to bring crypto to the "real" world. |
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Cauchy
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November 23, 2017, 03:06:06 PM |
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Can anyone who participated in the sale tell if KYC was informed prior to all investments or if it came as a surprise down the line.
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s4mp1nt0
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November 23, 2017, 03:10:09 PM |
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Can anyone who participated in the sale tell if KYC was informed prior to all investments or if it came as a surprise down the line.
it was announced that they have an KYC for investors last nov.2 i don't know what will happen to the early investors if they don't pass the KYC . |
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ganeshramk
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November 23, 2017, 03:20:27 PM |
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If we dont pass the KYC, do they return the investment?
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Cauchy
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November 23, 2017, 03:20:39 PM |
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Can anyone who participated in the sale tell if KYC was informed prior to all investments or if it came as a surprise down the line.
it was announced that they have an KYC for investors last nov.2 i don't know what will happen to the early investors if they don't pass the KYC . Thanks. As I read in another thread they will require investors to provide KYC to refund their Money. So once you have sent funds it is no way to recieve either tokens or cashback if you do not provide KYC details... |
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alphashotgun
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November 23, 2017, 03:37:11 PM |
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If we dont pass the KYC, do they return the investment?
whats wrong with kyc? |
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the_donald
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November 23, 2017, 03:40:54 PM |
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I also think that there is a huge potential of growth, even with the pretty good amount raised i think Utrust value will continue to increase. The project has so much potential, just wait for the platform and see the value skyrocket.
Yes that is correct. My prediction is UTRUST tokens will be one of the hottest cryptocurrency come 2018. exactly, I have the same opinion don't jump to conclusions just yet. many are predicting 2018 to be a big year for crypto, but if bitcoin takes the headlines again, or ether, alt coins will not grow as much. unless the devs have some yuuuge announcements. |
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