UTRUST

[rejosh]

Dev ,,, when you will announce the date of ICO, I have seen the sale of pre-sale and pre-ICO, and the results you get are amazing

September, 20 at 4pm GMT is the first ico round. The first round is got a cap of 4 million. I think that will be sold in seconds.

[rejosh]

  I've been watching this from the start and have a question. I be live back in an early post it said that US buyers couldn't get in on this. Is that right?

They won’t allow US investors due to the US law

[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.

[Palakka]

Dev ,,, when you will announce the date of ICO, I have seen the sale of pre-sale and pre-ICO, and the results you get are amazing

At the moment is presale and september will be start round 1
I just think this project is very much total supply. So I Think is very hard the token all sold in ICO.

[gielbier]

Dev ,,, when you will announce the date of ICO, I have seen the sale of pre-sale and pre-ICO, and the results you get are amazing

you can see on previous page
ICO will start on 20th September at 4pm GMT

[deerhunter]

  I've been watching this from the start and have a question. I be live back in an early post it said that US buyers couldn't get in on this. Is that right?

They won’t allow US investors due to the US law

The Big Banks had a hand in that one.

[Kakumei]

Thank you very much, everybody, for keeping this thread updated.

We are very sorry for not being too active here, this is changing with immediate effect.

We are thrilled to say that our Pre-ICO was fully funded in less than 90 minutes!

With over 1100 backers, over 3000 people registering in the 2 hours before the Pre-ICO, and reaching over $1.5 MM; this token crowdsale was a truly impressive show of your engagement with UTRUST, and we can't thank you enough for that!

Our goal was surpassed, so we will be refunding the transactions that put us past that, but if you see your tokens in the dashboard, congratulations - you made it to the Pre-ICO!

This funding allowed us to secure a schedule for technical development, strategic partnerships, and further marketing initiatives.

We are overwhelmed by your interest and support, and are extremely proud of our community feedback so far, but also fully aware of our responsibility. The demand was tremendous, our servers and support were flooded and we were barely able deal with the demand. Some of you felt these problems first hand and we want to thank you for your patience and trust. We learned a lot with this Pre-ICO and we are already working to make sure the ICO will run smoothly.

Despite the blitz crowdsale, we are aware that many more of you are still eager to join, and could not do so during this round. The next chance to join us is Round 1 of the ICO, which will start at September, 20 at 4pm GMT. This Round will have a substantially higher cap of $4 MM, and provide a wider window of opportunity for all. The 7 ICO rounds will bring us to $50 MM of funding, and provide the launchpad to revolutionize the payments space.

Next ICO round:
20 September 2017 @ $0.04 per token


Thanks again for your overwhelming support!

The UTRUST TEAM

[rejosh]

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.

Well said mate I have copied and posted this in the altcoin discussion. 

[Dcrstats]

Waiting for the next ICO round.
I was lucky to get few tokens during pre-ICO and going to pick-up more tokens during $0.04 round

[rejosh]

Waiting for the next ICO round.
I was lucky to get few tokens during pre-ICO and going to pick-up more tokens during $0.04 round

me too i am waiting to grab some more

[YaseenMosa]

Decent venture. I consider Utrust to be one of the activities that will be fruitful. I figure financial specialists will be cheerful.

[Steve1943]

Dev ,,, when you will announce the date of ICO, I have seen the sale of pre-sale and pre-ICO, and the results you get are amazing

September, 20 at 4pm GMT is the first ico round. The first round is got a cap of 4 million. I think that will be sold in seconds.

My rough calculations suggest ICO round 1 could be filled by pre-ico crowd alone, if you include also those who submitted after the 87-minute cut-off.

[disbil]

pre ico completed in the near future, this project is going to prove successful and very promising. the maximum target for larger I think the ico will not be easy to achieve maximum sales. I will join in the slack to see the progression of this project

[CyNotes]

Dev ,,, when you will announce the date of ICO, I have seen the sale of pre-sale and pre-ICO, and the results you get are amazing

you can see on previous page
ICO will start on 20th September at 4pm GMT

Bounty campaign is still ongoing?

[Kakumei]

Bounty campaign is still ongoing?

You can find all details of the bounty campaign here:
https://bitcointalk.org/index.php?topic=2078526.0

My rough calculations suggest ICO round 1 could be filled by pre-ico crowd alone, if you include also those who submitted after the 87-minute cut-off.

Agree, our community is growing every day and the feedback we had of people saying they want to get more tokens in the next ICO round is overwhelming. We're very confident that the ICO rounds will sell out quickly for this reason. 👍

pre ico completed in the near future, this project is going to prove successful and very promising. the maximum target for larger I think the ico will not be easy to achieve maximum sales. I will join in the slack to see the progression of this project

Please do! We're currently ramping up our marketing campaigns to raise awareness and are hopefully sell out the ICO rounds as soon as possible.

Seems a legit project. Following it.

Decent venture. I consider Utrust to be one of the activities that will be fruitful. I figure financial specialists will be cheerful.

Thanks for the support, if you have any question, I'm here to help.

[Taya Afi]

Hello. I have doubts about the availability of a wallet from the project. Can you confirm its availability and fillability? I think that it is very suspicious that you collected such a large amount and did not show the transaction and the wallet fullness.

[Kakumei]

Hello. I have doubts about the availability of a wallet from the project. Can you confirm its availability and fillability? I think that it is very suspicious that you collected such a large amount and did not show the transaction and the wallet fullness.

Hi Taya,

Thank you for your question, I will elaborate on this in a bit more detail.

First of all, let me say that I completely understand your concern. However, as per our whitepaper (page 38), we do not hold any cryptocurrencies due to risks of volatility. Plus, the cryptocurrencies held are spread over thousands of addresses (a unique address per participant).

Here is the quote from the whitepaper:

Security
Our system is designed taking into account the recent events of wallet theft in ICO. This will be mitigated by circulating the currency between multiple addresses and converting a significant amount of the ICO to fiat.

I hope this helps!

[Taya Afi]

Hello. I have doubts about the availability of a wallet from the project. Can you confirm its availability and fillability? I think that it is very suspicious that you collected such a large amount and did not show the transaction and the wallet fullness.

Hi Taya,

Thank you for your question, I will elaborate on this in a bit more detail.

First of all, let me say that I completely understand your concern. However, as per our whitepaper (page 38), we do not hold any cryptocurrencies due to risks of volatility. Plus, the cryptocurrencies held are spread over thousands of addresses (a unique address per participant).

Here is the quote from the whitepaper:

Security
Our system is designed taking into account the recent events of wallet theft in ICO. This will be mitigated by circulating the currency between multiple addresses and converting a significant amount of the ICO to fiat.

I hope this helps!

Kakumei thank you for your early reply. I really like this project and its main idea. I am interested in participating in it. I registered with the PRE-IKO. However, during the sale, I did not see the main wallet, the list of transactions and its fullness. There was a feeling that very visibly the sales were created professionally. Where do you store the collected data? Do you have links to these wallets?

  Thanks for the answer.

[yeniruieni]

I guess security system being used now is pretty good. I'm sure atlant team has prepared all this well. Hopefully this project will bring good luck and I will always support. good luck

[Kakumei]

Kakumei thank you for your early reply. I really like this project and its main idea. I am interested in participating in it. I registered with the PRE-IKO. However, during the sale, I did not see the main wallet, the list of transactions and its fullness. There was a feeling that very visibly the sales were created professionally. Where do you store the collected data? Do you have links to these wallets?

  Thanks for the answer.

Hi Taya!

Unfortunately, the list of wallets is in complete automation (i.e. we do not take care of this manually, but our algorithms do). For every user that registers we generate a Bitcoin and an Ethereum wallet. So there are thousands of wallets (completely automated) and we convert the majority of those immediately to fiat to protect everybody's investment from market volatility.

Rest assured that we are doing everything in our power to protect yours and our funds. Particularly in light of recent events. Having a single big wallet makes you and us vulnerable.

I hope you understand!