UTRUST

[the_donald]

Just found out about this project and looks very great!
Doing all online payments with crytocurrencies is the future , UTRUST can make this all happen!

Will be digging into this project!
Keep it up

It's not the first and only project to do this, but it is promising if the dev's can deliver.

[bitcoin-shark]

Own token is ERC20, right? How come that it doesn't charge fees? Are they paid by UTRUST itself? If no, enlight me please

Yes, it's an ERC-20 token. What do you mean by no fees - when making a purchase with UTRUST tokens?

Don't Erc tokens need some gas to move it? Utrust is using ethereum blockchain so there should be some fee for transactions?

to move Utrust token from an ethereum wallet you will need for sure some gas/fee...

[kraterion]

Ok I just got an idea of the whole project, I like very much the buyer protection and low fees, maybe I'll invest in this

[batako]

How long will the transaction take? when I buy goods on the Internet.
This is a very important point, because crypto-currencies have greater volatility.

It should be instant if we use utrust token when we bought some stuffs on the net. But if we pay it with other cryptos, it could take some time, depends on the coins network.

[maursader]

The idea is awesome. So many people want to invest with good old fiat and do not know how to handle the risk. But how much is your commission rather the fee?

[Drokzid]

The idea is awesome. So many people want to invest with good old fiat and do not know how to handle the risk. But how much is your commission rather the fee?

As a seller you must pay a 1% fee of the transaction amount. They seem to be good connected to multiple exchange providers to keep the fee for buysers as low as possible. Just have a look at their whitepaper. They explain it very good in there.

[cantdecide]

In my opinion the choice of paying fees or not for Paypal is not a bad one. If someone don't know the seller or whoevery, fees and with this the protection is very useful, but my mainproblem for this is that the seller have to pay them. Instead they should be charged from the buyer. Well at least in this special case.

Why not split the fee? From a neutral point of view, both the buyer and the seller cannot be trusted. The seller is exposed to the risk of chargeback and unreasonable refunds, and the buyer is risking that the seller doesn't ship the product or a faulty one.

With Utrust both are at least partially solved: the money cannot be charged back and the money is held in escrow, giving the buyer time to inspect the products.

Of course, splitting would also be an option. Well but even with escrow you have the same situation like in Paypal. You can't charge back and everything is fine. The seller for example can also provide sending documents, also the buyer can give informations about a missing or demaged product, if something is wrong. Same goes for UTrust here where you need to find a solution in "escalated" situation.

I think UTrust would be a great alternative with lower fees for especially merchants, but that's for example most interesting if you use UTrust tokens with no fee on the platform.

[Korsakopf]

Own token is ERC20, right? How come that it doesn't charge fees? Are they paid by UTRUST itself? If no, enlight me please

Yes, it's an ERC-20 token. What do you mean by no fees - when making a purchase with UTRUST tokens?

Don't Erc tokens need some gas to move it? Utrust is using ethereum blockchain so there should be some fee for transactions?

Every ERC-20 token needs gas to move it. It's the specification of Ethereum blockchain and it can't be avoided so UTRUST will also need some eth to transfer it

That was a good question, i didn't even think about that. But i know Vitalek (Ethereum) is working on reducing fee by a lot. Just look at one of his recent tweets (https://twitter.com/VitalikButerin/status/909826646483509248) They are working on several changes to make this happen.

[cantdecide]

Own token is ERC20, right? How come that it doesn't charge fees? Are they paid by UTRUST itself? If no, enlight me please

Yes, it's an ERC-20 token. What do you mean by no fees - when making a purchase with UTRUST tokens?

Don't Erc tokens need some gas to move it? Utrust is using ethereum blockchain so there should be some fee for transactions?

Every ERC-20 token needs gas to move it. It's the specification of Ethereum blockchain and it can't be avoided so UTRUST will also need some eth to transfer it

That was a good question, i didn't even think about that. But i know Vitalek (Ethereum) is working on reducing fee by a lot. Just look at one of his recent tweets (https://twitter.com/VitalikButerin/status/909826646483509248) They are working on several changes to make this happen.

I think they mean no plarform fee's like if you would use other cryptos. The transaction fees for each crypto will always be there, I asked this before. Dev also said he will explain it more detailed later.

[dizzy1996]

When will ico start? Me and some of my friends wanted to join for that time. If it is in early October I will collect the rest of the money to join in this project. I got some good news from some of my friends to join for this Utrust ico. Good luck

Good evening, I will be pleased to answer your question the exact date of ICO is not known approximate date is the beginning of October 2017

[dizzy1996]

This looks like a great project. Hopefully better things come out of it

I greet you agree with you excellent prospective project of analogues to which there is no excellent system and an excellent team of professionals will do their best for ICO

[Voltaje]

Own token is ERC20, right? How come that it doesn't charge fees? Are they paid by UTRUST itself? If no, enlight me please

Yes, it's an ERC-20 token. What do you mean by no fees - when making a purchase with UTRUST tokens?

Don't Erc tokens need some gas to move it? Utrust is using ethereum blockchain so there should be some fee for transactions?

Every ERC-20 token needs gas to move it. It's the specification of Ethereum blockchain and it can't be avoided so UTRUST will also need some eth to transfer it

That was a good question, i didn't even think about that. But i know Vitalek (Ethereum) is working on reducing fee by a lot. Just look at one of his recent tweets (https://twitter.com/VitalikButerin/status/909826646483509248) They are working on several changes to make this happen.

I think they mean no plarform fee's like if you would use other cryptos. The transaction fees for each crypto will always be there, I asked this before. Dev also said he will explain it more detailed later.

I explained this before, Utrust is not charging fees for CONVERTIONS, when you convert your currencies or cryptocurrencies to Utrust token, but they are charging fees for TRANSACTIONS in general, when you sell or buy with utrust, the fee that goes to utrust for the transaction already includes the gas for the ethereum blockchain, and I imagine that the other blockchain has their own fees as well.

[mike0182]

Interesting project with an original idea. I think he has a bright future!

[kraterion]

Are you already in contact with some merchants / online shops to integrate Utrust right after client API release in q3 2018 ?

[ParRus]

hi guys. i found this great video conference with answering some of the community's questions
https://www.youtube.com/watch?v=5r1txwwu7bc

[FIEX]

Are you already in contact with some merchants / online shops to integrate Utrust right after client API release in q3 2018 ?

Would be great if you can announce some online shops that are interested in using Utrust.
This will certainly attract some investors.

[greatteager]

I correctly understood that if I keep tokens Utrust I'll get extra % ?
And what will be the fee for payment by other crypto-currencies?

[sockpuppet1911]

Are you already in contact with some merchants / online shops to integrate Utrust right after client API release in q3 2018 ?

Would be great if you can announce some online shops that are interested in using Utrust.
This will certainly attract some investors.

Yeah, listing some names or even hinting about them would surely work in terms of rising the amount you collect via initial coin offering.

[Sozialtourist]

Own token is ERC20, right? How come that it doesn't charge fees? Are they paid by UTRUST itself? If no, enlight me please

Yes, it's an ERC-20 token. What do you mean by no fees - when making a purchase with UTRUST tokens?

Don't Erc tokens need some gas to move it? Utrust is using ethereum blockchain so there should be some fee for transactions?

Every ERC-20 token needs gas to move it. It's the specification of Ethereum blockchain and it can't be avoided so UTRUST will also need some eth to transfer it

That was a good question, i didn't even think about that. But i know Vitalek (Ethereum) is working on reducing fee by a lot. Just look at one of his recent tweets (https://twitter.com/VitalikButerin/status/909826646483509248) They are working on several changes to make this happen.

I think they mean no plarform fee's like if you would use other cryptos. The transaction fees for each crypto will always be there, I asked this before. Dev also said he will explain it more detailed later.

I explained this before, Utrust is not charging fees for CONVERTIONS, when you convert your currencies or cryptocurrencies to Utrust token, but they are charging fees for TRANSACTIONS in general, when you sell or buy with utrust, the fee that goes to utrust for the transaction already includes the gas for the ethereum blockchain, and I imagine that the other blockchain has their own fees as well.

The 1% fee that the buyer has to pay includes the commission for UTrust and the cost of converting the crypto currency on an exchange to the fiat amount the seller gets.

[greatteager]

Are you the first on the market with this idea?
Do you have any competitors?
What are your partners?
Thanks