UTRUST

[kraterion]

Please tell me that you'll add NAV, it's fast, low fees and it wil be full anonymous when dual chain system will be fully implemented (also I'm a HODLer and I want a price rise )

[john yuan]

15% of the early token sales, is indeed the driving force of the project. This is good news
At the end of the ICO, I would like to know if 15% of the sales will be allocated (no sales token)
Of course, I also believe that when will be robbed of light

[Sozialtourist]

They raised full amount on pre-ico? (as in the announcement - 1.5 mln usd). For which period they raised this amount?
And when ll be start ICO? Can anyone give me exact date?

Not full amount but, the 15% which was reserved for the Private Investors and Pre-ICO.
The exact date is not yet finalized but it is expected to start in the first week of October.

No, no. I seen this. On 1-st page:
100 mln tokens for private investors (sold)
50 mln - Pre-ICO (sold)

So, they sold all this tokens or only part of them?

Perhaps do you know the exact prices in ETH, USD and BTC for which UTRUST tokens have been sold in pre-ICO and during the initial private funding phase?

Token price for the private round was $0.02, for the pre-sale round it was $0.03 and for the ICO it will be $0.065.

[PS92]

Dear community,

Kakumei here, the official community manager / support.

First of all, let me thank you very much for the support and questions in the past few days. We really appreciate your interest and I aim to answer all your questions every day. Also a big thank you to our community volunteers on the forums, Slack, Discord, Telegram and WeChat. Your continuous efforts make our community as great as it is.

Now, to your questions!

Was thinking that crypto cards like Monaco, Centra and Tenx are very cool but Utrust can be really the big boy here, buyer protection is amust...speaking of crypto cards, are you going to collaborate with them?

We have no such immediate plans but cannot rule out that we would in the long-term.

As far as I know there won't be paid any dividends. Or am I wrong? A problem with coins paying dividends is that it is often very hard for them to get listed on bigger exchanges.

UTRUST will not pay dividends, but I guess you could argue that you have "implied dividends" by us burning token to decrease global supply. It's not though. Think of it as the opposite of inflation in fiat. That's what that is.

If im not mistaken, i heard that bittrex wouldnt accept any dividend coin/token.
But where did you get the information that if you keeping Utrust tokens you will get extra %?

Don't know about Bittrex as they also have Omise and NEO, among other coins. But to make it crystal clear: UTRUST is not paying dividends.

There is some healthy press and video material popping up around UTRUST, so I believe that this may be another one of those success story ICOS that have a good following and also an excellent service/product. I am confident that it will sell out quite fast, even in this bearish market and the China debacles looming over us. Nothing can stock blockchain development now and as a Chinese living abroad I embrace technological advancement as I am sure many of my Chinese countrymen will as well.

Thank you very much!

I still got a question regarding the 1% fee for the buyer and I am still not sure how the convertion of cryptocurrency to fiat works in detail.

If I understand correctly these 1% fee includes, besides a commission for UTrust, the fee that is necessary to convert from crypto to fiat on an exchange. So what happens if I buy something very cheap, maybe only worth $! or something like that and I want to pay with Bitcoin. In this case the 1 % of such a tiny amount won't be enough to convert it to fiat, right?

Isn't this a general problem as long as cryptos got transaction fees? UTrust always has to send the crypto currency from its Escrow to the exchange partner in order to get it converted. Who pays for these transactions? Because as I stated above I guess the 1% fee wont be enough to cover that.

This strongly depends on the currency you are paying with. Bitcoin will naturally be more expensive, while Litecoin, IOTA, NEO etc will be free. Not confirming any currencies here, but there are already free or next to free ones in the wild that can be used. Even Ethereum and Bitcoin working on fixing this.

According to their whitepaper they accept both, ETH and Bitcoin.

This is correct. We accept 0.2+ ETH and 0.02+ BTC contributions in the ICO.

How much did they raise in pre ICO? Is hard to compete right now with the crisis and flood of ICOs, but they have some time to focus on advertising.

Private investors: 100m
Pre-ICO: 50m

https://medium.com/@UTRUST/early-supporter-reward-e9a862208b7f missed early supporter discount. is there still any tier discount when open?

Sorry to hear that! We even extended it by one day (including the 20th as our communication may not have been clear).

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.

Exactly, thanks for sharing!

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?

As already stated: No, no dividends.
We will burn tokens which have implied gains in the long-run.

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

1. We believe so! There are other payment gateways, but no payment platform like UTRUST. Buyer protection is a real deal with us, not provided by any other project so far.
2. No direct competitors, but similar projects that would include Monetha.
3. We will announce more information before, during and after the ICO.

What is the reason for the postponement of the date of the ICO?
Do I need passport data to purchase tokens? Can all countries participate?
And when will I get the tokens?

1. We will release an in-depth medium article in the next week or two explaining why we thought this was the best course of action.
2. Not at this point, but with changing regulation I cannot confirm or deny anything at this point.
3. As per our whitepaper, the tokens will become withdrawable 3 days after the ICO ends.

Which is quite a cool construction.

We think so, too!

But i think the ICO price is still cheaper than in the future when many people are using UTrust.

Pure speculation but we like to think so, too!


As usual, I hope I was of help. I will be back every day to answer all of your questions.

Thank you and have a nice weekend everybody!

Great recap, thanks. Have a great and productive weekend as well.

[magisterr]

Kakumei

Hello, you said, that you dont have any competitors.
But, Monetha making also the same things. Im right or no?

[levyashin]

They raised full amount on pre-ico? (as in the announcement - 1.5 mln usd). For which period they raised this amount?
And when ll be start ICO? Can anyone give me exact date?

Not full amount but, the 15% which was reserved for the Private Investors and Pre-ICO.
The exact date is not yet finalized but it is expected to start in the first week of October.

No, no. I seen this. On 1-st page:
100 mln tokens for private investors (sold)
50 mln - Pre-ICO (sold)

So, they sold all this tokens or only part of them?

Perhaps do you know the exact prices in ETH, USD and BTC for which UTRUST tokens have been sold in pre-ICO and during the initial private funding phase?

Token price for the private round was $0.02, for the pre-sale round it was $0.03 and for the ICO it will be $0.065.

It was a very big bonus. I'm sad that i missed pre-sale.

More than %50 bonus flew away because i was too lazy to check the tread.

[Kakumei]

Kakumei

Hello, you said, that you dont have any competitors.
But, Monetha making also the same things. Im right or no?

Monetha has two major downsides compared to UTRUST.

• Does not offer buyer protection.
• Only accepts ERC-20 (Ethereum) currencies, we will accept all major cryptos over time.

Hope this helps!

[Voltaje]

Good to know the tokens don't have any dividend.

The influence on the price of Bittrex is too important in comparison to the dividends that token can offer.

Well, yeah, the amount of utrust won't give many dividends unless you have a HUGE amount, so that is what I think the reason they didn't go that route, it wouldn't get the token much value, it is better to increase its value with scarcity, burning tokens is a better solution, plus it will give the token an open door to some exchanges like Bitrrex.

[kraterion]

And like I said before, buyer protection is the first selling point in my opinion, it's the most important thing for mass adoption

[dave111223]

How much has been collected as of now ?

[Korsakopf]

Kakumei

Hello, you said, that you dont have any competitors.
But, Monetha making also the same things. Im right or no?

Monetha has two major downsides compared to UTRUST.

• Does not offer buyer protection.
• Only accepts ERC-20 (Ethereum) currencies, we will accept all major cryptos over time.

Hope this helps!

And buyer protection is what is really needed if you want mainstream adoption i feel.

[Drokzid]

Kakumei

Hello, you said, that you dont have any competitors.
But, Monetha making also the same things. Im right or no?

Monetha has two major downsides compared to UTRUST.

• Does not offer buyer protection.
• Only accepts ERC-20 (Ethereum) currencies, we will accept all major cryptos over time.

Hope this helps!

Buyer protection is the key for mainstream adaption imho. Because of the "normal", non-techie people out there are so scared about crypto currencies as a means of payment. Would really help crypto in general if there would be some effort to take fear of the people to build a bridge between crypto and normal payment systems.

[magisterr]

Kakumei

Thank you for answer.
What buyer protection you ll have?  

[criptix]

How much has been collected as of now ?

Presale to private investors and pre-ico already concluded 150million tokens has been sold for a total of 3.5mln$
That's a total of 15% of a billion tokens, 700mln is still reserved for the ICO  for a total of 49mln$
more info : https://utrust.io/ico

[Kakumei]

Kakumei

Thank you for answer.
What buyer protection you ll have?  

Anytime! This is actually very well explained in the Whitepaper so I'd suggest you read the part that describes this. In a nutshell it is a moderated escrow service.

How much has been collected as of now ?

2 million from private investors @ 2 cents
1.5 million from the pre-ICO @ 3 cents

[haxllega]

They raised full amount on pre-ico? (as in the announcement - 1.5 mln usd). For which period they raised this amount?
And when ll be start ICO? Can anyone give me exact date?

Not full amount but, the 15% which was reserved for the Private Investors and Pre-ICO.
The exact date is not yet finalized but it is expected to start in the first week of October.

No, no. I seen this. On 1-st page:
100 mln tokens for private investors (sold)
50 mln - Pre-ICO (sold)

So, they sold all this tokens or only part of them?

Perhaps do you know the exact prices in ETH, USD and BTC for which UTRUST tokens have been sold in pre-ICO and during the initial private funding phase?

Token price for the private round was $0.02, for the pre-sale round it was $0.03 and for the ICO it will be $0.065.

Oh that was really big bonus the ones who invested early will make a high profit. I think this bonus was maybe even a little bit too high but who knows maybe it helped at the start to increase awareness.

[Heimer]

They raised full amount on pre-ico? (as in the announcement - 1.5 mln usd). For which period they raised this amount?
And when ll be start ICO? Can anyone give me exact date?

Not full amount but, the 15% which was reserved for the Private Investors and Pre-ICO.
The exact date is not yet finalized but it is expected to start in the first week of October.

No, no. I seen this. On 1-st page:
100 mln tokens for private investors (sold)
50 mln - Pre-ICO (sold)

So, they sold all this tokens or only part of them?

Perhaps do you know the exact prices in ETH, USD and BTC for which UTRUST tokens have been sold in pre-ICO and during the initial private funding phase?

Token price for the private round was $0.02, for the pre-sale round it was $0.03 and for the ICO it will be $0.065.

Oh that was really big bonus the ones who invested early will make a high profit. I think this bonus was maybe even a little bit too high but who knows maybe it helped at the start to increase awareness.

Many ico have that high bonuses because it's allow them for bigger marketing campaign and covering administrative costs. It's a standard procedure that early adopters benefit the most

[the_donald]

Kakumei

Thank you for answer.
What buyer protection you ll have?  

Anytime! This is actually very well explained in the Whitepaper so I'd suggest you read the part that describes this. In a nutshell it is a moderated escrow service.

How much has been collected as of now ?

2 million from private investors @ 2 cents
1.5 million from the pre-ICO @ 3 cents

that's not bad. will you guys work on the project even if you don't achieve the cap?

[matjas]

They raised full amount on pre-ico? (as in the announcement - 1.5 mln usd). For which period they raised this amount?
And when ll be start ICO? Can anyone give me exact date?

Not full amount but, the 15% which was reserved for the Private Investors and Pre-ICO.
The exact date is not yet finalized but it is expected to start in the first week of October.

No, no. I seen this. On 1-st page:
100 mln tokens for private investors (sold)
50 mln - Pre-ICO (sold)
So, they sold all this tokens or only part of them?

Perhaps do you know the exact prices in ETH, USD and BTC for which UTRUST tokens have been sold in pre-ICO and during the initial private funding phase?

Token price for the private round was $0.02, for the pre-sale round it was $0.03 and for the ICO it will be $0.065.

Oh that was really big bonus the ones who invested early will make a high profit. I think this bonus was maybe even a little bit too high but who knows maybe it helped at the start to increase awareness.

Theoretically they wont be in a profit until this coin goes to exchange and somebody will be willing to pay 0.065$ for it. But lets hope this will happen after ICO and will go even higher after.

[Korsakopf]

I've asked this before here and maybe i missed an answer in the mean time, but i would really like to know what preliminary work/networking is being done right now to ensure adoption by sellers once the ICO is done.