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Author Topic: UTRUST  (Read 313889 times)
jukKas
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October 05, 2017, 07:15:27 PM
 #2661

So ICO have started on 20th of september as roadmap states? Is there gonna be any soft/hard caps?

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ynatopak14
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October 05, 2017, 07:17:24 PM
 #2662

So ICO will start on 20th of october as roadmap states? Is there gonna be any soft/hard caps?
IT can be earlier! as it says on the website it will be announce on the 1st week of the month (October ), soft cap of 10 million USD but will result i think to a sold out ( I THINK) !
Jay2408
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October 05, 2017, 07:27:36 PM
 #2663

So ICO will start on 20th of october as roadmap states? Is there gonna be any soft/hard caps?
IT can be earlier! as it says on the website it will be announce on the 1st week of the month (October ), soft cap of 10 million USD but will result i think to a sold out ( I THINK) !

Sold out would mean they reach hard cap which is 49M $. This is quite a huge amount and I'm not sure that they can raise so much money. But I think they will reach soft cap easily, especially for having raised already 3.5M $ in pre ICO

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haxllega
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October 05, 2017, 07:43:57 PM
 #2664

They will accept only main cryptopayments, as I understand from their whitepaper. But I hope they will add fiat also in future. Or may be they will make convenient mechanismfor exchange fiat to cryptocurencies and conversely? Who knows?

This is a cryptocurrency online payment system, so they will only accept Crypto Of course. I think it is not a good idea that UTRUST will add fiat for payment. If that will happen, it will become centralized.
They could add an automatic fiat to bitcoin exchange in their application then it will be decentralized again.

contactmike1
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October 05, 2017, 07:59:45 PM
 #2665

I will support any project of popularizing the cryptopayment. Good luck
Rigorous
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October 05, 2017, 08:02:01 PM
 #2666

They will accept only main cryptopayments, as I understand from their whitepaper. But I hope they will add fiat also in future. Or may be they will make convenient mechanismfor exchange fiat to cryptocurencies and conversely? Who knows?

This is a cryptocurrency online payment system, so they will only accept Crypto Of course. I think it is not a good idea that UTRUST will add fiat for payment. If that will happen, it will become centralized.
They could add an automatic fiat to bitcoin exchange in their application then it will be decentralized again.

With all those currency exchanges involved in the process I wonder how sustainable the low transactions fees UTRUST claims really are. I have to recheck the whitepaper to see how it works and if I overlooked something.
Sozialtourist
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October 05, 2017, 08:15:33 PM
 #2667

They will accept only main cryptopayments, as I understand from their whitepaper. But I hope they will add fiat also in future. Or may be they will make convenient mechanismfor exchange fiat to cryptocurencies and conversely? Who knows?

This is a cryptocurrency online payment system, so they will only accept Crypto Of course. I think it is not a good idea that UTRUST will add fiat for payment. If that will happen, it will become centralized.
They could add an automatic fiat to bitcoin exchange in their application then it will be decentralized again.

With all those currency exchanges involved in the process I wonder how sustainable the low transactions fees UTRUST claims really are. I have to recheck the whitepaper to see how it works and if I overlooked something.

Don't you think the 1% commission and exchange conversion fees the buyer has to pay will be enough to cover all the costs?
Korsakopf
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October 05, 2017, 08:24:57 PM
 #2668

They will accept only main cryptopayments, as I understand from their whitepaper. But I hope they will add fiat also in future. Or may be they will make convenient mechanismfor exchange fiat to cryptocurencies and conversely? Who knows?

This is a cryptocurrency online payment system, so they will only accept Crypto Of course. I think it is not a good idea that UTRUST will add fiat for payment. If that will happen, it will become centralized.
They could add an automatic fiat to bitcoin exchange in their application then it will be decentralized again.

With all those currency exchanges involved in the process I wonder how sustainable the low transactions fees UTRUST claims really are. I have to recheck the whitepaper to see how it works and if I overlooked something.

Don't you think the 1% commission and exchange conversion fees the buyer has to pay will be enough to cover all the costs?

It really depends on the volume, the amount of payments there will be. If you have a lot of payments, that 1% can really add up. But i can see rigorous's point. With the parnership with SOMA they at least already have one marketplace where their payment system will be implemented.
ParRus
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October 05, 2017, 08:29:03 PM
 #2669

They will accept only main cryptopayments, as I understand from their whitepaper. But I hope they will add fiat also in future. Or may be they will make convenient mechanismfor exchange fiat to cryptocurencies and conversely? Who knows?

This is a cryptocurrency online payment system, so they will only accept Crypto Of course. I think it is not a good idea that UTRUST will add fiat for payment. If that will happen, it will become centralized.
They could add an automatic fiat to bitcoin exchange in their application then it will be decentralized again.

With all those currency exchanges involved in the process I wonder how sustainable the low transactions fees UTRUST claims really are. I have to recheck the whitepaper to see how it works and if I overlooked something.

Don't you think the 1% commission and exchange conversion fees the buyer has to pay will be enough to cover all the costs?

It really depends on the volume, the amount of payments there will be. If you have a lot of payments, that 1% can really add up. But i can see rigorous's point. With the parnership with SOMA they at least already have one marketplace where their payment system will be implemented.
yes it will be very convenient and today for two projects, I think the commission will be minimal, for people this is a very good proposal
ynatopak14
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October 05, 2017, 08:54:31 PM
 #2670

about the FIAT and asking bout those credit card and debit! utrust need sometime for it! what are they preparing now is the coming ICO after the first week of October! once all done and they start it! it will easily be added on the feature! so keep your temper calm
TOTALLY right! lets give the dev and the project a good place to breath, let them have a good days of rest and ICO! then after it they will surely do what ever thay can to spread the project and have more platforms!
FIEX
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October 05, 2017, 09:02:10 PM
 #2671

about the FIAT and asking bout those credit card and debit! utrust need sometime for it! what are they preparing now is the coming ICO after the first week of October! once all done and they start it! it will easily be added on the feature! so keep your temper calm
TOTALLY right! lets give the dev and the project a good place to breath, let them have a good days of rest and ICO! then after it they will surely do what ever thay can to spread the project and have more platforms!

But it would be nice if the devs would inform the community about the ICO date.
We are still waiting for more info... everyone is getting nervous. My ETH is now just sitting there :p

Cant wait to see this go live (crowdsale)!
Hope to hear soon from the devs.
Elkmar
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October 05, 2017, 09:04:42 PM
 #2672

about the FIAT and asking bout those credit card and debit! utrust need sometime for it! what are they preparing now is the coming ICO after the first week of October! once all done and they start it! it will easily be added on the feature! so keep your temper calm
TOTALLY right! lets give the dev and the project a good place to breath, let them have a good days of rest and ICO! then after it they will surely do what ever thay can to spread the project and have more platforms!

But it would be nice if the devs would inform the community about the ICO date.
We are still waiting for more info... everyone is getting nervous. My ETH is now just sitting there :p

Cant wait to see this go live (crowdsale)!
Hope to hear soon from the devs.

Well we already know it will be really soon. Just the exact day that they need to announce.
Rigorous
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October 05, 2017, 09:05:39 PM
 #2673

They will accept only main cryptopayments, as I understand from their whitepaper. But I hope they will add fiat also in future. Or may be they will make convenient mechanismfor exchange fiat to cryptocurencies and conversely? Who knows?

This is a cryptocurrency online payment system, so they will only accept Crypto Of course. I think it is not a good idea that UTRUST will add fiat for payment. If that will happen, it will become centralized.
They could add an automatic fiat to bitcoin exchange in their application then it will be decentralized again.

With all those currency exchanges involved in the process I wonder how sustainable the low transactions fees UTRUST claims really are. I have to recheck the whitepaper to see how it works and if I overlooked something.

Don't you think the 1% commission and exchange conversion fees the buyer has to pay will be enough to cover all the costs?

I wonder why the competition has such high fees. If it is so easy to decrease the fees as UTRUST claims, then why has no competitor been able to beat PayPal in all those years? So far UTRUST is just theory. I worry that when UTRUST is actually online they might hit upon unforeseen expenditure and have to raise the fees.
Trrrt
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October 05, 2017, 09:09:20 PM
 #2674

I think information about the ico will come very soon, in the following days. Devs said that they will annonce it first week of October, so this week. I know we are a lot to wait the news but we will have it very soon !
Im sure that the ico will be a great sucess, the soft cap will be hitted really fast.
Phash2k
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October 05, 2017, 09:12:50 PM
 #2675

I think information about the ico will come very soon, in the following days. Devs said that they will annonce it first week of October, so this week. I know we are a lot to wait the news but we will have it very soon !
Im sure that the ico will be a great sucess, the soft cap will be hitted really fast.

PayPal has the advantage of being the first at the table... so ...

Crypto-Beratung und Hilfe bei allen möglichen Crypto-Projekten oder Problemen! https://phash.de
Islapdonkey
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October 05, 2017, 09:17:30 PM
 #2676

about the FIAT and asking bout those credit card and debit! utrust need sometime for it! what are they preparing now is the coming ICO after the first week of October! once all done and they start it! it will easily be added on the feature! so keep your temper calm
TOTALLY right! lets give the dev and the project a good place to breath, let them have a good days of rest and ICO! then after it they will surely do what ever thay can to spread the project and have more platforms!

Not totally right. The idea is to do your due diligence before investing in any ICO, and if you utilizing crowdfunding to finance your buisness, then you should be ready to provide potential investors with all past/current and future information related to your company.

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  Semux uses 100% original codebase
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Rigorous
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October 05, 2017, 09:28:45 PM
 #2677

I think information about the ico will come very soon, in the following days. Devs said that they will annonce it first week of October, so this week. I know we are a lot to wait the news but we will have it very soon !
Im sure that the ico will be a great sucess, the soft cap will be hitted really fast.

PayPal has the advantage of being the first at the table... so ...

AOL has the advantage of being the first...
Netscape has the advantage of being the first...
Yahoo has the advantage of being the first...
MySpace has advantage of being the first...

Should I go on? Smiley
Sozialtourist
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October 05, 2017, 09:31:16 PM
 #2678

They will accept only main cryptopayments, as I understand from their whitepaper. But I hope they will add fiat also in future. Or may be they will make convenient mechanismfor exchange fiat to cryptocurencies and conversely? Who knows?

This is a cryptocurrency online payment system, so they will only accept Crypto Of course. I think it is not a good idea that UTRUST will add fiat for payment. If that will happen, it will become centralized.
They could add an automatic fiat to bitcoin exchange in their application then it will be decentralized again.

With all those currency exchanges involved in the process I wonder how sustainable the low transactions fees UTRUST claims really are. I have to recheck the whitepaper to see how it works and if I overlooked something.

Don't you think the 1% commission and exchange conversion fees the buyer has to pay will be enough to cover all the costs?

I wonder why the competition has such high fees. If it is so easy to decrease the fees as UTRUST claims, then why has no competitor been able to beat PayPal in all those years? So far UTRUST is just theory. I worry that when UTRUST is actually online they might hit upon unforeseen expenditure and have to raise the fees.

I see most of the problems for this in transactions with a low value. Maybe Utrust cannot hold its promises and have to add a fixed fee here for these transactions to cover costs for the currency exchanges.
Islapdonkey
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October 05, 2017, 09:31:46 PM
 #2679

They will accept only main cryptopayments, as I understand from their whitepaper. But I hope they will add fiat also in future. Or may be they will make convenient mechanismfor exchange fiat to cryptocurencies and conversely? Who knows?

This is a cryptocurrency online payment system, so they will only accept Crypto Of course. I think it is not a good idea that UTRUST will add fiat for payment. If that will happen, it will become centralized.
They could add an automatic fiat to bitcoin exchange in their application then it will be decentralized again.

With all those currency exchanges involved in the process I wonder how sustainable the low transactions fees UTRUST claims really are. I have to recheck the whitepaper to see how it works and if I overlooked something.

Don't you think the 1% commission and exchange conversion fees the buyer has to pay will be enough to cover all the costs?

I wonder why the competition has such high fees. If it is so easy to decrease the fees as UTRUST claims, then why has no competitor been able to beat PayPal in all those years? So far UTRUST is just theory. I worry that when UTRUST is actually online they might hit upon unforeseen expenditure and have to raise the fees.
yeah, I think this is akin to a politician making promises to earn the vote and post winning, will try to deliver on the aforementioned promise but in a case where it's unattainable, it's whatever, cos the post has already been won.
 I think Utrust is saying whatever to align themselves in a position to have a successful ICO which hopefully will lead to viable platform. Post platform debut, promises will be modified to reflect current market standard.

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.SEMUX
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  Semux uses 100% original codebase
  Superfast with 30 seconds instant finality
  Tested 5000 tx per block on open network
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Heimer
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October 05, 2017, 09:35:54 PM
 #2680

I think information about the ico will come very soon, in the following days. Devs said that they will annonce it first week of October, so this week. I know we are a lot to wait the news but we will have it very soon !
Im sure that the ico will be a great sucess, the soft cap will be hitted really fast.

PayPal has the advantage of being the first at the table... so ...
So what? IBM was first but now Microsoft and Apple rule whole market. In payment industry winner will be determined by quality and affordability of it's services
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