UTRUST

[Heimer]

Will UTRUST sell the collected ETH funds for fiat or will development and other investments be payed in ETH?

My opinion : FIAT.
Even bitcoin is still not accepted as a currency everywhere, what can ETH do? (for now).

But you can exchange Bitcoin to Fiat same goes to eth. the project will expand and potential growth is on its way. might as well wait for a good announcement from them.

Speaking of exchanging, would UTRUST display the actual exchange rate in the web widgets? I think it would be good for transparency to show an overview of all the exchange rates and transaction fees at checkout too.

I like this idea. This feature won't be too complicated to implement on utrust platform.

[lionheart78]

Will UTRUST sell the collected ETH funds for fiat or will development and other investments be payed in ETH?

My opinion : FIAT.
Even bitcoin is still not accepted as a currency everywhere, what can ETH do? (for now).

But you can exchange Bitcoin to Fiat same goes to eth. the project will expand and potential growth is on its way. might as well wait for a good announcement from them.

Speaking of exchanging, would UTRUST display the actual exchange rate in the web widgets? I think it would be good for transparency to show an overview of all the exchange rates and transaction fees at checkout too.

I like this idea. This feature won't be too complicated to implement on utrust platform.

That is the beauty of UTRUST, a multicurrency mini exchange payment platform with seller and buyer protection mechanism. I mean, who could resist that?  

Some jealous start up crypto project and people who are die hard fan of them?  Utrust cannot please everybody and  since they had implemented KYC and AML rule (which is great in my point of view) there will be others that will be turned off by this action .  Or probably these people are afraid of something to be found out that have connection with their identity.

[greatteager]

Why ICO was postponed to November 2? Still waiting for a month almost

[lionheart78]

Why ICO was postponed to November 2? Still waiting for a month almost

It was not postponed, it was scheduled.  The Utrust team had made an announcement about changing the date and ICO structure way back month ago.  They believe that if they will follow the old system, whales will definitely snatch the early stage ICO and leave the normal investors with the last stage of ICO(whales getting the cheaper token and normal investors the higher priced one).  Aside from that announcing it a month before the ICO will enable investors to gather fund before the set date.

[ParRus]

Why ICO was postponed to November 2? Still waiting for a month almost

It was not postponed, it was scheduled.  The Utrust team had made an announcement about changing the date and ICO structure way back month ago.  They believe that if they will follow the old system, whales will definitely snatch the early stage ICO and leave the normal investors with the last stage of ICO(whales getting the cheaper token and normal investors the higher priced one).  Aside from that announcing it a month before the ICO will enable investors to gather fund before the set date.

I think they made the right decision, can not be resolved for whales to make any manipulations, it will be better if more people can buy UTRUST tokens

[lionheart78]

Why ICO was postponed to November 2? Still waiting for a month almost

It was not postponed, it was scheduled.  The Utrust team had made an announcement about changing the date and ICO structure way back month ago.  They believe that if they will follow the old system, whales will definitely snatch the early stage ICO and leave the normal investors with the last stage of ICO(whales getting the cheaper token and normal investors the higher priced one).  Aside from that announcing it a month before the ICO will enable investors to gather fund before the set date.

I think they made the right decision, can not be resolved for whales to make any manipulations

I do think too.  Guess what, its been a talk on the telegram about KYC and AML, they said that recent and previous ICO investors are subject to AML and KYC , and those who does not comply are subject to scrutiny.  Great thing that UTRUST will implement this stuff.  I can see the future legit ICO with this kind of ruling.  Seem we can see a cleaner ICO in the future starting with this one

[SEELE^^01]

Why ICO was postponed to November 2? Still waiting for a month almost

they partnered with the soma project, therefore had to reshedule everything and start the ico a little bit later. imo this is great news and will add more new investors into this project.

lets wait and stay patient on this ico

[greatteager]

Why ICO was postponed to November 2? Still waiting for a month almost

It was not postponed, it was scheduled.  The Utrust team had made an announcement about changing the date and ICO structure way back month ago.  They believe that if they will follow the old system, whales will definitely snatch the early stage ICO and leave the normal investors with the last stage of ICO(whales getting the cheaper token and normal investors the higher priced one).  Aside from that announcing it a month before the ICO will enable investors to gather fund before the set date.

I think they made the right decision, can not be resolved for whales to make any manipulations

I do think too.  Guess what, its been a talk on the telegram about KYC and AML, they said that recent and previous ICO investors are subject to AML and KYC , and those who does not comply are subject to scrutiny.  Great thing that UTRUST will implement this stuff.  I can see the future legit ICO with this kind of ruling.  Seem we can see a cleaner ICO in the future starting with this one

Thanks to all for the answers, legal transparent ICO is the next stage of investment development. I agree, let's wait a bit.

[cantdecide]

I believe that if utrust gets mass adoption, it can bring more people to crypto world. With that effect, it can make a good bump for all cryptocurrencies.

True, UTrust could be one of the projects, or maybe THE project, which will open the crypto world for masses. Maybe it takes some time, but there is a lot of potential here.

It will help adopt cryptocurrency thanks to the link with fiat currency, and what will attract customers is the transaction fees and speed of each transaction, so when cryptocurrencies are mainstream utrust will be on top of all the other projects, mostly the ones that do not offer protection of funds, so yeah, investing is a no-brainer .

I agree, thats the basics that people needs, low transaction fees and a smooth transaction. Utrust must be competitive enough from those existing methods not just an idea alone but in real action.

Yes but it must also be easy to handle. I think one of the main problems why crypto isn't as popular as it could be is the problem with all this stuff around. You need to save your priv. keys, make backups of your wallet, encrypt it, check every transaction double and three times, so that you send your coins to the right address etc etc. The average user don't want this and is afraid of it.

[xamil]

ICO WILL START 2nd November 2017 AT 2PM UTC. looks like date is announce for token sale. looking forward for this

wow hoping for more tokens to be sold out.. All the best for UTRUST team, more people more invites to the platform..

On or before November 2nd Utrust token will be sold out. trust me! We're part of this successful platform

The set ICO date is fine as it will give ample time to investors to prepare their ETH for this upcoming event. I though hope the date will not coincide with another ICO

yeah, the ICO date is good enough to prepare the investors. And can also spread and invite their friends, relatives to join in this project. No wonder if on this time more buyers of token will join the said event/project of utrust.

[belechau]

I think the date set is pure prevention, the project itself is grandiose and attractive enough and the novelties value it even more. Enjoy to buy early and be part of the progress, because very soon there will be availability

[mmhaimhai]

Read this Ann too late missed the presale already anyways there is still ICO i can still obtain some tokens before it goes to the moon.

[toolucky98]

I believe that if utrust gets mass adoption, it can bring more people to crypto world. With that effect, it can make a good bump for all cryptocurrencies.

True, UTrust could be one of the projects, or maybe THE project, which will open the crypto world for masses. Maybe it takes some time, but there is a lot of potential here.

It will help adopt cryptocurrency thanks to the link with fiat currency, and what will attract customers is the transaction fees and speed of each transaction, so when cryptocurrencies are mainstream utrust will be on top of all the other projects, mostly the ones that do not offer protection of funds, so yeah, investing is a no-brainer .

I agree, thats the basics that people needs, low transaction fees and a smooth transaction. Utrust must be competitive enough from those existing methods not just an idea alone but in real action.

Yes but it must also be easy to handle. I think one of the main problems why crypto isn't as popular as it could be is the problem with all this stuff around. You need to save your priv. keys, make backups of your wallet, encrypt it, check every transaction double and three times, so that you send your coins to the right address etc etc. The average user don't want this and is afraid of it.

Well , you also have to take care of several things if you want to open an account at bank, save your pin code, even put some money as capital.
Its not really different.

[Noob_Coin_PH]

Will UTRUST sell the collected ETH funds for fiat or will development and other investments be payed in ETH?

My opinion : FIAT.
Even bitcoin is still not accepted as a currency everywhere, what can ETH do? (for now).

But you can exchange Bitcoin to Fiat same goes to eth. the project will expand and potential growth is on its way. might as well wait for a good announcement from them.

screw fiat, eliminate those sneaky banksters.

[imtiazmahmood]

UTRUST i hear will not charge too much like other but i want to know how much will charge utrust if i will spend 1000$ with UTRUST payment method to buy somethin online shopping. what will be fees due to me?

[the_donald]

UTRUST i hear will not charge too much like other but i want to know how much will charge utrust if i will spend 1000$ with UTRUST payment method to buy somethin online shopping. what will be fees due to me?

no one can tell you that right now, because it doesn't just depend on Utrust. there are other fees that have to paid to the merchant and any third parties involved.

[magisterr]

Why ICO was postponed to November 2? Still waiting for a month almost

It was not postponed, it was scheduled.  The Utrust team had made an announcement about changing the date and ICO structure way back month ago.  They believe that if they will follow the old system, whales will definitely snatch the early stage ICO and leave the normal investors with the last stage of ICO(whales getting the cheaper token and normal investors the higher priced one).  Aside from that announcing it a month before the ICO will enable investors to gather fund before the set date.

Which whales you mean? On pre-sale or ICO? They ll have fixed price during ICO - 0.065$ per token.

[levyashin]

I believe that if utrust gets mass adoption, it can bring more people to crypto world. With that effect, it can make a good bump for all cryptocurrencies.

True, UTrust could be one of the projects, or maybe THE project, which will open the crypto world for masses. Maybe it takes some time, but there is a lot of potential here.

It will help adopt cryptocurrency thanks to the link with fiat currency, and what will attract customers is the transaction fees and speed of each transaction, so when cryptocurrencies are mainstream utrust will be on top of all the other projects, mostly the ones that do not offer protection of funds, so yeah, investing is a no-brainer .

I agree, thats the basics that people needs, low transaction fees and a smooth transaction. Utrust must be competitive enough from those existing methods not just an idea alone but in real action.

Yes but it must also be easy to handle. I think one of the main problems why crypto isn't as popular as it could be is the problem with all this stuff around. You need to save your priv. keys, make backups of your wallet, encrypt it, check every transaction double and three times, so that you send your coins to the right address etc etc. The average user don't want this and is afraid of it.

Yes it is very hard to send their money to 0x32838wssdjedu28328e3sdah is very hard for common people. When i was doing my first transaction i said my money is flying out of window right now.

I don't think they will do a very complicated system and common people would easily use it.

[toolucky98]

UTRUST i hear will not charge too much like other but i want to know how much will charge utrust if i will spend 1000$ with UTRUST payment method to buy somethin online shopping. what will be fees due to me?

no one can tell you that right now, because it doesn't just depend on Utrust. there are other fees that have to paid to the merchant and any third parties involved.

"The buyer will be shown a description of the total amount to be paid, including a 1% commission and exchange conversion fees (from the crypto amount to the fiat amount). The description is transparent and updated every 2 minutes. "

So 1000$ = 10$ fees.

Payment with UTRUST token = zero exchange fee.

[Cauchy]

UTRUST i hear will not charge too much like other but i want to know how much will charge utrust if i will spend 1000$ with UTRUST payment method to buy somethin online shopping. what will be fees due to me?

no one can tell you that right now, because it doesn't just depend on Utrust. there are other fees that have to paid to the merchant and any third parties involved.

"The buyer will be shown a description of the total amount to be paid, including a 1% commission and exchange conversion fees (from the crypto amount to the fiat amount). The description is transparent and updated every 2 minutes. "

So 1000$ = 10$ fees.

Payment with UTRUST token = zero exchange fee.

For anyone who hasnt used paypal or similar how MUCH lower is this compared to other solutions and is the lower fee the main competetive edge?