FostTheGreat
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October 08, 2017, 10:19:13 AM |
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This project is promising, for example paypal charges us 3-5% more whenever you pay.. Utrust will have lower fees. That is already an advantage another thing that got my attention is many cryptos are accepted, btc and eth and as they said your favorite coin, lol. Kudos to the team! looking forward to this project.
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levyashin
Sr. Member
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$CYBERCASH METAVERSE
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October 08, 2017, 10:21:38 AM |
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As far as I understood if you use UTrust tokens you don't pay merchant fees, only eth network fees (this is normal, you need to spend gas to move your tokens, always)
I understood the same way. It was said by dev, and it is a logical decision. You can't do it free because of ethereum chain needs a fee, so it is a good solution.
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Sozialtourist
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October 08, 2017, 10:23:09 AM |
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As far as I understood if you use UTrust tokens you don't pay merchant fees, only eth network fees (this is normal, you need to spend gas to move your tokens, always)
Ok, that is a great idea but people are waiting for the ICO. Did they announce for the ICO when they are going the Start the ICO? I think Utrust tokens will be sold very fastly because it is building a lot of trust in the community. Yes they already announced the starting date both here in this thread and on their website! ICO will beginn on Nov 2nd at 2PM UTC.
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lw75
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October 08, 2017, 10:25:26 AM Last edit: October 08, 2017, 10:40:36 AM by lw75 |
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I'm excited to see the mediated chat mode being utilized for the efficient resolution of disputes. I think its a great feature from UTRUST.
If understood correctly the whitepaper explains that in such dispute buyer is going to carry the weight by paying 2% mediation cost to UTRUST. Now imagine a large amount of value involved.. Not a pretty perspective to say the least. I asked UTRUST what a strange policy they plan on using here but have not received an answer. Also nobody but one responded to my earlier post about it. Did anyone really take it in and have an opinion? Not a biggie to you? And as their mediator is probably a real person it will be interesting to know what guidelines they follow and over time the reputation of dispute outcomes. Things like human error, benefit of doubt and partiality come to mind. I'm just curious how UTRUST is going to effectively protect buyers and not make money quite literally off their backs. Honestly, I wonder if Paypal had this exact policy implemented where a buyer pays mediation fee, would they be a great deal less popular. Penny for your thoughts..
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kraterion
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Activity: 616
Merit: 145
🚀🚀 ATHERO.IO 🚀🚀
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October 08, 2017, 10:30:42 AM |
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As far as I understood if you use UTrust tokens you don't pay merchant fees, only eth network fees (this is normal, you need to spend gas to move your tokens, always)
Ok, that is a great idea but people are waiting for the ICO. Did they announce for the ICO when they are going the Start the ICO? I think Utrust tokens will be sold very fastly because it is building a lot of trust in the community. ICO is scheduled for 2nd november! You can find about this here https://utrust.io/ico and https://twitter.com/UTRUST_Official/status/916354025502724097
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alphashotgun
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October 08, 2017, 10:43:09 AM |
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Ok, so it's now announced that ICO starts on November 2nd at 2PM UTC. But why so much delay? Why the ICO could not start in october?
Due to ISU from china yesterday I think november is the right time to start ICO, because all will return to normal in november That was also my first thought: why so late? I think they are delaying it because of all that fud from china And I think they are working on a demo that can be launched right before the ICO and that got some delays (I hope they are building a demo :p) yes! i hope they build up a demo too. In my opinion delaying dates is not good for credibility at all. BUT a demo which proofes that the project is good would calm down everything and provides motivation to pump the project for maybe a few more big investors
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haxllega
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October 08, 2017, 10:49:17 AM |
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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 It's still some time until 2nd November so I think they maybe will be allowed to announce a 2nd partnership. Would be great!
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wareen
Millionaire
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Revolutionizing Brokerage of Personal Data
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October 08, 2017, 10:57:15 AM |
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As far as I understood if you use UTrust tokens you don't pay merchant fees, only eth network fees (this is normal, you need to spend gas to move your tokens, always)
Ok, that is a great idea but people are waiting for the ICO. Did they announce for the ICO when they are going the Start the ICO? I think Utrust tokens will be sold very fastly because it is building a lot of trust in the community. Yeah, they have announce about the day they will start the ICO and open crowdsale. You can check this annoucement at here: https://twitter.com/UTRUST_Official/status/916354025502724097I also hope this project can sold out very fastly as AirToken project recently.
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Agapelove
Member
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Activity: 425
Merit: 10
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October 08, 2017, 11:05:14 AM |
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Anyone want to speculate what their partnership announcements will be? Amazon would be cool.
Who knows? Maybe ebay, alibaba, olx and the rest too will partner with Utrust. It is not just the buyer/seller protection they provide they also give performance-based ratings to sellers which is good for both sellers buyers. The moment buyers see the 5star ratings of sellers, it means trust for the sellers which good for them too. Alibaba would be a great partner for UTRUST considering it is a very big company that can even surpass Amazon and has a wide user base in Asia. It's too early to talk about partners, first you need to finalize and launch the platform. On the partnership so far nothing is said. It will be better to announce the partnership when the coin will be on exchanges. Early or late, these are part of the big picture everyone speculate on the future of this project. Anyway, partnership with these big companies will be the future hope of Utrust for total success. We want it to happen and we want these companies' hearts to be won by Utrust. At the moment, these huge companies do not need such payment aggregators, as ULTRUST. So it is doubtful such cooperation in the near future. If ULTRUST shows its convenience for customers, it will reach a mass audience, then undoubtedly they will cooperate. But this can take years. Probably at the best 3-4 years I think. Well, why 3-4 years, in 2019 there will already be major partners, the main thing is that they don't start to make their platforms. It is a very possible that UTRUST will have a competitor offering same payment features, but it is very important that UTRUST gathered a large user base first compared to its competitors in order to be the leader in online payment platforms. they already knew that and ready for it .. actually they already have those competitors and they are not first in the business ! but they are the only one with this great project plan and security ! offering a low percent process and large community at start, not a reckless move but magnificent we will see this project occupying most of the payments online around the world Your rough estimation was quite close into reality from 3-4 years. Utrust already know that those competitors are well established already, however, its not a hindrance for them because they're services is much more in lower percentage compare to their competitors to get the attention of others to avail it.
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The Crypto Peasant
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October 08, 2017, 11:12:03 AM |
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very bery excited to join the upcoming ico amd follow this project. have great hopes for it
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matjas
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October 08, 2017, 11:14:31 AM |
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As far as I understood if you use UTrust tokens you don't pay merchant fees, only eth network fees (this is normal, you need to spend gas to move your tokens, always)
I understood the same way. It was said by dev, and it is a logical decision. You can't do it free because of ethereum chain needs a fee, so it is a good solution. Thats how you assure circulation of Utrust tokens and make its value grow. Devs had to make their tokens more attractive to use and that is the best way to do it, but like you said, you cant trade with ETH token without network fees.
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Mihaylovic
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October 08, 2017, 11:15:15 AM |
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I dont complain, i prefer a a bit delayed but successful ico instead of a cancelled ico for such a project. even there are many leaks about fork issue and bearish trend for this month. So maybe not so many investor would be able to join it. We can wait a bit more no problem.
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magisterr
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October 08, 2017, 11:43:05 AM |
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Ok, so it's now announced that ICO starts on November 2nd at 2PM UTC. But why so much delay? Why the ICO could not start in october?
Due to ISU from china yesterday I think november is the right time to start ICO, because all will return to normal in november What you mean? Now ETH and BTC have a higher price for this 2 mounth... After hard fork who knows what will be... I think, they made some parthnership in this time and may be will realese demo?
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MuffinMaster
Sr. Member
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Activity: 1414
Merit: 265
Pepemo.vip
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October 08, 2017, 11:46:46 AM |
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Waiting forward upcoming ICO. I hope that everything will be ok and law regulations in China will not disturb developing this promising project! Good luck guys!
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bitsurfer2014
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October 08, 2017, 11:49:47 AM |
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With this project,selling and buying stuff will be easier.It's 21 century now.Nice one. I'm looking forward for the upcoming ICO.
Correct!. UTRUST aims to address issues that occurs on previous payment platforms for the benefit of its end users.
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Agapelove
Member
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Activity: 425
Merit: 10
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October 08, 2017, 12:27:47 PM |
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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 It's still some time until 2nd November so I think they maybe will be allowed to announce a 2nd partnership. Would be great! I was wondering why is it need to reschedule again just to start the ico? So, this coming ICO November 2, 2017 is from Utrust right? which another opportunity again for the late investors for Utrust, is that right?
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kraterion
Full Member
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Activity: 616
Merit: 145
🚀🚀 ATHERO.IO 🚀🚀
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October 08, 2017, 12:32:25 PM |
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I'm excited to see the mediated chat mode being utilized for the efficient resolution of disputes. I think its a great feature from UTRUST.
If understood correctly the whitepaper explains that in such dispute buyer is going to carry the weight by paying 2% mediation cost to UTRUST. Now imagine a large amount of value involved.. Not a pretty perspective to say the least. I asked UTRUST what a strange policy they plan on using here but have not received an answer. Also nobody but one responded to my earlier post about it. Did anyone really take it in and have an opinion? Not a biggie to you? And as their mediator is probably a real person it will be interesting to know what guidelines they follow and over time the reputation of dispute outcomes. Things like human error, benefit of doubt and partiality come to mind. I'm just curious how UTRUST is going to effectively protect buyers and not make money quite literally off their backs. Honestly, I wonder if Paypal had this exact policy implemented where a buyer pays mediation fee, would they be a great deal less popular. Penny for your thoughts.. When I opened a dispute on PayPal I really don't recall if I paid a mediation fee. But btw, my thought about this is, the most fair move is to ask for that 2% only if they solve your dispute, I'll be ok with that but I'm not so sure if I'll agree with a fee payment in advance
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cantdecide
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October 08, 2017, 12:42:36 PM |
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I'm excited to see the mediated chat mode being utilized for the efficient resolution of disputes. I think its a great feature from UTRUST.
If understood correctly the whitepaper explains that in such dispute buyer is going to carry the weight by paying 2% mediation cost to UTRUST. Now imagine a large amount of value involved.. Not a pretty perspective to say the least. I asked UTRUST what a strange policy they plan on using here but have not received an answer. Also nobody but one responded to my earlier post about it. Did anyone really take it in and have an opinion? Not a biggie to you? And as their mediator is probably a real person it will be interesting to know what guidelines they follow and over time the reputation of dispute outcomes. Things like human error, benefit of doubt and partiality come to mind. I'm just curious how UTRUST is going to effectively protect buyers and not make money quite literally off their backs. Honestly, I wonder if Paypal had this exact policy implemented where a buyer pays mediation fee, would they be a great deal less popular. Penny for your thoughts.. When I opened a dispute on PayPal I really don't recall if I paid a mediation fee. But btw, my thought about this is, the most fair move is to ask for that 2% only if they solve your dispute, I'll be ok with that but I'm not so sure if I'll agree with a fee payment in advance i still think if there is really a problem, not caused by the buyer itself, he/she shouldn't pay the fee, instead it should be payed by the party which is causing the problem. Like if the buyer is the problem, he/she pays, like if the seller is the problem, he/she should pay. If the problem is just a communication problem or what ever it should be 50/50.
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levyashin
Sr. Member
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Activity: 980
Merit: 276
$CYBERCASH METAVERSE
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October 08, 2017, 12:43:57 PM |
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I'm excited to see the mediated chat mode being utilized for the efficient resolution of disputes. I think its a great feature from UTRUST.
If understood correctly the whitepaper explains that in such dispute buyer is going to carry the weight by paying 2% mediation cost to UTRUST. Now imagine a large amount of value involved.. Not a pretty perspective to say the least. I asked UTRUST what a strange policy they plan on using here but have not received an answer. Also nobody but one responded to my earlier post about it. Did anyone really take it in and have an opinion? Not a biggie to you? And as their mediator is probably a real person it will be interesting to know what guidelines they follow and over time the reputation of dispute outcomes. Things like human error, benefit of doubt and partiality come to mind. I'm just curious how UTRUST is going to effectively protect buyers and not make money quite literally off their backs. Honestly, I wonder if Paypal had this exact policy implemented where a buyer pays mediation fee, would they be a great deal less popular. Penny for your thoughts.. When I opened a dispute on PayPal I really don't recall if I paid a mediation fee. But btw, my thought about this is, the most fair move is to ask for that 2% only if they solve your dispute, I'll be ok with that but I'm not so sure if I'll agree with a fee payment in advance When I opened a dispute in Paypal I don't think I paid any money for it but they couldn't solve my problem. They made it worse so I am not sure about that. If they would have solved it, I would happily pay %2.
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ace4549
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October 08, 2017, 01:10:48 PM |
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With this project,selling and buying stuff will be easier.It's 21 century now.Nice one. I'm looking forward for the upcoming ICO.
Correct!. UTRUST aims to address issues that occurs on previous payment platforms for the benefit of its end users. Paypal compared to utrust is very bit hassle because you have to input your debit or credit card number one per user only..but with utrust u have ur own free will to transfer any favorites cryptocurremcies.u have in ur wallet
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