There is nothing good for investors! I cant trust gready people, who change rules in last moment! You must go to schedule!
The newly released tokens will be added back into the total supply for everybody to purchase during our ICO.
You can create unlimited tokens? wtf?
How many tokens you created for himself in fact?
You must be new here. We cannot change the smart contract once it is deployed. The contract will create 1 billion tokens and burn (with proof) one half of it.
Kakumei
What with our 50 mln tokens for bounty? We working for you few month.
If you followed the market and our ICO, it was clear that if we ended our ICO today, we would never have distributed and 1 billion tokens and therefore bounty was never going to be 50 million. So absolutely nothing changes for bounty hunters and we will be true to our words. The bounty thread clearly states: "5% of all distributed tokens".
First of all, as I stated above I am not conform with the extention but please guys, before you start fudding or whatever, just read the announcement first carefully. There are no tokens which could be made out of air. The 50m "extra" tokens come from the dev team which had 100,000,000 before and now just 50,000,000 token. The other 50,000,000 are now open for sale.
Beside that, could you please discuss the bounty stuff in the bounty thread? It's there for this.
Thank you for your support!
So and extension and a lowering of total number of tokens. I guess this will impact the bounty hunters the most.
For the investors, lowering the amount of tokens is good news, as they will be worth more in the long run when the product is released.
It doesn't affect bounties at all, we would never have allocated 1 billion tokens and bounty is not fixed, but a 5% of all tokens. Nothing at all changes.
This is a good thing
Team Tokens — REDUCED
Smart Contract — AUDITED
Private Investors — VESTED
500 Million Tokens — BURNED
---------------------------
So how much does Utrust finally want to raise money? $21.375.000?
275M (ICO) - $17.875.000
150M (Pre-ICO, investors) - $3.500.000
75M (bounty, marketing, team) - not for sale
With 21M market cap, the token price should triple easily.
I understand the first shock that is hitting everybody, but if you take a moment and think about it, this is also good news. 1 week was short for an ICO
I actually don't like when ICOs are extended but thankfully UTRUST has taken some actions, like burning half of token supply, reducing team tokens + vesting period for private investors, that the extension might not be bad at all.
Thanks! We really tried hard and thought a lot about what we can do to prove that we are extending for the right reasons. Cutting OUR tokens in half, burning 500 million tokens and vesting private investors (even though some people here say they don't care about them) is great news for all investors.
In the end, and this is a big deal for us, UTRUST is absolutely not about the ICO. We appreciate and love our community, the trust you have given us and the funds you provide to build the online payments revolution. But UTRUST is about the platform, not about the ICO. We are super excited to finally start focussing on the platform, and the changes we implemented last night go a long way in helping us do just that.
I hope that, over time, people will understand that what we did had nothing to do with greed (since we halved our own tokens as well), but instead was what we thought was best for the platform.
