UTRUST

[kraterion]

How the hell can you extend a 7 day ico by 10 days. Give me
a break. Everyone dump this scam coin immediately once it hits the exchange.
Oh sorry guys, we are greedy, and we need 10 more days to raise 4 more million for our lambos.

You do realize they kept the price per token and burned half the tokens, so they effectively reduced the hard cap by 50% right? This is very good for investors.

The new maximum ICO cap is set at $21.375 MM
https://s3-eu-west-1.amazonaws.com/utrust/whitepaper/en/UTRUST-whitepaper-en-2017-11-02.pdf page 26

You do realize they had to do that anyways, and not 500m token but 600m. Last time I checked that was a loss for current investors of 20%.

If they don't reach hardcap they will do what they were going to do today, burning more then 500+M tokens. Anyway they extended ICO and we can do nothing about that, so I'll just move on even if I don't like this. On the bright side, the good news is that they recognized that it was impossible to reach 1B cap and they halved tokens reserved for the team. Thumbs up for doing that

[sockpuppet1911]

I'm planning to invest the project has great visions, Looking forward to the future and success of this project. Good luck and all the best.

You should be fast because maybe it's sold out in a few days. I am sure it will reach hard cap until the end of the ICO. People now want to invest in ICOs again.

Let's hope for the best. I am not that confident in icos anymore until they start paying back again. Except maybe pre-icos and utrust ico .

[niklasmato]

This I see it very profitable, I do not know until when. How much do you think it would come in hitbtc when it hits the market? taking into account the max suply of 1 000 000 000

its a popular token, and the product will come in 1 year, so if it takes too much time to get on excahnges, it will be trading on ED, and will eb easily manipulated, so whales will get it below ICO price to fill their bags, so it won't be that deep, considering the BTC drama is over.

Well that's how almost all other ICO's have been dealt with the last couple of months.
I do believe in the Utrust product and I really think that the team will be able to fulfil the promises.
IF they can make everything happen like promised (exchanges and product), the price will probably slowly increase ...

[matjas]

Here is the review of UTrust's Smart Contract:

https://blog.positive.com/utrust-smart-contract-audit-bf40c141f0a6

No vulnerabilities were found since the contract is built on top of OpenZeppelin’s StandardToken implementation without any own additional code.

Thank God for that, it reassures us to know that we have made the right choice for this moment, even if there is any setback.

Exactly! This is a great team with a great future!

In recent light of libraries and smart contract bugs, that is a comforting news. We dont need another major errors in the code and we have to be able to trust devs and their project.  

[Sozialtourist]

UTRUST did the right move, and they have been transparent about why they did it. Everyone is only focusing on the fact that they extended ICO and not all the benefits that they gave to the community. I think people just like to be angry because it's easier than reading the whole post.
1. Team Tokens — REDUCED  ✅
We are changing the amount of tokens that UTRUST will hold from 100 million to only 50 million. The newly released tokens will be added back into the total supply for everybody to purchase during our ICO.

2. Smart Contract — AUDITED  ✅
Today we are releasing an independent review of our smart contract by Positive.com. We are proud to say that they gave it their approval and that it will be deployed shortly. You will be able to use the contract shortly after the ICO ends and when your KYC is complete.
 
3. Private Investors — VESTED  ✅
We talked to our private investors to negotiate a minimum vesting period of 12 months. This is great news as it means that another 100 million tokens cannot be withdrawn or sold for a full year.
 

4. 500 Million Tokens — BURNED  ✅
We made the decision to burn 50% of all tokens today, prior to the end of our ICO, permanently reducing the total maximum supply by half. We now have a very limited number of tokens available for sale.

5. Public ICO — EXTENDED  ✅
Since all these structural changes will result in an improved value proposition, we would like to give everyone a fair chance to participate in our ICO. As a result, we have extended our ICO to end on 20 November 2017 at 2 PM UTC.

EVERY SINGLE POINT is beneficial for the market growth!
They reduced their own supply! That selfless in my opinion.
Smart contract is them showing proof that the tokens are burned and correct amount will be in supply
Private investors are vested, also from telegram the US investors are vested and UTRUST is vested. So the only people that would create a dump, can't.
500M tokens burned & extension, that shows they aren't after money , because if they were then why burn,greedy people would keep the same supply. They are just giving the community a chance to participate because of the market conditions.

Seriously people, it's a great move.

Thanks a lot for making this summary!
Great work!

UTRUST made indeed the right descision. UTRUST to the moon!

Generally, I support their decision to extend the ICO. Nevertheless it would have been better to let the community know earlier about their move. It's not like the date of the Bitcoin Hardfork wasn't announced 2 days ago.

[Bambulee]

Here is the review of UTrust's Smart Contract:

https://blog.positive.com/utrust-smart-contract-audit-bf40c141f0a6

No vulnerabilities were found since the contract is built on top of OpenZeppelin’s StandardToken implementation without any own additional code.

Thank God for that, it reassures us to know that we have made the right choice for this moment, even if there is any setback.

Exactly! This is a great team with a great future!

In recent light of libraries and smart contract bugs, that is a comforting news. We dont need another major errors in the code and we have to be able to trust devs and their project.  

i stay out and get ready for the initial dump when hit the exchanges:)

[loup]

Here is the review of UTrust's Smart Contract:

https://blog.positive.com/utrust-smart-contract-audit-bf40c141f0a6

No vulnerabilities were found since the contract is built on top of OpenZeppelin’s StandardToken implementation without any own additional code.

Thank God for that, it reassures us to know that we have made the right choice for this moment, even if there is any setback.

Exactly! This is a great team with a great future!

In recent light of libraries and smart contract bugs, that is a comforting news. We dont need another major errors in the code and we have to be able to trust devs and their project. 

i stay out and get ready for the initial dump when hit the exchanges:)

Great news I can be a little calmer now. 

[bitcoin-shark]

UTRUST did the right move, and they have been transparent about why they did it. Everyone is only focusing on the fact that they extended ICO and not all the benefits that they gave to the community. I think people just like to be angry because it's easier than reading the whole post.
1. Team Tokens — REDUCED  ✅
We are changing the amount of tokens that UTRUST will hold from 100 million to only 50 million. The newly released tokens will be added back into the total supply for everybody to purchase during our ICO.

2. Smart Contract — AUDITED  ✅
Today we are releasing an independent review of our smart contract by Positive.com. We are proud to say that they gave it their approval and that it will be deployed shortly. You will be able to use the contract shortly after the ICO ends and when your KYC is complete.
 
3. Private Investors — VESTED  ✅
We talked to our private investors to negotiate a minimum vesting period of 12 months. This is great news as it means that another 100 million tokens cannot be withdrawn or sold for a full year.
 

4. 500 Million Tokens — BURNED  ✅
We made the decision to burn 50% of all tokens today, prior to the end of our ICO, permanently reducing the total maximum supply by half. We now have a very limited number of tokens available for sale.

5. Public ICO — EXTENDED  ✅
Since all these structural changes will result in an improved value proposition, we would like to give everyone a fair chance to participate in our ICO. As a result, we have extended our ICO to end on 20 November 2017 at 2 PM UTC.

EVERY SINGLE POINT is beneficial for the market growth!
They reduced their own supply! That selfless in my opinion.
Smart contract is them showing proof that the tokens are burned and correct amount will be in supply
Private investors are vested, also from telegram the US investors are vested and UTRUST is vested. So the only people that would create a dump, can't.
500M tokens burned & extension, that shows they aren't after money , because if they were then why burn,greedy people would keep the same supply. They are just giving the community a chance to participate because of the market conditions.

Seriously people, it's a great move.

Thanks a lot for making this summary!
Great work!

UTRUST made indeed the right descision. UTRUST to the moon!

Generally, I support their decision to extend the ICO. Nevertheless it would have been better to let the community know earlier about their move. It's not like the date of the Bitcoin Hardfork wasn't announced 2 days ago.

their decision to extend the period of ico is somewhat related to the cancellation of the fork/segwit?...

[loup]

UTRUST did the right move, and they have been transparent about why they did it. Everyone is only focusing on the fact that they extended ICO and not all the benefits that they gave to the community. I think people just like to be angry because it's easier than reading the whole post.
1. Team Tokens — REDUCED  ✅
We are changing the amount of tokens that UTRUST will hold from 100 million to only 50 million. The newly released tokens will be added back into the total supply for everybody to purchase during our ICO.

2. Smart Contract — AUDITED  ✅
Today we are releasing an independent review of our smart contract by Positive.com. We are proud to say that they gave it their approval and that it will be deployed shortly. You will be able to use the contract shortly after the ICO ends and when your KYC is complete.
 
3. Private Investors — VESTED  ✅
We talked to our private investors to negotiate a minimum vesting period of 12 months. This is great news as it means that another 100 million tokens cannot be withdrawn or sold for a full year.
 

4. 500 Million Tokens — BURNED  ✅
We made the decision to burn 50% of all tokens today, prior to the end of our ICO, permanently reducing the total maximum supply by half. We now have a very limited number of tokens available for sale.

5. Public ICO — EXTENDED  ✅
Since all these structural changes will result in an improved value proposition, we would like to give everyone a fair chance to participate in our ICO. As a result, we have extended our ICO to end on 20 November 2017 at 2 PM UTC.

EVERY SINGLE POINT is beneficial for the market growth!
They reduced their own supply! That selfless in my opinion.
Smart contract is them showing proof that the tokens are burned and correct amount will be in supply
Private investors are vested, also from telegram the US investors are vested and UTRUST is vested. So the only people that would create a dump, can't.
500M tokens burned & extension, that shows they aren't after money , because if they were then why burn,greedy people would keep the same supply. They are just giving the community a chance to participate because of the market conditions.

Seriously people, it's a great move.

Thanks a lot for making this summary!
Great work!

UTRUST made indeed the right descision. UTRUST to the moon!

Generally, I support their decision to extend the ICO. Nevertheless it would have been better to let the community know earlier about their move. It's not like the date of the Bitcoin Hardfork wasn't announced 2 days ago.

their decision to extend the period of ico is somewhat related to the cancellation of the fork/segwit?...

That's the same thing I thought after reading the news. At least is a good argument for it.

[ParRus]

Here is the review of UTrust's Smart Contract:

https://blog.positive.com/utrust-smart-contract-audit-bf40c141f0a6

No vulnerabilities were found since the contract is built on top of OpenZeppelin’s StandardToken implementation without any own additional code.

Thank God for that, it reassures us to know that we have made the right choice for this moment, even if there is any setback.

Exactly! This is a great team with a great future!

In recent light of libraries and smart contract bugs, that is a comforting news. We dont need another major errors in the code and we have to be able to trust devs and their project.  

excellent review, I think this shows all seriousness of the project, and that the team intends to realize this idea contrary to competitors, I think  UTRUST team will cope with this task

[svetac]

Pre-ICO was sold out so fast,within 1 hour i believe. This is main reason why they made this extension. They realized UTRUST  ICO won't reach not even 50% of the hard cap.

In my personal point of view, the moment ICO-s are regulated is the moment when the little guy lose the opportunity to invest. Check out the Forex and stock market rules and you'll know what I'm talking about. Here you can loose only money invested over there you can lose much more.

In the end we're all in this for money, so do your homework. Read whitepaper,understand it. Dig thru internet find out everything you can . Invest money and hope for the best.
UTRUST team work hard to achieve what they promised and now and then they have to adapt. So far I don't see reason to be nervous.

[Navigation]

How the hell can you extend a 7 day ico by 10 days. Give me
a break. Everyone dump this scam coin immediately once it hits the exchange.
Oh sorry guys, we are greedy, and we need 10 more days to raise 4 more million for our lambos.

You do realize they kept the price per token and burned half the tokens, so they effectively reduced the hard cap by 50% right? This is very good for investors.

The new maximum ICO cap is set at $21.375 MM
https://s3-eu-west-1.amazonaws.com/utrust/whitepaper/en/UTRUST-whitepaper-en-2017-11-02.pdf page 26

You do realize they had to do that anyways, and not 500m token but 600m. Last time I checked that was a loss for current investors of 20%.

Canuck21 explain me the 600m tokens? They cut the 1 billion tokens in half, so it will be 500m tokens in the market, not 600m.

[yoface]

What price predictions do you have when utrust hit the exchanges?

Maybe the price will be lower so I can buy the tokens cheaper as on the pre sales?

[cmg12]

What price predictions do you have when utrust hit the exchanges?

Maybe the price will be lower so I can buy the tokens cheaper as on the pre sales?

I doubt in that, Utrust is one of the hottest ico out there and there is very high demand

[fininspector]

As I understand ICO already finished? How much raised? (in USD)

[bitcoinbulk]

As I understand ICO already finished? How much raised? (in USD)

Nope, website shows the ICO ends in 10 days: https://utrust.io/ico

[SEELE^^01]

As I understand ICO already finished? How much raised? (in USD)

nope, ico sale got extended until 20th november ! best decision in my opinion. now they will reach the hardcap easily

go buy utrust tokens!

[tiger5056]

shows 55% sold out in ICO. lets hope most will be out in next 10 days.

[Trrrt]

Nice to have a review of the code, people will be in peace to see that there is no problem with the code and Utrust is trustful. UTRUST is really a huge project, pre sale as sucessfull and ico too, even without reaching the hard cap yet its a pretty good sucess.

[greatteager]

It's a bad idea to extend ICO, in 10 days will buy coins those who bought on the exchange, the demand to decrease.