UTRUST

[mrsaint]

Don't you think you could argue that the Utrust token can be seen as a "payment instrument" and therefore would require AML and KYC obligations for the ICO?

At this point no, because there is nothing you can buy with them. In the future, perhaps yes, if they can be used in a payment system. From the utrust whitepaper:

Once all the regulatory questions  have  been  clarified  with  the  Swiss  Regulator  (FINMA),  the  UTRUST platform will be a payment system that will enable you to use the token and spend it independently  alongside  a  system  that  grows  in  synergy  with  the  token.

In their own words, only after they received their answers from FINMA to regulatory questions, will it be possible to use them in payment transactions.

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[SEELE^^01]

We are working on an updated version of the previous to avoid the confusion some users experienced. Rest assured we’re bringing the logos back but make sure we’re making it very clear that we are COMPLIANT with Swiss regulation and not partnering up with or are in any other way associated with, FINMA (apart from being a Swiss company).

To say they we are not more compliant than other ICOs is incorrect and a statement made by a person that will say anything to further his agenda. There are no regulations for ICOs, but crypto assets are considered real assets in Switzerland. As soon as they leave the blockchain you are by association regulated and in need for compliance. We understand how this can be misleading, which is why we are now changing the website. But again, you are automatically in need to be compliant if you as a company want to convert crypto currency obtained in e.g. an ICO.

Therefore, to say that there are no applicable regulations is simply incorrect.

Dear utrust, I am still waiting for your explanation: When I bought tokens during the pre-ICO, from whom did I purchase these tokens?

To my knowledge you have never contacted us to talk about your case, or at least I have never heard about it. Instead of spreading information carefully selected to further what feels like your personal agenda against us, you can contact us through the official channels (Telegram, Email) and we can talk about a solution for your case, if you are actually looking for a solution to your pre-ICO purchase.

thank you kakumei for clarifying this and bringing light behind the curtains.

there were many ico projects who turned to be scam after a couple of time, thats why, people are butthurt and very cautios, if something like those irregularities in the project pop up.

[mrsaint]

Therefore, to say that there are no applicable regulations is simply incorrect.

You are putting words in other people's mouths. Nobody said that Switzerland is a lawless country land without applicable regulations (I should know best because I live in Switzerland). This is different from you claiming dominantely on your website (well, until it was pointed out and you silently removed it again) that you are being regulated by FINMA, which is simply not true. FINMA does not govern conduct specifically for ICOs.

To my knowledge you have never contacted us to talk about your case, or at least I have never heard about it. Instead of spreading information carefully selected to further what feels like your personal agenda against us, you can contact us through the official channels (Telegram, Email) and we can talk about a solution for your case, if you are actually looking for a solution to your pre-ICO purchase.

I contacted you several times. Here in the forum. Along with other people I am still waiting for an answer which, so far, you've been avoiding by cherry-picking the questions you like to answer.

Or are you saying that you are not officially representing utrust?

Let me ask you again assuming you just missed the questions before:

1) When I bought tokens during the pre-ICO, from whom did I purchase these tokens? What was the company at the time of the pre-ICO. Where was it registered?

2) How can I access the tokens from the pre-ICO? They are unrelated to the ICO, to the company who runs the ICO, and to the terms and conditions of the ICO.

[batako]

Looks like they can even reach 10.000 backers before the end, this is a great spread among investors.

For sure, still 9 days and 21 hours left and there are already 9470 backers now. 10k backers looks easier to reach then.

[beforedam]

To my knowledge you have never contacted us to talk about your case, or at least I have never heard about it. Instead of spreading information carefully selected to further what feels like your personal agenda against us, you can contact us through the official channels (Telegram, Email) and we can talk about a solution for your case, if you are actually looking for a solution to your pre-ICO purchase.

I'd be interested to see if you give a straight answer on this as I've been following this thread and would assert that he's asked this several times and the answer has been dodged, then what looks like shill accounts drown out what is a legit question.

It should be a very easy question to answer.

[Kakumei]

I contacted you several times. Here in the forum. Along with other people I am still waiting for an answer which, so far, you've been avoiding by cherry-picking the questions you like to answer.

Or are you saying that you are not officially representing utrust?

This is an announcement thread. I’m the community manager and we’re not a 2-3 people team. We have an extensive legal team that advises us on everything. For obvious reasons I cannot and will not provide one on one support here on the forums. We have dedicated staff taking care of legal inquiries that you can reach at legal@utrust.io.

As I have said above, these are the channels you need to go through. If you PM me your email address I can expedite your answer, but this is all I can do for you here on the forums.

[kraterion]

So there's a drama going on about FINMA and Utrust? I want to be honest, if I've invested instead of giving my contribution with twitter bounty only I would be a little bit nervous

[levyashin]

Looks like they can even reach 10.000 backers before the end, this is a great spread among investors.

For sure, still 9 days and 21 hours left and there are already 9470 backers now. 10k backers looks easier to reach then.

This are amazing numbers.

They really made a good job conducting the ico process.

[fraidycat19]

Also invested close to 100 USD in this ICO. Also invested the same sum in Electroneum. These are my first ICOs but I have some experience with crypto. So my question is: are all the ICOs changing terms of their programs(delays on launch, extension of the ICO period, etc)? Because this stuff give me worries that future investment will not raise to the potential of those coins due to these changes in ICO agrements.

[leyton11]

Looks like they can even reach 10.000 backers before the end, this is a great spread among investors.

For sure, still 9 days and 21 hours left and there are already 9470 backers now. 10k backers looks easier to reach then.

This are amazing numbers.

They really made a good job conducting the ico process.

Oh my god! I just forget this project and Utrust has raised a lot of money within short time. But, it seems the time of crowdsale has delay again. In my opinion, we will raise to hardcap soon with the momentum demand of the investors and whale currently .

[kraterion]

Also invested close to 100 USD in this ICO. Also invested the same sum in Electroneum. These are my first ICOs but I have some experience with crypto. So my question is: are all the ICOs changing terms of their programs(delays on launch, extension of the ICO period, etc)? Because this stuff give me worries that future investment will not raise to the potential of those coins due to these changes in ICO agrements.

Some of them yes, some of them no, some of them extend ICO periods with silly excuses like Corion for example, they extended because they claimed that they found a vulnerability in every third party wallets and the extension was due to release a solution for that bug, but guess what? It was pure air

[Voltaje]

Also invested close to 100 USD in this ICO. Also invested the same sum in Electroneum. These are my first ICOs but I have some experience with crypto. So my question is: are all the ICOs changing terms of their programs(delays on launch, extension of the ICO period, etc)? Because this stuff give me worries that future investment will not raise to the potential of those coins due to these changes in ICO agrements.

Some of them yes, some of them no, some of them extend ICO periods with silly excuses like Corion for example, they extended because they claimed that they found a vulnerability in every third party wallets and the extension was due to release a solution for that bug, but guess what? It was pure air

mostly because their project isn't going well so they extend to give time for more funds to gather, increasing the time is not a good move for an ICO, but some do that, at last, its not such a big deal, but sometimes it can be damaging, its up to the criteria of everybody.

[niklasmato]

Also invested close to 100 USD in this ICO. Also invested the same sum in Electroneum. These are my first ICOs but I have some experience with crypto. So my question is: are all the ICOs changing terms of their programs(delays on launch, extension of the ICO period, etc)? Because this stuff give me worries that future investment will not raise to the potential of those coins due to these changes in ICO agrements.

Some of them yes, some of them no, some of them extend ICO periods with silly excuses like Corion for example, they extended because they claimed that they found a vulnerability in every third party wallets and the extension was due to release a solution for that bug, but guess what? It was pure air

mostly because their project isn't going well so they extend to give time for more funds to gather, increasing the time is not a good move for an ICO, but some do that, at last, its not such a big deal, but sometimes it can be damaging, its up to the criteria of everybody.

I wouldn't say that the project isn't going that great. They have raised a significant amount already.. more then a lot of other ico's in the last month.

[haxllega]

Also invested close to 100 USD in this ICO. Also invested the same sum in Electroneum. These are my first ICOs but I have some experience with crypto. So my question is: are all the ICOs changing terms of their programs(delays on launch, extension of the ICO period, etc)? Because this stuff give me worries that future investment will not raise to the potential of those coins due to these changes in ICO agrements.

No it doesn't happen that often but this month was different due to the canceled bitcoin segwit 2x fork. Most ICOs panicked that they get fewer funds than they would if it's a normal month.

[niklasmato]

Did you guys see this.. Supoman has just praised UTRUST again on this channel .

https://www.youtube.com/watch?v=X_8OmqmRQzY

[haxllega]

Bitcoin is taking huge blows, we will see how it will impact the markets, I hope alts will keep rising and it will benefit ICOs.

This month we see the number of ICOs per day on an all-time high. Additionally, the market is very turbulent. It's a big proof that UTRUST collected that much funds it shows the value of the ICO.

[belechau]

Bitcoin is taking huge blows, we will see how it will impact the markets, I hope alts will keep rising and it will benefit ICOs.

This month we see the number of ICOs per day on an all-time high. Additionally, the market is very turbulent. It's a big proof that UTRUST collected that much funds it shows the value of the ICO.

Fortunately for investors and supporters of ICOS, these scams may not reflect so much on Alts, given that many are looking for applications to avoid absurd losses in these times of turmoil, for these, as sure Utrust leads this preference for all its potential with the best ICOs from the moment

[loup]

Bitcoin is taking huge blows, we will see how it will impact the markets, I hope alts will keep rising and it will benefit ICOs.

This month we see the number of ICOs per day on an all-time high. Additionally, the market is very turbulent. It's a big proof that UTRUST collected that much funds it shows the value of the ICO.

Fortunately for investors and supporters of ICOS, these scams may not reflect so much on Alts, given that many are looking for applications to avoid absurd losses in these times of turmoil, for these, as sure Utrust leads this preference for all its potential with the best ICOs from the moment

As expected after the fork the investement on ICO's is raising. This are good news for Utrust.

[sockpuppet1911]

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?

One can hope for that... i'll hope for dump so i can load up this. I saved some for fork so i'll set up some low buy orders.

[tiger5056]

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?

One can hope for that... i'll hope for dump so i can load up this. I saved some for fork so i'll set up some low buy orders.

UTRUST might not go lower. Nice project with growing community support