UTRUST

[sockpuppet1911]

There are two sites offering ICO

One is https:scamscamscam
And the other https://utrust.io

I could have possibly made a huge mistake.

Is one a phishing site?

Or should I ask which one is phishing site?

Every ico has some double scam website. People always falling for it.

Never ever send money before double checking the web site and the adress.

This is an annoying problem. I used to use weboftrust for marking scam sites until i learned that they recorded sold every information they could gather from me. I wish that there was a similar addon that wouldn't steal my information.

[Sozialtourist]

What caused the reduction of tokens by 500 million? I don't understand why the initial conditions were changed.

They reduced the maximum amount of tokens when they decided to extend the ICO.

[mike0182]

It seems that everything goes to the fact that Strong will collect the hard cap ahead of schedule.
The distribution of tokens will be changed from 500 million to 250?

I do not think that they will collect hard cap, the fees are very slow, the main investors have already invested their money in the this project.

[niklasmato]

So what happen with the total tokes to be distributed? I saw it has magically dropped, it was I think double or so a few days ago?

if I am not wrong the total supply of token will be burned 50%
and this is a great news. we hope this project will be success.

Yes this will happen 50% of the total supply will be destroyed so now only few tokens left for sale. This is good news for all investors and those who already staked some amount into this ICO. I hope so now this project has good chance to get sold before finish of countdown.

They burned 500 million tokens, thats 50% of all tokens and they reduced tokens reserved for the team from 100 million to 50 million.

That's actually a big reduction of tokens. In the long run the tokens wil be worth a lot more. Especially for all investors who already bought.

[Elkmar]

It seems that everything goes to the fact that Strong will collect the hard cap ahead of schedule.
The distribution of tokens will be changed from 500 million to 250?

nope, it was 1 000 million and got changed to 500 million, the other half gets burned. therefore, they will reach the hard cap for sure within the last days left.

and in 2018 it will skyrocket and we get rich with utrust

Good to see we will reach the hardcap, those kind of projects are needed to popularise the use of cryptocurrencies.

[niklasmato]

It seems that everything goes to the fact that Strong will collect the hard cap ahead of schedule.
The distribution of tokens will be changed from 500 million to 250?

I do not think that they will collect hard cap, the fees are very slow, the main investors have already invested their money in the this project.

I think they will reach the hard cap.. But the raised funds right now is already more than sufficient to build the product for the next couple of years.

[the_donald]

It seems that everything goes to the fact that Strong will collect the hard cap ahead of schedule.
The distribution of tokens will be changed from 500 million to 250?

I do not think that they will collect hard cap, the fees are very slow, the main investors have already invested their money in the this project.

I think they will reach the hard cap.. But the raised funds right now is already more than sufficient to build the product for the next couple of years.

that's what I'm thinking. by then they will have a product an a way to become self sufficient.

[kraterion]

So what happen with the total tokes to be distributed? I saw it has magically dropped, it was I think double or so a few days ago?

if I am not wrong the total supply of token will be burned 50%
and this is a great news. we hope this project will be success.

Yes this will happen 50% of the total supply will be destroyed so now only few tokens left for sale. This is good news for all investors and those who already staked some amount into this ICO. I hope so now this project has good chance to get sold before finish of countdown.

They burned 500 million tokens, thats 50% of all tokens and they reduced tokens reserved for the team from 100 million to 50 million.

That's actually a big reduction of tokens. In the long run the tokens wil be worth a lot more. Especially for all investors who already bought.

It doesn't make a difference, tokens will be burned eventually, to reach a supply of 100M tokens in any case

[magisterr]

So what happen with the total tokes to be distributed? I saw it has magically dropped, it was I think double or so a few days ago?

if I am not wrong the total supply of token will be burned 50%
and this is a great news. we hope this project will be success.

Yes this will happen 50% of the total supply will be destroyed so now only few tokens left for sale. This is good news for all investors and those who already staked some amount into this ICO. I hope so now this project has good chance to get sold before finish of countdown.

They burned 500 million tokens, thats 50% of all tokens and they reduced tokens reserved for the team from 100 million to 50 million.

That's actually a big reduction of tokens. In the long run the tokens wil be worth a lot more. Especially for all investors who already bought.

It doesn't make a difference, tokens will be burned eventually, to reach a supply of 100M tokens in any case

this is have difference, in how many years tokens reach 100 mln supply. So, Im also interesting, how many tokens will be burned every year now?

[sportsman18]

So what happen with the total tokes to be distributed? I saw it has magically dropped, it was I think double or so a few days ago?

if I am not wrong the total supply of token will be burned 50%
and this is a great news. we hope this project will be success.

Yes this will happen 50% of the total supply will be destroyed so now only few tokens left for sale. This is good news for all investors and those who already staked some amount into this ICO. I hope so now this project has good chance to get sold before finish of countdown.

They burned 500 million tokens, thats 50% of all tokens and they reduced tokens reserved for the team from 100 million to 50 million.

That's actually a big reduction of tokens. In the long run the tokens wil be worth a lot more. Especially for all investors who already bought.

It doesn't make a difference, tokens will be burned eventually, to reach a supply of 100M tokens in any case

this is have difference, in how many years tokens reach 100 mln supply. So, Im also interesting, how many tokens will be burned every year now?

Will take 9 years to reach 100 mln supply.

[TentallyMooN]

So what happen with the total tokes to be distributed? I saw it has magically dropped, it was I think double or so a few days ago?

if I am not wrong the total supply of token will be burned 50%
and this is a great news. we hope this project will be success.

Yes this will happen 50% of the total supply will be destroyed so now only few tokens left for sale. This is good news for all investors and those who already staked some amount into this ICO. I hope so now this project has good chance to get sold before finish of countdown.

They burned 500 million tokens, thats 50% of all tokens and they reduced tokens reserved for the team from 100 million to 50 million.

That's actually a big reduction of tokens. In the long run the tokens wil be worth a lot more. Especially for all investors who already bought.

It doesn't make a difference, tokens will be burned eventually, to reach a supply of 100M tokens in any case

this is have difference, in how many years tokens reach 100 mln supply. So, Im also interesting, how many tokens will be burned every year now?

As I understood some % wiill be burned after each transactuin,rigth?So I think the holders will win a good profit.We can not know how much tokens will be burned every year,it depends on how much transactions will be held on the platform.

[Jay2408]

So what happen with the total tokes to be distributed? I saw it has magically dropped, it was I think double or so a few days ago?

if I am not wrong the total supply of token will be burned 50%
and this is a great news. we hope this project will be success.

Yes this will happen 50% of the total supply will be destroyed so now only few tokens left for sale. This is good news for all investors and those who already staked some amount into this ICO. I hope so now this project has good chance to get sold before finish of countdown.

They burned 500 million tokens, thats 50% of all tokens and they reduced tokens reserved for the team from 100 million to 50 million.

That's actually a big reduction of tokens. In the long run the tokens wil be worth a lot more. Especially for all investors who already bought.

It doesn't make a difference, tokens will be burned eventually, to reach a supply of 100M tokens in any case

this is have difference, in how many years tokens reach 100 mln supply. So, Im also interesting, how many tokens will be burned every year now?

As I understood some % wiill be burned after each transactuin,rigth?So I think the holders will win a good profit.We can not know how much tokens will be burned every year,it depends on how much transactions will be held on the platform.

Originally, they planned to burn up to 50 m tokens per year, maybe now with the halving of token supply the maximum will be 25m tokens per year.

[Rigorous]

Originally, they planned to burn up to 50 m tokens per year, maybe now with the halving of token supply the maximum will be 25m tokens per year.

Good point, I forgot about that! That was not mentioned in the ICO extension announcement, right?

[tiger5056]

Originally, they planned to burn up to 50 m tokens per year, maybe now with the halving of token supply the maximum will be 25m tokens per year.

Good point, I forgot about that! That was not mentioned in the ICO extension announcement, right?

how long ICO is extended? what is total cap raised?

[Jay2408]

Originally, they planned to burn up to 50 m tokens per year, maybe now with the halving of token supply the maximum will be 25m tokens per year.

Good point, I forgot about that! That was not mentioned in the ICO extension announcement, right?

Yes, you're right, it wasn't mentioned, maybe they forgot about that, too  . It would only be logical to adjust the yearly max. token burn imo.

[Krackerbush]

New to UTrust kan u explain to me how the payment mechanism works in layman’s terms? Please

[sportsman18]

New to UTrust kan u explain to me how the payment mechanism works in layman’s terms? Please

Read the Whitepaper. https://utrust.io/whitepaper

[sockpuppet1911]

New to UTrust kan u explain to me how the payment mechanism works in layman’s terms? Please

Read the Whitepaper. https://utrust.io/whitepaper

He said "In layman's terms". I suck at that so i'll leave it for someone who is better at explaining things. Maybe there should be Utrust for dummies A5 sized paper. Some kind of "how to cheat sheet".

[slimypuppy54]

Why of all possible KYC methods UTRUST has chosen to outsource it to a debt collector and one that looks to have a questionable reputation at that?

Their company in Switzerland, Zug, is a letterbox company, handled by a small local trust firm (eMBe Finanz GmbH). Perhaps the person running that company for them (Marc Brühwiler) is a friend with Intrum Justitia.

Marc Brühwiler can be found in the Swiss press, not exactly the best kind of press:

https://www.beobachter.ch/finanzen/vermogensverwaltung-kapitalfehler-inbegriffen

In short, it's about a scam financial firm. Lots of money got lost somewhere in Latinamerica. Firm was domciled in Panama. Only member of the board was Marc Brühwiler. He then moved on with another company with the slogan "the best for your money", again with Panama as domicile.

Btw, don't you find it strange that the only person of the board of utrust is someone who is not involved with the company?

Why is the director of UTRUST Switzerland AG, Marc Philipp Brühwiler [1], who apparently was involved in a financial scam in 2004 [2] not listed on your web site? What is his relation to your team?
Sadly my questions in the Telegram group remained unanswered and I was instructed to contact Marc personally for further information.

1: https://www.moneyhouse.ch/en/company/utrust-switzerland-ag-12191824201
2: https://www.beobachter.ch/finanzen/vermogensverwaltung-kapitalfehler-inbegriffen

Please exlpain your relationship to Marc.

[Elkmar]

Originally, they planned to burn up to 50 m tokens per year, maybe now with the halving of token supply the maximum will be 25m tokens per year.

Good point, I forgot about that! That was not mentioned in the ICO extension announcement, right?

I did not even know about this big burn. Should have a good impact on the market.