slimypuppy54
Newbie
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Activity: 45
Merit: 0
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November 11, 2017, 08:30:39 PM |
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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-inbegriffenIn 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? Please exlpain your relationship to Marc. |
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Elkmar
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November 11, 2017, 08:44:22 PM |
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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. |
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Rigorous
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November 11, 2017, 09:19:06 PM |
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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. A month ago I calculated a projection of the impact of the token burn rate on the price of UTrust tokens and the Return on Investment. Valuation is a strange thing in the cryptosphere.
If we purely look at the hard numbers:
10% sold at $0.02, 5% at $0.03 and 70% at $0.065
5% issued to bounties and
5 x 2% issued per year "to support future steering of the project" (not sure if these are sold or given to partners)
Average price = $0.049
18 x max. 50M tokens burned each year. That is a 5% gain after the first year.
After one year = $0.051
After two years = $0.054
Will take some years of holding to see ROI.
But again, valuation is a strange thing in the cryptosphere. Bitcoin itself has no intrinsic value, like the dollar, nor is it backed by an army, unlike the dollar. Yet Bitcoin's market cap has surpassed that of Goldman Sachs.
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Trrrt
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November 11, 2017, 09:23:35 PM |
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Yes Utrust will have a burning system for the coin, to manage inflation I think. Its really interesting to see that kind of system and how it will working. Its great for the value of the open I think.
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ParRus
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November 11, 2017, 09:40:42 PM |
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Yes Utrust will have a burning system for the coin, to manage inflation I think. Its really interesting to see that kind of system and how it will working. Its great for the value of the open I think.
yes it's unusual, although I like this idea! this concept would lead that price of token will be more stable. UTRUST team is well thought all nuances and it's great |
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sockpuppet1911
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November 11, 2017, 09:43:08 PM |
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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. Agreed, it should have a good impact... Many of the traders in my feed are interested in coins with a low total supply. |
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kettenschutz
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November 11, 2017, 10:27:14 PM |
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I have a suspicion that Utrust will collect the hard cap ahead of schedule. I bet that it will happen in 5 days.
And this platform seems to be No.1 of it's kind.
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greatteager
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November 11, 2017, 10:34:48 PM |
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I have a suspicion that Utrust will collect the hard cap ahead of schedule. I bet that it will happen in 5 days.
And this platform seems to be No.1 of it's kind.
Why argue? And it is so clear that in a few days all the tokens will be sold, by the way the Kucoin Exchange I like more and more, they play the iPhone top 30 people who trade Red Pulse and other. |
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torry28
Legendary
Offline
Activity: 1680
Merit: 1001
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November 11, 2017, 10:36:21 PM |
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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? Until Nov 20th. It mean there are still 8 more days to invest on here. Currently 429 mln UTRUST tokens have been sold. |
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Elkmar
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November 11, 2017, 10:41:08 PM |
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I have a suspicion that Utrust will collect the hard cap ahead of schedule. I bet that it will happen in 5 days.
And this platform seems to be No.1 of it's kind.
Let's hope you're right on this one. Projects that reach high hard cap attracts the interest of traders. |
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Bambulee
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November 11, 2017, 10:49:41 PM |
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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? Until Nov 20th. It mean there are still 8 more days to invest on here. Currently 429 mln UTRUST tokens have been sold. yes end of the next weekend start the UTRUST ICO Cant wait  |
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greatteager
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November 11, 2017, 10:56:03 PM |
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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? Until Nov 20th. It mean there are still 8 more days to invest on here. Currently 429 mln UTRUST tokens have been sold. yes end of the next weekend start the UTRUST ICO Cant wait Maybe before and immediately listing on the exchange Kukoin, don't miss, at the start you can make a good profit. |
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Rigorous
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November 11, 2017, 10:58:39 PM |
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I wonder where they are going to house all the staff for the dispute resolution. Do they have a separate office for that?
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Bambulee
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November 11, 2017, 10:59:55 PM |
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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? Until Nov 20th. It mean there are still 8 more days to invest on here. Currently 429 mln UTRUST tokens have been sold. yes end of the next weekend start the UTRUST ICO Cant wait Maybe before and immediately listing on the exchange Kukoin, don't miss, at the start you can make a good profit. maybe Kukcoin is a big exchange. Biance would be also great for a good Volume. |
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FIEX
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November 11, 2017, 11:00:18 PM |
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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? Until Nov 20th. It mean there are still 8 more days to invest on here. Currently 429 mln UTRUST tokens have been sold. yes end of the next weekend start the UTRUST ICO Cant wait Maybe before and immediately listing on the exchange Kukoin, don't miss, at the start you can make a good profit. Cant wait to use UTRUST on e-commerce website. Really hope they will get listed very soon on exchanges! |
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toolucky98
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November 11, 2017, 11:11:36 PM |
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Cant wait to use UTRUST on e-commerce website.
Really hope they will get listed very soon on exchanges!
I also hope they can provide the MVP in Q2 2018, faster than planned (Q4 2018) |
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Jree247
Member
Offline
Activity: 70
Merit: 10
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November 11, 2017, 11:35:16 PM |
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Cant wait to use UTRUST on e-commerce website.
Really hope they will get listed very soon on exchanges!
I also hope they can provide the MVP in Q2 2018, faster than planned (Q4 2018) That’s a year after the ICO. |
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lobat999
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November 11, 2017, 11:57:58 PM |
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I wonder where they are going to house all the staff for the dispute resolution. Do they have a separate office for that?
Maybe they could outsourced it from other entities. Dispute issues may grow big as time pass by with UTRUST. |
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magisterr
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November 12, 2017, 12:27:56 AM |
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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? Until Nov 20th. It mean there are still 8 more days to invest on here. Currently 429 mln UTRUST tokens have been sold. yes end of the next weekend start the UTRUST ICO Cant wait Maybe before and immediately listing on the exchange Kukoin, don't miss, at the start you can make a good profit. maybe Kukcoin is a big exchange. Biance would be also great for a good Volume. No, Kukoin is new small exchange. HitBtc more biggest. |
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Pajulapoiss
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November 12, 2017, 12:54:09 AM |
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I wonder where they are going to house all the staff for the dispute resolution. Do they have a separate office for that?
Maybe they could outsourced it from other entities. Dispute issues may grow big as time pass by with UTRUST. Yes, they could hire local support groups in different countries, train them. And they could basically work from home. + set up a phone center, with 24h support |
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