UTRUST

[Iruwen]

https://twitter.com/UTRUST_Official/status/935302009237860352:
"We started to roll out KYC to the participants at a rate of a few hundred a day. Please note that the system will send you an email once you were selected and that it selects investors automatically. Keep in mind that we had 14.000 plus participants. Thank you for your patience!"

Assuming a total of 14.000 participants and that they verify 500 people each day which is probably way more than "a few hundred", it will take another month to complete the KYC process for everyone, meaning you won't see any tokens until the end of December or probably even January because of holidays. Way to go UTRUST.

Yeah. And did you post the updated version of this post? Of course not - cause that's no way to spread FUD. Slimy indeed.

There is no update: https://twitter.com/UTRUST_Official

It is straight out illegal to scan your ID or passport in Germany. There's just a few exceptions, like actual banks, and even they are not allowed to scan those documents, only to make a paper copy.

That is simply not true! You should check the current laws in Germany regarding this before you spread wrong information! If you are the owner of the ID/passport you are allowed to scan it as long as it is clear that it is a copy. You can do this with a watermark (copy) or just by copying in black and white.

Lol, if this is true, then sad for Iruwen, he tried to act like a smart fudder, but totally failed.

I missed that the law was changed in July this year, so yeah sorry for not following that. Question is if they will accept it that way, I'm gonna tell you when I get the mail.

[Victory2015]

They proved to be not reliable. They did not mention the KYC process well (especially not during the pre-ico). They changed the rules during the game (I already bought tokens and then they changed the rules). So why would I trust them with my id?! What guarantees do I have that they will treat it with care?! What guarantees do I have it will not be used to steal my identity?! Maybe not be utrust, but who can guarantee it will be safe and will not be stolen from utrust?! Utrust is really putting their reputation on the line here and they better skip this KYC process soon before the harm cannot be undone.

[mrsaint]

They proved to be not reliable. They did not mention the KYC process well (especially not during the pre-ico). They changed the rules during the game (I already bought tokens and then they changed the rules). So why would I trust them with my id?! What guarantees do I have that they will treat it with care?! What guarantees do I have it will not be used to steal my identity?! Maybe not be utrust, but who can guarantee it will be safe and will not be stolen from utrust?!

Especially if you check who they chose to do the KYC. Debt collector Intrum Justitia is the scum of the earth. God knows why they chose to work with them.

[ViperBessa]

     I would like to know how are the situation of those who bought in the pre-sale in August and still did not exist rules on KYC, I have driver's license, identity and proof of residence but I dont have a passport, and in my country it can take a few weeks or months, especially at the end of the year when the public service goes on vacation, not to mention all the bureaucracy, I would like to get my coins and I dont want a refund.

[slimypuppy54]

     I would like to know how are the situation of those who bought in the pre-sale in August and still did not exist rules on KYC, I have driver's license, identity and proof of residence but I dont have a passport, and in my country it can take a few weeks or months, especially at the end of the year when the public service goes on vacation, not to mention all the bureaucracy, I would like to get my coins and I dont want a refund.

Although this is the official thread, you won't get any answer here. Try their telegram channel or other social networks.

[Victory2015]

Remember they will have it all...
- your signature (on the form)
- a copy of your id (full picture, no way to put a date and purpose on the copy so it cannot be used by anyone else)
- your address information
In my country that's sufficient to open a bank account, to get a credit card, to order a mobile phone, to get supplements from the government, etc.
And what do we have? Is there anything like 'know your supplier'? Do we have any prove they are real and reliable? Do we have any government or authority we can go to to claim any damage caused by Utrust?

Is there anyone who already provided all these things to Utrust? I would suggest we all refuse... just see what they will do then... Would they really keep the money and the tokens if we refuse?

[Victory2015]

From https://zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-306.711.992#
Brühwiler, Marc, von Fischingen, in Baar: why is that guy not mentioned on https://utrust.io/team?
Bahnhofstrasse 20 6300 Zug: refers to http://www.hofstetter-lederwaren.ch/

[Victory2015]

https://bitcointalk.org/index.php?topic=2078433.7750;wap2
That guy was involved in a financial scam??!?!

[kraterion]

Remember they will have it all...
- your signature (on the form)
- a copy of your id (full picture, no way to put a date and purpose on the copy so it cannot be used by anyone else)
- your address information
In my country that's sufficient to open a bank account, to get a credit card, to order a mobile phone, to get supplements from the government, etc.
And what do we have? Is there anything like 'know your supplier'? Do we have any prove they are real and reliable? Do we have any government or authority we can go to to claim any damage caused by Utrust?

Is there anyone who already provided all these things to Utrust? I would suggest we all refuse... just see what they will do then... Would they really keep the money and the tokens if we refuse?

Lmao all of this really? I can't informations on bounty thread but I really hope they don't ask for KYC for bounty program since I joined only twitter bounty and not with actual money (well with money if it will go under ICO price in exchanges)

[topswattashawn]

https://twitter.com/UTRUST_Official/status/935302009237860352:
"We started to roll out KYC to the participants at a rate of a few hundred a day. Please note that the system will send you an email once you were selected and that it selects investors automatically. Keep in mind that we had 14.000 plus participants. Thank you for your patience!"

Assuming a total of 14.000 participants and that they verify 500 people each day which is probably way more than "a few hundred", it will take another month to complete the KYC process for everyone, meaning you won't see any tokens until the end of December or probably even January because of holidays. Way to go UTRUST.

Yeah. And did you post the updated version of this post? Of course not - cause that's no way to spread FUD. Slimy indeed.

There is no updated version of that post and if so, feel free to post it together with the source.

How much does UTRUST pay you to discredit people? 

If you join their Telegram group, (of which I am sure you are aware since you posted a link with conversation from said telegram group) where they are manned almost 24h/day and actively respond to user queries, you will see their Admin @rebers posted the following in response to questions:
"Right now 200/day, we’re looking to scale it to thousands a day within days." (6:55 a.m. yesterday) as well as
"And we said very clearly that we will not answer this question. I said yesterday also that we are about to scale up KYC to several thousands a day. So please stay patient and acknowledge that the whitepaper is crystal clear." (5:57 a.m. today).

No discrediting. Just an intelligent user who actually uses his resources. You seem to be keen on pushing anything negative. That is your prerogative and right, however, I would suggest you utilize your intelligence to objectively present different angles of your and their story.

I have no interest in UTRUST, nor do I get paid as you sinisterly hypothesize, however, I am a serious investor that does detailed research and there are always negatives and positives to every single investment. If any investment in the world was 100% fullproof, there would be no need for anything but said investment, and we would all be rich.

Take what you will from my statements. From your previous comments, I'm sure there will be a negative spin.

[slimypuppy54]

@topswattashawn:
I left the Telegram channel several weeks ago after asking questions which were intentionally avoided leaving me unsatisfied. Although team members do reply there, these are in no way official statements to be relied upon as you can see in my previous posts. Besides, finding useful posts in this thread took too much of my time already.

Since the end of the ICO no newsletter has been dispatched and I had to crawl their different social media accounts to gather different bits of information on updates, just to find mostly generic posts advertising some videos from past months and this forum. In the end I found the Twitter post, shared it here and did some basic math.

Good to know they are making progress. Clearly the token release delay goes beyond the time frame announced in the whitepaper, contrary to the message you quoted. Why not send a newsletter as promised or announce it on the main social media platforms? Not long ago we received emails almost daily telling us about the ICO progress. This is what leaves a bad impression on me.

On the positive side, I'm glad to see that the spam has stopped and a normal discussion is possible here.

[wdtd]

UTRUST is great project has everything to be very promising.i missed ICO, reason is country.but i will hope buy to come market. i i guess utrust project next big thing in the cryptocurrency payments.Waiting more updates and more surprise.Read through the white paper .... Its confirmed great.I will support this project .Good luck UTRUST

[safi71]

UTRUST is great project has everything to be very promising.i missed ICO, reason is country.but i will hope buy to come market. i i guess utrust project next big thing in the cryptocurrency payments.Waiting more updates and more surprise.Read through the white paper .... Its confirmed great.I will support this project .Good luck UTRUST

In occasion of expectation of even greater surprises sounds as sarcasm. One "surprise" with verification has already been received. Let's hope that surprises will be only pleasant in the future.

[RonMank]

- they announce KYC before the ICO, so everyone should know
- presaler didnt know.......i dont know how to handle this
- I would like to know where the people live who saying that they dont have an ID.

- i already had the experience that also bounty participants had to do a KCY (mysterium)

[Victory2015]

http://www.moneyhouse.ch/p/bruhwiler_marc-12458339/verbindungen.htm
I am still wondering why that guy is involved in so many companies and why he is the only one registrated as part of the management team of Utrust... and not mentioned on the website as part of the team... Why is Utrust nog transparant about this? If there is nothing to hide, why hide it?

[turkandjaydee]

http://www.moneyhouse.ch/p/bruhwiler_marc-12458339/verbindungen.htm
I am still wondering why that guy is involved in so many companies and why he is the only one registrated as part of the management team of Utrust... and not mentioned on the website as part of the team... Why is Utrust nog transparant about this? If there is nothing to hide, why hide it?

Try to ask this in the telegram : https://t.me/utrustofficial

[slimypuppy54]

http://www.moneyhouse.ch/p/bruhwiler_marc-12458339/verbindungen.htm
I am still wondering why that guy is involved in so many companies and why he is the only one registrated as part of the management team of Utrust... and not mentioned on the website as part of the team... Why is Utrust nog transparant about this? If there is nothing to hide, why hide it?

Try to ask this in the telegram : https://t.me/utrustofficial

I did. My questions were basically ignored and I was told to stop asking and to contact Marc personally for further information. Make what you want of this kind of reply.

[Zechie]

The market ETH/BTC is going up like hell since ICO ends and we are sitting here and wait for the Token payout

[ankit10]

whether singnature already can be removed ....
please inform me

Yes , you can remove your signature now.

[Iruwen]

    I would like to know how are the situation of those who bought in the pre-sale in August and still did not exist rules on KYC, I have driver's license, identity and proof of residence but I dont have a passport, and in my country it can take a few weeks or months, especially at the end of the year when the public service goes on vacation, not to mention all the bureaucracy, I would like to get my coins and I dont want a refund.

According to their Telegram, people who have been in the presale are eventually eligible for a refund on an individual basis with no guarantees. Since they changed the sale conditions after the sale, this shouldn't be an issue though, just contact their "legal department", iirc the address is legal at utrust dot io.

I understand their replies may sound a bit rough on Telegram, people are quite aggressive there. While I see some red flags on this project, I guess they might really just have been a bit naive when they started it and somehow didn't do sufficient background checks on Marc Philipp Brühwiler.

So I've gone through the KYC process now. Its's probably most convenient to install their IDnow app. Waiting time was ~20 minutes as announced, with one other person in the queue before me (the app shows this info, I have no idea how they are supposed to process several hundred cases per day at that speed, but okay). Whole process took about 15 minutes. Greeting was in English, but since I knew they're a German company and I heard the guy doing it was from Switzerland, I continued in German. Had to show the front and back of my ID, still not convinced this is completely legal as he took photographs of it and you have to show the original document. He also takes a photo of you and you have to provide the proof of residency, so have that ready as well! Not only the ID (or passport)! It was sufficient to point the camera to the bill I had on my PC though, didn't have to print it. He then did some stuff while I was waiting and that's it, you'll be redirected to the UTRUST site which says final processing will take about two days and you'll receive a mail when it's finished.

/e: I read their privacy statement and they don't use the identity data for anything else besides the actual KYC. Since German and Swiss law is pretty strict and the penalties can be drastic, I believe that.