Quote from: Alexandr Korelko on August 11, 2017, 02:56:42 PM

Quote from: temple on August 11, 2017, 02:18:44 PM

50 million dollars is quite an ambitious goal. I hope it will be backed up by appropriate communication and action. Otherwise I can't really see how you are going to reach that. Also, the undisclosed part is really bad. Why wouldn't you just say how much they paid? It gives newer investors the chance to judge how likely it is that they are being dumped on extraordinarily hard.

To add to this, the structure is unbelievably bad for early investors. If the token is issued immediately:

-Phase 1 already exists and can dump on Phase 2 holders at any time
-Phase 2 holders have an upper boundary of $.04/token and can be dumped on at any time
-Phase 3 has an upper boundary of $.05 and can be dumped on twice as hard, etc.
...
-If the bull market reverses at any point during the ICO (let's say Phase 5) and a tranche is undersold, the people who bought during the .06 phase might wind up owning twice as much at .03 per, meaning everyone else is instantly dumped on 4 times as hard

If the token is not issued immediately, investors are locked into holding for months/years. Filecoin can do that. You're not Filecoin.

This is one of the worst ICO formats I've seen yet. If it's not reworked, I will avoid it.

Hi Alexandr,

Your presumptions are incorrect. Firstly, upon Pre-ICO closure, the ICO will start in no more than one week's time.
Each round of the ICO will have a maximum duration of 7 days. Each round will close the moment the tokens are sold out, with the next round beginning in 24 hours. This means that:
- In this best-case scenario (the one we are fully confident will happen) the duration of the ICO will be 14 days.
- In the worst-case scenario, the duration will be 55 days (with each one of the 7 rounds closing in 7 days, plus the 24h timeframe in between).

The UTRUST Tokens will be issued to investors 3 days after the ICO closes.
We are confident that our structure is one of the best you will find.

Please let us know if you have any other questions and we will be more than happy to reply.

All the best,
The UTRUST Team