What promises UTRUST is deception, which the developers are not going to implement!
Please elaborate it the final ICO will be in less than a month and so many people believes that Utrust is a sure success and profit for every investors, if you have something to tell to us please do it now so we will be careful for this
Hunters bounty fool you. UTRUST developers copied the idea from Monetha and 3 weeks later after the Monetha has announced its ICO. They offer you to sponsor the attempt development of the platform, but no guarantees can not give. They will be more than a year to do that kind of work, and in that time the price of the token will approach zero. Who needs it?
0.065 value of the tokes now right ? and this is really like monetha but that is good right a new competitor ? this will balance the market and having a healthy competition is good in any business..
UTRUST is very similar to cheating. They will collect money from you, but can't guarantee anything. Developers UTRUST need to move their ICO to 2-3 years when something is ready.
Why do you say that? They could be collecting money to hire more staff for their company. You're telling me no startups raise money from investors before their product/platform is created?
looks like YURY1 know alot of this project he seems to have some thoughts with evidence, if there's something kindly tell it all and if you have evidence show as we are here to listen. but if you dont have please stop it coz were here to support utruust and wait for the 3rd ICO
The developers UTRUST is not has a prototype of the platform. Why do they spend ICO so early? They only promise to try to develop it. If you have trading experience in the market, then you know that if there is no finished product the tokens UTRUST will not buy and the price will fall to zero. I want to warn investors that they not have lost their money.
You are diehard upporter of monetha. Can you please explain to us what is happening to monetha.
Monetha will charge a 1.5% transaction fee from merchants. Of that, 0.5% will go to a Voucher Smart Contract in a for of MTH for Monetha token holders for an ability to use that in the Monethas ecosystem and other 1% will go to the company as revenues. (Coinbase also enables merchant to receive payments with a working API, they charge 0 fees to use their services)
On top of that only 50% of the tokens issued in the ico go to investors, this also means if Monetha were to sell all of their tokens, they would still pocket 66% of all future revenues. At this current model, investors are really only getting 16.5% (33% x 50%) of the revenues generated from Monetha. This is not even considering the massive competition they have in this space from Omise, Tenx and Metal. There is really no point in having an ICO if the project is this centralised and unfair, this project sounds more like a cash grab. Also removing any criticism of their ICO on their reddit? What kind of 'decentralised' project would silence critics?
You took the words out of my moth. I was about to say this half of monetha tokens own by the tam so the 50% of the token holders revenue will be taken by the team if they ever make the platform. Where is the 90% if utrust tokens are Owen by the public.
a fortune teller or a monetha die hard ? dont plat those bombs here, at first i thought you are telling us waht you saw and you have some proof but not its a poop already coz you really sounds like hating the project for the love with monetha? are you a paid poster ?
So many people asking so here you go. My personal review of Monetha vs UTRUST:
The Monetha Team:
- Small and not even a single software engineer
The UTRUST Team:
- Large and with a highly technical background
Monetha Whitepaper:
- Confusing and hard to understand if this is something really needed
UTRUST Whitepaper:
- Very clear to understand the model just by glancing at the paper summary
Monetha fees for seller:
- 1.5%
UTRUST fees for seller:
- 1%
Monetha Concept:
- Simplistic view and solves no intrinsic problem.
UTRUST Concept:
- Solves a major problem in crypto payments - Buyer protection for cryptocurrency. This is something that is needed for the mass adoption and doesnt exist. Can be easily used by merchants and private sellers alike.
Monetha accepts:
- Just ETH.
UTRUST accepts:
- All major cryptocurrencies.
Monetha adoption by merchants:
- Limited to merchants that wish to accept ETH and no other cryptocurrencies. Amazon, Ebay, Ali, and many more already have feedback scores, therefore Monethas model will not gain tracking and be adopted by any major merchants. Since it solves no problem, very low appeal to buyers.
UTRUST adoption by merchants:
- Buyers can pay with multiple cryptocurrencies and have a safety net when making their payments, with sellers having a higher selling rate. Will gain organic traction, bringing more clients by referral as they feel more satisfied and protected.
-Monetha adoption by buyers:
- Buyers can only pay with ETH. Feedback score system already exists and solves no problem in practice. Feedback rate is unreliable and subject to false reports and paid bias, as many others.
UTRUST adoption by buyers:
- Buyers can pay with multiple cryptocurrencies. Buyers feel safer making payments with cryptocurrencies knowing that if something goes wrong they can appeal, escalate and be refunded.
If you pay with Monetha and an vendor scams you, the only thing you will be able to do is put a negative review and your money is gone. With UTRUST you will get your money back.