Quote from: Kakumei on September 29, 2017, 06:06:06 AM

Quote from: mike0182 on September 29, 2017, 05:33:41 AM

Their website says: MAXIMUM CROWDSALE CAP 49M USD but but about softcap I find it difficult to answer...

What is your definition of a soft cap?

Quote from: Nargiza on September 28, 2017, 08:49:17 PM

Hello again sorry that I am a little bit annoying today. But I don't fully understand. WP page 18 last paragraph about refunds? So if buyer will be refunded the fees will go to 2 % it's correct?

Thanks in advance

Quote from: Nargiza on September 28, 2017, 09:41:01 PM

So the buyer loses its 2 % even is not his/her foult Huh

Only if a mediator is needed. If e.g. the seller admits they made a mistake you will receive 100% of your funds back (in fiat). Should the case require a mediator, there will be an additional 2% (on top of the 1%) that will be deducted from the refund (in fiat).

Quote from: Affchain on September 28, 2017, 11:35:14 PM

3.5 million raised during the pre-sale and aiming for 45 million more during the token sale? Those are high numbers but those kind of results are happening on almost a daily basis now. Money is flying around here like it's going out of style!

All of our funds are actually already allocated and having a large team (including 15 engineers) costs real money, particularly if you are planning on paying them for several years to get your product out of the door.

Quote from: Rigorous on September 28, 2017, 09:08:29 PM

Have these questions regarding the banking licenses been answered? I think they were buried beneath the red color posts a few days ago.

Quote from: Korsakopf on September 26, 2017, 08:53:29 PM

Quote from: Rigorous on September 26, 2017, 07:37:47 PM

According to the UTRUST whitepaper 12% of the funds will be allocated to legal and regulation. Does that include global banking licenses?

When we take a look at PayPal, their status differs per region. In Europe PayPal is legally regulated as a bank, in the US it is a money transmitter. This subject is not trivial.

https://en.wikipedia.org/wiki/PayPal#Regulation

Good question. Operating globally means dealing with a lot of different laws which can cost a lot of money. Will there be focus on specific regions on the start?

This is a very interesting question and we will release more information on this within the next week as well. It is probably going to be more than 12%, I can tell you that. I can leave you with the knowledge that our legal team in Switzerland is very high profile and knows what is required to give UTRUST the legal foundations required. 👍

Hi, thank you for update