Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] 🔵 UTRUST 🔵 The future of online payments is here.
by
viljy
on 27/10/2017, 23:49:50 UTC
It's 850Mil Token project, for me ICO prices those days look very expensive/overpriced calculated to profit creators not owners. I remember, investing 200$ in 2015 in NAV coin could bring you 70K profit in 2017 on peak, what I mean is Total Token supply of NAV was 61Mil and it took 3 years to reach 2$. For 200$ you could buy approx. 33K coins, that you could easy sell for 1$ = 33.000 $
now uTrust cost 0.065c and you need around 250.000 at least to have profit = 16.250$ this is just example how hard became to invest in crypto since cold calculated ISO took pace instead coins.

I strongly agree with you but here supply will decrease overtime because Utrust team will buy tokens from market and burn them, using a percentage of the platform's fees

It is %90 percent in 20 years actually. They will burn %90 of the tokens in 20 years. It's a very long-term but a good vision. At least they won't burn them all 19 years later, they will burn each year 50 million of it. First-year even market cap comes %5 negative your token price will be same.

We will burn a MAX of 50 million each year. So the fastest possible time it can reach the min cap of 100 million is about 18 years. It could take longer

It's good that the tokens will be burned. This deflation will support the price of the tokens. Well, in the process of project development it is possible that the price of tokens will also increase. This will depend on the work of the developers.