Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] 🔵 UTRUST 🔵 The future of online payments is here.
by
Piggy
on 29/10/2017, 18:40:08 UTC
It's great that they also allow US investors. Not many projects lately allowed this.

Woah, hold it! They are still checking, nothing is not settled yet. If UTrust tokens are considered securities it is a no-go for US investors. There is also a chance UTrust raises a red flag in the US because of "activities that relate to transactions that involve currency exchanges or check cashing businesses". Then again there are also crypto exchanges in the US like Bittrex and Kraken.

These tokens can't be considered securities, not so far anyway. I think I remember that the dev's made some research into this.
There was some statement about this. Anyway if you want to participate in crowdsale then you can just use some VPN

I remember there was a paper a couple of weeks ago, it was official from UTRUST, it was basically full of legal stuff and explaining how the token works and how is not giving dividends per se.
UTRUST will instead use part of the fees coming from the people usong their payment system to buyback token in the market and burn them. This is a legal shortcut to overcome the security legislation but guarantee a steady increase in the token value over time.

There have been other psrojects using the bayback as a way to control the price of the tokens