Re: [ANN][ICO] 🔵 UTRUST 🔵 The future of online payments is here.
We are not an open source company and never intended to be one. We are also not listed on GitHub (not sure who's profile that is, but it isn't ours).
Right. You do realize that this profile, which is not yours, lists two users.
https://github.com/orgs/utrustdev/people
* Fernando Mendes https://github.com/fribmendes
* Miguel Palhas https://github.com/naps62
So I assume these two profiles must also be fake and not really yours then? Since both are members of your team... https://utrust.io/team
You do realise that our company has 15 engineers, not two, and if two of them signed up for something it doesn't mean this is the company profile we're using. Plus, even if we were using GitHub, the repositories would be private and not open to the public. You don't go to GitHub to lookup the source code of Windows either!
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We are also not using a smart contract to collect funds because that isn't possible when you also want to accept Bitcoin (which we do). Smart contracts are only used in projects that only accept Ethereum as a contribution and automatically send tokens back. For several reasons (Bitcoin, KYC, ...) that is impossible to achieve right now.
You preferred the option to accept Bitcoin over the transparency achieved through a smart contract? Curious.
Thanks for stopping by though. Do you mind sharing some more input about some other aspects?
* Why is nobody of the team, including the CEO, a director of utrust?
* Why did you choose a debt collector to do the kyc process?
* Why did you change the terms between the ICO and the pre-ICO, and what can people who participated in the pre-ICO access their tokens without agreeing on the new terms?
Thanks in advance.
* Why is nobody of the team, including the CEO, a director of utrust?
* Why did you choose a debt collector to do the kyc process?
* Why did you change the terms between the ICO and the pre-ICO, and what can people who participated in the pre-ICO access their tokens without agreeing on the new terms?
Thanks in advance.
Your questions are very quickly answered.
- Simple: You need a permanent resident living in Switzerland to open the company type we chose. Just because there is only one director now, doesn't mean there is only ever going to be one. Our legal, financial arms and place of incorporation are in Switzerland (UTRUST Switzerland AG). Our operational branch (Engineering/UX/...) is in Portugal. More directors will be added in due time.
- First of all, they are not a dept-collecting company. They're a group that offer a variety of services, including debt collecting in some countries and compliance that we are contracting. There are very few KYC companies in the world that are FINMA approved, they are one of them.
- We are allowed to change the terms within certain boundaries at any given time, just like every other company in the world. Particularly when it comes to changing regulation, which in our case required us to enforce KYC on all participants, including pre-ICO ones. Naturally, this is not something we want to do as it costs money and is a hurdle/hassle for everybody. However, since we are a fully compliant ICO, we comply to the current law and regulations, and will continue to do so.
Rest assured that we are actively looking into adding more countries (as we announced in our last email) and will also continue to do so.
Hope this helps!