Quote from: Sozialtourist on November 09, 2017, 10:22:56 AM

Quote from: Piggy on November 09, 2017, 09:16:29 AM

Quote from: Jay2408 on November 09, 2017, 09:11:27 AM

Quote from: Yasemin on November 09, 2017, 08:52:24 AM

Quote from: Partizant on November 09, 2017, 08:46:37 AM

This is a good thing

   Team Tokens REDUCED
   Smart Contract AUDITED
   Private Investors VESTED
   500 Million Tokens BURNED

---------------------------

So how much does Utrust finally want to raise money? $21.375.000?
275M (ICO) - $17.875.000
150M (Pre-ICO, investors) - $3.500.000
75M (bounty, marketing, team) - not for sale

With 21M market cap, the token price should triple easily.

I understand the first shock that is hitting everybody, but if you take a moment and think about it, this is also good news. 1 week was short for an ICO

I actually don't like when ICOs are extended but thankfully UTRUST has taken some actions, like burning half of token supply, reducing team tokens + vesting period for private investors, that the extension might not be bad at all.

i agree with you in every point i think they acted quite well and in the interest of the investors.

Usually, I am not a fan when an ICO gets extended beside the soft cap is already reached. But UTrust also cut the maximum amount of tokens in half and not just only extended the ICO. I think it was a good choice.

Extended ICO's duration when the softcap already reached isn't a good choice to take. I am not followed this project very much but this recent case caught my attention.