Quote from: loup on November 09, 2017, 08:37:47 PM

Quote from: bitcoin-shark on November 09, 2017, 08:28:02 PM

Quote from: Sozialtourist on November 09, 2017, 08:06:53 PM

Quote from: FIEX on November 09, 2017, 06:40:40 PM

Quote from: rudster on November 09, 2017, 05:24:03 PM

UTRUST did the right move, and they have been transparent about why they did it. Everyone is only focusing on the fact that they extended ICO and not all the benefits that they gave to the community. I think people just like to be angry because it's easier than reading the whole post.
1. Team Tokens REDUCED ✅
We are changing the amount of tokens that UTRUST will hold from 100 million to only 50 million. The newly released tokens will be added back into the total supply for everybody to purchase during our ICO.

2. Smart Contract AUDITED ✅
Today we are releasing an independent review of our smart contract by Positive.com. We are proud to say that they gave it their approval and that it will be deployed shortly. You will be able to use the contract shortly after the ICO ends and when your KYC is complete.

3. Private Investors VESTED ✅
We talked to our private investors to negotiate a minimum vesting period of 12 months. This is great news as it means that another 100 million tokens cannot be withdrawn or sold for a full year.

4. 500 Million Tokens BURNED ✅
We made the decision to burn 50% of all tokens today, prior to the end of our ICO, permanently reducing the total maximum supply by half. We now have a very limited number of tokens available for sale.

5. Public ICO EXTENDED ✅
Since all these structural changes will result in an improved value proposition, we would like to give everyone a fair chance to participate in our ICO. As a result, we have extended our ICO to end on 20 November 2017 at 2 PM UTC.

EVERY SINGLE POINT is beneficial for the market growth!
They reduced their own supply! That selfless in my opinion.
Smart contract is them showing proof that the tokens are burned and correct amount will be in supply
Private investors are vested, also from telegram the US investors are vested and UTRUST is vested. So the only people that would create a dump, can't.
500M tokens burned & extension, that shows they aren't after money , because if they were then why burn,greedy people would keep the same supply. They are just giving the community a chance to participate because of the market conditions.

Seriously people, it's a great move.

Thanks a lot for making this summary!
Great work!

UTRUST made indeed the right descision. UTRUST to the moon! Wink

Generally, I support their decision to extend the ICO. Nevertheless it would have been better to let the community know earlier about their move. It's not like the date of the Bitcoin Hardfork wasn't announced 2 days ago.

their decision to extend the period of ico is somewhat related to the cancellation of the fork/segwit?...

That's the same thing I thought after reading the news. At least is a good argument for it.

And they are smart for doing it.