Hey guys!
I sold all my UTrust tokens with a nice profit; They broke my trust when they sold 150.000.000 tokens at 1USD two days ago without telling anyone ; I mean, they distributed Token for bounty and eventually cashed out a bit ;
They x2 the market cap like this: snap, two sec, pef. This is not acceptable. 150.000.000 added with only 170.000.000 in circulation two days before...
They have a great marketing team, sure. But the team is highly concentrated in few companies; meaning the experience is not wide as in other projects. On the other hand, they do not have an working product at the moment:
No milestones achieved, and yet they issues all these damn additional tokens; USD 300 m market cap for UTrust is too much for me.
I invested in Zeuschield (insurance) & Lampix (augmented reality) to enter into niche markets without relevent competition (Utrust competition is not only Monetha, its also Crypetion & Storiqa & co), good team, & AFFORDABLE valuations in multi billions markets.
AFAIK they (dev) only have 10% from total supply i.e approx 50 million token, so your guessing they have sold 150 million token is wrong. Why they want to make their own token price goes down?
You can see if UTK token recovered a bit and seems will be back to $1