I will further add to the answers above:

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The right to become a validator is by "buying" it from trestor but there is no return as profit!

Not true. Anyone can run a validator. This is somewhat similar to proof of stake systems. One needs to have a defined minimum amount of Trests in their account to participate in voting. To bootstrap the network initially, the amount of Trests required to run a validator node is high so that attacker has no incentive to add node(s) and gain 80% of consensus to corrupt the network. This is why initially Trestor will give Trests to selected universities (read: trusted entities) so that they support network by running a validator.

As more nodes are added to the network, by consensus of existing validators, this minimum amount reduces and it will get easier for an individual to participate in voting. But at the same time it becomes harder for attacker to achieve 80% consensus. The idea is to have sufficiently big amount (or money) required for someone to break or corrupt the network; which is same as bitcoin where it is calculated in terms of computing power and which translates to money again.

About Incentive or Profit: Projects like TOR, Torrent network, Wikipedia and many others are successfully running despite of having no incentive for people helping/volunteering for it. Actually the incentive doesn't have to be in terms of money. It is just that people really enjoy to help a good cause.

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If there is a dispute, there is no history and resolving it is purely a matter of Trestor's discretion.

Again, not True. Simply put, it is NOT Trestor's discretion. Trestor, or anyone else for that sake, can not change history, or the closed ledger (UNLESS they have 80% of network control, in which case they can rewrite all of the network. This number is just 51% in case of Bitcoin). Also, The network stores history and the current state can be verified by history or vice-versa (so if Trestor or anyone changes anything in ledger or history, it will be easily detectable). Important thing to note here is that history does not define current state, which makes it different from bitcoin. Validators vote for the ledger and once there is a consensus, ledger is updated and closed with it's hash (and history is updated). Also as mentioned earlier, a 51% attack on bitcoin can also change history, here one would have to gain 80% which is even more difficult as explained in the answer above.

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Trests however have fixed rate.

Right. Except trestor is not a cryptocurrency.
Just because it is a digital currency using cryptography doesn't make it a cryptocurrency.

Umm, again incorrect. Say if there is a exchange (or bitcoin foundation itself) who is always willing to buy/sell any number of bitcoins at USD 300. The value of bitcoin rises to USD 300 and stays there (but yeah, no one would ever do that).
In this case, Trestor Foundation is willing to exchange any number of trests for 0.01 USD, so it may seem like Trests have a fixed value, which is not the case. No one is bound to exchange Trests at this rate, they can exchange it at a lower or higher rate (subjective value). This also answers the legality of Trestor network in India or anywhere and how Trest is a cryptocurrency.

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Trests are 100% pre-mined and owned by Trestor Foundation.

Yes that is true. Trestor Foundation is committed to nourish and grow Trestor Network. Assigning 100% of trests at genesis to Trestor foundation helps the network in multiple ways.

In bitcoin network, one can get bitcoins by mining (thus helping the network). In trestor network, one can get Trests by volunteering, contributing to code, helping spread the word, running a validator (and thus helping the network).

So instead of competing (mining) with each other and wasting resources, people can help the cryptocurrency network in many other ways. It is not limited to buying expensive hardwares to mine.

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When you buy trests, its not a purchase but a donation, so there is no legal protection for you.

I am unable to understand what sort of legal protection is required?
Getting Trests from Trestor foundation is comparable to mining. Is there any sort of legal protection required when one mines bitcoins? No, because the bitcoins themselves can be verified and same is with Trests because that is how cryptocurrencies are designed.

We will be happy to answer any subsequent questions. Also, if anything requires more clarification, feel free to ask.

chokho

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