Recently, UTRUST’s CEO Nuno Correia made an announcement via the UTRUST Medium blog account. The announcement lets the eager crowd know that the date for the ICO launch has been pushed forward to November 2nd, 2017 at 2:00 pm UTC. Tokens are to be made available for purchase using Bitcoin or Ethereum. The price is set for approximately $ 0.07 per token. The rest of the details surrounding the sale are available at UTRUST ICO. Some of the changes come in response to recent regulatory changes regarding ICO projects. The blog post reads:
“UTRUST remains fully committed to adhering to all rules and regulations by entities such as the Swiss Financial Market Supervisory Authority (FINMA) in order to assure a legally compliant, and future-proof platform…” Nuno Correia, CEO of UTRUST
The UTRUST team held a token pre-sale in August which sold out in just 90 minutes, gathering 1.5 million dollars.
UTRUST is a project that aims to eliminate the potential for mistrust between sellers and buyers when cryptocurrency is involved. Often times, a merchant is only aware of cryptocurrencies like Bitcoin and Ethereum because of the negative news they have heard or seen which may cause the sellers to feel uneasy about accepting crypto in exchange for their offered goods and services.
On the other end of the spectrum, there are thousands of willing, paying customers who prefer using Bitcoin, Ethereum, Litecoin and other crypto coins but it is a challenge to shop with crypto because of limited merchant acceptance. Shoppers may also be skeptical of vendors who accept coin because payments made with Bitcoin and similar cryptocurrencies which have no protection at all for the person sending the payment. Once it is sent, the transaction is permanent and without recourse in the event of a deal gone bad.
UTRUST offers a simple solution acting as a mediator for the transaction, similar to an escrow service. By utilizing a clever crypto payment protection and dispute-resolution mechanisms, both the seller and the buyer are relieved of liability.
UTRUST creates a flexibility that has not been possible until now and allows users to shop with their favorite crypto while the merchant gets paid according to their preference, even if they desire traditional fiat currencies. The UTRUST white paper reads:
“This is a game-changer that we know can change how merchants and buyers use cryptocurrencies and we believe that the only missing link is a platform for mediation and trust. The UTRUST platform.”
Read the UTRUST Whitepaper Here.
Participate In UTRUST ICO Here.