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RE: Buy it while you can: UTrust

in #cryptocurrency • 5 years ago (edited)

While the project might be live and well I don't see a strong case for holding the tokens or a way for them to accrue value, in fact like most ICO app tokens, they're probably just a glorified fund raising mechanism that adds friction to the UX and will be in time replaced by a stable coin to decrease the cost of using the platform and protect users again price volatility.

Am I missing something here?

5 years ago in #cryptocurrency by
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     5 years ago 

    I left that bit out. See my reply to saliv8.

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       5 years ago (edited)

      Hi @bitbrain, I read the WP, still not convinced UTK tokens can accrue any value long term, the buy back mechanism might help but ts terms are quite vague.

      And there is this:

      The planned UTRUST platform first needs to be analyzed by the Swiss Regulator (FINMA3). The UTRUST platform will only then be operational if and when its status is clarified by FINMA and FINMA has granted either a no-action letter or a license.

      Therefore,the above described function of the UTK as a means of payment on the 3FINMA -Swiss Financial Market Supervisory Authority-https://www.finma.ch/en/

      21UTRUST platform will at the earliest be activated from the moment of clarified regulatory status onwards.

      Has the project communicated about it?

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