they got some notes tho, like the technology and the idea is great but yet their TOKEN I can't see a major benefit of it?? why do I need this TOKEN? forget about the technology, another thing is 1 Billion is kinda lot ~
Because transactions using the UTRUST token will be converted internally and will benefit of zero exchange fee within the UTRUST platform. Also UTRUST token supply will decrease overtime because a perntage of transaction fees will be used to buy the token on exchanges (an these tokens will be burned)
yeah right , but they have a limit, only 50 million tokens burned per year so there's a limit on it, and I don't like that limit, cuz if there wasn't a limit and it would like immediately become super popular
perhaps burn every month and not based on the 1% to give to investors more value for what they put in bcuz they will earn a lot anyway with that platform
look at Paypal they earn alot, well this company will certainly will earn alot if it goes big just by the fees.
I wonder how the system will function when most of the tokens are burned. Will they release new tokens from another smart contract?
With all the regulation news surrounding Bitcoin recently and governments cracking down on crypto, does UTRUST have any idea how to deal with tax on payments?
For example, depending on the location, transactions between customers and businesses are subject to value added tax or sales tax.
The seller will receive payments in fiat money. I think the taxation will be in the usual way. If he received in the crypto currency, then there would be difficulties.
