90 Minutes Pre-Sale Sell-Out: UTRUST Follows Up Successful Pre-ICO with Revised ICO Plans

The pre-ICO of UTRUSTwas a crazy ordeal that lasted just 90 minutes before all of the coins were sold. It is a miracle that the website itself didn’t crash! Following the success of their pre-ICO, UTRUST have made some progressive changes in their incoming ICO to include more people and make participation easier and efficient.

[Note: This is a press release.]

UTRUST reached the crypto headlines when it rolled out a new platform that enabled consumer protection for payment with cryptocurrencies, with a fiat intermediary. The solution was found to be so effective that interest in UTRUST has skyrocketed. The company also announced a first-of-its-kind strategic partnership with Soma, a social marketplace that wants to make use of a working payment platform like UTRUST’s to populate their marketplace. The registration of the new company as a limited liability company in Switzerland also created a lot of positive PR for the company.

The latest pre-ICO achieved its’ target in a crazy 90 minutes! People can now bet that e-commerce activities using bitcoin is going to go mainstream with companies like UTRUST hitting the market with their working model of a buyer protection. Keeping in mind the extraordinary success of the first two phases, UTRUST is now making some changes to its main ICO. Now investors from the US will be allowed to participate in the ICO, becoming one of the only few ICOs who can legally do that. The reason is its limited liability company status in Switzerland that gives it legal cover. But, US investors will fall under a different status as their newly purchased coins will be subject to a 12-month vesting period.

According to the recent statement by UTRUST:

U.S. investors can buy tokens on a first come, first serve basis. Additionally, U.S. investors will be subject to a 12-month vesting period during which tokens can neither be withdrawn nor sold.

Because of the recent actions of Securities and Exchange Commission, the registration of ICOs, etc and collecting of funds is now heavily regulated by the government. But, UTRUST is confident because of its legal status and compliance with the SEC’s rules and regulations that they won’t be investigated by the organization. However, they are keeping the US investor’s coin in limbo for the time being.

The main ICO kicked off on November 2, 2017, and more than 422 million tokens have already been sold in the ICO and it means that only a few hundred million tokens are now left. This is a remarkable performance in the ICO as well and it seems that in all likelihood UTRUST is going to achieve its target of $49 million. So, you can buy these tokens till they are available by following this link.

UTRUST is a player that is aiming to bring cryptocurrencies to mainstream e-commerce by offering robust buyer protection. If it succeeds in achieving this target, all the coin holders in the new company will see their investment increase several-fold. So, while ICOs like this one do present certain risks, the rewards are substantial as well.

Media Contact:

Contact Name: Nuno Correia (CEO)
Contact Email: nuno@utrust.io
Contact Phone: +41 22 518 70 77
Location: Zug, Switzerland

Images courtesy of UTRUST

The post 90 Minutes Pre-Sale Sell-Out: UTRUST Follows Up Successful Pre-ICO with Revised ICO Plans appeared first on Bitcoinist.com.

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