TRST: 2018 Year End Update
To our valued community,We are as always grateful for the support you have shown and continue to show us. You have promoted our cause among your communities, inspired some of our best ideas, and encouraged us in our mission to use blockchain to enable financial inclusion. In return, we have worked diligently towards our mission while striving to be transparent. In that spirit, we want to share some positive and negative news from Team WeTrust.On the positive side, we are pleased with the progress being made on Spring and the growing signs of adoption among the community, spurred on by our recent LR experiment which helped galvanize the nonprofits and their supporters. One of next steps is to expand upon the crypto fundraising platform for nonprofits — and conduct product testing and experiments that attempt to further leverage the following:1) people’s desire to improve their communities through influencing large institutions or policies,2) performance based funding for nonprofits, and3) features that benefit from usage of the TRST token and encourages community engagementPlease stay tuned for updates on these experiments.On the negative side, due to financial headwinds affecting our company, we have been forced to make cost-cuts and part ways with ~30% of the team a few months ago. These financial headwinds include:— A sharp decline in the price of cryptocurrency in 2018, which accelerated in the last few months, has reduced the value of our financial reserves— Regulatory uncertainty in the cryptocurrency space and associated legal expenses— Legal expenses arising from a dispute with a departed founding team member whose views are not aligned with WeTrustNevertheless, the three remaining founders & remaining team are completely committed to staying the course on our mission and focusing on continuing building innovative products that enable and push forward the ethos of decentralized financial inclusion.Over the past two years, we have become close friends with many of our wonderful employees, and it truly saddens us to let them go. However, this is the only way we can prudently continue as a company. Despite this unfortunate reorganization, we kickoff 2019 with a relentless pursuit of our goals and mission, with greater urgency, focus, and discipline.Yours in Financial Inclusion,George, Patrick, and Hoang
Original article was created by: TRST at blog.wetrust.ioDisclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.
Interested in Cryptocurrencies and ICO's?
Follow our telegram channel for daily cryptomarket reports!Join @cointrends
Stay on top of Altcoins and ICO trends.
Subscribe to our free Weekly Cryptomarket report
Delivered once a week, strongly to your inbox.Subscribe to our mailing list
January 18, 2019
4. Considerate Crypto LoverThis type of donor cares deeply about the social contribution they can make with their cryptocurrency, but they do not hold a large amount of cryptocurrency. The impact of each of their donations is smaller than that of the crypto whales, but the accumulation of their...From: TRST
January 15, 2019
In December 2017, the blockchain based CryptoKitties video game became so popular that it congested the Ethereum network, causing it to reach an all-time high in transactions. In some cases, people reportedly paid more than $100,000 for a CryptoKitty non-fungible token, or NFT. By March 2018,...From: TRST
January 11, 2019
Build a Sense of CommunityA great example of Binance’s community building efforts is their video competition campaign. Binance asked users to make videos explaining what the company does, and to upload those videos to YouTube. The creators of the best videos would win Binance’s BNB tokens....From: TRST
January 09, 2019
November 30, 2018
With over 190 Ether raised over the span of only a couple weeks, we believe that the first experiment with a version of Liberal Radical donation matching was a success! For those hoping to learn more about our LR implementation, please check our previous post here.For the purposes of...From: TRST
November 28, 2018
The results of a Pollfish survey of 1000 crypto holders found that 77 percent are interested in making a donation in cryptocurrency.There were three results from the survey that really stood out to us.77% Want to Donate in CryptocurrencyThe most striking result of the Pollfish survey was that a...From: TRST