Thread by @the_economystic

1/ A story unfolds. 🧠 #eGLD #UTRUST

‣ Jan 11 → @ElrondNetwork acquires @UTRUST

‣ Jan 27 → #eGLD Town Hall w/ @beniaminmincu, @SanjaKon and @nunocor_ ()

‣ May 31 → $UTK 2.0 engages via ad-astra.elrond.com

What could be next? 70 days. X Day.🧵

2/ Two teams build diligently through silence of this bear market, @ElrondNetwork + @UTRUST, soon I foresee their force to be made more clear at xday.com.

"...you know we are not fond of overly hyping... We are focused on delivering, not fanfare..." - @SanjaKon

3/ Within next 12 months, @UTRUST boasts to *TAKE OVER* European crypto payments:

"@ElrondNetwork acquired Twispay, an e-money (meaning VISA, Mastercard, etc.) solution... licensed to operate across multiple countries... will allow [expansion of financial product offerings"...

4/ @UTRUST *is not* stopping with Europe. The @UTRUST trademark just became registered in the US, and @nunocor_ speaks of offering their payment solution to the United States beginning in 2023.

https://twitter.com/nunocor_/status/1555896204076236801?s=20&t=K_ulsk5WCkExViktJ26Vgg

5/ A team's heart and passion speaks boldly. @UTRUST was created to "circumvent the gatekeepers of traditional institutions and allow everyone to manage their own financial life."

Financial freedom and true asset ownership are two pillars I stand on. I stand for #blockchain.

6/ The beginning of the excitement includes staking, cashback and Merchant yield. Each transaction on the network will have a direct impact on the token supply...

7/ @UTRUST will take a part of the fee merchants were paying anyway (1%) to buy $UTK in the open market. In the merchant’s name. Those tokens will then be locked in a #staking pool for one year. When the pool is unlocked, whatever is in there will belong to the merchant. 💰

8/ PLUS: With #DeFi strategies & partnerships, @UTRUST will be encouraging merchants to leave their earnings w/ UTRUST instead of #banks. If merchants leave earnings w/ UTRUST for ≥1 year, they'll earn 10% APY *OR* If they choose to be paid in UTK, 12% APY. Compound yield.

9/ Good products with real value don't need to be sold, they are simply adopted. @UTRUST intends to turn the market on its head. They want companies to stop competing to make the most money off of merchants and instead compete to see who can *make them the most*.

10/ Cashback, staking, governance and premium features will extend to *everyone* through $UTK on @ElrondNetwork AKA "UTK 2.0". The union with #EGLD will enhance tech capabilities, deliver faster and better, and have resources that weren’t within our reach before.

11/ $EGLD is the native reserve and fuels the internet-scale payment railways, $MEX fuels the #DeFi components of #web3payments, and $UTK fuels the buyer & merchant relationship of #web3payments.

This is the @ElrondNetwork ecosystem and eyes are on the prize: one billion users.

12/ @UTRUST & @ElrondNetwork have united to take over the #Web3 payments landscape, projected to reach $2.5T USD by 2025.

XDay.com. November 3rd & 4th. Paris, France. What will be revealed? ✨ "A tool will be brought to life... a plan [will be] be revealed." #EGLD

- END -

Thank you for reading & sharing this thread. 🙏 More could be said, but history will simply reveal it for us.
- @the_economystic

Resources:
-elrond.com/blog/utk-20-es…
-utrust.com/featured-annou…
-elrond.com/blog/utk-new-t…
-medium.com/utrust/history…
-medium.com/utrust/why-you…