31 Juli 2013

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11 Juli 2013

MC


dave.darrel:  the more people the more opinions we have but I can promise you that by the end of this chat you will know for sure what to expect from UInvest and when

dave.darrel:  Back to good old days, when there were a few users here in the room. UInvest was formed as a marketplace to make people work with each other, we started with a few offline trades and then we started to make this marketplace online.

dave.darrel:  it was a long time ago but it is a fact that almost right from the start we realized our role - to create community and let it grow by providing people with tools to make money online

dave.darrel:  honestly, that was not too hard to understand because crowdfunding didn't exist in this world and if we wanted to make it work we had to create something unique. And if one wants to create something unique he/she must be very smart. Since it is impossible to be smarter than crowd of smart people we just let them give us ideas, gave them tools and made them able to make money

dave.darrel:  thus UInvest was born

dave.darrel:  after we realized it became to attract attention of many people we realized that it is hard to manage uinvestors and we decided to create tools for doing this and making money on this

dave.darrel:  this is how agents were born

dave.darrel:  as always when one tries to create something good it is not always the case, the world is not perfect and we faced a few problems with agents

dave.darrel:  some of them provided fake information about businesses, some of them misled investors bringing them to the website, other were using these our mistakes to build them names and make a couple of bucks of it

dave.darrel:  we never banned and very very rarely charged them for this destructive activity

dave.darrel:  becauwe we always knew what we were doing

dave.darrel:  most of those guys are now uinvestors, some of them became successful agents but all of them are with UInvest and make money with us. I mean ALL of these guys have been with us, regardless of what they tell you or/and what they do. Because they know they can make money here https://uinvest.com.ua/chat/images/smileys/smile.png

dave.darrel:  anyway, as many of you know UInvest is a group of companies each of company is involved in specific activity

dave.darrel:  it makes us stable, legitimate (eventhough there is no law regulating crowdfunding) and successfully developing resource you all know as UInvest


dave.darrel:  because we work as a marketplace in all around the world we realized it right from the start that we have to separate business activities within UInvest, I mean finances must be taken care by one company, IT stuff by another and so on

dave.darrel:  therefore we found partners who helped us to create such entities and time has proven that that was good partnership

dave.darrel:  because everyone is doing its own business where he is an expert

dave.darrel:  Why am I telling this? Because that was the logic we followed when created partnership with financial companies that have been facilitating transactions

dave.darrel:  to work with uinvestors' a nd business owners' transactions our affiliated financial companies joined us and provided good services using their own means and mechanisms

dave.darrel:  letting us to concentrate on what we know better - maintaining uinvest community

dave.darrel:  Then we realized that it could be a good idea to give uinvestors this financial tools, too. Why now? We have no idea what financial instruments people use in India or in Pakistan, it is logical to give them tools to work and make money with their locals

dave.darrel:  but of course we must trust them, otherwise there can be guys who will try to scam us and uinvestors
 
dave.darrel:  this is how Financial Partners concept was born

dave.darrel:  first financial partners came year ago and made a lot of money I believe

dave.darrel:  of course there were some who lost because of other scammers

dave.darrel:  but the main goal was reached: people started working with each other, and they started making money on it

dave.darrel:  year ago we didn't risk to give business owners' transactions to those independent FPs - too much risk and we were uncertain how to manage those risks

dave.darrel:  so independent FPs were concentreted on uinvestors transactions while 'strategic' funds were still going through trustable FPs

dave.darrel:  I tell this because I participated in some discussion on our forum where I realized that many uinvestors don't have understanding of financial system allowing everything to work here

dave.darrel:  maybe this information helped to put something on shelves, if so - I am happy

dave.darrel:  anyway, after a few months of intensive work FP system involved lots of participants who started offerring various payment methods

dave.darrel:  these FPs were not only usual uinvestors but also professional online financiers with significant resources

dave.darrel:  many of them were using Liberty Reserve as their wallet even though it was obvious that LR is not good choice for that

dave.darrel:  after LR was investigated and shut down many of those FPs lost their funds

dave.darrel:  not only FPs but many uinvestors, too

dave.darrel:  for an FP to lose trading capital is something extremely bad

dave.darrel:  for uinvestors - too

dave.darrel:  many exchangers were connected to LR and for some reason were also shut down

dave.darrel:  problems of LR even became problems of those who had no relation to LR

dave.darrel:  we started receiving calls, emails, tickets with questions if UInvest is going to be affected

dave.darrel:  we always answered - UInvest had no money in LR, it cannot be affected financially

dave.darrel:  but if uinvestors are affected it becomes our concern too

dave.darrel:  this is why in may 2013 we had a meeting in UInvest and decided the following:

dave.darrel:  LR is not our problem and its closure has no impact on UInvest. Our income is fine because businesses come and sell their shares, they keep making money. Therefore, uinvestors also has no problems because nothing happened with their income and they keep making money

 dave.darrel:  however, these events may temporarily affect liquidity of funds because too many of people and FP relied on LR

dave.darrel:  therefore, we worked out a plan and took the following steps:

dave.darrel:  - let more people to become FP. The more FP the more competition and the more transactions can be faciliated. We decreased $ limit to become an FP to $1 so everyone can be FP.

dave.darrel:  - bring more customers for FP so that FP can make more money. More money means more interest of FP, more activity and more transactions for uinvestors. We announced UFund - unique place where people give money to other people even though borrowers have 0 money on their account and no trust at all. UFund has attracted many people and was filled by uinvestors in a few days. Thanks to its accurate business model, these newbies don't scam anyone, bring more activity to UInvest and FP making absolutely real money having no money initially.
\
dave.darrel:  - develop new tools for FP. Ability to give loan to those who want to take it fast and hassles: we made a quick button so you only need to click it and loan is taken. Again, we made this feature easy to use and riskfree for FP. Just one more way for them to make money - giving instant loans

dave.darrel:  All of that was made just for 1 month and half. All of that was made strictly accordingly to our plan and accordingly to logic

dave.darrel:  The logic is simple - when life gives you a challenge it means it wants you to become better

dave.darrel:  We didn't create the challenge, it was created by LR and other guys beyond our control. Hence, we must use this chance to improve our service making it more flexible, more interesting for people. This is what we are doing, exactly.

dave.darrel:  All I say is not about UPay who have the most favorite time to start lol

dave.darrel:  so this situation works on UPay of course

dave.darrel:  I am aware of their plans, they are going to be hot stuff very soon and of course they couldn't miss this chance, so they launched quickly. It can't be a better time for them since 2003. Of course they won't become second LR or PM or whatever since they strictly directed to legitimate work unlike aforementioned guys, but still I am sure of their success even by the end of this year

dave.darrel:  anyway, we are not talking about UPay here

dave.darrel:  I risk to have all our asian friends fallen asleep lol, it's late there, sorry!

dave.darrel:  I will be fast

dave.darrel:  There is one item in our plan I want to discuss - FPFund

dave.darrel:  just to make sure everyone gets the idea correctly I am going to give you reason why it was planned, describe structure and development

dave.darrel:  Those who have been with us for years might remember Fund Manager concept

dave.darrel:  Fund manager is a special role at UInvest. It is going to be delivered very soon, not ready yet. But the sense is the following: there are lots of tools inside UInvest, not everything can be understood once one comes at our website. I am sure you agree here lol

dave.darrel:  however, those tools really help uinvestors to make money

ave.darrel:  logic is simple: why don't we let people to make money using these tools using other people's money?

dave.darrel:  with UInvest you are the boss

dave.darrel:  you can live any life you want, as long as you know how UInvest works

dave.darrel:  I know many uinvestors whose life is changed since they joined UInvest

dave.darrel:  fund management business is one more opportunity: attract funds, use them inside UInvest and make money managing someone's funds

dave.darrel:  attentive uinvestors will now think of UFund

dave.darrel:  yes, correctly, this is our test of the concept: people gave money and other people make money for them and for UInvest

dave.darrel:  riskfree, because we thought out the concept very well and we control it

dave.darrel:  we tested the concept on UFund, now it is time for FPFund

dave.darrel:  what amazes me here is that all of these tools perfectly fit current situation even though they were planned year ago!

dave.darrel:  we have spent time and efforts developing them since last year and now they are here as measures to improve situation and resolve existing issues

dave.darrel:  and sorry I repeat it once again: please note that we create marketplace again, not limiting everyone but providing tools for making money, this is something that will definetely work

dave.darrel:  anyway back to funds

dave.darrel:  we tested the waters by riskfree UFund

dave.darrel:  now we launch FPFund

dave.darrel:  what is FPFund, why it exists and how it will help everyone here in this room and every uinvestor

dave.darrel:  read below

dave.darrel:  Everyone knows that there is a good demand on shares here at UInvest when new project arrives

dave.darrel:  and those who carefully reads management chats, following our reports knows why there are high ROI here exist for projects

dave.darrel:  because we provide people with opportunity to make even more money

dave.darrel:  so they can pay

dave.darrel:  one of the simpliest money making opportunities at UInvest is known to everyone: buy low sell high

dave.darrel:  this is what many people do when new project arrives: this is a guaranteed way to make money if one is able to purchase shares right from the start

dave.darrel:  well, as you understand UInvest also benefits from that

dave.darrel:  not going into details deeply (sorry indonesian and malaysian guys, a few more minutes!) - UInvest's marketmakers earn on share exchanges and they can provide us with assets and funds when we need them

dave.darrel:  of course this is is business relationship so everything is strictly described in agreements

dave.darrel:  so when we faced the current situation we realized that we with our marketmakers have great opportunity to test our relationships and create win-win-win situation: they provide us with funds (bounded by real numbers and agreements), the funds will then be used to help the FP system to start working. And we share with them some tools and benefits we have in hands

dave.darrel:  in the past this is how it worked with our affiliated financial partners, now we create this market for those FPs whose activity makes us think they are reliable

dave.darrel:  FPs and Selected FPs now get the opportunity to become marketmakers, in fact

dave.darrel:  although this market makers option is not yet done as it has to be (automated etc) but it will start working as a business model this month

dave.darrel:  as FPFund

dave.darrel:  I would say not in this month but in the next 10 days https://uinvest.com.ua/chat/images/smileys/smile.png

dave.darrel:  FPFund sells obligations - rights to get shares of project when it arrives - to those FPs who want to participate

dave.darrel:  funds then will be used to speed up the work of FP system

dave.darrel:  then when project arrives obligations will be aquired by their issuer

dave.darrel:  you could notice section FPFund in the menu of your account

dave.darrel:  this is what I am talking about

dave.darrel:  three hours ago we started to sell those obligations

ave.darrel:  more than 300 of them have been sold by the time we speak

dave.darrel:  obligations can only be bought by special group of FPs which have the most level of trust at UInvest

dave.darrel:  then these FPs will be able to start selling them inside UInvest

dave.darrel:  to uinvestors or to FPs

dave.darrel:  of course they will be earning commission

dave.darrel:  also, each obligation brings 5% of monthly earnings, every month during the whole investment period

dave.darrel:  test

dave.darrel:  those who understand how UInvest works understand why 5% and why the investment period: this is what UInvest makes

dave.darrel:  We have about 100 of such FPs who wwere invited to participate. We plan to fill the fund in 10 days. This is how FPFund will get funded

dave.darrel:  These FPs (we call them in our office FPII or FP2) get the most of benefits and we give the benefits to them intentionally

dave.darrel:  we are making the group of affiliated FPs wider by these steps, those who will successfully work with FPFund will later be invited to participate as marketmakers in other projects and, which is the most important, with facilitating BOs transactions

dave.darrel:  so the FPII have commission, have 5% for investment period and other belefits, what about others?

dave.darrel:  for the sake of simplicity I would like to divide other uinvestors in groups (very rough) - investors and FPs

dave.darrel:  for the sake of simplicity I would like to divide other uinvestors in groups (very rough) - investors and FPs

dave.darrel:  FPs are those who work actively facilitating transactions at UInvest via other payment methods, in and out transactions

dave.darrel:  Depending on their activity FPs will be able to use the funds from FPFund to withdraw their funds from UInvest fast and with 0% commission

dave.darrel:  (of course the same applies for FPII)

dave.darrel:  Depending on their activity has very important meaning: from now on we will be monitoring activity of all FPs who participate at UInvest marketplace and the amount they will withdraw will directly depend on how they are doing.

 The lower your rates 
The more trades you make 
The more successful people as customers you have 
The less trade requests you cancel 

THE MORE YOU WITHDRAW at 0%

dave.darrel:  this is the most important thing to understand for all FPs - we will be monitoring every trade from now on, we know exactly what you are doing and how you are doing, we have a few beautiful girls who are watching you and record every action https://uinvest.com.ua/chat/images/smileys/smile.png

dave.darrel:  want to work as FP? put your offer 
put your offer? accept trade requests from uinvestors 
accepted a trade? act fast! 

the higher rates the less you will withdraw

dave.darrel:  the slower you are - the less you will withdraw

dave.darrel:  cheating, scamming, showing fake commission etc - be the last in the lane

dave.darrel:  this is how we will deal with improving quality of FPs

dave.darrel:  this is how we will make them work

dave.darrel:  does everyone remember an ancient saying - nobody loses at UInvest?

dave.darrel:  yes, it is still in effect and true

dave.darrel:  everyone will be able to withdraw their funds, however, taking into account the current situation, it will be much cheaper and easier for FPs, only for honest ones

dave.darrel:  those uinvestors who are here for investing, worry about their money, want to get out and forget about UInvest - you also can withdraw anytime

dave.darrel:  you will be able to withdraw anytime but the commission will apply

dave.darrel:  want to be first? pay commission 
can wait? no commission

dave.darrel:  the size of commission will be announced later but it won't be low

dave.darrel:  we have no problems with getting more money from our market makers (including affiliated ones) but our aim is to make the whole system work here and now

dave.darrel:  this is why we will not use FPFund money and give it to anyone, we will use the money to bring stability to the system and to support liquidity

dave.darrel:  Who will be rewarded with 0% commission and fast withdrawals? Honest FPs who work and have trust in UInvest. Anyone may become an FP, I hope you know that. 
Help the community and it will help you.

dave.darrel:  Plans. 
Because FPFund is already being funded I expect that in August we won't have any problems with withdrawals. I don't say everything will be resolved in a few days, it's impossible. I just say that we know what to do, we evaluate the situation correctly, we have no problems with our income. 'We' means UInvest and uinvestors.

dave.darrel:  At the moment we face issues with liquidity, which is understandable since UInvest is not a bank or something, we give your funds to businesses and they have their own business processes. As always, we honestly describe you current situation and give you neat and understandable variety of choices. 
And the last thing. We cannot be wrong simply because we generate income. This is something we are 100% confident in. Therefore, all isues have temporary nature and in any case will be resolved. But we don't want just let the situation go, we want to benefit on it and become better and stronger - this is why we take these steps and this is what our confidence is based on

 
madmalc

Q.1 I have some issues about this already, if the fps who add funds just want to get their money out again after selling obligations, they will buy obligations at the low prices and then just withdraw dividends they have so effetively creating a withdrawal problem again.. Q.2 Why dont you automate the system to monitor fps this would be easier and more fair. Q.3 How do we get money out and fast. Is there a special FP for this. Also where is the money going when sfp's buy obligations, Into Uinvests account or an FP to distribute. And how will withdrawals take place from the fpfund money???? A few there for you to answer Dave.

 

 

dave.darrel:  """"A"""""madmalc: Q1: First of all it cannot be done in a moment. Secondly as I said, withdrawal amount will depend on activity of FP. Our aim is to make all of this working and not just give some people use the people's trust to make a couple of bucks. Q2: Time. We will be monitoring them manually and will be using some automated tools of course. Q3: Yes, there will be special Fp for this but this FP will not break the market for other FPs. They will be doing their business and this special FP will be standing alone with higher commission. As FPs will be lowering commission his commission will also gets lower. This high commission will apply for those who want to 'get out fast'.

 

danielwro

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 
Q: Dave - will UInvest introduce a kind of FP-Loyalty index? or FPs will be judged more discretionary to get access to FP_Fund withdrawal pool?
 
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

 

dave.darrel:  """""A"""""danielwro""" : Yes, exactly. Every action of an FP will be working on this 'index'. As I said, the more active and honest he is the more he can withdraw. We have a formula and mechanism of monitoring.

 

 

 

 

ivan

Thanks for the retrospective, but it really wasn't necessary as 99% of us Uinvestors already know what happened so no offence but you should have gotten straight to the point.
http://forum.uinvest.com.ua/showthread.php?58710-Current-situation-regarding-FPs

That's all you need to do, regulate the FP market!
 
This can be done, so why don't you do it, Uinvest? Why don't you take action to regulate the FP market?
 

Unless you provide a direct withdrawal option with 1:1 UI/Real currency value, the situation is going to get worse. FPs are causing inflation either because of greed or because demand is far greater than supply. In any case, this scenario will force UI currency to drop to 0 value in no-time.
 

Come to think of it, why do we have to rely on greedy FPs when REAL money comes directly from Business owners? We just need Uinvest to become the direct intermediary between business owners and investors, having a direct withdrawal option to WITHDRAW the ENTIRE profit promised by these businesses, because that's why we investors invested our money here in the first place, as in to get our promised return for our investments. Uinvest as the "marketplace" here should take action and provide us a decent platform to work with, not some greedy sharks monopolizing in this so called "free market".

 

 

dave.darrel:  """"A""""ivan"""" Good point. My introduction was aimed to show logic of our development. I know you've been with us for years but there are many guys who have not. After they read some posts on forums they might get a wrong picture. Putting everything together should help them. 
Regulating FP market is what we are doing by these steps. But please note that FP market has changed with LR closure. We had to watch it and then act. This is what we have done: now we understand volume and rates as well as what people think of UInvest currency. Now we can apply our instruments like FPFund and successfully target existing issues. Give it time as I said

 

 

 

rkharrat:  to dave: the number of obligations is the total number of shares, or there will be more shares released when the project arrives?

 

dave.darrel:  """"A""""rkharrat"""""No. 
""""A""""kanza""""without such conversation it is impossible for me to explain things. At least this is why we are here for.

 

begin

Dave, Question - What do you mean when the commission for NON-FPs will not be low.. ballpark guess ? between 10-20% ? more ??

 

 

dave.darrel:  """A"""begin"""first of all, it will fluctuate and depend on lots of criteria. At the moment I cannot tell you but the main idea here is not to demotivate FPs. We will support their business. 
"""A"""aquskrw1""""": why? everything is working as it has been but we add FPFund in 10 days

 

chaithanaboon

DD, Great to see you today, I’m a new investor from Thailand. I heard and found the big issues that impact to my confident with UI System Security (How UI would be protect the investor from HACKER) and UI Supporting when the investor have the problem.
I’ve an existing case (refer to ticket “YYG-277-55663, please find information in this ticket) about UI account was hacked, money lost more USD 5,500 with abnormally money exchange.
In my opinion this is seriously case that would need UI senior support to help for investigate, find out root cause and solution to protect UI investor from HACKER. I read the email that have interact between UI supporter and owner of this ticket (wissanu08, he’s my upline). I have never seen about intention from UI supporter to help him to solve the problem, the processes are slowly and UI Junior support would be closed all ticket include the main ticket that have all information about this case why the junior support should not be escalate to the senior support to help him?.


 

dave.darrel:  """A"""""chaithana"""""all tickets # here will be monitored. I won't be able to look into right now but I will make sure it will be taken care of

dave.darrel:  and by the way, support team is now introducing some new techniques that will definetely improve the whole process. No matter junior or senior, your issue will get a quality resolution, give it time

 

 

"""A""""rkharrat"""" There are ~10% of obligations issued, from total project shares amount. 
"""A""""gohan"""" As I said, we have developed a formula for honesty 
https://uinvest.com.ua/chat/images/smileys/smile.png sorry if it sounds odd but in fact it analyzes number of trades, number of declines, commission, rank of users an FP trades with and some other criteria. This process will be strictly monitored. 
""""A"""madmalc""" First of all, there is only one way to get all issues resolved: better FP market. So we don't have any doubts or other directions and it wasn't a question whether to implement this approach or not. We don't think FP market will react in the way you described, however, we have 'plan B' - we have a few professional players with big resources ready to step in, however, we would prefer develop this FP market in natural way. So we are absolutely calm here. 
Q2. Thank you for the suggestion, will forward it to tech dept. 
"""""A"""""Danni""""I don't know, near Jul 20th 
""""A"""""I think it is better to consult with a specialist concerning this issue, specifically. I don't know details so I am not the best person to help you right now, sorry. The ticket has been already escalated, please expect the answer.vv

 

invest34

Hello DD, There is a simple and crucial question from a member "DAmodio" that was not answered. 
Can you please review some of the last of the first questions and explain this member concern ?That's regarding why needing fresh funds to buy obligations due to that buying with the current balance doesn't seem to work.

 

dave.darrel:  """"A""""uinvest34"""" The answer is very simple: fresh money sources are BOs and uinvestors. UInvest doesn't produce any money. Your invested money is what really invested, funds are not stored in a box, they work on you. Therefore, if there is a crisis of liquidity then fresh funds are necessary to make things work because these funds will be 'injected' in FPs, not invested. But these are our funds we borrow, they are justified by our income, this is why it will owrk

 

oops forgot one more thing to tell - one more cool thing for affiliates is coming: they will be making money from FPs who are in their downline

 

UI-Power

Hey Dave,
we all do not want become a Financial Partner and meet all the requirements.
Please do not only create benefits for very rich guys and FPs.
But take care of the many thousands of normal investors.

What is a crowdfunding without proper payout??
that was not the deal when we have invested many months ago
when I came to Uinvest, Add and Withdraw was 100% free to all.
then uinvest getting worse, to the point now where no one can get his money.

As all know, FPFunds is a closed System.
Money does not come from the companys but only from other Uinvestors.
I'm sad you make a search system, where 95% of people know, it can not work permanently. And call it amazing new innovation...
The Money output is always higher than Money input, that's the point of investing.
That's why I'm so sure it can never, never work.

Maybe you can explain how concrete the interest of the project company to get the ui-system FPs Uinvestors.
Everything we see is an collapsed empty ponzi pool without real money.
And that's why more and more people have a problem with blind trust.

 

 

dave.darrel:  """A"""""UI-Power"""Thank you for your opinion. We hear "it can never work" from the day 1 of our existense. Everything happened and happens, we take it without emotions. Money closed system, ponzi scheme - trust me, we all have heard this a lot of times. If you want to hear what I say and to understand how it works - you will find the way to do it. Management chat is not for that. If you don't bother but just want to share your opinion here - ok you did it, thank you

 

dave.darrel

Bottomline: It is not the first issue we guys face together. There were some of isssues you knew of and even more you didn't. However, we are all here and I think we are doing fine. But why? Because there is something that leads us to success and this is not money or business model. Our attitude to you, our community members and the mission this community has. Money and success come only to those who is needed in this world and I think this is why we are doing fine - we, uinvestors, are needed in this world. Because we have right mission, good intentions and kind attitude to each other. Lets keep it like that. I promise we will make everything it takes to resolve all the issues in the best way and fastest terms.

 
please wrote me at dd@uinvest.com.ua - i don't promise to answer fast but will surely read