UTK

Utrust price

UTK
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3.6/5
CyberScope
3.6
05/29/2024
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USD
USD
$0.078875
+0.00%
1h
24h
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Utrust price live data

The current price of Utrust is $0.078875. Since 00:00 UTC, Utrust has increased by +0.00%. It currently has a circulating supply of 460,000,000 UTK and a maximum supply of 0 UTK, giving it a fully diluted market cap of $36.34M. At present, Utrust holds the 229 position in market cap rankings. The Utrust/USD price is updated in real-time.

Utrust price performance in USD

Time periodChange amount%Chg
Today$0 +0.00%
7 days$0.0026748 +3.51%
30 days$0.00097475 +1.25%
3 months-$0.01623 -17.07%

Utrust market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.076476
Last price $0.078875
24h high$0.082074
Heat index ranking
262
Market cap ranking
229
Market cap
$36.34M
Favorited rate
Percentage of users who favorited this asset to all users
0.29%
All-time high
$1.4700
-94.64% (-$1.3911)
Aug 13, 2021 (3 years ago)
All-time low
$0.0053000
+1,388.20% ($0.073575)
Mar 16, 2020 (4 years ago)
ICO date
12/30/2017
ICO price
The price at which this crypto was first traded
$0.065000
Circulating supply
The amount of this crypto that is publicly available in the market
460,000,000 UTK

About Utrust (UTK)

Utrust, now rebranded as xMoney, is an innovative player in the realm of secure and efficient crypto payments. With a strong focus on user-friendly solutions, this payment provider strives to create a seamless bridge between traditional commerce and the world of digital currencies. Through their platform, businesses and individuals can effortlessly transact using cryptocurrencies, making it easier than ever to embrace the benefits of digital assets.

What is Utrust

Utrust is a blockchain-based payment platform that allows users to make fast and secure transactions using cryptocurrencies such as Bitcoin, Ethereum, and Utrust's native token, UTK. By leveraging the power of blockchain technology, Utrust provides a decentralized payment solution that eliminates the need for intermediaries and traditional banking systems, ensuring a transparent and secure payment experience.

The Utrust team

Utrust has assembled a team of experienced professionals with extensive knowledge in the blockchain and fintech sectors. At the helm is CEO Nuno Correia, who has been involved in cryptocurrency markets and communities since 2011.

How does Utrust work

Utrust functions as a payment gateway that enables merchants to accept cryptocurrencies as payment. By integrating Utrust's payment solution into their existing systems, businesses can effortlessly facilitate crypto transactions while ensuring buyer and seller protection. Utrust uses smart contracts to establish trust between buyers and sellers, holding the funds in escrow until the agreed-upon conditions are met, providing an added layer of security and eliminating the risk of fraud.

Utrust’s native token: UTK

The Utrust ecosystem has its own native token named UTK. It serves as a utility token that enables users to access various features and benefits. Holders of UTK can enjoy discounted transaction fees, participate in platform governance through voting, and unlock additional perks and rewards within the Utrust ecosystem.

UTK tokenomics

UTK has a total supply of 500 million tokens, with a significant portion allocated to the public through token sales and community initiatives. The token has a deflationary model, with a portion of transaction fees burned regularly, reducing the overall supply over time. This burning mechanism is intended to generate scarcity for UTK, which could potentially contribute to an increase in its value.

UTK use cases

UTK serves multiple purposes within the Utrust ecosystem. Apart from enjoying discounted transaction fees, UTK holders can participate in decision making processes by voting on key platform upgrades and developments.Token holders also enjoy exclusive perks, such as early access to new features, priority customer support, and participation in a loyalty program that rewards active engagement within the Utrust community.

UTK token distribution

UTK tokens are distributed as follows:

  • 44.64 percent: Set aside as community rewards
  • 32.14 percent: Sold to the community
  • 16.08 percent: Advertisement and marketing of Utrust
  • 3.57 percent: Team and advisors
  • 3.57 percent: Locked in the Utrust’s decentralized autonomous organization (DAO) treasury

The future of crypto payments with Utrust

Utrust is a rising star in the crypto payments arena, offering a secure, transparent, and user-friendly platform for conducting cryptocurrency transactions. By harnessing the power of blockchain technology and integrating UTK as a utility token, Utrust is paving the way for the seamless adoption of digital currencies in traditional commerce.

UTK FAQ

What is Utrust?

Utrust is a blockchain-based payment platform that enables fast and secure transactions using cryptocurrencies. It serves as a bridge between traditional commerce and digital currencies, providing a decentralized payment solution that ensures transparency and security.

What are the benefits of using UTK tokens?

UTK token holders can enjoy discounted transaction fees. They can participate in platform governance through voting, shaping the future development of Utrust. They also have access to exclusive perks, rewards, and loyalty programs, enhancing their overall experience within the Utrust community.

Where can I buy UTK tokens?

Easily buy UTK tokens on the OKX TR cryptocurrency platform. OKX TR’s spot trading terminal includes the UTK/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for UTK with zero fees and no price slippage by using OKX TR Convert.