Looking for Utrust? Find UTK Price, Exchanges, Reviews, Chart, Historical Data & UTK Marketcap
Utrust (UTK) Ranked 197 in Coin Market Daddy Currencies Index. Utrust (UTK) price is $0.022234. It has a current circulating supply of 450,000,000 UTK and a Marketcap of $10.01M. Today Utrust price is down (-0.97%). $191.01K worth of Utrust (UTK) has been traded in the past 24 hours. Utrust (UTK) currency type is token (Ethereum). UTK trading is available in number of exchanges. Exchanges information is updated automatically. Stay tuned to check updated information. If you find any error on this page, please Contact Us to update Utrust (UTK) and contribute to CMD Cryptocurrency Encyclopedia.
Utrust is a blockchain-based platform that combines elements from traditional payment systems with the advantages provided by cryptocurrencies. The platform allows users to buy items, digital or physical, with their favorite cryptocurrency or token while providing a consumer-protection system in which coins are held in escrow until the transaction is fully complete. In case of a conflict, the resolution is handled by Utrust.
The Utrust platform features its own Ethereum-based token, the UTK. The token provides multiple advantages, including a zero-fee system within the Utrust platform, which means that payments made with the UTK are free of charge. The token also runs on a buy-back & burn program in which part of the revenue generated by Utrust is allocated to the purchase of tokens that are then publicly destroyed, creating a deflationary currency.