|All Time High:|
|Market Cap: |
|The price of #UTK today is $0.12 USD.|
The lowest UTK price for this period was $0, the highest was $0.120, and the exact current price of one UTK crypto coin is $0.12040.
The all-time high UTK coin price was $1.01.
Use our custom price calculator to see the hypothetical price of UTK with market cap of BTC or other crypto coins.
|The code for UTRUST crypto currency is #UTK. |
UTRUST is 5.1 years old.
|The current market capitalization for UTRUST is $54,178,219.|
UTRUST is ranking downwards to #327 out of all coins, by market cap (and other factors).
|The trading volume is large during the past 24 hours for #UTK.|
Today's 24-hour trading volume across all exchanges for UTRUST is $11,986,124.
|The circulating supply of UTK is 449,981,000 coins, which is 90% of the maximum coin supply.|
We are the bridge builders
Elrond bridge is live now - — Welcome to a new era.. — Since Elrond and Utrust joined forces, our teams have been working relentlessly to make this day happen. Our native token, UTK, is finally leaving the Ethereum blockchain, with all of its limitations to our growth, and joining the Elrond family. This move was indispensable to achieving our vision. If you haven’t read about our updated tokenomics, now is the time. Our plans are as broad as our ambition, and this is the move that will allow us to put them all in practice. So how will it work? — If you have your funds on Binance, you don’t need the bridge - It really is that easy! All you have to do is make sure that you withdraw your UTK balance to the Elrond Network on the Binance WITHDRAWAL page. It’s (almost) business as usual. When you are withdrawing directly to your UTK address on the Maiar App, just make sure to select the Elrond eGold network. Info on how to set up your Maiar App here. If you have them anywhere else, however, here’s how the Ad Astra Portal works: — The bridge itself is simple - When a UTK bridge transaction from Ethereum to Elrond is performed, the amount transferred into the bridge is locked in the smart contract. It becomes unusable, it’s gone. The exact same amount, however, will be immediately minted into the Elrond blockchain as a sparkly brand new UTK2.0 ESDT token, and transferred to the receiver a...
Crypto fixes this: part 2
Why an unstable world proves the point of cryptocurrencies (The Russian invasion of Ukraine) IMPORTANT DISCLAIMER: This series will deal with current world events and their consequences. We will be discussing the actions of governments, social movements and individuals that we don’t support, and we will be speaking of decisions that we do not condone. Our argument is always for cryptocurrencies and what we consider to be every individual’s right to keep and use them. We argue for nothing else, including but not limited to whatever politics the people discussed in these articles espouse. Hello, friends! This is the second installment of our series about failure. We have all found ourselves (at one point or another) enmeshed in the failure of governments, banks, financial institutions, and all the centralized institutions that came before Satoshi Nakamoto published his whitepaper. We started our previous article by making a simple statement, that we will repeat now: This article is now a part of history. If you would like to read the first part of this series, please head here. We will, however, remind you that the first Bitcoin transaction on the blockchain included a message that pointed to The Times article we have listed above. Bitcoin and cryptocurrencies are commonly accused of being a solution looking for a problem, but this couldn’t be farther from the truth. Bitcoin and cryptocurrencies came to be as a dire...
Crypto fixes this: part 1
Why an unstable world proves the point of cryptocurrencies (The Canada trucker protest). — IMPORTANT DISCLAIMER: This series will deal with current world events and their consequences. We will be discussing the actions of governments, social movements and individuals that we don’t support, and we will be speaking of decisions that we do not condone. Our argument is always for cryptocurrencies and what we consider to be every individual’s right to keep and use them. We argue for nothing else, including but not limited to whatever politics the people discussed in these articles espouse. Hello, all! This is a series about failure. About the failure of governments, banks, financial institutions, and all the centralised institutions that came before Satoshi Nakamoto published his white paper. This article is now a part of history. The first Bitcoin transaction on the blockchain included a message that pointed to The Times article we have linked to above. It is an illustration of the reason why Bitcoin was created. Because the financial system was going into meltdown. Banks had failed us, centralised institutions had provided no protection, and governments were at a loss. As you read the texts in this series, do keep our disclaimer in mind. We aren’t in the business of politics, and we couldn’t care less who is right or wrong in the disputes we are going to be discussing. What we do care about is that we put in p...
Why and How to Buy a House with Cryptocurrency
Web3 is about ownership. One of the incredible things about blockchain technology that lies at its heart is that it allows you to own digital objects like they were physical. That includes money. You can use it in ways that aren’t traditionally associated with money, like as a store of value, or for one of the myriad utilities that tokens can have (have you read this thread where some of the future utilities of our token UTK are mentioned?), but at the end of the day, the simple truth remains: Crypto is money. It is a better form of money. Safer. Faster. More convenient. It lends itself better to any purchase, really, but one of the verticals where it’s been making a massive splash is real estate. So why is that? — Real estate is the ultimate property - If you are concerned about investing, if you are making plans for the future, if you are considering how to protect your interests, then odds are you are seriously considering real estate. Odds are, in fact, that you already own crypto. 83% of millennial millionaires own crypto. How much crypto? A lot. 53% of millionaire millennials have 50% of their wealth in crypto. If you were a crypto millionaire looking to diversify, where would you go? That’s right, real estate. — Buying with crypto is objectively better - So crypto users love real estate, but why would they not simply use fiat to invest? That’s how it’s always been done, right? Well, bec...
How might CBDCs look in the future?
Will CBDCs be the future of crypto? Shorter answer: no. Short answer: they will be a part of it. Long answer: first of all, what even are CBDCs? CBDCs, or Central Bank Digital Currencies, are stablecoins that are managed by central banks. They are a sort of hybrid between decentralized cryptocurrencies like Bitcoin or Ethereum and fiat currencies the US Dollar or the Euro. CBDCs are very much a nascent concept, and not a lot of them exist yet. Most are still in a proof of concept stage, and that means we don’t know a lot about them. Let’s take a look at what we do know: — Will CBDCs be on the blockchain? - Short answer: Some will, some won’t. Correct answer: We’ll see. Let’s take a look at one of the CBDCs that are already actually in circulation, the Digital RMB. The Digital RMB, or DCEP (Digital Currency Electronic Payment) is already in circulation in certain areas of China. It has legal tender status, meaning that all merchants in these areas are obligated to accept it. It is issued by the People’s Bank of China. For all intents and purposes, it is a fiat currency. So what is the difference between the DCEP and any other fiat currency? Isn’t 92% of the world’s fiat money already digital anyway? Yeah… That’s kinda the point. The Chinese government sees the DCEP as a way of getting rid of banknotes and coins. While fiat money has no intrinsic value (by definition) and is already mostly use...
Introducing UTK 2.0
Introducing UTK 2.0 — The Tokenomics Upgrade That Will Transform The Utrust Token Into A Powerful Digital Currency Ready For Global Adoption - Today is a big day for Utrust and Elrond. It is the day we present a new economics model for UTK 2.0. One designed to reshape payments, putting Utrust, our community and merchants at the epicenter. Time to enter the next level. So what does this new model bring? powerful and new utility;, a potent value accrual mechanism;, a new economics model;, a remarkable bootstrapping process;, a much wider distribution to a larger community., What is the core utility of the UTK 2.0 token? The purpose of the UTK 2.0 token is threefold: to incentivize accepting crypto, and paying with crypto;, to capture value as more payments are made through the platform by combining a buy & burn mechanism for each transaction;, to align the interests of all actors, users, merchants, etc. by transitioning to a DAO governed by token holders., — 1 — Core Utility Model 💡. — You know the reason why we are here: we want to further enable Web3 payments. Not for some, for all. The purpose of the token is to accelerate this. To incentivize not just the usage of crypto, but its usage as money 💰 So we are going to make it really advantageous for everyone to accept crypto and pay with crypto. Here’s how: Cashback, staking and premium features for all! First things first: you u...
Why you should accept crypto payments on your ecommerce business
Ecommerce is booming. The reasons are myriad, but we know one thing for sure: the pandemic supercharged the process. It’s not hard to see why. Most nations across the world enacted some form or other of lockdown and restrictions that kept people indoors more time than they were used to, and conditioned access to brick-and-mortar establishments. Ecommerce seemed perfectly suited to address this situation, and that’s exactly what happened. Small and large businesses alike amplified their ecommerce capabilities sooner or to a larger degree than they expected, and we all saw the results of this. The issue is whether these results will continue into a post-pandemic future. Will we revert back to what existed before? Everything indicates we won’t. Ecommerce is here to stay, and the effects we saw during the pandemic likely only accelerated a process that was happening either way. So how do merchants make sure that they remain relevant and competitive in a market that is much more globalized than what came before? — Find new audiences. — In ecommerce, you are no longer selling to whoever has access to your physical store. You need to assume everyone does. That means finding whoever wants your product, and maybe you’ll find that these aren’t the people you were catering to before. Crypto is an easy answer to this. Crypto users are relatively wealthy, young, and tech-savvy. These are all demographic traits an ...
Artentik is using the power of NFTs for good
Hello, Utrust family 💜 NFTs are rapidly becoming a staple of the Web3 world, and we are thrilled to watch how their potential is unravelling before our eyes. We’ve already written about how the art world is leading this revolution and even about how the music world, as well as all performance arts, are right there behind them. But every single day, we are surprised by something new, something extraordinary and creative. In this case, we are privileged to say we get to be a part of an incredible project that is using this technology to preserve priceless heirlooms and do good. Utrust is ever so proud to provide our services to accept and process crypto payments for this wonderful initiative. — Artentik is a Santa Casa da Misericórdia initiative. — If you don’t know who the Santa Casa are, let us just give you the highlights of one of Portugal’s most storied and important institutions. They were founded in 1498 by Queen Leonor, with the mission of protecting the poor, downtrodden and sick of the city of Lisbon. Throughout their over 500 years of history, they have always been (and still remain) one of the most important and influential charities and social projects in the country. While the Lisbon institution remains the largest and most significant chapter, there are over 2000 Misericórdias all over the country as of the writing of this article. You can read about all of the incredible achievements o...
You should buy your car with crypto
Crypto is money. Full stop. You can use it in ways that aren’t traditionally associated with money, like as a store of value, or for one of the myryad utilities that tokens can have (have you read this thread where some of the future utilities of our token UTK are mentioned?), but at the end of the day, the simple truth remains: Crypto is money. It is a better form of money. Safer. Faster. More convenient. It lends itself better to any purchase, really, but one of the verticals where it’s been making a massive splash is automotive. So why is that? — Adoption likes tech. — We are so used to cars by now that we almost forget what a marvel of engineering they are. Metal, plastic, maybe some glass and leather, and you have a machine that can propel your body at hundreds of kilometers an hour. If you are using money that’s made of electricity, how could you possibly not love that? We know a few things about the 300 million people worldwide that are using crypto: We know they are relatively young, relatively tech-savvy, and relatively wealthy. How could that demographic possibly not be interested in a Tesla? — Buying with crypto is objectively better. — So crypto users love cars, but why would they not simply use fiat to purchase them? That’s how it’s always been done, right? Well, because crypto payments are faster, safer, and cheaper, that’s why: No hidden fees. No shenanigans. We will...
The day has come: Utrust & Elrond have united to take over the Web3 payments landscape
If you follow us for a while (and a lot of you do, we appreciate you!) then you will know we are not fond of overly hyping our announcements. We are focused on delivering, not fanfare. We are in it to create real and lasting change, and sometimes that means a little restraint. Not today. — We have come so very far. — We have achieved some truly great things in a very short time with Utrust. We are proud to say we have created the crypto payment gateway with the finest UX/UI in the world. It works with any wallet. It supports all major e-commerce integrations. Utrust users know we have our own wallet. It comes with an exchange, a VISA card, and banking connectivity that complies with evolving regulations. It hasn’t always been easy, but in under four years we have onboarded tens of thousands of businesses and customers. We have grown over 1700% just in the last year. Our team has grown from just a few people to a little under 50 amazing professionals, with solid backgrounds and incredible advisors. We have always remained transparent. Our integrity is unimpeachable. And, of course, our community has grown alongside us. Seeing you all gathering around our project is perhaps the most rewarding part of this job. It’s amazing to look back at all we have achieved so quickly. And yet, we have never settled. Because we always knew that the best was yet to come. — The future is waiting for us. — So when ...
More UTRUST (#UTK) News
|Utrust and Lugano Are Bringing Crypto Payments to an Entire City
PRESS RELEASE. October 27th, Lugano Switzerland — The city of Lugano is the largest city in the canton of Ticino, Switzerland. They are also the economic capital of Southern Switzerland, strategically located between the metropolitan areas of Milan and Zurich. Part of Lugano’s appeal as a vibrant financial center is its commitment to the adoption and usage of cryptocurrencies.
On the 3rd of March 2022, the City of Lugano and Tether Operations Limited signed a Memorandum of Understanding to collaborate on an initiative called Plan ?, meant to make Lugano one of Europe’s and the world’s main hubs for digital innovation with a focus on blockchain technologies. A part of this plan would always be to bring crypto payments to the whole community, providing everyone with the opportunity to enjoy faster, safer, and less expensive payments.
Utrust will be providing crypto payments infrastructure both for government services and all e-commerce businesses. Utrust’s solution allows people to make seamless payments through cryptocurrencies such as Tether & Bitcoin (including Lightning Network).
Utrust has created the world’s first crypto payment solution to offer instant transactions, buyer protection, and crypto-to-cash settlements. Now, this ability to provide cheaper, faster, and safer payments for users worldwide and near-instant and secure global settlements at a trivial cost, accessible to merchants globally, will be put at the service of the enti...