Utrust (UTK)

Utrust (UTK)

Rank #370

$0.095903

0.08%

0.000005 BTC

UTK
USD

MARKET CAP

$47.952M

ALL TIME HIGH

$1.49

VOLUME 24H

$2.902M

CIRC. SUPPLY

500M

VOL/MCAP

6.00%

TOTAL SUPPLY

500M

DILUTED MCAP

$47.952M

MAX SUPPLY

500M

1H USD

0%

24H USD

0.08%

7D USD

25.14%

30D USD

13.31%

60D USD

3.75%

90D USD

0%

Tag:

cybersecuritypaymentssmart-contractselrond-ecosystemView all

Utrust Price Chart

24h Change

0.08 %

Utrust - UTK Profiles

What is Utrust?

Utrust is a cryptocurrency payment platform with hundreds of stores and millions of users globally. Users can use Utrust to pay for items ranging from TVs to a morning coffee.

The solution that Utrust provides will help reduce costs to a minimum, while ensuring handling of risks that may occur during the procurement transaction.

How does Utrust's system work?

When the buyer selects the payment cryptocurrency, the system will send a notification including the converted amount and the fee for this transaction.

Utrust will then convert the cryptocurrency to USD to ensure that the seller can also receive the full invoice value without being affected by the cryptocurrency market.

How does Utrust hedge against crypto exchange rate fluctuations?

When buyers use Utrust's payment method, they can freely choose between Utrust Token (UTK) or various other cryptocurrencies such as BTC, ETH or DASH. This amount of cryptocurrency will be processed thanks to two main parts of the Utrust system:

  • Bridge with exchanges: Utrust will quickly convert the amount of tokens received from buyers into USD to minimize the cost of the payment process.
  • Reserve Funds: To quickly react to fluctuations, the Utrust system always stores a certain amount of money in the form of USD.

With the above special design, Utrust ensures to receive the full value of the invoice despite exchange rate fluctuations, while minimizing costs for consumers when paying with crypto.

How does Utrust protect sellers and buyers?

Based on past transaction data, Utrust will evaluate the seller's credit score, thereby determining the length of the transaction hold period. This phase can last from 0 to 21 days depending on the seller's reputation.

In the event that the buyer has complaints:

  • The system will automatically connect the two parties to resolve the dispute. If the conflict is resolved satisfactorily, the original amount will still be handed over to the seller.
  • If disputes continue to arise, the Mediator system, based on the data provided by the parties, will make a final decision.

Dispute handling as above can be said to be not strange for many online commerce platforms. However, with its convenient cryptocurrency solution and its impressive fee of only 1%, Utrust is expected to be able to change the shopping habits of hundreds of millions of users globally.

Read more: CLICK HERE

Utrust Price Live Data

UTK Price

$0.095903

Trading Volume

$2.90 M

All Time High

$1.49

1hour Change

-0.36%

24hours Change

0.08%

24hours Range

0.08%

24hours Low

$0.26

24hours High

$0.27

Liquidity ±2%

$365.00 B

Bids -2%

$364,996.00

Asks +2%

$420,825.00

Market Cap

$47.95 M

Fully Diluted Market Cap

47.95 M

Circulating Supply

500.00 M

Total Supply

500.00 M

Max Supply

500.00 M

Utrust Markets

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