UTU Protocol Market Cap Tops $603,831.12 (UTU)

UTU Protocol (UTU) traded up 6.5% against the dollar during the 24-hour period ending at 19:00 PM ET on August 5th. One UTU Protocol coin can now be bought for approximately $0.0049 or 0.00000021 BTC on major exchanges. Over the last week, UTU Protocol has traded 9.2% lower against the dollar. UTU Protocol has a market capitalization of $603,831.12 and $529.00 worth of UTU Protocol was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

  • BITCOIN ADDITIONAL (BTCA) traded up 2.7% against the dollar and now trades at $23,228.16 or 0.99990000 BTC.
  • Binance USD (BUSD) traded down 0% against the dollar and now trades at $1.00 or 0.00004305 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded up 0.1% against the dollar and now trades at $1.00 or 0.00004307 BTC.
  • Polygon (MATIC) traded up 3.7% against the dollar and now trades at $0.92 or 0.00003972 BTC.
  • Mammoth (MMT) traded 5.9% lower against the dollar and now trades at $0.85 or 0.00003638 BTC.
  • yOUcash (YOUC) traded 0% lower against the dollar and now trades at $0.51 or 0.00002201 BTC.
  • FTX Token (FTT) traded up 5.2% against the dollar and now trades at $30.62 or 0.00131797 BTC.
  • Chainlink (LINK) traded up 7% against the dollar and now trades at $7.83 or 0.00033691 BTC.
  • Geegoopuzzle (GGP) traded 1.2% lower against the dollar and now trades at $15.08 or 0.00064915 BTC.

About UTU Protocol

UTU is a coin. UTU Protocol’s total supply is 1,000,000,000 coins and its circulating supply is 124,476,610 coins. UTU Protocol’s official Twitter account is @UTU_trust. The official message board for UTU Protocol is utu-trust.medium.com. The official website for UTU Protocol is protocol.utu.io.

According to CryptoCompare, “UTU Technologies is based in Kenya, UTU was founded to offer a different, social-relationship based approach to establishing trust, rather than scores, aggregated reviews and ratings in order to transform the sharing economy into a trust economy. For this purpose, UTU Technologies is  building a platform consisting of two main components: A trusted recommendation service, a web service to deliver trusted service recommendations based on users’ and providers’ social relationships and other data, and A decentralised and blockchain-based protocol to enable users to make publicly verifiable staked endorsements (or disapprovals) of services, and to facilitate the necessary data provision. Each of these activities has the potential to earn rewards for the user, thus incentivising them to partake. The protocol will also not only be useable for our own service, but also other, 3rd-party services.  UTU Tecnologies wants to incentivise clients directly to provide data. For this purpose, we devise a blockchain-based protocol with a non-transferable utility token — UTU Tokens — to be built on a blockchain platform. Intuitively, clients will be rewarded for active participation in the system with  UTU Tokens. They can be used to make staked endorsements and access trusted recommendations provided by the UTU Recommendation Service and other services.  The token will be non-transferable to prevent people “buying into” the network, essentially buying trust. “

Buying and Selling UTU Protocol

It is usually not presently possible to buy alternative cryptocurrencies such as UTU Protocol directly using US dollars. Investors seeking to trade UTU Protocol should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy UTU Protocol using one of the aforementioned exchanges.

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