UTU Protocol Trading 7.1% Lower This Week (UTU)

UTU Protocol (CURRENCY:UTU) traded 4.9% higher against the US dollar during the 24-hour period ending at 14:00 PM ET on September 15th. During the last week, UTU Protocol has traded 7.1% lower against the US dollar. UTU Protocol has a market capitalization of $2.91 million and $100,853.00 worth of UTU Protocol was traded on exchanges in the last day. One UTU Protocol coin can currently be purchased for approximately $0.0318 or 0.00000066 BTC on major cryptocurrency exchanges.

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

  • Chainlink (LINK) traded up 5.9% against the dollar and now trades at $30.61 or 0.00063794 BTC.
  • Binance USD (BUSD) traded 0% lower against the dollar and now trades at $1.00 or 0.00002084 BTC.
  • Polygon (MATIC) traded up 5.3% against the dollar and now trades at $1.38 or 0.00002874 BTC.
  • FTX Token (FTT) traded up 5.9% against the dollar and now trades at $71.92 or 0.00149899 BTC.
  • THETA (THETA) traded up 7.4% against the dollar and now trades at $6.84 or 0.00014258 BTC.
  • DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Dai (DAI) traded up 0% against the dollar and now trades at $1.00 or 0.00002086 BTC.
  • Aave (AAVE) traded up 1.5% against the dollar and now trades at $387.64 or 0.00807994 BTC.
  • PancakeSwap (CAKE) traded up 10.4% against the dollar and now trades at $22.29 or 0.00046454 BTC.

About UTU Protocol

UTU Protocol (CRYPTO:UTU) is a coin. UTU Protocol’s total supply is 1,000,000,000 coins and its circulating supply is 91,454,545 coins. The official website for UTU Protocol is protocol.utu.io. UTU Protocol’s official Twitter account is @UTU_trust. UTU Protocol’s official message board is utu-trust.medium.com.

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 currently possible to purchase alternative cryptocurrencies such as UTU Protocol directly using U.S. dollars. Investors seeking to trade UTU Protocol should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase UTU Protocol using one of the aforementioned exchanges.

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