UTU Protocol (UTU) Achieves Market Cap of $2.33 Million

UTU Protocol (CURRENCY:UTU) traded down 14.3% against the U.S. dollar during the twenty-four hour period ending at 23:00 PM E.T. on November 25th. UTU Protocol has a total market cap of $2.33 million and $87,159.00 worth of UTU Protocol was traded on exchanges in the last 24 hours. One UTU Protocol coin can currently be purchased for approximately $0.0255 or 0.00000044 BTC on major exchanges. During the last week, UTU Protocol has traded 19.2% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Crypto.com Coin (CRO) traded 11.8% lower against the dollar and now trades at $0.75 or 0.00001297 BTC.
  • Polygon (MATIC) traded 0.1% higher against the dollar and now trades at $2.00 or 0.00003275 BTC.
  • Polygon (MATIC) traded up 6.2% against the dollar and now trades at $1.88 or 0.00003237 BTC.
  • Binance USD (BUSD) traded 0% lower against the dollar and now trades at $1.00 or 0.00001727 BTC.
  • Chainlink (LINK) traded 0.6% lower against the dollar and now trades at $26.10 or 0.00045059 BTC.
  • Decentraland (MANA) traded up 0.3% against the dollar and now trades at $5.09 or 0.00008794 BTC.
  • Axie Infinity (AXS) traded 1.9% lower against the dollar and now trades at $135.69 or 0.00234274 BTC.
  • Parkgene (GENE) traded 2,618,096.3% higher against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • FTX Token (FTT) traded up 2.6% against the dollar and now trades at $51.82 or 0.00089470 BTC.
  • THETA (THETA) traded up 5.1% against the dollar and now trades at $7.17 or 0.00012386 BTC.

About UTU Protocol

UTU is a coin. UTU Protocol’s total supply is 1,000,000,000 coins and its circulating supply is 91,454,545 coins. UTU Protocol’s official message board is utu-trust.medium.com. UTU Protocol’s official Twitter account is @UTU_trust. UTU Protocol’s official website 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 possible to buy alternative cryptocurrencies such as UTU Protocol directly using US dollars. Investors seeking to acquire UTU Protocol should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy UTU Protocol using one of the exchanges listed above.

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