The edge that pays for itself.
Utrust (UTK) Price
Utrust Price
Technical Analysis
Daily indicators based on 1d candle data
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| HTX | UTK/USDT | 0.03 | 91.00 | 278.16 | 2.68 M | 0.14 | cex | 24.00 | 7/9/2025, 6:23 AM |
| Binance | UTK/USDT | 0.03 | 24,918.39 | 25,119.84 | 871,476.66 | 0.01 | cex | 540.11 | 7/9/2025, 6:23 AM |
| BitMart | UTK/USDT | 0.03 | 15,131.97 | 6,506.54 | 645,834.47 | 0.04 | cex | 360.00 | 7/9/2025, 6:21 AM |
| Hotcoin | UTK/USDT | 0.03 | 6,912.18 | 4,888.59 | 524,269.27 | 0.07 | cex | 269.00 | 7/9/2025, 6:23 AM |
| MEXC | UTK/USDT | 0.03 | 22,038.05 | 13,735.07 | 272,253.02 | 0.01 | cex | 446.00 | 7/9/2025, 6:18 AM |
| Gate | UTK/USDT | 0.03 | 7,339.28 | 10,116.78 | 235,772.93 | 0.01 | cex | 378.00 | 7/9/2025, 6:23 AM |
| BTCC | UTK/USDT | 0.03 | 247,123.61 | 251,279.15 | 230,907.89 | 0.04 | cex | 320.00 | 7/9/2025, 6:18 AM |
| WhiteBIT | UTK/USDT | 0.03 | 8,561.55 | 6,950.16 | 200,222.79 | 0.02 | cex | 273.00 | 7/9/2025, 6:18 AM |
| Ourbit | UTK/USDT | 0.03 | 18,914.72 | 17,699.31 | 144,919.32 | 0.01 | cex | 423.00 | 7/9/2025, 6:15 AM |
| Tapbit | UTK/USDT | 0.03 | 101.52 | 98.02 | 91,708.65 | 0.01 | cex | 28.00 | 7/9/2025, 6:18 AM |
Utrust FAQ
xMoney, formerly known as Utrust, was developed to address challenges associated with the limited usability of cryptocurrency as a means of payment. This includes the underdeveloped transactional security of payment platforms and relatively high fees. The platform's primary objective is to establish a system that facilitates rapid and seamless crypto transactions at reduced fees, allowing merchants to access a substantial audience of crypto holders. The platform empowers buyers to make secure purchases while providing options for refunds and shielding sellers from the high volatility inherent in the crypto market. Furthermore, the platform aims to incorporate fast and seamless crypto and fiat transactions at lower costs, enhancing merchant accessibility to a wide audience of crypto holders. xMoney's ambition is to create a more reliable payment platform by integrating the most advantageous aspects of blockchain technology with traditional fiat systems. Through the utilization of cutting-edge technology and a strategic partnership with MultiversX, xMoney equips individuals and businesses to optimize their payment processes, drive growth, and offer exceptional customer experiences. With a steadfast commitment to innovation and excellence, xMoney continues to be a leader in transforming the financial industry. The native token of xMoney, UTK, along with its tokenomics UTK 3.0, primarily aims to encourage desirable behaviors such as the acceptance of both crypto and fiat by businesses, and the facilitation of payments. This incentivizes more companies to join the ecosystem, creating a flywheel effect that benefits buyers, users, investors, token holders, and businesses. This collaborative approach further advances the adoption of decentralized financial tools and currencies. For more detailed information about xMoney, please refer to Eulerpool.
Nuno Correia is a co-founder of xMoney (formerly known as Utrust) and serves as the chairman of its board of directors. Correia has been active in the cryptocurrency industry since 2011 and has established multiple B2C enterprises. He possesses expertise in marketing and law. Roberto Machado is a co-founder, board member, and Chief Product Officer (CPO) of xMoney. Before joining xMoney, Machado gained experience working with international companies such as Uphold, AT&T, and Airtel. Filipe Castro is a co-founder, board member, and Chief Compliance Officer (CCO) of xMoney. He holds a degree in computer science from the University of Porto. Prior to his involvement with xMoney, Castro worked on the development of software-related solutions.
By integrating the benefits of cryptocurrencies with those of traditional fiat currencies, a Unified Crypto-Fiat Payment Network has the potential to transform the way transactions are conducted, effectively bridging the divide between current financial systems. With a comprehensive understanding of the varied needs of individuals and businesses, we have created proven solutions that have gained widespread acceptance among millions worldwide. The solutions currently available include: xMoney Crypto Pay – Facilitate crypto payments for your business effortlessly. Make or receive fast, cost-effective cross-border payments with ease, no matter your location. Our platform enhances the capabilities of individuals and businesses, providing seamless and affordable cross-border transactions without reliance on traditional banking. Cryptocurrency users often utilize multiple wallets and exchanges to manage their crypto assets. xMoney seeks to simplify this process by offering its own native wallet, enabling users to execute fast and secure transactions. This mobile wallet supports both on-chain and off-chain payments and further allows users to convert cryptocurrencies to fiat, aiding in mitigating price volatility.
The total supply of UTK is capped at 500 million, with the entire amount currently in circulation.
Following its acquisition by MultiversX, UTK was integrated into the MultiversX network as an ESDT token. The MultiversX network is protected by the secure proof-of-stake (SPoS) consensus mechanism. To secure the network and serve as validators, all nodes are required to stake EGLD.
The UTK token is supported by several major cryptocurrency exchanges, including Huobi, KuCoin, Binance, Hotbit, and Bitfinex, among others.
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