๐ "UTK (xMoney) Rallies ~27% to $0.036 on Cashback & Staking Interest"
๐น Quick Stats (Aug 2025)
Price: ~$0.0365 (โ ~26โ27% in 24h)
Market Cap: ~$26M (with 704M circulating of 1B max supply)
Volume (24h): ~$30โ35M
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๐ง What Is UTK?
UTK is the native token for xMoney, previously known as Utrust. It powers a crypto payment platform focused on fast, secure, lower-fee global transactions with embedded buyer protection. Payments made using UTK avoid exchange rate fees, and each transaction burns a portion of tokens to reduce supply. It started as an ERC-20 token and later migrated to ESDT on the MultiversX network.
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๐ Highlights
Surging Interest: UTK jumped ~27% in the past day, outperforming the broader market, driven by staking incentives and cashback mechanics.
Deflationary Tokenomics: Each transaction burns UTK and offers benefits like staking via โGuildsโ on MultiversX, providing up to ~10โ16% APR depending on staking tier.
Real-World Use Case: Enables seamless merchant crypto payments, integrated with MultiversX via xPortal wallet and xPayback programs offering cashback and loyalty rewards.
> Disclaimer: For educational use onlyโnot financial advice.
