Buy UTU Coin (UTU)

What is UTU Coin?

UTU Coin (symbol: UTU) is the currency of the UTU protocol, used as a form of payment within the UTU app ecosystem to facilitate trusted interactions. It aims to become the trust infrastructure of the internet by replacing anonymous rating systems with decentralised trust models.

How does UTU Coin work?

UTU Coin operates on the Ethereum and Binance Coin blockchains, utilising their decentralised infrastructure. It employs sophisticated trust algorithms to analyse user interactions and generate trust scores for participants. The protocol integrates with smart contracts to allow B2B and P2P platforms access to this trust data, facilitating trust-based interactions.

What are the potential use cases for UTU Coin?

UTU Coin is used to govern access to the UTU Protocol's trust infrastructure, which provides personal relationship-based recommendations for services. It finds applications across various sectors including DeFi, healthcare, and financial services. Notable collaborations include partnerships with Ocean Protocol and the Africa DeFi Alliance, enhancing its applicability in data markets and decentralized finance.

What is the history of UTU Coin?

UTU Coin's origins trace back to the UTU Protocol, co-founded by Jason and Bastian, who previously founded Kenya’s first taxi app, MaraMoja. The protocol focuses on creating trust models around human interactions. It has evolved by integrating with major blockchains and forming partnerships, such as with Meter and Ocean Protocol, to expand its trust-based solutions.