About
The tokenomics of UTK 2.0
DAO
Info
By transitioning to a DAO, where a part of the fees from all transactions goes straight to the DAO Protocol treasury, we will enable value to flow outward.
The treasury DAO will be governed by token holders and every key decision regarding the funds held in treasury will be voted on and decided democratically.
The buy and burn mechanism
Transactions
For each transaction, 0.5% of the value will be used to buy UTK and burn it. Another 0.5% will be purchased at the same time and will go straight to the DAO treasury.
Supply
Once the supply reaches the value of 250 million tokens, the burning will stop and buybacks will go to the DAO treasury.
Core utility
Incentives
Greatest value add
Web3 layer
User
Cashback
Using xMoney products, will give the user cashback.
Staking
On-chain staking gives the user staking rewards.
Ownership/Voting/DAO
Every key decision regarding the funds held in the treasury will be voted on and decided democratically.
Business
Merchant cashback
Cashback for accepting payments
Merchant yield and staking
Businesses receive interest on crypto payments they keep with xMoney
Ownership/Voting/DAO
Every key decision regarding the funds held in the treasury will be voted on and decided democratically.
Note: Detailed tokenomics and other detailed useful information can be read in our tokenomics UTK 2.0 article.