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UTK Token
Tokenomics
Tokenomics

The tokenomics of the UTK 2.0 token.

Updated over a week ago

  • 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.

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