UTT, a token issued by United Traders, now trades on UTEX paired with the US dollar and can be bought and sold freely.
UTT’s biggest advantage is that it enables you to pay commissions at a discount. The standard commission on a UTEX transaction is 0.2%, but you pay half as much — 0.1% if you pay with UTT tokens.
Example. Suppose you have one UTT token in your account, and the current UTT price is $0.3. You buy $150 worth of bitcoin on UTEX. If you pay the fee on the transaction with UTT tokens, it will be only $0.15 (0.1%), instead of $0.3 if you pay with dollars. If you use UTT to pay the fee, 0.5 UTT tokens will be automatically deducted from your account, and you still have 0.5 UTT left over.
A similar discount applies to futures trading: when you pay with UTT, the commission on such transactions is 1.5%, instead of 3%, the standard fee.
The UTT price for commission payment is based on the token’s current price on UTEX. Every transaction of tokens deduction for fee payment is shown in the "History" se
