By
Mayowa Adebajo
March 12th, 2024
The number of applications for tokens exceeds the supply by 5 times. How did Universa manage to blow away the cryptocurrency market again?
Universa project joining inter-project token swap (IpTS) with UTN tokens has become a hot topic for discussion. The swap took its place from the 6th to the 9th November. Even though IpTS lasted just for four days, the results were breaking for Universa. The amount of applications for tokens was extraordinary: the demand-supply ratio exceeded five.
Alexander Borodich, founder and president of Universa is definitely satisfied with the results: “Certainly it is a great pleasure for us that exchange for UTN tokens has aroused such an interest. It means that we are doing a huge story and are moving in the right direction. We are happy to cooperate with ICOBox within the inter-project token swap programme. That is a good opportunity for us to attract more potential users of the system we are developing, as well as for the users to benefit from the innovations provided by our company”.
Universa project is aimed at working with applications designed for the real sector of economy. They concentrated on solving the problems that different businesses face while using blockchain. This protocol and blockchain platform originated in Russia is famous for the speed of operations. Universa can process transactions 5 times as fast as bitcoin blockchain. It also attracts supporters for the low transactions costs and and high reliability of security mechanisms.
Universa system offers a wide variety of operations for UTN tokens to be spent on. It is perfectly described in Universa Whitepaper: “Where traditional blockchains transact primarily in currencies, Universa is designed to support token representation of everything from passports to boarding passes, bus tickets or taxi fares; they can be gift cards, vouchers, or gym membership cards. You might make a token representing your title deed, or just the keys to the house”.
The Universa project already became the center of attention for several times. The cryptocurrencies market became a witness of a stratospheric rise of UTN token on the 28th of October. It took less than three hours for Universa to attract $10 million. Today the project is aiming at $ 100 million. The funds raised are used for the further development of the Universa project and creating its own investing fund.
The IpTS technology used for the latest UTN tokens sale was created by the ICOBox Company. This brand-new project has already gained a lot of popularity among professional token holders. IpTS is highly appreciated for the large access its users have to the new ambitious startups’ tokens. The creation of IpTS was stimulated by the users of ICOS platform that wanted to get an effective tool for digital assets exchange.
UTN tokens are still on purchasing. They are no longer available within IpTS, but Universa organized Token Sale that will run until the 9th of December.