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Price
$0.0028
10/2/2022, 7:44:36 PM
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Market

Market stats

Market cap

-

Volume (24h)

$31.63

Circulating supply

-

All time high

$0.10

Price change (1h)

+0.79%

Price change (24h)

+1.92%

Price change (7d)

+7.74%

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Urubit is on the rise this week.

The price of Urubit has risen by 7.74% in the past 7 days. The price increased by 1.92% in the last 24 hours. In just the past hour, the price grew by 0.79%. The current price is $0.002826 per URUB. Urubit is 97.17% below the all time high of $0.10.

The current circulating supply is 0 URUB.

About

What isUrubit (URUB)?

Urubit (URUB) is a blockchain-based project developed by the Urubit Group. As the website describes, the project aims to introduce the perks of blockchain technology to Latin America. Problems like inflation, less utilization of banking facilities, and deteriorating payment system are common in Latin America. Urubit seeks to resolve the issues by launching an innovative cryptocurrency developed in Uruguay. The Urubit Group is dedicated to creating crypto-financial products that are legal, secure, and easy to use. 

Urubit intends to assist people to start exploring the world of decentralized finance (DeFi). The project allows users to put their funds in a trustable space while making passive earnings. 

According to its whitepaper, the project features the U-Wallet, a simple and intuitive cryptocurrency wallet. U-wallet operates seamlessly on both BEP-20 and ERC-20 networks. BEP-20 signifies the Binance token standard, allowing users to utilize the tokens on the Binance Smart Chain (BSC). The wallet comprises various financial products, enabling users to secure their funds in the right products. U-wallet is not profit-driven. Hence, users enjoy low transaction fees when using the wallet.

The U-wallet has several other features. For example, the wallet integrates with Web3 to support the functioning of decentralized applications (DApps). The U-wallet is available as an application on both Android and iOS. The application implements additional biometric features to ensure optimum security. The app encourages users to add and store custom tokens in the wallet. Besides crypto-tokens, users can continue creating unlimited wallets without any hassle. 

U-Teller deploys a network of cryptocurrency ATMs, or UTM, to simplify trading and reduce fraudulent activities. U-Teller is a company created by the Urubit Group. The company intends to be the preferred choice among people when trading crypto-assets. As the whitepaper mentions, UTM is exclusively supported by Binance. 

URUB or URUBIT is the native token of the Urubit project. Urubit is also the native digital currency of the U-wallet. The token is deflationary, meaning that the count of tokens reduces in circulation with time. The scarcity of tokens ensures that the value of URUB increases. URUBIT benefits users with passive revenues by distributing static rewards for holding the crypto-tokens. The network charges a 4 percent transaction fee when trading URUBIT. Two percent of the charges are distributed among URUB holders. However, the remaining 2 percent of the tokens are burned or eliminated from the supply. Burning of the Urubit coins implies that the coins are removed and sent to unknown wallet addresses. In short, once burned, the URUB tokens are lost forever. 

History of Urubit (URUB):

The founders of Urubit are Santino Veiga and Facundo Rodriguez. 

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FAQ

What is the current price of Urubit?

The price of 1 Urubit currently costs $0.0028.

What is the market cap of Urubit?

The current market cap of Urubit is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Urubit?

The all-time high of Urubit is $0.10. This all-time high is highest price paid for Urubit since it was launched.

What is the 24 hour trading volume of Urubit?

Over the last 24 hours, the trading volume of Urubit is $31.63.

What other assets are similar to Urubit?

Assets that have a similar market cap to Urubit include VLaunch, Anomus, Agrinoble, and many others. To see a full list, see our comparable market cap assets.

How many Urubit are there?

The current circulating supply of Urubit is 0.

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