Binance Integrates Elrond Tokens with UTK as a First Listing

Binance has finalized the integration of the Elrond Standard Digital Token (ESDT) standard, which we are really excited about.

Binance is the world’s largest and most important digital asset exchange in terms of user base, trading volume, and liquidity. It is the world’s premier site for new individuals to explore the crypto sector, and now the Elrond ecosystem, with a huge array of services ranging from asset trading and fiat on/off-ramp to payments and liquidity management.

“Our strategic partner’s massive user base will soon be able to explore digital assets working at an internet scale, and projects originating on Elrond Network will be able to tap into the largest marketplaces and the deepest liquidity.” “This integration is a huge step forward for the whole Elrond ecosystem,” stated Elrond Network CEO, Beniamin Mincu.

UTK is the first ESDT token to be published on Binance.

Utrust, the premier crypto payments service that just joined the Elrond family to promote Web3 payment acceptance, is the first to benefit from the integration. The UTK token, which serves as the foundation of the Utrust payment system, may now be deposited and withdrawn as an ESDT directly on the Elrond blockchain.

“It’s quite wonderful to have the largest exchange supporting this integration.” This will speed the integration of Utrust payments technology with Elrond DeFi products, a crucial step toward developing our Merchant Yield product, which will be the spark for making Web3 payments really popular,” stated Sanja Kon, CEO of Utrust.

UTK was initially launched as an ERC20 token on the Ethereum platform. Products that use the UTK token will benefit from speedier transactions at substantially cheaper costs by embracing the ESDT standard.

Furthermore, the latest “UTK 2.0” economics update is expected to increase the UTK token’s usefulness by introducing powerful new value accrual mechanisms and incentives to drive Web3 payments usage for a far larger variety of businesses worldwide.

With powerful new economics anchored by the sophisticated Elrond Standard Digital Token standard, UTK is poised to extend its usefulness and garner additional long-term support through the powerful Maiar Exchange goods and the larger Elrond DeFi ecosystem.

Increasing the Elrond Ecosystem’s Growth

The integration of ESDT technology with the world’s premier digital assets platform represents a significant advancement for Web3 payments and projects based on Elrond Network technology.

• Users.
• Markets.
• Adoption.
• Opportunities.

Everything is on a MASSIVE new scale. This is only getting started.