How and Where to Buy Universa (UTNP) – Detailed Guide
- What is UTNP?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy BTC with fiat money
- Step 3: Transfer BTC to an Altcoin Exchange
- Step 4: Deposit BTC to exchange
- Step 5: Trade UTNP
- Last Step: Store UTNP securely in hardware wallets
- Other useful tools for trading UTNP
- Frequently Asked Questions
- Latest News for UTNP
- UTNP Price Prediction and Price Movement
What is UTNP?
What Is Universa Blockchain?
Universa Blockchain is the platform and the protocol intended for decentralized storage of the trust/validity for modifiable smart contracts, focused on real-world businesses and digitizing/tokenizing the business processes with minimum interference to the established existing infrastructure. Each smart contract in Universa is a Ricardian-style contract, a structured document that can store the static data (both invariant and modifiable), as well as a set of permissions, roles, references to other documents, and requirements needed to edit the stored data. This allows for easy digitizing and “tokenizing” a wide spectrum of various documents, from regular fungible assets (currencies/fungible tokens/commodities) to non-fungible entities (“square meters” of land of different class, real estate, unique items and objects of art) or any other complex documents – including but not limited the role-access-based DAO management controlling issuance of these documents.
To prevent the Sybil attacks possible in permission-less blockchains, the Universa Blockchain uses the permissioned approach to nodes, requiring a license for node ownerships and doing the liberal but mandatory real-world verification of the node owners, preventing unsolicited collection of the network control power by one party (or related parties). The consensus mechanism is Proof-of-Authority, and the network uses the BFT-safe algorithms raising the limits of attack from “51% of the network” typical for other blockchains to “90% + 1” for positive consensus.
These features, as well as off-chain storage of smart contract data and “immediate consistency” of network-stored data (compared to typical “eventual consistency” of many other blockchains), all of that backed by 25,000+ TPS capable network, and the transaction fees programmatically bound to be as low as €0.01 in most basic scenarios, make Universa Blockchain a good option for not just the “financial transactions” or “money/asset transfer” but for digitizing the document workflow and business processes in real world.
UTN is the native utility token in Universa Blockchain needed for:
- paying the network fees for registering any transaction in Universa Mainnetwork,
- staking/locking the amount when licensing a node in Universa Mainnetwork,
- paying the network fees and running the nodes, when deploying any Universa-based private networks in official partnership with Universa,
- also, to pay for technical utilization of some other subsystems of Universa Blockchain ecosystem (such as UBots).
To simplify obtaining the Universa-based UTN token at existing exchanges, a “placeholder” UTNP token created in Ethereum network as ERC20 token, swappable to native UTN token 1:1 (+ involved network fees).
There are many subsystems, sites and products forming the Universa infrastructure and ecosystem, such as (but not limited to):
- Knowledge Base, an extensive and comprehensible place with all the data, specifications and technical information on Universa in one single place.
- UBots is the Universa approach to decentralized computing, allowing people to run the dApps written on regular modern JavaScript. The dApps can be executed with controllable granularity (number of UBot executions to launch, consensus level to require) and don’t require additional “oracles” to access the real-world APIs as they can access the out-of-blockchain data just directly. UBots are controlled and billed through the Universa smart contracts.
- Hypertokens subsystem makes it possible to represent the cryptocurrencies external to Universa (Bitcoin, Ether) in a form of Universa smart contracts/tokens (uBTC, uETH) which can be then used in regular Universa smart contract references, attached to other smart contracts, used as smart contract conditions etc.
- Parsec is the work-in-progress family of protocols merging together decentralized control on the domain names (normally performed through centralized DNS system), and the decentralized control over network security certificates (and normally performed through the infrastructure of centralized SSL Certificate Authorities), effectively making the domains and certificates end-user controlled, having their data stored in Universa smart contracts.
- UDNS, or UNS2, is the subsystem of Parsec which can be used independently of it, to ensure non-authority-revocable (or -overridable) domain names management. It can be deployed on enterprise/regional/country scale and be transparently accessed by end users through regular DNS/DoH protocols, while still storing the data in a decentralized way in Universa smart contracts.
- U8 is the in-house built JavaScript runtime, based on V8 JS engine, with numerous performance and asynchronous execution improvements specifically for Universa purposes, used throughout many Universa projects as a server-side backend (used in UBot servers, UDNS, Parsec servers, to run the test Universa nodes etc) but can also be used for any Universa-connected applications, or even for regular non-Universa apps.
- UDC is the ready-to-launch country/enterprise scale solution for deploying a CBDC-style digital currency. Fully supports DAO-style management of the DC issuance, flexible role-based access control (through the standard Universa smart contracts features as well), end-user wallet applications, PoS usage, etc. Among the other users, a notable usage case is the DC deployed in Tunisia by Universa Hub Africa.
- UnitedFi is the DeFi solution announced late 2020, which doesn’t just try to squeeze profits for its users by automated algorithmic models from various “token-only” operations (as most DeFis do), but merges the world of real businesses and real-world assets generating income, with the ecosystem of smart contracts and blockchains, tokenizing the real-world income for its DeFi users.
How Many UTN/UTNP Tokens Are There in Circulation?
The UTN/UTNP token sale lasted from October 28, 2017 to December 09, 2017, and the total amount of tokens calculated after the token sale completion was 4,997,891,952. This is the maximum possible supply of UTN or UTNP, as the new tokens cannot be generated subsequently, “get mined” or somehow else appear after the initial Token Generation Event. The total supply is fixed by the means of Solidity source in ERC20 UTNP contracts, and by creating the UTN smart contract as a fungible one but without the permissions for any possible future re-issues.
The live and functioning Testnet (and the end user web client, together with CLI tools for developers) was launched during the second week of token sale, on November 07, 2017; and on April 12, 2018, the Mainnet went live.
When UTN and UTNP tokens were created, both were created with 4,997,891,952 total supply; but for every amount of UTN tokens in circulation, there is an according amount of UTNP tokens locked in swap system (due to UTN and UTNP being swappable 1:1), and vice versa. This makes the maximum circulating supply of token strictly equal to 4,997,891,952, no matter if in UTN or UTNP form (cause the rest, in a different form, is locked for future swaps). The factual circulating supply may be lower due the tokens never claimed, never yet moved, untouched team tokens etc.
UTN tokens are used to pay fees for network usage of Universa Blockchain (and its subsystems); the fees are then split 80% / 20% between all the nodes using the network and the Universa Foundation. Universa Foundation reserves the right to “burn” up to 1% of received fees so the total / circulating supplies can decrease in the future.
What Makes Universa Blockchain Unique?
Universa Blockchain aims to merge the blockchain concepts and the real world easily and transparently, not requiring to replace the existing established businesses processes but supplementing them, and it is heavily focused on bringing the benefits of blockchains to real businesses and satisfying the needs of these businesses (thus bringing them into the blockchain world), rather than focusing on the internal needs of pre-existent blockchain community.
As a major and one of the defining aspects, the primary “building block” and processed concept in Universa Blockchain is a Ricardian-style smart contract (unlike something like “a value transfer”, or “a dApp deployment/execution”), a serialized structured document. Contrary to the approach popular since Ethereum, the smart contract is not a dApp (an active actor that performs operations defined in program code); but it is a passive binary structured document, with the rules and references and requirements defined in it, editable throughout its life cycle and maintaining its own integrity. All the other concepts (including the value transfers e.g. tokens, DAO management, complex condition-based cases of asset ownership etc) can be defined in a form of such documents.
Also, contrary to the blockchain practice since the Bitcoin launch, the raw data of the transactions (registrations and modifications of the smart contract data) and their history is typically not stored in the blockchain – it is the responsibility of the client side to store it and provide a valid and bit-invariant version of the previous smart contract to register a new revision, somewhat similar to Pay-to-Script-Hash concept in Bitcoin. The Mainnet clients and users of the Universa web client can use the Crypto Cloud storing these smart contracts with end-user-encryption; the enterprise clients can utilize this feature to easily extend the existing data storage warehouses with blockchain features (rather than replacing them), or to use different data storage approaches (like, a complete smart contract can be stored inside the NFC tag on a shipping container).
Due to the Proof-of-Authority consensus and real-world checks of the node owners, the network can be truly decentralized, not just theoretically or academically. Also, for the same reason, the network structure is rather stable and predictable, what increases the overall network performance (25,000+ TPS depending on transaction scenarios) and makes it possible to ensure predictably fast consensus: the network consensus in Universa is not “eventual”, and the transaction cannot be reverted just due to the different orphan/uncle chain mined. Therefore with Universa, the user doesn’t have to wait for “6/12 confirmation blocks” to be reasonably sure his transaction of interest won’t be rolled back by the network; if the Universa network made a consensus on a data, it won’t revert it anymore, so a “0 confirmation blocks” estimate can be used to be definitely sure in transaction.
Who Are the Founders of Universa Blockchain?
Universa Blockchain was founded by Alexander Borodich (CEO) and Sergey Chernov (CTO) in 2017, as a result of numerous years of collaboration and past cryptography projects, in a need to bridge the gap between the theoretical perfectionism of blockchain projects and practical rationalism of real-world businesses.
Former marketing director of Mail.ru Group, Alexander Borodich establishes real-world connections and partnerships, ranging from turning Universa into the basement for national blockchain in Tunisia, to tokenizing the raw sugar and setting up the raw sugar commodity exchange in Dubai together with Al Khaleej Sugar and DMCC.
With 30+ years of industry experience, former CTO and head of development in Cybiko (one of the earliest handheld computers) Sergey Chernov brings his skills, security expertise and team management capabilities to direct the team of developers, distributed over multiple countries, as well as supporting the stability and the availability of Universa Blockchain network, similarly distributed over multiple continents and datacenters.
Where Can I Buy Universa Blockchain tokens (UTNP or UTN)?
UTNP (ERC20 token) is available for trading on various exchanges, most notably IDCM (UTNP/ETH and UTNP/BTC pairs) and Bilaxy (UTNP/ETH pair).
UTN (native Universa token) is not yet traded on any exchange directly.
UTNP was first tradable on 15th Feb, 2018. It has a total supply of 4,997,891,952. As of right now UTNP has a market capitalization of USD $unknown. The current price of UTNP is $0.00508 and is ranked 468 on Coinmarketcap and has recently surged 37.56 percent at the time of writing.
UTNP has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy UTNP.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy BTC with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer BTC to an Altcoin Exchange
- Bitfinex
But we are not done yet, since UTNP is an altcoin we need to transfer our BTC to an exchange that UTNP can be traded, here we will use Bitfinex as our exchange. Bitfinex is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
Bitfinex is a centralized cryptocurrency exchange located in British Virgin Islands. There are 150+ coins and 310+ trading pairs on the exchange. Bitfinex is an advanced, veteran cryptocurrency exchange with a haunted past of hacks and allegations. The exchange is well suited for advanced traders and also supplies the option for margin trading and lending. Bitfinex does not accept US customers.Unfortunately for US-investors, this exchange prohibits US-investors from trading on its exchange. So if you are a US-investor and wants to trade here, you’ll have to consider one of the other top crypto exchanges we recommend here instead.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit BTC to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'BTC address', this is a unique public address of your BTC wallet at Bitfinex and you can receive BTC by giving this address to the person to send you the funds. Since we are now transferring our previously bought BTC on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on BTC on the "From" field, choose the amount you wan to send and on the "To" field choose BTC under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Bitfinex!
Now go back to Bitfinex and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.
You should receive a confirmation notification from Bitfinex once your BTC has arrived. And you are now finally ready to purchase UTNP!
Step 5: Trade UTNP
Go back to Bitfinex, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "BTC" is selected as we are trading BTC to altcoin pair. Click on it and type in "UTNP", you should see UTNP/BTC, select that pair and you should see a price chart of UTNP/BTC in the middle of the page.
Below there is a box with a green button that says "Buy UTNP", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy UTNP". Voila! You have finally bought UTNP!
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once UTNP gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Gate.io
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
BitMart
BitMart is a crypto exchange from the Cayman Islands. It became available to the public in March 2018. BitMart has a truly impressive liquidity. At the time of the last update of this review (20 March 2020, right in the middle of the crisis with COVID-19), BitMart’s 24 hour trading volume was USD 1.8 billion. This amount placed BitMart on place no. 24 on Coinmarketcap’s the list of exchanges with the highest 24 hour trading volumes. Needless to say, if you start trading here, you will not have to worry about the order book being thin. Many exchanges does not allow investors from USA as customers. As far as we can tell, BitMart is not one of those exchanges. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
Last Step: Store UTNP securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your UTNP for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Other useful tools for trading UTNP
Encrypted Secure Connection
NordVPN
Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. While using hardware wallet allows you to store your cryptos in a safe place, using an encrypted VPN connection while you trade makes it harder for hackers to intercept or eavesdrop your sensitive information. Especially when you are trading on the go or in a public Wifi connection. NordVPN is one of the best paid (note: never use any free VPN services as they may sniff your data in return of free service) VPN services out there and it has been around for almost a decade. It offers military-grade encrypted connection and you can also opt-in to block malicious websites and ads with their CyberSec feature. You can choose to connect to 5000+ servers in 60+ countries base on your current location, which ensures you to always have a smooth and secure connection wherever you are. There is no bandwidth or data limits that means you can also use the service in your everyday routines such as streaming videos or downloading large files. Plus it is among the cheapest VPN services out there (only $3.49 per month).
Surfshark
Surfshark is a much cheaper alternative if you are looking for a secure VPN connection. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Currently, Surfshark does not have any device limit so you can basically use it on as many devices as you want and even share the service with your friends and family. Use the signup link below to get an 81% discount(that’s a lot!!) at $2.49/month!
Atlas VPN
IT nomads created Atlas VPN after seeing a lack of top-notch service within the free VPNs field. Atlas VPN was designed for everyone to have free access to unrestricted content without any strings attached. Atlas VPN set out to be the first trustworthy free VPN armed with top-notch technology. Furthermore, even though Atlas VPN is the new kid on the block, their blog team’s reports have been covered by well-known outlets such as Forbes, Fox News, Washington Post, TechRadar and many others. Below are some of the feature highlights:
- Strong encryption
- Tracker blocker feature blocks dangerous websites, stops third-party cookies from tracking your browsing habits and prevents behavioural advertising.
- Data Breach Monitor finds out whether your personal data is safe.
- SafeSwap servers allow you to have many rotating IP addresses by connecting to a single server
- Best prices on the VPN market (only $1.39/month!!)
- No-log policy to keep your privacy safe
- Automatic Kill Switch to block your device or apps from accessing the internet if the connection fails
- Unlimited simultaneous connections.
- P2P support
Frequently Asked Questions
Can I buy UTNP with cash?
There is no direct way to buy UTNP with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy UTNP in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy UTNP or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on Universa's fundamentals and current price here.
UTNP Price Prediction and Price Movement
UTNP has been down 0 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that UTNP's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if UTNP is backed by a solid development team and whether UTNP's technology has any potential to grow.
Please note that this analysis is purely base on UTNP's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Latest News for UTNP
