Frequently Asked Questions.
1
What is UCoin?
UCoin is the official cryptocurrency of Utopian, designed to power our ecosystem, including the NetZeroed e-commerce platform and the Utopian Virtual World (UVW). It can be used for transactions, rewards, and participation in governance and exclusive features.
2
How can I use UCoin?
UCoin can be used to purchase eco-friendly products on NetZeroed, acquire digital assets in UVW, participate in staking for rewards, and access exclusive events and offers within the Utopian ecosystem.
3
How is UCoin carbon neutral?
UCoin aligns with our sustainability mission by utilizing eco-friendly blockchain practices and supporting climate-positive initiatives through a portion of its proceeds.
4
How do I purchase UCoin?
UCoin can be purchased post launch directly from the smart contract using BNB via UniSwap. Instructions for participating in the launch are available on our how to buy section.
5
Can I use fiat currency to buy UCoin?
At this stage, UCoin purchases are made using cryptocurrencies. You can convert fiat currency to cryptocurrencies (e.g., SOL, BNB, ETH, USDT) via Phantom or by using an exchange like Coinbase or Binance.
6
How will I receive my UCoins after purchasing?
Once your payment is processed, UCoins will be automatically transferred to your wallet address provided during the transaction. Click here to learn more about cryptocurrency wallets.
7
What determines UCoin's price?
UCOIN's price is determined by market supply and demand dynamics.
8
Is my holding in UCoin secure?
UCoin transactions are secured by blockchain technology, and our smart contracts are audited to ensure safety and transparency. Always use a secure wallet to store your UCoins. Learn more about keeping your wallet secure here.
09
Are there any fees involved in buying UCoin?
Transaction fees (gas fees) may apply depending on the blockchain network used (e.g., Solana). These fees are paid to the network, not to us.
13
What is liquidity?
Liquidity refers to how easily an asset, like UCoin, can be bought or sold without affecting its price. In the context of cryptocurrencies, liquidity is provided by funds held in trading pairs (e.g., UCoin/ETH) on exchanges, allowing seamless transactions between buyers and sellers.
14
How can I cash out my UCoins?
You can cash out your UCoins by selling them on cryptocurrency exchanges where UCoin is listed, initially use Raydium or sell directly from your Phantom Wallet. Simply place a sell order on the exchange for your desired cryptocurrency (e.g., USDT or ETH) or fiat currency if the exchange supports it.
15
Are there any fees for cashing out of UCoin?
Yes, exchanges typically charge transaction or withdrawal fees when selling or converting UCoin. These fees vary by platform, so check the fee structure of the exchange you use.