UCOIL Token Project Background and Goals
UCOIL is the native token of the UCO Network project, which launched in 2022 and operates on the Ethereum platform. The core goal of UCO Network is to address issues of trust, transparency, and traceability within the Used Cooking Oil (UCO) supply chain. By combining blockchain and Internet of Things (IoT) technologies, UCO Network aims to create a reliable traceability system, ensuring that the collection, transportation, and processing of used cooking oil comply with relevant regulations such as the EU Renewable Energy Directive II (EU RED II), thereby effectively reducing fraudulent activities in the supply chain.
UCOIL Token Market Activity and Trading Status
As of September 9, 2026, the market activity of the UCOIL token is extremely low. Public data shows that UCOIL's 24-hour trading volume is $0.00, its market capitalization is also $0.00, and its circulating supply is unknown. Its historical high price reached $0.1955, but the current price has significantly dropped to approximately $0.008 to $0.01.
Currently, there are no reliable active trading channels for this token. Major CEXs such as KuCoin, Binance, and Coinbase do not directly list UCOIL trading pairs. Although the Bitget platform once mentioned supporting UCOIL buying and selling, it also indicated that price updates for this token might have stopped or are not being updated, further confirming its lack of market activity.
UCO Network's Technical Vision
UCO Network's vision is to provide end-to-end transparency for the lifecycle of used cooking oil through the immutability of blockchain and the real-time data of IoT. This includes every stage from the source of used cooking oil (e.g., restaurants) to its final recycling and utilization (e.g., biofuel production). In this way, the project aims to help businesses and regulatory bodies more effectively monitor and verify the origin and processing of used cooking oil, thereby promoting sustainable development and a circular economy.
