Universal Recognition Token is a blockchain-based corporate rewards marketplace where employees may sell and auction their gifts, rewards and prizes to the general public. Universal Recognition platform uses the blockchain to create a marketplace through which people can monetize any unwanted corporate gifts received. The technology uses smart contracts for matching sellers with buyers in a marketplace environment. Also, by tracking transaction and bidding activities, employers and prize vendors can know what gifts are most sought-after by the market, can increase the supply of desirable items and either reduce or eliminate undesirable items from the marketplace.

URT is an ethereum-based token that serves as a medium of exchange on the network.