Umbrella Network UMB Price 0.01208101

What is the Umbrella Network?
One of the largest initial dex offerings was launched by the Umbrella Network. This is a community-owned oracle service that provides data solutions for Defi applications.
The UMB utility token is used for community votes, rewards and incentives in the Umbrella Network.

Who are the founding members of the Umbrella Network?
Samuel Kim is a founding partner. He obtained a master's degree in business administration from the University of Chicago Booth School of Business. He attended the University of Columbia in 1998.
After co-founding The Mobile Majority, Samuel Kim was the COO until 2016 when Gimbal acquired the company. The company was a campaign manager for enterprise clients. Kim started a new venture in 2017: Lucidity.

What makes the Umbrella Network unique?
One of the first to empower the development of financial applications based on real-world data is the Umbrella Network.
The Umbrella Network brings personal and enterprise finance to the 21st century. The protocol uses data feeds from multiple sources to calculate the most accurate price in the market and present users with the most up-to-date information. The Umbrella Network is completely independent when it comes to governance.

There are pages related to this.
You can read more about it.
There is more about Ocean Protocol.
You can learn more about DAPPS.
Have a look at it.

How many UMB Coins are in circulation?
The UMB token supply is supported by the Umbrella Network. The total supply is over 50 million UMB token.
10% of the total token supply will be dedicated to a special development fund for the Umbrella Network foundation and treasury. The founding team members and early contributors will get 20% of the supply.

How is the network secured?
The Umbrella Network uses a DPoS consensus model to ensure the security of the data transfer process.
The DPoS consensus mechanism allows the Umbrella Network to be very large. The Umbrella Network relies on stakeholders to become validators, which is different to the proof-of-work used by the likes of Bitcoin.

Where can I buy the umbrella network?
The UMB token has attracted the attention of a lot of investors.
There are other exchanges that support trades in UMB.


Gate.io is a website. AscendEX MXC.COM is a website. Exchange 1inch

You can find more information here.