| General information | |
|---|---|
| Global rank: | 229 |
| Name: |
UMA |
| Symbol: | UMA |
| Current coin price (ZAR): | 50.32 R |
| Last hour: | arrow_upward1.44 % |
| Last 24 hours: | arrow_downward-1.21 % |
| Last 7 days: | 12.59 %trending_up |
| Capitalisation (ZAR): | 4 175 182 424.54 R |
| Volume 24h (ZAR): | 526 155 594.01 R |
| Available supply: | 82 971 536.00 UMA |
| Algorithm: | ETH Token |
| Start date: | 09/01/2020 |
UMA/South African Rand (UMA/ZAR) price chart
UMA/South African Rand (UMA/ZAR) capitalisation and volume charts
UMA is designed to power the financial innovations made possible by permissionless, public blockchains, like Ethereum. Using concepts borrowed from fiat financial derivatives, UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts. But unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible.