| General information | |
|---|---|
| Global rank: | 3199 |
| Name: |
Umbrella Network |
| Symbol: | UMB |
| Current coin price (USD): | 0.000208 $ |
| Last hour: | arrow_upward0.000000 % |
| Last 24 hours: | arrow_upward62.88 % |
| Last 7 days: | 72.62 %trending_up |
| Capitalisation (USD): | 61 014.00 $ |
| Volume 24h (USD): | 0.000000 $ |
| Available supply: | 292 962 636.00 UMB |
| Total coin supply: | -1 UMB |
| Start date: | 2021-01-31 |
Umbrella Network/United States Dollar (UMB/USD) price chart
Umbrella Network/United States Dollar (UMB/USD) capitalisation and volume charts
Umbrella Network is a scalable, cost-efficient, and community-owned oracle for the DeFi and blockchain community. Its Layer 2 technology uses the latest advances in Merkle tree technology to write multiple data points on a single on-chain transaction, so it allows for batching data to smart contracts accurately, securely, and inexpensively.
Umbrella utilizes a Delegated Proof of Stake (DPoS) that benefits from the active participation of the community and token holders. UMB Utility Token holders will 1) select Validator Nodes, 2) participate in governance, 3) stake tokens in consensus rounds, and 4) generate rewards for staking tokens.