CryptocurrenciesTokensUmbrella Network
Umbrella has undergone a swap on BSC to 0x846F52020749715F02AEf25b5d1d65e48945649D
UMB

Umbrella NetworkUMB

Rank #782
Token
On 26,829 watchlists

Umbrella Network Price (UMB)

$0.3913
8.15%

0.000007299 BTC3.26%

0.00009295 ETH1.41%

Low:$0.365
High:$0.4273
24h
UMB  Umbrella Network UMB
Price:
$0.3913
 8.15%
Market Cap
$28,981,704
8.15%
Fully Diluted Market Cap
$195,663,196
8.15%
Volume
24h
$2,138,477
1.88%
Volume / Market Cap
0.07379
Circulating Supply
74,060,182.47 UMB
15%
Max Supply
500,000,000
Total Supply
498,500,000
Sponsored

Umbrella Network to USD Chart

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UMB Price Live Data

The live Umbrella Network price today is $0.391326 USD with a 24-hour trading volume of $2,138,477 USD. We update our UMB to USD price in real-time. Umbrella Network is down 8.15% in the last 24 hours. The current CoinMarketCap ranking is #782, with a live market cap of $28,981,704 USD. It has a circulating supply of 74,060,182 UMB coins and a max. supply of 500,000,000 UMB coins.

If you would like to know where to buy Umbrella Network, the top cryptocurrency exchanges for trading in Umbrella Network stock are currently KuCoin, Gate.io, ZT, MEXC, and Uniswap (V2). You can find others listed on our crypto exchanges page.

What Is Umbrella Network (UMB)?

The Umbrella Network launched one of the largest initial dex offerings (IDOs) at the beginning of 2021. This is a community-owned, decentralized oracle service providing secure and extensively scalable data solutions for decentralized finance (DeFi) applications. Umbrella provides access to revolutionary financial datasets for blockchain app developers in the crypto space as well as those with an interest in real-world business transactions.

The decentralization power of the Umbrella Network is centered around the UMB utility token, which is used for staking, community votes and rewards and incentives. By introducing a layer two blockchain integration, Umbrella Network creates a highly scalable oracle solution.

Who Are the Founders of Umbrella Network?

Samuel Kim is a founding partner at Umbrella Network. He graduated with a master’s degree in business administration from the University of Chicago Booth School of Business in 2007. He also attended the University of Columbia in 1998. In 2002, Kim became a consultant for the World Bank, and in 2008 he joined Credit Suisse as an associate.

In 2012, Samuel Kim set out on his first major entrepreneurial venture by co-founding The Mobile Majority (acquired by Gimbal in 2016), where he was the COO until 2016. The company functioned as a mobile advertisement advisor and campaign manager for enterprise clients. In 2017, Kim started a new venture — Lucidity, a digital advertising protocol utilizing blockchain technology. He is still a board member at the company.

What Makes Umbrella Network Unique?

The Umbrella Network is one of the first to empower the development of decentralized financial applications based on real-world data. Not only that, the company prides itself on the virtually infinite scalability opportunities the network provides.

By utilizing blockchain technology to create a new future for DeFi, the Umbrella Network brings personal and enterprise finance to the 21st century. In addition, the protocol uses data feeds from multiple sources to calculate the most accurate price in the market, thus presenting users with the most up-to-date information. Last but not least, the Umbrella Network is completely decentralized when it comes to governance. Thanks to the UMB token, stakeholders, validators, and developers have the opportunity to participate in governance votes and decide the future of the network.

Read more about Plasma Finance.

Find out more about Ocean Protocol.

Learn more about DApps.

Have a look at the CoinMarketCap blog.

How Many Umbrella Network (UMB) Coins Are There in Circulation?

The Umbrella Network supports a maximum supply of 46,405,087 UMB tokens. The total supply is 56,405,087UMB tokens. The current circulating supply is 18,282,511 UMB tokens.

Out of the total token supply, the Umbrella Network foundation and treasury will receive 13%, of which 10% will be dedicated to a special development fund. Another 20% of the supply will be equally divided among founding team members and early contributors to the project. The remaining 67% of the supply is divided as follows: 10% towards public sales, 37% towards a rewards pool, 10% towards a node fund and the final 10% towards a dedicated partner fund.

How Is the Umbrella Network Network Secured?

The Umbrella Network is based on the Ethereum blockchain and utilizes a delegated proof-of-stake (DPoS) consensus model to ensure the security of the data transfer process. The DPoS Umbrella community owns the majority of UMB tokens and will elect validator nodes to serve as representative governing bodies over the Oracle service.

The DPoS consensus mechanism is also what allows the Umbrella Network to be extremely scalable. While tokens like Bitcoin rely on the proof-of-work (PoW) consensus to validate nodes and transactions on the blockchain, the Umbrella Network relies on stakeholders to become validators. The proof-of-stake mechanism also requires considerably less electrical and computing power to process transactions, allowing projects like the Umbrella Network to be more scalable.

Where Can You Buy Umbrella Network (UMB)?

Since its launch in 2020, the UMB token has attracted the attention of a lot of investors. If you are looking to purchase UMB coins, your best bet is Uniswap V2.

Other exchanges supporting trades in UMB include:

It is important to note that investing in cryptocurrencies carries risk, just like any other form of investment.

Find more information here about buying cryptos.

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UMB Price Statistics

Umbrella Network Price Today
Umbrella Network Price$0.3913
Price Change24h$-0.03473
8.15%
24h Low / 24h High
$0.365 /
$0.4273
Trading Volume24h$2,138,476.94
1.88%
Volume / Market Cap0.07379
Market DominanceNo Data
Market Rank#782
Umbrella Network Market Cap
Market Cap$28,981,704.02
8.15%
Fully Diluted Market Cap$195,663,196.18
8.15%
Umbrella Network Price Yesterday
Yesterday's Low / High
$0.3629 /
$0.4273
Yesterday's Open / Close
$0.4263 /
$0.3929
Yesterday's Change

7.85%

Yesterday's Volume$2,144,587.64
Umbrella Network Price History
7d Low / 7d High
$0.365 /
$0.4757
30d Low / 30d High
$0.365 /
$1.26
90d Low / 90d High
$0.188 /
$1.26
52 Week Low / 52 Week High
$0.07765 /
$2.58
All Time High
Feb 10, 2021 (10 months ago)
$2.58
84.82%
All Time Low
Jul 10, 2021 (5 months ago)
$0.07765
403.98%
Umbrella Network ROI
No Data
Umbrella Network Supply
Circulating Supply74,060,182 UMB
Total Supply498,500,000 UMB
Max Supply500,000,000 UMB