UMB

Umbrella NetworkUMB

Rank #1109
Token
On 10,708 watchlists

Umbrella Network Price (UMB)

$0.2239
15.83%

0.000006668 BTC15.83%

0.0001139 ETH15.83%

Low:$0.1902
High:$0.2279
24h
UMB  Umbrella Network UMBPrice: $0.2239 15.83%
Market Cap
$4,092,737
15.83%
Fully Diluted Market Cap
$10,388,280
40.54%
Volume
24h
$1,141,265
13.38%
Volume / Market Cap
0.2789
Circulating Supply
18,282,511.38 UMB
39%
Max Supply
46,405,087
Total Supply
56,405,087

Umbrella Network Chart

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UMB Price Live Data

The live Umbrella Network price today is $0.223861 USD with a 24-hour trading volume of $1,141,265 USD. Umbrella Network is up 15.83% in the last 24 hours. The current CoinMarketCap ranking is #1109, with a live market cap of $4,092,737 USD. It has a circulating supply of 18,282,511 UMB coins and a max. supply of 46,405,087 UMB coins.

If you would like to know where to buy Umbrella Network, the top exchanges for trading in Umbrella Network are currently BitZ, Gate.io, Hoo, ZT, and MEXC. 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

Umbrella Network

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UMB Price Statistics

Umbrella Network Price Today
Umbrella Network Price$0.2239
Price Change24h$0.0306
15.83%
24h Low / 24h High
$0.1902 /
$0.2279
Trading Volume24h$1,141,264.80
13.38%
Volume / Market Cap0.2789
Market Dominance0.00%
Market Rank#1109
Umbrella Network Market Cap
Market Cap$4,092,737.48
15.83%
Fully Diluted Market Cap$10,388,279.53
40.54%
Umbrella Network Price Yesterday
Yesterday's Low / High
$0.1902 /
$0.2279
Yesterday's Open / Close
$0.1928 /
$0.2238
Yesterday's Change

16.12%

Yesterday's Volume$1,200,258.09
Umbrella Network Price History
7d Low / 7d High
$0.1573 /
$0.2669
30d Low / 30d High
$0.1573 /
$0.3429
90d Low / 90d High
$0.1573 /
$1.48
52 Week Low / 52 Week High
$0.1573 /
$2.58
All Time High
Feb 10, 2021 (4 months ago)
$2.58
91.32%
All Time Low
Jun 22, 2021 (a day ago)
$0.1573
42.29%
Umbrella Network ROI
No Data
Umbrella Network Supply
Circulating Supply18,282,511 UMB
Total Supply56,405,087 UMB
Max Supply46,405,087 UMB