# What Is Umbrella Network (UMB)?

Launched in early 2021, Umbrella Network, is a decentralized, community owned oracle service that provides blockchain projects with secure, scalable, and customizable data solutions.

Umbrella offers projects a broad suite of solutions, whether it is high frequency pricing updates, delivering large volumes of data at scale, or providing tailored price feeds for specific needs.

Secured by a network of decentralized community validators, Umbrella can provide any data that you need when you need it.

Umbrella Network is a decentralized, community owned project run by a DAO community council and core team who together are responsible for the direction and execution of the project’s goals.


## What Makes Umbrella Network Unique?

Umbrella Network's uniqueness lies in its combination of decentralization, scalability, low latency data delivery, and the ability to provide customizable data feeds. 

Customizable Data Feeds: Umbrella Network offers a unique proposition by allowing projects to customize their data feeds. Projects can decide the type and frequency of price feeds they require, and Umbrella Network's infrastructure is designed to accommodate these specific needs. This flexibility empowers projects to tailor data feeds to their precise requirements.

1. Data at Scale: Umbrella Network employs a data rollup solution utilizing Merkle tree technology that allows it to deliver massive amounts of data at exceptionally low costs. This scalability ensures that the network can handle large-scale data requests efficiently, making it suitable for a wide range of applications.

2. Low Latency Data on Demand: One of Umbrella Network's standout features is its ability to provide data on demand with low latency. This means that users can access real-time or near-real-time data swiftly and on demand, enabling applications with these requirements to perform effectively..

3. Community-Run Validator Network: Unlike many other oracles, Umbrella Network relies on a decentralized validator network that is operated and maintained by both professional and community node operators. This community-driven approach enhances trust and security in the network, making it resilient to centralization risks.

These features make it a versatile and reliable solution for various dapps and projects in need of accurate and custom data.


### How Is the Umbrella Network Network Secured?

The Umbrella Network runs on its own sidechain. It currently supports and is integrated into multiple blockchain ecosystems including Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, Base, Linea, and Solana. Umbrella’s oracles are secured by a decentralized network of community validators. The validators take data from multiple data sources, and then participate in consensus rounds to ensure that the data is properly verified and accurate before it is written on chain.  


## Where Can You Buy Umbrella Network (UMB)?

Umbrella Network’s UMB token can be found on the following decentralized exchanges:

Uniswap https://uniswap.org/
PancakeSwap https://pancakeswap.finance/

Other exchanges supporting trades in UMB include:

*   [Gate.io](https://coinmarketcap.com/exchanges/gate-io/)
*   [AscendEX](https://coinmarketcap.com/exchanges/ascendex/)
*   [MXC.COM](https://coinmarketcap.com/exchanges/mxc/)

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

[Find more information here](https://coinmarketcap.com/how-to-buy-bitcoin/) about buying cryptos.

Umbrella Network

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Polkastarter is a decentralized fundraising platform empowering Web3 projects to launch and raise funds through multi-chain token pools whilst significantly growing their communities.

The platform supports initial dex offerings (IDOs) across major blockchains, including Ethereum, BNB Chain, Solana, Polkadot, Polygon, Avalanche and Celo.

The platform enables investors to secure early access to IDOs, NFTs and Gaming Web3 innovation. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens at the same time.

Through Polkastarter, blockchain projects can easily create their own fixed-chain swap pools, which allow them to securely raise funds, while users can invest without risks, since swaps are automatically executed by smart contracts.

POLS is the native utility token of the Polkastarter platform. Its main utility is gaining access to pools and giving projects the option to give priority access to POLS holders. Users are incentivised to stake POLS, rewarding the most loyal members.

In Q4 2022, Polkastarter will release new community utility features, such as governance and POLS Power Boosters (increasing your allowlisting success). The platform first went live in December 2020, and has quickly grown to become one of the most commonly used platforms for initial DEX offerings (IDOs) operating on the Ethereum blockchain.

Polkastarter

MultiVAC

Orion is a suite of decentralized finance (DeFi) trading products with instant access to aggregated centralized and decentralized exchange liquidity to provide users with real-time best asset prices in a seamless trading experience. Orion offers the non-custodial equivalent of a DEX with access to the best priced liquidity in the world, empowering people with financial responsibility on a global scale.

Orion

Verasity is an open-ledger ecosystem designed to fight advertising fraud, provide open access to infrastructure for publishers and advertisers, and reward users for watching video content. Verasity also provides payment solutions and a rewarding staking ecosystem with 15% yields guaranteed through to April 2024.

Powered by a mix of artificial intelligence (AI), machine learning (ML), and cutting-edge blockchain technologies, Verasity is building the most powerful advertising ecosystem in the world through VeraViews; developing an open-access payments platform through VeraWallet, the VeraCard, and VeraPay; and enhancing the attention economy through its patented Rewarded Video module.

Verasity

Ethernity is a blockchain-based platform that allows users to take advantage of the increasing popularity of non-fungible tokens (NFTs). The developers position it as a decentralized finance (DeFi) crossover project with authenticated NFTs. In the Ethernity ecosystem, all NFTs can be bought and sold on-chain.

To learn more about this project, check out our deep dive of Ethernity.

Ethernity was funded on the Polkastarter platform, where its crowd sale took place on March 8, 2021. The project tries to create favorable conditions for all active members of the community to boost the value of its ERN token.

Prior to launching ERN, Ethernity underwent a round of strategic investments backed by Black Edge Capital, Morningstar Ventures, Spark Digital Capital, Woodstock and Genesis Block Ventures.

Ethernity

OCP introduces an innovative relayer mechanism that seamlessly connects applications to a modular permissionless custody protocol. OCP operates a protocol that acts akin to a mesh network, enabling an end-user to leverage a diverse set of key management protocols. We call this “Keychain Aggregation”. Building a protocol that solves for Keychain Aggregation not only simplifies the way developers can build, abstracting risk and complexity, but it also harmonizes and aggregates the economics associated with having multiple bilateral commercial relationships.

With OCP, we have a new custody primitive that embraces (1) modularity, in connecting key management solutions, and (2) decentralisation, in the way users can access key generation and transaction signing services. We are particularly excited to pioneer this, witnessing existing security and custody solutions struggle to adapt to the ongoing proliferation of chains. Additionally, with the impending tokenization of Real World Assets (RWAs) - potentially mobilizing over trillions of dollars into the blockchain ecosystem - the demand for versatile and modular solutions is clear and present.

Open Custody Protocol

Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot.

It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks.

This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonriver with minimal changes.

Moonriver

RFOX

dHedge DAO

xMoney (formerly known as Utrust) was designed to provide a solution to the problems resulting in low usability of cryptocurrency as means of payment, particularly the underdeveloped transactional security of payment platforms and relatively high fees.

The main goal of the platform is to build a system that will enable fast and seamless crypto transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.

The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market.

The main goal of the platform is to build a system that will enable fast and seamless crypto and fiat transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.

The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market.

xMoney also aims to create a more reliable payments platform by combining the best features of blockchain and traditional fiat systems.

By leveraging cutting-edge technology and a strategic partnership with MultiversX, xMoney empowers individuals and businesses to optimize their payment processes, drive growth, and deliver exceptional experiences to their customers. With its commitment to innovation and excellence, xMoney continues to lead the way in transforming the financial industry.

xMoney (UTK) native token and its tokenomics UTK 3.0 primary purpose is to drive desired behaviors, such as accepting crypto and fiat for businesses and facilitating payments with the same for users. This encourages more companies to join the ecosystem, creating a flywheel effect that benefits buyers, users, investors, token holders, and businesses. The adoption of decentralized financial tools and currencies is further fostered through this collaborative approach.

xMoney

Web3's Decentralised Commerce Layer.
Sell physical things as redeemable NFTs, everywhere, online, in-game and in-verse.
We have solved the hard tech problems of tokenizing and twinning physical items, so you can focus on creating innovative Web3 commerce experiences for your customers.
Our no-code, low-cost tools make it easy to tokenize and sell physical products as NFTs everywhere, including your own Web3 store, the Metaverse, or on NFT marketplaces.
Redemption can be integrated into your own website, giving your brand full control of the customer experience.
With Boson, you can create phygital assets and token-gate purchases, allowing you to effortlessly develop engaging and rewarding digi-physical commerce experiences.
Buyers can redeem the NFT for the physical with the assurance that either they will receive the item or their money back- all without the need to trust intermediaries or sellers, just code and independent dispute resolvers.  Alternatively, Buyers can transfer, gift, trade or hold the NFT - just like any other NFT.
Boson is a groundbreaking technology recognized as a Technology Pioneer by the World Economic Forum. As a decentralized protocol, Boson is built for the benefit of and governed by its users. Consequently, Boson only charges a minimal 0.5% per transaction protocol fee.

Boson Protocol

MIR is the governance token of Mirror Protocol, a synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain.

Mirror Protocol is decentralized from day 1, with the on-chain treasury and code changes governed by holders of the MIR token. TFL has no intention of keeping or selling MIR tokens, and there are no admin keys or special access privileges granted. The intent for this is to be a completely decentralized, community-driven project.

Mirrored assets are blockchain tokens that behave like "mirror" versions of real-world assets by reflecting the exchange prices on-chain. They give traders the price exposure to real assets while enabling fractional ownership, open access and censorship resistance as any other cryptocurrency. Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the corresponding asset.

Mirrored assets provide the following advantages:

Global Accessibility: In most markets outside of Europe & North America, access to foreign equities and forex markets is highly limited. Crypto allows global accessibility without entry barriers.

Fractional Orders: In traditional finance, to execute a fractional order, multiple fractional orders are bundled together to execute a unitary transaction. The process of gathering all the orders into one requires additional waiting time. By utilizing the blockchain, orders volume is simply represented as a number on the blockchain, so there is no need for the intermediary bundling process.

Nearly-Instantaneous Order Execution: Oftentimes due to the lack of liquidity (price-time-priority order book algorithm), orders can take up to a day to fully execute. Given the fact that Mirror relies on liquidity provided by each individual asset pool, orders can be executed as fast as the blocktime of the network (~ 6 seconds).

Mirror Protocol

Smart contracts often struggle to access dependable data, but application programming interfaces (APIs) have been touted as a solution to this problem.

API3’s stated goal is to allow decentralized versions of APIs to be built, managed and monetized at scales. As blockchain technology plays an ever bigger role in the economy — from decentralized finance to supply chain management — the team behind this project says it has never been more important for smart contracts to provide “timely, reliable real-world data.”

The whitepaper for API3 was unveiled in September 2020 and set out the main problem that’s associated with APIs at present: connectivity. At present, there’s no way for smart contracts to establish a direct connection with APIs for the latest data — and this has led to an explosion in the popularity of oracles.

Although this has helped solve the problem to some extent, the industry has since been grappling with the “Blockchain Oracle Problem.” Oracles are a form of middleware that sit in between APIs and smart contracts — increasing costs and centralization. API3 intends to get around this problem by enabling API providers to operate their very own nodes.

API3’s token went live at the start of December following on from a token sale that generated tens of millions of dollars.

API3

Secret (SCRT) is a privacy-oriented blockchain built on Cosmos. Its smart contracts are called Secret Contracts and allow DApps to use private data on Secret, similar to how smart contracts operate on other blockchains. However, Secret Contracts transfer encrypted inputs into encrypted outputs without exposing data. This is made possible thanks to the encrypted contract states during the execution.

Data privacy is guaranteed by combining encryption protocols and key management within a Trusted Execution Environment (TEE). This allows Secret Contracts to compete for several privacy-related use cases that traditional blockchains have found difficult to accommodate. For instance, private voting mechanisms or credit scoring applications become possible since they do not expose sensitive user data on-chain with Secret.

Secret

XPR Network

Bloktopia is a decentralized metaverse backed by and built on Polygon. In Bloktopia, a decentralized virtual reality skyscraper made up of 21 levels (as recognition to 21 million Bitcoin) acts as a central hub for users to have access to crypto information and immersive content in one place. The so-called Bloktopias can educate themselves in the basics or more advanced crypto learnings, earn revenue by owning virtual real estate, play games, build networks and more. Moreover, advertisers and sponsors can monetize the platform’s userbase through a dedicated NFT mechanism. By providing a VR experience for the crypto community, users can engage in an immersive environment according to Bloktopia’s four core pillars: learn, earn, play and create.

Bloktopia

Kadena is a proof-of-work blockchain that combines the PoW consensus mechanism from Bitcoin with directed acyclic graph (DAG) principles to offer a scalable version of Bitcoin. Kadena claims it can provide the security of Bitcoin while being able to offer unparalleled throughput that makes the blockchain usable to enterprises and entrepreneurs alike. Kadena's unique infrastructure is decentralized and built for mass adoption because of its multi-chain approach.

Kadena promises industrial scalability that can support global financial systems and can be scaled as necessary. It also vows to remain energy-efficient at scale and deliver more transactions with the same energy input, another difference to Bitcoin. Moreover, Kadena offers crypto gas stations, which allow businesses to pay for their customers' gas fees and remove a massive pain point in adopting blockchains for business.

Kadena has already scaled its network from 10 to 20 blockchains and can do so again in the future, if necessary. This final addition to Kadena was its private Kuro layer-two blockchain, which supports up to 8,000 transactions per second across 500 nodes.

Kadena

Origin Protocol develops web3 technologies with the intention of bringing non-fungible tokens (NFTs) and decentralized finance (DeFi) to the masses. The protocol’s unique tooling and diverse partnerships help in realizing these goals. Origin Protocol has two flagship products: Origin Story (governed by OGN), and Origin Dollar (governed by OGV).

Origin Story is a white label NFT marketplace solution that works with disrupters in various sectors by leveraging non-fungible tokens. The platform hosts NFT marketplaces and tooling in various industries, including the real estate, profile picture, music, art and entertainment industries.

Some of Origin Story’s partners include Roofstock onChain, Pudgy Penguins, Sappy Seals, Paris Hilton, 3LAU, BT, Inspiration4, and The Doge Pound. Origin Story Marketplaces seek to cast a wide net in various industries being impacted by NFTs, rather than focusing on any one area in particular. Investors may see OGN as the ‘picks and shovels’ approach to investing in NFTs.

Origin Protocol

Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi). (DeFi).

Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and power their trading features for institutional and retail users.

In light of the popularity of DeFi and the growth of DEXes on Ethereum, users and developers are limited by high gas costs and slow transactions. Serum aims to resolve these traditional problems of DeFi, as well as issues of centralization, low capital efficiency, and liquidity segmentation.

The SRM utility and governance token enables users to receive discounts on protocol fees and voting rights; 100% of exchange fees flow back to SRM via buy-and-burn, staking rewards, and ecosystem grants.

Serum

What Is Velas (VLX)?
Velas is a pioneering solana L1 Fork with Full EVM blockchain bridging the gap between EVM familiarity and unparalleled performance.

Velas is an highly unique dual-chain architecture, seamlessly merging the best of both worlds: the robust security and established developer ecosystem of the EVM with the lightning-fast transaction processing capabilities of Solana. This hybrid approach unlocks a treasure trove of possibilities for Ethereum projects seeking to escape congestion and scale to new heights.

The defining feature of Velas lies in its full EVM compatibility. Existing Ethereum smart contracts can be migrated seamlessly with a single click, eliminating the need for costly code rewrites and preserving the valuable expertise invested in the EVM ecosystem. This one-click migration paves the way for a smooth transition, allowing developers to leverage their existing skills and tools on a platform built for speed and scalability.

It leverages the power of Solana’s parallel transaction processing to deliver lightning-fast speeds exceeding 75,000 TPS. This translates to near-instantaneous transaction finality and minimal fees, a stark contrast to the congested and expensive environment of Ethereum. For dApps and users, this translates to a smoother, more efficient experience.

But speed is just the beginning. Velas is also:

Decentralized: No central authority controls the network. Power is in the hands of the community through a secure Proof-of-Stake (PoS) consensus mechanism.

Carbon-neutral: Velas is committed to sustainability, utilizing a green PoS mechanism that minimizes energy consumption.

Accessible: Building on Velas is a breeze with its extensive developer tools and EVM/Solidity support.