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Umbrella Network

UMB

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Umbrella Network is not available for trading on the Coinbase Exchange, but is supported on Coinbase Wallet

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Market

Market stats

Market cap

$1.9M

Volume (24h)

$62,546.73

Circulating supply

293.0M UMB

All time high

$2.58

Price change (1h)

-0.53%

Price change (24h)

+0.42%

Price change (7d)

+2.6%

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Umbrella Network is on the rise this week.

The price of Umbrella Network has risen by 2.60% in the past 7 days. The price increased by 0.42% in the last 24 hours. In just the past hour, the price shrunk by 0.53%. The current price is $0.0065 per UMB. Umbrella Network is 99.75% below the all time high of $2.58.

The current circulating supply is 292,962,636 UMB.

About

What Is Umbrella Network (UMB)?

Umbrella Network (UMB) is a community-owned decentralized oracle for DeFi applications. DeFi is the term used for peer-to-peer financial services on a public blockchain. The platform aims at securely bringing all the available data across the globe on-chain. Using the Umbrella platform, traders and developers can access the revolutionary financial unavailable data in the crypto space. 

The platform seeks to provide data solutions to exhibit high volume scalability and helps to provide diversified data. Umbrella network nodes are built on Layer 2 Merkle Trees to improve scalability and maintain data security. Merkle trees are a nonlinear binary hash tree-like data structure that helps verify data information without accessing the whole data set. In addition, Merkle Trees technology allows the Umbrella platform to aggregate thousands of transactions.

UMB is the native token for Umbrella Network. The UMB token is deployed on Ethereum and Binance Smart Chain (BSC) mainnet. Ethereum is a platform that can run a variety of applications. BSC is a decentralized blockchain network that enables the creation of and staking mechanisms. Mainnet is an independent blockchain running on its technology and protocol. UMB is compatible with ERC-20. ERC-20 defines how the tokens are transferred between the traders and how traders can access data.

According to the UMB litepaper, Umbrella Network aims to provide multiple beneficial activities to select validators’ nodes, governance activities, and decisions about ways of network operations. Besides this, the token delegated a proof-of-stake mechanism that helps the holders to achieve user fees. Moreover, the platform seeks to provide proper security to decentralize financial applications in lower-cost amounts. 

History of Umbrella Network (UMB)

The litepaper of Umbrella Network was published on January 27, 2021. A team of twenty-two members launched Umbrella Network. Sam Kim, the senior adviser; John Chen, the president; and Migull Morales, the technical adviser, led the team.

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Reading List

News

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Guides

Coinbase

How to Buy Umbrella Network

You can buy Umbrella Network using Coinbase Wallet, your key to the world of crypto. We wrote a guide on how you can buy Umbrella Network using Coinbase wallet.

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FAQ

What is the current price of Umbrella Network?

We update our Umbrella Network to USD currency in real-time. Get the live price of Umbrella Network on Coinbase.

What is the market cap of Umbrella Network?

The current market cap of Umbrella Network is $1.90M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Umbrella Network?

The all-time high of Umbrella Network is $2.58. This all-time high is highest price paid for Umbrella Network since it was launched.

What is the 24 hour trading volume of Umbrella Network?

Over the last 24 hours, the trading volume of Umbrella Network is $62.55K.

What other assets are similar to Umbrella Network?

Assets that have a similar market cap to Umbrella Network include Prism, Cashtree Token, K21, and many others. To see a full list, see our comparable market cap assets.

How many Umbrella Network are there?

The current circulating supply of Umbrella Network is 293 million.

Can I buy Umbrella Network on Coinbase?

Yes, Umbrella Network is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Umbrella Network guide.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.