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Umbrella Network

UMB

Price
$0.0090
9/29/2022, 11:33:45 AM
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Market

Market stats

Market cap

$665,461.60

Volume (24h)

$415,057.43

Circulating supply

74.1M UMB

All time high

$2.58

Price change (1h)

+0.21%

Price change (24h)

+1.51%

Price change (7d)

+9.13%

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Umbrella Network is on the rise this week.

The price of Umbrella Network has risen by 9.13% in the past 7 days. The price increased by 1.51% in the last 24 hours. In just the past hour, the price grew by 0.21%. The current price is $0.008996 per UMB. Umbrella Network is 99.65% below the all time high of $2.58.

The current circulating supply is 74,060,182.467 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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FAQ

What is the current price of Umbrella Network?

The price of 1 Umbrella Network currently costs $0.0090.

What is the market cap of Umbrella Network?

The current market cap of Umbrella Network is $665.46K. 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 $415.06K.

What other assets are similar to Umbrella Network?

Assets that have a similar market cap to Umbrella Network include DigitalNote, Odyssey, Carbon, 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 74 million.

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