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What is UMA coin? Introduction to the issue price, total amount and white paper of UMA coins

UMA is a decentralized financial protocol that enables the creation of synthetic assets tracking the value of real-world assets, with a native token (UMA) used for governance and collateral for synthetic asset issuance.

Oct 15, 2024 at 05:06 pm

What is UMA Coin?

UMA (Universal Market Access) is a decentralized financial protocol that allows the creation of synthetic assets, which are crypto-assets that track the value of real-world assets. UMA achieves its functionality through a network of UMA-based dApps.

Issue Price of UMA Coins:

$0.25

Total Supply of UMA Coins:

107,817,055 UMA

White Paper:

The UMA white paper was published on January 30, 2019, and can be found at https://docs.umaproject.org/white-paper.

Additional Details:

UMA was launched in May 2020.
UMA's native token is the UMA token, which has a governance function and serves as collateral for synthetic asset issuance.
The UMA protocol is powered by a decentralized oracle network known as the UMA Data Verification Mechanism (DVM), which provides reliable price data for synthetic assets.
UMA's DVM relies on networks of third-party data sources and on-chain disputers to ensure data accuracy.
UMA has partnerships with prominent blockchain platforms, including Ethereum, Polygon, and Optimism.

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