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When was UMA coin issued? Learn about the origin of UMA coin in one article

UMA, a DeFi platform co-founded by Hart Lambur in 2018, enables the creation and trading of synthetic assets through its native token, UMA, and has undergone continuous development since its mainnet launch in September 2020.

Oct 14, 2024 at 04:12 am

1. Origin and History of UMA Coin

1.1. Concept and Foundation

UMA (Universal Market Access) is a decentralized finance (DeFi) platform that enables the creation and trade of synthetic assets.
It was co-founded by Hart Lambur in 2018 and launched in 2019.

1.2. Initial Launch and Token Issuance

UMA's native token, UMA, was issued through an initial coin offering (ICO) in March 2019.
The ICO raised approximately $11 million in funding.

1.3. Mainnet Launch and Protocol Development

UMA officially launched its mainnet in September 2020.
Since then, the protocol has undergone continuous development and improvement, adding new features and integrations.

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