Umbrella to List UMB Token With BitMax
PRESS RELEASE. BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of UMB Tokens (UMB) under the trading pair of UMB/USDT on March 10th at 9:00 a.m. EST.
Umbrella Network is a community-owned, decentralized oracle service providing secure, low-cost, and massively scalable data solutions to blockchain and decentralized finance (DeFi) applications. The UMB native token is utilized for governance and liquidity rewards in a Delegated Proof of Stake system.
Umbrella provides access to data previously unavailable to blockchain developers across multiple segments, including mid and long-tail crypto assets and real-world financial data. Current oracle solutions require users to compromise between the security of the data or freshness/liveliness of the data. With Umbrella, developers can have both.
Recently, several oracle projects have entered the cryptocurrency ecosystem; however, many of these projects are still at early stage with minimal product development and viable business models. Umbrella Network seeks to be the third viable product in-market behind industry leaders Chainlink and Band Protocol.
Launched in August 2018, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust design ranging from cash to margin trading, derivatives trading, staking products, and other investment solutions.
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Umbrella Network is a Layer 2 Oracle technology delivering data at the frequency, volume, and affordability to enable DeFi at scale. Umbrella has a strong combination of experienced technical and business-oriented team, respected and influential investors, key opinion leaders, social media presence, and existing traction of partnerships and product development. In short, Umbrella is well positioned to be a major player in the DeFi evolution for years to come.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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