About Umbrella Network
ERC20 Token for Umbrella Network's community owned, layer 2 oracle
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Trading Insights
Searched
1
Market Stats
Market Cap
₹49.97M
9.45%
FDV
₹76.33M
Circ. Supply
293M UMB
Max Supply
448M UMB
Total Supply
332M UMB
Diluted Valuation
₹75.35M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹21.35M
53.07%
Volume (7D)
₹100.66M
Volume (30D)
₹409.34M
All time high
₹223.29
Price Change (1Y)
-83.54%
Additional details
Recent trends
The latest UMB price is ₹0.17. Compared to Umbrella Network's value of ₹0.16 from 24 hours ago, there's been a 9% increase, while the current price is 3% up from ₹0.17 which was recorded one week ago. Umbrella Network's all time high is ₹223.29, which was reached on February 10, 2021. This is a -100% change from its price today.
The current circulating supply of Umbrella Network is 292,962,636. This is 65% of its max supply of 447,532,308 UMB and 88% of its total supply of 332,401,437. The market cap is currently ₹49.97M, which is a result of multiplying the current price of Umbrella Network(₹0.17) by the total supply(332,401,437 UMB). The fully diluted valuation of Umbrella Network is ₹76.33M. The diluted valuation of Umbrella Network is ₹76.33M.
Market details
UMB vs markets
↘ 88.2%
UMB vs BTC
↘ 89.92%
UMB vs ETH
↘ 77.04%
Tags
defi
oracles
polkastarter
bounce-launchpad
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x6fC13EACE26590B80cCCAB1ba5d51890577D83B2 | |
BNB Smart Chain | 0x846F52020749715F02AEf25b5d1d65e48945649D | |
MultiversX | UMB-e2b3d8 |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹0.17 | ↗ 9.39% |
1 Day | ₹0.16 | ↗ 9.39% |
1 Week | ₹0.17 | ↗ 2.77% |
1 Month | ₹0.27 | ↘ 36.66% |
1 Year | ₹1.00 | ↘ 83.54% |
FAQ
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.
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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The current market cap of Umbrella Network is ₹49.97M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Umbrella Network is ₹223.29. This all-time high is highest price paid for Umbrella Network since it was launched.
Over the last 24 hours, the trading volume of Umbrella Network is ₹21.35M.
Assets that have a similar market cap to Umbrella Network include Tree Stuck in Cat, AIGOV, PointPay, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Umbrella Network is 293 million.
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Legal
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