BTC USD 48,412.4 Gold USD 1,778.61
Time now: Jun 1, 12:00 AM

Wallet UMI Top - umi.top

UMI Top

Fun Poster
Messages
156
Joined
Jun 2, 2020
Messages
156
Reaction score
2
Points
15
dz3FH4QQcBw.jpg


UMI listed on Bithumb Global!

Dear friends, we're here with very hot news.

The top crypto platform Bithumb Global is listing the UMI cryptocurrency today!

- The announcement was made at 07:00 UTC (10:00 Moscow time) — https://support.bithumb.pro/hc/en-us/articles/4409254511385-UMI-UMI-Listing-Nov-10-2021 .
- At 08:00 UTC (11:00 Moscow time), UMI deposit capability became available: https://global.bithumb.pro/asset/deposit/spot?c=UMI .
- Trading starts today at 13:00 UTC (16:00 Moscow time)!

Bithumb Global (Bitglobal) is an international trading platform created by the popular top exchange Bithumb. Bithumb itself is on the 10th line in the CoinMarketCap rating, and BitGlobal is in TOP 50.

And most importantly, this is just the beginning. In the near future, we will continue to work on listing UMI on the world's other top crypto platforms.

Link to Bithumb Global: https://www.bitglobal.com

We continue to grow.
Always yours, UMI Team!
 
Sponsored Post

UMI Top

Fun Poster
Messages
156
Joined
Jun 2, 2020
Messages
156
Reaction score
2
Points
15
First UMI OneApp release — coming in December!

umi_pattern_99_eng.jpg


Dear friends, immediately after the voting ended, we set down to actively develop UMI OneApp. Over a short period of time, we’ve done a huge amount of work to develop a multitude of products that will be available to the users of our DeFi-platform. We’re happy to report that the first release of the ecosystem will be available in about a month — in December.

UMI OneApp beta version will include the following products:

U-Wallet multi-currency wallet. At the first stage, it will support the UMI, Ethereum, and Binance Smart Chain blockchains. This means that all UMI OneApp users will be able to work with any assets — both coins and tokens — from the above listed blockchains. The support for other networks will be implemented later.

U-DEXdecentralized exchange. In the beta version users will be able to make a quick exchange of their assets from the Ethereum and Binance Smart Chain networks. It will also allow users to provide liquidity and farming (will work via PancakeSwap and Uniswap decentralized exchanges).

U-Aggregate is the first beta version of the aggregator of decentralized exchanges which will have only the routing functionality. The aggregator will offer the user the most profitable exchange path, displaying diagrams with all pairs only on one exchange — U-DEX.

U-Staking is a page for staking cryptocurrencies and tokens. At the first stage, only GLIZE staking will be available. Staking of other crypto assets will be added later.

U-Gamefi is a page that will show various “Play and Earn” games based on the Ethereum and Binance Smart Chain blockchains.

U-ProfitCenter is a page where users can review all available ways of earning money on UMI OneApp.

U-Dashboard is a personal smart control panel where the user can view all necessary information regarding their assets.

U-DAO is the first version of a decentralized autonomous organization where UMI holders will have the opportunity to vote for integration of certain changes into the protocol.

U-Burn beta version will display statistics on UMI burning and have an interface for burning coins.

U-Data is an analytical dashboard in the form of dashboards and graphs for tracking general activity in the UMI OneApp ecosystem. It will also include a blockchain explorer.

U-Interface is a service for downloading and installing UMI nodes.

U-API will provide a lot of options for interacting with UMI OneApp via API.

Please keep in mind that in December only the first beta version will be released, that is, some features which you read about in UMI OneApp Manifest may not be complete yet. Nevertheless, even at this stage, it will have a wide range of options: staking, farming, providing liquidity, profitable exchange at DEX, asset management via a multi-currency wallet, and a lot more. And we will not stop there.

This will be a long journey. We must develop and integrate all the solutions described in the Manifest — https://umi.top/OneApp_en.pdf. Our ultimate goal is a fully developed app.

Thank you again for supporting us in the voting.

Lots of love, UMI Team!
 

UMI Top

Fun Poster
Messages
156
Joined
Jun 2, 2020
Messages
156
Reaction score
2
Points
15
kjpUfU0ih-I.jpg

GameFi has lately achieved a real breakthrough in the crypto industry. In simple terms, GameFi is blockchain-based games. Their distinct advantage is the opportunity to earn real digital assets during gameplay.

Alas, GameFi users have to deal with problems typical of existing blockchains: low capacity and high fees.

The UMI blockchain is able to solve both these problems!

UMI's high-tech nature will allow blockchain games to rise to a new level. Just imagine a virtual world in which:

- All transactions are free and instant;
- All in-game items are in the form of tokens that you can buy or sell in the game and on exchanges;
- UMI coins or network tokens are used as in-game currency;
- UMI's high scalability rules out the network overload.

It's clear that existing blockchain games need to be developed, and the UMI OneApp ecosystem can make a significant contribution to their development.
 

UMI Top

Fun Poster
Messages
156
Joined
Jun 2, 2020
Messages
156
Reaction score
2
Points
15
UMI-based NFT to take the sector to a new level

umi_pattern_104_eng.jpg


The market of non-fungible tokens (NFT) has seen a great boom this year. Digital artists sell their works for hundreds of thousands and millions of dollars; video game developers actively integrate NFT tokens into their projects, and sports clubs sell their players’ cards in the format of NFTs.

The advantage of NFTs is that each token is indivisible and unique and its owner has the exclusive right to it. In this way, NFTs can resolve a lot of problems related to copyrights — to track ownership of an asset, you just need to view the history of transactions with this asset on the blockchain.

NFTs are actively used and developed in such areas as:

- Digital art
- Music industry
- Digital collectibles
- Sports clubs’ fan tokens
- Blockchain games, or GameFi
- Ticketing business

And this is just the beginning — NFTs can be used in many other areas which involve identity verification and documents or items authentication: law, insurance, real estate and antiques, certification and licensing.

For this reason, UMI OneApp users will have access to U-NFTCenter — a universal NFT marketplace where they will be able to create, store, transfer and sell NFT tokens. Zero-free transactions in UMI blockchain will ensure users to make transactions on the most favorable terms.

On top of it, U-NFTCenter will fully support all popular blockchains. In other words, users will be able to exchange any tokens based on Ethereum, Binance Smart Chain, Solana and other blockchains.

UMI OneApp is all NFTs in a single place!
 

UMI Top

Fun Poster
Messages
156
Joined
Jun 2, 2020
Messages
156
Reaction score
2
Points
15
zuXObC_r0a4.jpg

Dear friends, we’re in the final stage of preparation to the large-scale UMI network upgrade. Right now, we’re actively testing the new node, and the upgrade of the main network is planned to happen on November 29 at 07:00 UTC.

The new node supports issue of tokens in the UMI network and coin burn!

After it’s launched, it will be technically possible to issue tokens in the UMI blockchain. GLIZE will be the first token.

The UMI network will also have a new type of transactions — burn transactions. These will be transactions that will make the much-awaited UMI burn feature!

Important: all users will need to update the UMI Wallet mobile app after the new node is released. The new app will be released along with the node — on November 29 at 07:00 UTC. The old mobile wallet version will not be supported!

You will also need to update the validator node if you installed it.

We will publish all links after the successful launch of the new node.

Yours, UMI Team!
 

UMI Top

Fun Poster
Messages
156
Joined
Jun 2, 2020
Messages
156
Reaction score
2
Points
15
A36HKZa381Y.jpg

Friends, the burning mechanism on the UMI network is working successfully.

Today at 12:55 UTC, 175 048 642 UMI were burned using the new transaction type, Burn.

Here is the transaction itself —

Another 150 000 000 UMI were burned through the conversion of coins into GLIZE tokens.

Transaction — https://blockchain.umi.top/transact...d8ad5ab0c06467cf1565c1b5d68c93dd1ee64c039bb4f.

Current UMI emission is 677 773 263 and will continue to decrease.

UMI burning + increased coin demand = deficit.

Always with love, your UMI team!
 

UMI Top

Fun Poster
Messages
156
Joined
Jun 2, 2020
Messages
156
Reaction score
2
Points
15
What is DeFi and why is it so popular? New video about UMI OneApp

In this video, we’re answering important questions.

What is decentralized finance, or DeFi? Why is it an important tool for the crypto market? What are the unique opportunities opening up for DeFi users? Why are we developing the UMI OneApp ecosystem and how is it related to DeFi capabilities?

We will also review the DeFi infrastructure, DEX capabilities and U-SWAP functionality.

 

UMI Top

Fun Poster
Messages
156
Joined
Jun 2, 2020
Messages
156
Reaction score
2
Points
15
umi_pattern_112_eng.jpg

New questions answered

Friends, we continue to answer the most popular questions from UMI crypto users.

Let’s get down to answering questions right away. Here we go!

1. When will the UMI OneApp platform be launched?

Immediately after the vote for stopping UMI staking and entering the DeFi market was over, we started developing UMI OneApp — a DeFi platform that will include a lot of decentralized finance (DeFi) solutions.

The first version of the DeFi ecosystem will be available in December. The beta version will include such DeFi solutions as:

U-Wallet multi-currency wallet. At the first stage, it will support assets from the UMI, Ethereum, and Binance Smart Chain blockchains. The support for other networks will be implemented later.

U-DEX decentralized exchange. Users will be able to make a quick exchange of their assets from the Ethereum and Binance Smart Chain networks. It will also allow users to provide liquidity to pools and farm supported assets.

U-Staking is a cryptocurrency and token staking service. At the first stage, only GLIZE staking will be available. Staking of other crypto assets will be added later.

U-GameFi is a page that will show a variety of “Play and Earn” games based on the Ethereum and Binance Smart Chain blockchains.

U-ProfitCenter is a page where users can review all available ways of making a profit on UMI OneApp.

U-Burn beta version will display statistics on UMI burning and have an interface for burning coins.

We have already published a full list of products that will be available in the first beta version of UMI OneApp: https://blog.umi.top/en/first-umi-oneapp-release-coming-in-december/

We also plan to add the other services that we announced before and expand the functionality of already existing solutions. This will be a long journey. We must develop and integrate all the solutions described in the Manifest.

UMI OneApp Manifest: https://umi.top/OneApp_en.pdf

2. When will the crypto cards with UMI support be launched?

Crypto cards with UMI support are still under development. Our long-term partner ISP Club is working on their launch.

The latest version of the cards was successfully released in October. In the current version, to make a payment, users have to convert UMI to fiat currency manually by using a special app. The future version will have automated conversion.

Our partners from the ISP Club are responsible for distributing the cards with UMI support and keeping users up to date with the latest information.

The latest news about crypto cards: https://bit.ly/3xVnewW

3. Why did you stop staking?

UMI staking was stopped because the community decided to stop it. We took a decentralized vote on stopping staking. The overwhelming majority of users decided to stop staking and switch to the decentralized finance (DeFi) market.

We couldn’t enter the DeFi market without stopping UMI staking. The truth is that the high staking rate caused the generation of an excess number of coins and, as a result, a steady drop in the UMI price. In that situation, UMI wouldn’t attract new participants in the crypto industry, even with a wide range of products presented in UMI OneApp.

Now, after stopping staking and developing DeFi protocols, we can market UMI as a top blockchain platform for a variety of DeFi products. On top of it, by having stopped staking and integrated the burning mechanism, we turned UMI into a deflationary asset. It can have a positive impact on the coin’s shortage in the long run.

4. Why did you not foresee that high emission can cause a price drop?

Initially, the high staking rate helped UMI grow and draw an audience. It was one of our main advantages which helped the cryptocurrency stand out among other cryptocurrencies. UMI has always had and still has other strong points such as super-high blockchain throughput and no fee on the network.

Looking back at the past, you could see that the growth of the UMI price was not connected to the high staking rate. From January to June 2021, the cryptocurrency price increased from $1 to $3.

But then we generated too many coins. The market situation changed, which led to the limitation of development resources. As the coin price began to fall, we offered the community a solution — stop staking and entering the DeFi market to popularize the cryptocurrency. Users made their choice.

5. What are your plans regarding listing on major exchanges? When will UMI be listed on Binance?

We plan to have UMI listed on major exchanges, including Binance. In parallel with UMI OneApp, we are working on adding UMI to a range of trading platforms. As a result, you may have already noticed that UMI has been added to several platforms. The largest and most popular ones are BitGlobal (formerly Bithumb Global, an international trading platform from Bithumb crypto exchange) and Bibox.

We also plan to have UMI added to other exchanges. It’s just the beginning.

6. Will U-DEX support stablecoins?

Yes, it will. The beta version which will be launched in December will have this functionality. At the initial stage, U-DEX will support the exchange of assets from the Ethereum and Binance Smart Chain networks. These networks feature a range of popular stablecoins, including USDT, USDC, and DAI, which will also be available for trading on U-DEX.

Similarly, the multi-currency crypto wallet U-Wallet at the first stage will support assets from the Ethereum and Binance Smart Chain networks. So users will be able to efficiently work with all popular stablecoins: store, transfer, receive, and trade them in pairs with other crypto assets.

7. When will the UMI rate grow?

The UMI rate depends solely on supply and demand on the market. We do not influence the coin price and cannot know when the rate will rise.

But at the same time, we have focused all our efforts on popularizing the cryptocurrency, its development, and creating a deflationary mechanism, which will encourage the growth of demand and create a shortage of coins on the market.

That was why we stopped staking, launched burning, Manifest, and started the development of UMI OneApp. As a native coin of the DeFi platform, it will be used to access various products. If users want to use some solutions, they will need to buy UMI.

Thanks for your time!
 
Sponsored Post

Live Crypto

Currency
Rates
BTC
48363.8 USD
ETH
4047.23 USD
BNB
555.92 USD
USDT
1.00046 USD
SOL
181.77 USD
ADA
1.29811 USD
USDC
0.99995 USD
XRP
0.77251 USD
DOT
26.3559 USD
LUNA
64.066 USD

CG Sponsors




Top
Log in Register