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The Umbrella Network launched one of the largest initial dex offerings (IDOs) at the beginning of 2021. This is a community-owned, decentralized oracle service providing secure and extensively scalable data solutions for decentralized finance (DeFi) applications. Umbrella provides access to revolutionary financial datasets for blockchain app developers in the crypto space as well as those with an interest in real-world business transactions. The decentralization power of the Umbrella Network is centered around the UMB utility token, which is used for staking, community votes and rewards and incentives. By introducing a layer two blockchain integration, Umbrella Network creates a highly scalable oracle solution.

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