Description
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.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, Umbrella Network has established itself as a formidable player. It is currently ranked #1,355 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in Umbrella Network as a viable digital asset.
Tokenomics
The tokenomics of Umbrella Network consist of a total supply of 428,428,785 tokens, out of which 348,863,156 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your Umbrella Network tokens, you can use a variety of wallets such as MetaMask, Trust Wallet, MyEtherWallet, Ledger, Trezor. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade Umbrella Network, you can use various popular exchanges such as ArkenSwap. These platforms offer a seamless experience and allow you to manage your investments in Umbrella Network with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
