Equity Overview
Price & Market Data
Price: $0.00195
Daily Change: +$0.0₄947 / 4.84%
Range: $0.00182 - $0.00203
Market Cap: $865,333
Volume: 2,108
Details
Umbrella Network is a scalable, cost-efficient, and community-owned oracle for the DeFi and blockchain community. Its Layer 2 technology uses the latest advances in Merkle tree technology to write multiple data points on a single on-chain transaction, so it allows for batching data to smart contracts accurately, securely, and inexpensively.Umbrella utilizes a Delegated Proof of Stake (DPoS) that benefits from the active participation of the community and token holders. UMB Utility Token holders will 1) select Validator Nodes, 2) participate in governance, 3) stake tokens in consensus rounds, and 4) generate rewards for staking tokens.