Umbrella to List UMB Token With BitMax
PRESS RELEASE. BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of UMB Tokens (UMB) under the trading pair of UMB/USDT on March 10th at 9:00 a.m. EST.
Umbrella Network is a community-owned, decentralized oracle service providing secure, low-cost, and massively scalable data solutions to blockchain and decentralized finance (DeFi) applications. The UMB native token is utilized for governance and liquidity rewards in a Delegated Proof of Stake system.
Umbrella provides access to data previously unavailable to blockchain developers across multiple segments, including mid and long-tail crypto assets and real-world financial data. Current oracle solutions require users to compromise between the security of the data or freshness/liveliness of the data. With Umbrella, developers can have both.
Recently, several oracle projects have entered the cryptocurrency ecosystem; however, many of these projects are still at early stage with minimal product development and viable business models. Umbrella Network seeks to be the third viable product in-market behind industry leaders Chainlink and Band Protocol.
Launched in August 2018, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust design ranging from cash to margin trading, derivatives trading, staking products, and other investment solutions.
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Umbrella Network is a Layer 2 Oracle technology delivering data at the frequency, volume, and affordability to enable DeFi at scale. Umbrella has a strong combination of experienced technical and business-oriented team, respected and influential investors, key opinion leaders, social media presence, and existing traction of partnerships and product development. In short, Umbrella is well positioned to be a major player in the DeFi evolution for years to come.
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