Informations

2.19

USD

Rank #225


WebSite : Umaproject.org
Whitepaper : Docs.umaproject.org
Domain Age : Registered over 4 years ago

  • 24 hours

    4.44%

  • 30 days

    39.29%

  • ATH

    -94.71%

UMA Ratings Score

Last score update : 3 days ago

UMA Price live today

UMA (UMA) is currently trading at 2.19 USD and with a circulating supply of 69,301,494 UMA.
Its market capitalization is 151,981,958 USD.
UMA price has moved 4.44% in the last 24 hours, with 7,772,929 USD worth of UMA traded on various exchanges.
UMA currently ranks #225 in cryptocurrency rankings based on market capitalization.

About UMA (UMA)

UMA is a decentralized financial contracts platform built to enable Universal Market Access.

UMA builds infrastructure for “priceless” financial contracts: DeFi contracts that minimize oracle usage, avoiding many of the security and scalability issues that have plagued decentralized finance. The first contracts built with UMA are priceless synthetic tokens: ERC20 tokens that can track anything while minimizing the need for on-chain price data.

The UMA project token powers the system in two ways:

Governance: UMA token holders govern what types of contracts can access the system, which asset types are supported, and key system parameters and upgrades.

Price requests: the priceless methodology minimizes on-chain price requests but doesn’t eliminate them — when contract interactions are disputed, UMA token holders fulfill price requests via the Data Verification Mechanism, or DVM.

UMA tokens enable the holder to participate in community governance and resolve contract disputes through the DVM. The tokens are not an investment opportunity.