Dear KuCoin Users,
KuCoin is extremely proud to announce yet another great DeFi project coming to our trading platform. UMA (UMA) is now available on KuCoin. Supported trading pair is UMA/USDT.
KuCoin will offer a 30% discount on all levels of UMA trading fee. The discount on UMA trading fees will last for one month after listing.
Campaign Period: 18:00:00 on September 7, 2020 to 18:00:00 on October 7, 2020 (UTC+8)
Please take note of the following schedule:
Project Summary
Total Supply | Market Cap | Issue Date | Consensus Protocol |
100,707,090 | $955,394,514 | 2020-04-30 | ERC20 |
Circulating Supply | 24hr Volume | Issue Price | Cryptographic Algorithm |
54,717,315 | $25,313,620 | $0,2675 | - |
* The key metric numbers are calculated as at September 4, 2020
UMA describes itself as a protocol for building synthetic assets. It aims to allow users to write self-enforcing smart contracts with economic guarantees.
UMA is designed to power the financial innovations made possible by permissionless, public blockchains, like Ethereum. Using concepts borrowed from fiat financial derivatives, UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts. But unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible.
Official Website: https://umaproject.org/
Whitepaper: Click to view
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
Regards,
The KuCoin Team