Coin list notification that registrations for the Umee (UMEE) project are now possible. The token sale for Option 1 begins on December 2nd at 12:00 AM (Synthetic Team time) and Option 2 on December 2nd at 6:00 AM.

What is Umee (UMEE)?

Umee is a cross-chain DeFi hub that connects blockchains. As a base layer DeFi protocol, an extensive ecosystem of application layer protocols can be built on Umee. The Umee blockchain instead facilitates instant interoperability using the Tendermint Proof of Stake consensus protocol with the Cosmos ecosystem, Ethereum network, sidechain architecture, Layer 2 scaling solutions, and the protocol base layer.

Main highlights

DeFi Center base layer: The Umee blockchain builds on the Cosmos SDK and the Ethereum Virtual Machine (EVM) to build a bridge between DeFi and specific lending use cases. Umee offers a flexible combination of speed and efficiency for blockchain transactions with the ultimate in fast consensus protocol based on Tendermint Proof of Stake.

Global debt market: The first products to build on Umee will be cross-chain borrowing and lending as well as platforms to integrate the global debt market into DeFi. By developing tools that enable new leverage and interest components, Umee is bringing new markets and ecosystems to crypto and becoming the leveraged basis for the blockchain world.

Cross-chain interoperability: Umee’s vision is to lead the development of the multi-chain world and serve as the foundation for the entire blockchain ecosystem. Umee uses IBC (Inter-Blockchain Communication), the leading Cosmos protocol for cross-chain communication.

Token economy

UMEE is the original proof of stake token on the Umee blockchain. Blockchain participants use tokens to pay calculation fees and reward validators (validators) for providing a Tendermint BFT consensus for processing network transactions. This token is also the governance token for decisions about the protocol configuration of Umee, DeFi application parameters as well as product and program recommendations.

UMEE will exist as a token based on the Cosmos SDK as well as the native ERC-20.

Token Distribution

team

Brent – Brent is the founder of Umee. Before joining Umee, he was Strategy Manager at Tendermint, responsible for defining the strategic roadmap and partnerships for Cosmos Network. Prior to Cosmos, Brent was one of the first 30 employees at ConsenSys and a bond dealer on Wall Street.

Alex – Aleks (also known as Bez) is the senior engineer on the Umee blockchain network. Prior to Umee, he was the chief engineer for Cosmos SDK. Aleks has been contributing to the Cosmos ecosystem and an important contribution to the Tendermint Core consensus protocol since its inception. Aleks specializes in peer-to-peer networks, base layer protocols, distributed systems, proof-of-stake and autonomous blockchain networks.

Zac – Zac was one of ConsenSys’s early engineers and a colleague of Brent at the time. Zac has researched and contributed to several core Ethereum scalability protocols such as TrueBit, State Channels, and Plasma. He also developed bridging protocols like X-Relay, the precursor to POA networks like xDAI.

supporter

Token sales details

There are two options with different terms:

• Option 1 starts on December 2nd at 12:00 AM
• Option 2 starts on December 2nd at 6:00 a.m.

Answer quiz questions

Note: The alphabetical order of each account is not the same, pay attention to the answers.

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Bach Khoi

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