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Introducing Umbra Coin: A Revolution in Decentralized Oracle Services

Umbra Coin is a decentralized oracle service that offers secure and highly scalable data solutions for decentralized finance (DeFi) applications. It provides access to groundbreaking financial datasets for blockchain app developers and individuals interested in real-world business transactions.

The power behind Umbra Coin lies in its UMB utility token, which is used for staking, community votes, rewards, and incentives. By integrating with a layer two blockchain, Umbra Coin creates a scalable oracle solution that meets the needs of the rapidly growing DeFi market.

Meet the Founders of Umbra Coin

Samuel Kim, one of the founding partners of Umbra Coin, brings a wealth of experience to the project. With a master's degree in business administration from the University of Chicago Booth School of Business, Kim has held notable positions at institutions like the World Bank and Credit Suisse. Prior to Umbra Coin, Kim co-founded The Mobile Majority and started Lucidity, a digital advertising protocol utilizing blockchain technology.

The Unique Features of Umbra Coin

Umbra Coin stands out as one of the first platforms enabling the development of decentralized financial applications based on real-world data. It offers virtually unlimited scalability options for users looking to leverage blockchain technology for personal and enterprise finance. The protocol utilizes data feeds from multiple sources to calculate accurate market prices, providing users with up-to-date information. Additionally, Umbra Coin's governance is fully decentralized, allowing stakeholders, validators, and developers to actively participate in shaping the network's future.

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Understanding the Umbra Coin Supply

The maximum supply of Umbra Coin is 46,405,087 UMB tokens. The total supply is 56,405,087 UMB tokens. Currently, there are 18,282,511 UMB tokens in circulation. The distribution of the token supply is as follows: 13% to the Umbra Coin foundation and treasury, 10% to a special development fund, 20% equally divided among the founding team members and early contributors, 10% towards public sales, 37% to a rewards pool, 10% to a node fund, and the remaining 10% to a dedicated partner fund.

Ensuring Security on the Umbra Coin Network

The Umbra Coin network operates on the Ethereum blockchain and relies on a delegated proof-of-stake (DPoS) consensus model to ensure the security of data transfers. In this model, the DPoS Umbra community, owning the majority of UMB tokens, elects validator nodes that act as representative governing bodies for the Oracle service. The DPoS consensus mechanism also enables high scalability for Umbra Coin, as it requires less electrical and computing power compared to proof-of-work (PoW) systems like Bitcoin.

Where Can You Purchase Umbra Coin?

If you're interested in buying Umbra Coin, Uniswap V2 is your best choice.

Other exchanges that support Umbra Coin trading include Gate.io, AscendEX, MXC.COM, and 1inch Exchange.

It's important to note that investing in cryptocurrencies, including Umbra Coin, carries inherent risk, similar to any other form of investment.

Find more information about buying cryptocurrencies here.