Project Safety Score

Fri, Mar 15, 2024 12:00 AM

	Market Cap	$2,368,045.23
	Market Dominance	unknown
	24hr Volume	$93,463.98
	Price	$0.00808

27%

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Name

Umbrella Network

Type

token

Platform

Ethereum

ERC20 Token for Umbrella Network's community owned, layer 2 oracle

3/5

(2 reviews)

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vuwtus 1 year ago

This team has been hacked three times now. After promising to take security more seriously. The latest hack drained ~$2.9M from the account, and the company is now in danger of closing down. They suppress any questions.

0 0

Skyscraper Crypto 2 years ago

Umbrella Network is a community owned decentralized oracle service providing secure, low cost, and massively scalable data solutions to blockchain applications. Umbrella provides access to data previously unavailable to smart-contract developers across multiple segments including mid and long tail crypto assets as well as real world financial data. At the center of the Umbrella Network is the $UMB token which helps in securing the network and is used by the community to stake, vote on key representatives, and earn rewards & user fees. Umbrella solves the scalability problem in oracles by leveraging a layer 2 solution and utilizing Merkle trees for batching transactions. The network is community owned and governed with the majority of token supply allocated to the community. Umbrella Network uses its technology to enable massively scalable, cost effective, and secure access to outside data for blockchain developers.

0 1

Showing records 1 - 2 of 2 ratings

81%

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5/5

(2 reviews)

Market Cap Rank:

Voted:

moon

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Bullish

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Umbrella Network News

Umbrella Network Partners with Klever Finance
Mon, Feb 14, 2022 10:12 AM
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Crypto orakels: wat is het en wie gebruikt ze?
Sat, Jan 8, 2022 8:51 AM
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Umbrella Network (UMB) Receives a Very Bullish Rating Wednesday: Is it Time to Get on Board?
Thu, Jan 6, 2022 8:51 AM
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What's Next for Very Bullish Rated Umbrella Network (UMB)?
Thu, Dec 23, 2021 12:00 PM
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Bu 10 DeFi Altcoin Projesinde Dev Haberler Var: İşte Ayrıntılar!
Wed, Nov 24, 2021 12:00 PM
...
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Umbrella Network Profile (UMB)