Where and how you can buy UMI
The new users who learn about UMI and our games in UMI OneApp for the first time often wonder where and how they can buy UMI coins to start using them. So we've decided to write an instructive tutorial on buying UMI.
Feel free to tell your friends and acquaintances about the benefits of UMI OneApp, invite them to play UMI Jack or UMI Royal Flush and send them a link to this article so they know where to buy UMI coins and how to start using them.
Tutorial — https://telegra.ph/How-and-where-you-can-buy-UMI-07-22
Topic: [UMI] UMI — Universal Money Instrument (Read 3288 times)
Update: UMI Wallet app has been fully restored
The new version of the UMI Wallet mobile app has been approved by the App Store and Google Play. Download the updated to ensure smooth functioning of the UMI crypto wallet.
UMI Wallet Mobile App:
- iOS: https://apps.apple.com/app/umi-wallet/id1527992117
- Android: https://play.google.com/store/apps/details?id=com.umi.umiwallet
Sincerely yours, UMI team
The new version of the UMI Wallet mobile app has been approved by the App Store and Google Play. Download the updated to ensure smooth functioning of the UMI crypto wallet.
UMI Wallet Mobile App:
- iOS: https://apps.apple.com/app/umi-wallet/id1527992117
- Android: https://play.google.com/store/apps/details?id=com.umi.umiwallet
Sincerely yours, UMI team
Problem of transferring UMI to the gaming balance fixed
We have been notified that some users have had problems with transferring UMI to the gaming balance in UMI Jack and UMI Royal Flush as well as with withdrawing the coins. There was a bug in the UMI OneApp operational logic, but it has been successfully fixed by now. We have also stabilized the funds transfer service to prevent such situations from happening again.
All transactions have been processed. Check your gaming balance and start playing.
- UMI Royal Flush — https://app.umi.top/gamefi/umi-royal-flush/list
- UMI Jack — https://app.umi.top/gamefi/umi-jack
P.S: If you still have problems, please use the feedback form on the UMI OneApp website.
We have been notified that some users have had problems with transferring UMI to the gaming balance in UMI Jack and UMI Royal Flush as well as with withdrawing the coins. There was a bug in the UMI OneApp operational logic, but it has been successfully fixed by now. We have also stabilized the funds transfer service to prevent such situations from happening again.
All transactions have been processed. Check your gaming balance and start playing.
- UMI Royal Flush — https://app.umi.top/gamefi/umi-royal-flush/list
- UMI Jack — https://app.umi.top/gamefi/umi-jack
P.S: If you still have problems, please use the feedback form on the UMI OneApp website.
UMI Royal Flush update
Dear friends, we have updated the UMI Royal Flush game - the bugs are now fixed and we also improved a few features:
- Improved modal window for changing nickname;
- Turned off the button of joining the table if there are already 9 players;
- Fixed a bug of games and game list freezing;
- Fixed a bug that did not allow the user to reconnect to the table after being kicked out due to low balance;
- Fixed errors in texts and rules;
- And added other technical fixes and improvements for smooth performance of UMI Royal Flush.
Have fun playing - https://app.umi.top/gamefi/umi-royal-flush/list
P.S. Thank you all for your feedback.
Dear friends, we have updated the UMI Royal Flush game - the bugs are now fixed and we also improved a few features:
- Improved modal window for changing nickname;
- Turned off the button of joining the table if there are already 9 players;
- Fixed a bug of games and game list freezing;
- Fixed a bug that did not allow the user to reconnect to the table after being kicked out due to low balance;
- Fixed errors in texts and rules;
- And added other technical fixes and improvements for smooth performance of UMI Royal Flush.
Have fun playing - https://app.umi.top/gamefi/umi-royal-flush/list
P.S. Thank you all for your feedback.
The staking mechanism reminds me of LP. More u buy off the pool more commission goes to the provider. And here, more is locked away for staking, much reward u can potentially grab. What concerns me is how can we change the code to be able to drain the coins being staked from the network to a personal wallet. Squeamish face of yours must have found a way to somehow exploit the network when it reaches maturity or great usage.
Please formulate your question more precisely. UMI does not support stacking so it is not clear what do you mean and what information you would like to find out.
The staking mechanism reminds me of LP. More u buy off the pool more commission goes to the provider. And here, more is locked away for staking, much reward u can potentially grab. What concerns me is how can we change the code to be able to drain the coins being staked from the network to a personal wallet. Squeamish face of yours must have found a way to somehow exploit the network when it reaches maturity or great usage.
UMI OneApp: one solution — a million opportunities
Dear friends, while we’re actively adding functionality to work with NFT, we’d like to remind you that our UMI OneApp DeFi platform already has a huge number of solutions on offer. Go to the UMI OneApp website to access the following:
- Non-custodial crypto wallet — send, receive and view your crypto assets in just a few clicks.
- Decentralized exchange in the UMI, BSC and Ethereum networks.
- Cross-chain exchange in the BSC, Ethereum, Polygon, Optimism, Arbitrum, Fantom and Avalanche networks.
- Token staking.
- Addition of liquidity into pools to earn on commissions.
- Farming.
- Various blockchain games, including our very own and unique UMI Jack.
In the future, UMI OneApp functionality will be significantly expanded — we’ll add support of new blockchains, capability to buy ready-to-use crypto portfolios (just like the ones the top traders own) in just one click, NFT and many other solutions to work with various DeFi tools in a single place.
All DeFi solutions in a single place — https://app.umi.top/
Dear friends, while we’re actively adding functionality to work with NFT, we’d like to remind you that our UMI OneApp DeFi platform already has a huge number of solutions on offer. Go to the UMI OneApp website to access the following:
- Non-custodial crypto wallet — send, receive and view your crypto assets in just a few clicks.
- Decentralized exchange in the UMI, BSC and Ethereum networks.
- Cross-chain exchange in the BSC, Ethereum, Polygon, Optimism, Arbitrum, Fantom and Avalanche networks.
- Token staking.
- Addition of liquidity into pools to earn on commissions.
- Farming.
- Various blockchain games, including our very own and unique UMI Jack.
In the future, UMI OneApp functionality will be significantly expanded — we’ll add support of new blockchains, capability to buy ready-to-use crypto portfolios (just like the ones the top traders own) in just one click, NFT and many other solutions to work with various DeFi tools in a single place.
All DeFi solutions in a single place — https://app.umi.top/
UMI's petition to CMC: over 1,000 signatures
Sign it by all means
Dear friends, our petition to CoinMarketCap (CMC) urging them to remove the unjustified alert from the UMI page is collecting more and more signatures. It's already been signed by over 1,000 people.
However, it's still not enough for the CMC team to pay attention to the problem. Our community is so much bigger — and we need help from each of you to see justice done. So we urge everyone who hasn't signed the petition yet to do so by all means. It's really simple and will just take you a few minutes:
1. Go to the petition page — https://chng.it/djnw9r98.
2. Specify your first and last names and email address on the right side of the page and click Sign Petition.
3. Confirm your signature via email by clicking a special link.
Let's be as active as possible to get rid of this unjustified alert on the UMI page and continue to grow.
We believe in you!
Love always, UMI Team!
Sign it by all means
Dear friends, our petition to CoinMarketCap (CMC) urging them to remove the unjustified alert from the UMI page is collecting more and more signatures. It's already been signed by over 1,000 people.
However, it's still not enough for the CMC team to pay attention to the problem. Our community is so much bigger — and we need help from each of you to see justice done. So we urge everyone who hasn't signed the petition yet to do so by all means. It's really simple and will just take you a few minutes:
1. Go to the petition page — https://chng.it/djnw9r98.
2. Specify your first and last names and email address on the right side of the page and click Sign Petition.
3. Confirm your signature via email by clicking a special link.
Let's be as active as possible to get rid of this unjustified alert on the UMI page and continue to grow.
We believe in you!
Love always, UMI Team!
Sign the UMI petition addressed to CoinMarketCap
A few days ago, we shared the idea to create a petition on Change.org with a call to CoinMarketCap (CMC) to finally address the issue and remove the unjustified alert on the UMI page, and you supported us. We are glad to inform you that the petition has been put up!
Dear friends, you are the true power, and we need your help again to make this appeal for justice heard by CMC. And so — we ask you to sign the petition. This is really simple and will only take a couple of minutes:
1. Go to the petition page —https://www.change.org/p/yбpaть-нeoбocнoвaннoe-yвeдoмлeниe-нa-cтpaницe-umi-нa-coinmarketcap
2. On the right, specify your first and last name and your e-mail and click on “Sign this petition”
3. Confirm the signature by following the link in the e-mail you receive
Done. Your signature is now registered!
You can also sign the petition by first creating a Change.org account, which can be done using the simplified registration process via Google and Facebook.
We contacted CMC multiple times, asking them to remove the unjustified alert on the UMI page, and even publicly addressed them, describing the situation in detail and providing proof for our claims. The request was noticed by popular crypto-related media, Crypto Daily and Cryptopolitan, which also covered the issue, writing about the unjust actions of CMC. Moreover, many of our users were very active on the social media of CMC, Binance and Changpeng Zhao, as well as on the UMI page on CMC itself.
However, CMC’s response so far has been far from what we hoped for: the alert on the UMI page still remains, and the only formal reply we actually received was a perfunctory notice that our request is being reviewed.
So, let’s join our efforts, muster the energy and collect as many signatures as we can. It’s important to make CoinMarketCap notice the issue that we all are affected by and urge the service to remove the unjustified alert from the UMI page, which will allow the product to develop towards its full potential on the market.
Stronger together!
Yours as always, the UMI team.
A few days ago, we shared the idea to create a petition on Change.org with a call to CoinMarketCap (CMC) to finally address the issue and remove the unjustified alert on the UMI page, and you supported us. We are glad to inform you that the petition has been put up!
Dear friends, you are the true power, and we need your help again to make this appeal for justice heard by CMC. And so — we ask you to sign the petition. This is really simple and will only take a couple of minutes:
1. Go to the petition page —https://www.change.org/p/yбpaть-нeoбocнoвaннoe-yвeдoмлeниe-нa-cтpaницe-umi-нa-coinmarketcap
2. On the right, specify your first and last name and your e-mail and click on “Sign this petition”
3. Confirm the signature by following the link in the e-mail you receive
Done. Your signature is now registered!
You can also sign the petition by first creating a Change.org account, which can be done using the simplified registration process via Google and Facebook.
We contacted CMC multiple times, asking them to remove the unjustified alert on the UMI page, and even publicly addressed them, describing the situation in detail and providing proof for our claims. The request was noticed by popular crypto-related media, Crypto Daily and Cryptopolitan, which also covered the issue, writing about the unjust actions of CMC. Moreover, many of our users were very active on the social media of CMC, Binance and Changpeng Zhao, as well as on the UMI page on CMC itself.
However, CMC’s response so far has been far from what we hoped for: the alert on the UMI page still remains, and the only formal reply we actually received was a perfunctory notice that our request is being reviewed.
So, let’s join our efforts, muster the energy and collect as many signatures as we can. It’s important to make CoinMarketCap notice the issue that we all are affected by and urge the service to remove the unjustified alert from the UMI page, which will allow the product to develop towards its full potential on the market.
Stronger together!
Yours as always, the UMI team.
UMI is two years old already! Let’s reminisce a bit about the journey so far — and consider the prospects in DeFi, NFT and GameFi!
Dear friends, the first day of summer came unexpectedly, as usual, and brought with it something to celebrate — UMI’s birthday. Yes, as of today, June 1, our cryptocurrency is officially two years old.
Seems like only a few days ago, the first master nodes started supporting UMI and adding first transactions into it. And now, there are as many as 42.5 million. Notably also, a year ago, the number was just 8.5 million, which means that UMI is growing rapidly, despite all the ups and downs that we all had to go through — and were able to overcome!
For the last two years, we have witnessed explosive growth and active acceptance of UMI — as well as decreased activity among our users. However, this challenging time taught us a great lesson.
Together with you, we have decided to discontinue staking, due to the UMI inflation it results in, and choose a new development model: to create a large-scale UMI OneApp DeFi platform based on the UMI blockchain and integrate the crypto burning mechanisms. UMI OneApp allows us to confidently make our way into the DeFI, NFT and GameFi while also providing our users with a unique solution that will unify the top-tier blockchains, popular crypto assets and tools needed, all in one place.
We are making strides towards our shared goal, developing more and more advanced DeFi solutions within UMI OneApp. The UMI Jack game, the cross-chain and DEX exchanges, the multi-currency wallet, farming and staking — all these are already available and in demand with the members of our community.
All the while, we are constantly improving the existing solutions and working on new ones to make UMI and UMI OneApp even better. To give you just one example, there is some NFT functionality and an NFT marketplace in line for release soon. Also — and now we’re sharing secrets — we are already working on another UMI-based game, which we will tell more about at a later time.
Binance CEO Changpeng Zhao recently noted: “In bear markets, it is actually easier to spot the weak projects, and founders who are money driven instead of mission driven.”
We feel that the UMI ecosystem has long proven to all of the crypto world that it can withstand the crises and make it through tough times. As for our mission, it is, of course, to give you access to the best crypto solutions available on the market. We have always strived to create a truly decentralized ecosystem, and we are doing our very best to implement the plans we laid out.
To achieve the goals set, we have everything we need: an awesome team of developers, a hi-tech cryptocurrency, a loyal community — and the absolute certainty of success. We do believe that, as the range and number of UMI-based DeFI products grows, more and more crypto enthusiasts and regular people will become interested in our cryptocurrency, creating an even higher demand for it.
With that, we keep moving forward and making UMI even better, despite all the difficulties, be it past, present or future. We are certain that we will have even more reasons to be proud in a year’s time. And with your support, we are bound to succeed!
With love, as always, your UMI team!
Dear friends, the first day of summer came unexpectedly, as usual, and brought with it something to celebrate — UMI’s birthday. Yes, as of today, June 1, our cryptocurrency is officially two years old.
Seems like only a few days ago, the first master nodes started supporting UMI and adding first transactions into it. And now, there are as many as 42.5 million. Notably also, a year ago, the number was just 8.5 million, which means that UMI is growing rapidly, despite all the ups and downs that we all had to go through — and were able to overcome!
For the last two years, we have witnessed explosive growth and active acceptance of UMI — as well as decreased activity among our users. However, this challenging time taught us a great lesson.
Together with you, we have decided to discontinue staking, due to the UMI inflation it results in, and choose a new development model: to create a large-scale UMI OneApp DeFi platform based on the UMI blockchain and integrate the crypto burning mechanisms. UMI OneApp allows us to confidently make our way into the DeFI, NFT and GameFi while also providing our users with a unique solution that will unify the top-tier blockchains, popular crypto assets and tools needed, all in one place.
We are making strides towards our shared goal, developing more and more advanced DeFi solutions within UMI OneApp. The UMI Jack game, the cross-chain and DEX exchanges, the multi-currency wallet, farming and staking — all these are already available and in demand with the members of our community.
All the while, we are constantly improving the existing solutions and working on new ones to make UMI and UMI OneApp even better. To give you just one example, there is some NFT functionality and an NFT marketplace in line for release soon. Also — and now we’re sharing secrets — we are already working on another UMI-based game, which we will tell more about at a later time.
Binance CEO Changpeng Zhao recently noted: “In bear markets, it is actually easier to spot the weak projects, and founders who are money driven instead of mission driven.”
We feel that the UMI ecosystem has long proven to all of the crypto world that it can withstand the crises and make it through tough times. As for our mission, it is, of course, to give you access to the best crypto solutions available on the market. We have always strived to create a truly decentralized ecosystem, and we are doing our very best to implement the plans we laid out.
To achieve the goals set, we have everything we need: an awesome team of developers, a hi-tech cryptocurrency, a loyal community — and the absolute certainty of success. We do believe that, as the range and number of UMI-based DeFI products grows, more and more crypto enthusiasts and regular people will become interested in our cryptocurrency, creating an even higher demand for it.
With that, we keep moving forward and making UMI even better, despite all the difficulties, be it past, present or future. We are certain that we will have even more reasons to be proud in a year’s time. And with your support, we are bound to succeed!
With love, as always, your UMI team!
Latest UMI news
Implementation of NFT in UMI blockchain, technical articles from developers, new version of UMI Wallet - great news that doesn't lose relevance. Watch the new video to stay on top of the latest developments in UMI life.
Liked the episode ? Share the video on social media!
https://youtu.be/EGsYiD7N2tU
Implementation of NFT in UMI blockchain, technical articles from developers, new version of UMI Wallet - great news that doesn't lose relevance. Watch the new video to stay on top of the latest developments in UMI life.
Liked the episode ? Share the video on social media!
https://youtu.be/EGsYiD7N2tU
Mini-report on the development of UMI OneApp in April-May. Plans for the future
Dear friends, we would like to share with you a mini-report on what we have recently done to develop UMI OneApp. We will also tell you about our current projects to be integrated in the near future.
So, what this is what we have been doing lately:
- We presented a new design of the game table in the UMI Jack game;
- We added a form for ideas, issues and suggestions on the UMI OneApp website;
- We added GLZ support in UMI Jack;
- We added cross-chain exchanges and finalized related documentation;
- We designed the tournament service and worked out the rules;
- We adapted UMI Jack for future tournament integration;
- We added a huge number of new tokens based on the Ethereum blockchain networks (MKR, SNX and SHIB and others) and BNB Smart Chain (1INCH, GMT and DOGE and others) to UMI OneApp.
- We systematized and added all relevant information on UMI OneApp to the Integrated Help Desk, dividing the materials into user and technical documentation.
In the course of this work, we had some difficulties which slightly delayed the launch of the services. We were forced to abandon the initial tournament architecture in order to make the functionality more load-resistant and create a universal solution for managing tournaments in various games on the UMI OneApp platform. We also encountered some difficulties in implementing cross-chain exchanges which is why we performed additional research.
Now we are:
- Working on adding another game to UMI OneApp — we will present it to you in the near future.
- Finalizing analytics on p2p exchanges and moving on to designing functionality.
- Working on the logic for the tournament admin panel and prepping to launch the long-awaited service.
- Working on adding a plugin for the UMI Wallet browser wallet to the Firefox browser extension store by analogy with the Chrome browser.
We also continue to work on improving other UMI OneApp features, including integration of the GLIZE NFT marketplace into the platform. New releases coming soon!
Love always, your UMI Team!
Dear friends, we would like to share with you a mini-report on what we have recently done to develop UMI OneApp. We will also tell you about our current projects to be integrated in the near future.
So, what this is what we have been doing lately:
- We presented a new design of the game table in the UMI Jack game;
- We added a form for ideas, issues and suggestions on the UMI OneApp website;
- We added GLZ support in UMI Jack;
- We added cross-chain exchanges and finalized related documentation;
- We designed the tournament service and worked out the rules;
- We adapted UMI Jack for future tournament integration;
- We added a huge number of new tokens based on the Ethereum blockchain networks (MKR, SNX and SHIB and others) and BNB Smart Chain (1INCH, GMT and DOGE and others) to UMI OneApp.
- We systematized and added all relevant information on UMI OneApp to the Integrated Help Desk, dividing the materials into user and technical documentation.
In the course of this work, we had some difficulties which slightly delayed the launch of the services. We were forced to abandon the initial tournament architecture in order to make the functionality more load-resistant and create a universal solution for managing tournaments in various games on the UMI OneApp platform. We also encountered some difficulties in implementing cross-chain exchanges which is why we performed additional research.
Now we are:
- Working on adding another game to UMI OneApp — we will present it to you in the near future.
- Finalizing analytics on p2p exchanges and moving on to designing functionality.
- Working on the logic for the tournament admin panel and prepping to launch the long-awaited service.
- Working on adding a plugin for the UMI Wallet browser wallet to the Firefox browser extension store by analogy with the Chrome browser.
We also continue to work on improving other UMI OneApp features, including integration of the GLIZE NFT marketplace into the platform. New releases coming soon!
Love always, your UMI Team!
https://cryptodaily.co.uk/2022/05/umi-team-accused-coinmarketcap-of-double-standard-policy
CoinMarketCap has mistakenly placed a sign on the UMI page. Let's make an effort together to get CMCs to pay attention to us. This is a normal project where developers are constantly working on the product and releasing good updates. UMI is a coin with a good development trend. The established mark is completely unjustified. It is unfair to UMI #SAVEUMI
CoinMarketCap has mistakenly placed a sign on the UMI page. Let's make an effort together to get CMCs to pay attention to us. This is a normal project where developers are constantly working on the product and releasing good updates. UMI is a coin with a good development trend. The established mark is completely unjustified. It is unfair to UMI #SAVEUMI
https://www.cryptopolitan.com/umi-vs-coinmarketcap-conflict/
Hello, I would like to see some kind of justice done. UMI Coin has received a warning on CoinMarketCap. This was not justified because the coin only has real products, like OneApp, and the addition of NFT is also forthcoming. The warning prevents the coin and the whole community from developing normally. I would be glad if this problem would be noticed and solved soon.
#SAVEUMI
Hello, I would like to see some kind of justice done. UMI Coin has received a warning on CoinMarketCap. This was not justified because the coin only has real products, like OneApp, and the addition of NFT is also forthcoming. The warning prevents the coin and the whole community from developing normally. I would be glad if this problem would be noticed and solved soon.
#SAVEUMI
Hello. Thank you for your support of our efforts in restoring justice and removing false notification about UMI on CoinMarketCap. We have already noticed some progress in resolving this issue. Thanks to a broad response to our open letter, several media publications and support from our community, the CMC team has finally begun to review our request.
Unfortunately, they have not given us any timeframe on how long the reviewing process will take. But we are glad that the situation is moving forward and will make sure that it is resolved no matter what. We will update our community about any changes in this situation ASAP.
And thank you once again for your support!
#SAVEUMI
What will tournaments be like in UMI Jack?
Dear friends, we work on improving UMI Jack every day. Today, we’d like to share some details about the weekly tournaments among players, to be added in one of the future updates.
According to the plan, tournaments will be held each Friday (isn’t the end of the working week the best timing?!).
To take part in the tournament, you will need to make a certain contribution in UMI.
Tournament addresses will be displayed to everyone — so you will be able to see the prize pool of each tournament.
Part of the prize pool will be burned for a positive impact on the UMI tokenomics.
The remaining coins will be transferred to the tournament winner’s address.
The tournament itself will be based on the Olympic system (knockout game): the loser is immediately eliminated and the winner of the match-up plays in the next round against the winner of another match-up. The tournament lasts until only one winner remains. They scoop the entire pool.
We know you want to play right now and hit the jackpot. We’re also looking forward to the day when we can launch this new functionality. The actual release of the tournaments is expected in mid-summer — but a few more nice surprises will be there for you even before that.
We carry on. Love, UMI Team!
Dear friends, we work on improving UMI Jack every day. Today, we’d like to share some details about the weekly tournaments among players, to be added in one of the future updates.
According to the plan, tournaments will be held each Friday (isn’t the end of the working week the best timing?!).
To take part in the tournament, you will need to make a certain contribution in UMI.
Tournament addresses will be displayed to everyone — so you will be able to see the prize pool of each tournament.
Part of the prize pool will be burned for a positive impact on the UMI tokenomics.
The remaining coins will be transferred to the tournament winner’s address.
The tournament itself will be based on the Olympic system (knockout game): the loser is immediately eliminated and the winner of the match-up plays in the next round against the winner of another match-up. The tournament lasts until only one winner remains. They scoop the entire pool.
We know you want to play right now and hit the jackpot. We’re also looking forward to the day when we can launch this new functionality. The actual release of the tournaments is expected in mid-summer — but a few more nice surprises will be there for you even before that.
We carry on. Love, UMI Team!
https://cryptodaily.co.uk/2022/05/umi-team-accused-coinmarketcap-of-double-standard-policy
CoinMarketCap has mistakenly placed a sign on the UMI page. Let's make an effort together to get CMCs to pay attention to us. This is a normal project where developers are constantly working on the product and releasing good updates. UMI is a coin with a good development trend. The established mark is completely unjustified. It is unfair to UMI #SAVEUMI
CoinMarketCap has mistakenly placed a sign on the UMI page. Let's make an effort together to get CMCs to pay attention to us. This is a normal project where developers are constantly working on the product and releasing good updates. UMI is a coin with a good development trend. The established mark is completely unjustified. It is unfair to UMI #SAVEUMI
https://www.cryptopolitan.com/umi-vs-coinmarketcap-conflict/
Hello, I would like to see some kind of justice done. UMI Coin has received a warning on CoinMarketCap. This was not justified because the coin only has real products, like OneApp, and the addition of NFT is also forthcoming. The warning prevents the coin and the whole community from developing normally. I would be glad if this problem would be noticed and solved soon.
#SAVEUMI
Hello, I would like to see some kind of justice done. UMI Coin has received a warning on CoinMarketCap. This was not justified because the coin only has real products, like OneApp, and the addition of NFT is also forthcoming. The warning prevents the coin and the whole community from developing normally. I would be glad if this problem would be noticed and solved soon.
#SAVEUMI
Public call to the Administration of CoinMarketCap
With this public call, the UMI blockchain development team once again requests CoinMarketCap to take notice of the unjustified alert on the UMI coin monitor page at https://coinmarketcap.com/currencies/umi/markets/ dated November 2021, which reads, “The Central Bank of the Russian Federation has issued a warning that the ROY Club (UMI) has signs of a ponzi scheme.” Here’s what it looks like:
It is unjustified because the ROY Club and UMI projects are equated.
UMI is not a ROY Club project, and vice versa — ROY Club is not a UMI project. These projects have different development teams, different beneficiaries and stakeholders.
The ROY Club used the UMI cryptocurrency as an asset along with, for example, the PRIZM coin (https://coinmarketcap.com/currencies/prizm/). Nevertheless, PRIZM does not have the same alert as UMI, with reference to the Russian regulator. Meanwhile, the official message of the regulator only references UMI and PRIZM in domain names “umi-club.ru” and “prizm-club.ru” which have never been owned or used by UMI.
Besides, the message of the regulator (https://cbr.ru/inside/warning-list/detail/?id=6823) clearly defined the “name, service mark, commercial designation and other means of individualization of a person” — “ROY Club” and “Roy Club”. The name “UMI” is not included in the warning issued by the Central Bank of the Russian Federation. This is how the warning of the Central Bank of the Russian Federation looks like:
The UMI team has repeatedly appealed to the CoinMarketCap Administration with legal requests, trying to resolve the current situation or at least get a clear and reasonable response. After all, it is only logical to expect an adequate response to official requests from “the world’s most popular website for tracking prices for crypto assets in the context of the rapid growth of the cryptocurrency industry” (as CoinMarketCap positions itself).
First, the above selectiveness of the CoinMarketCap aggregator in relation to the UMI coin is hard to comprehend since the aggregator must be impartial and avoid giving preferences to anyone, as CoinMarketCap declares on its website (for example, https://coinmarketcap.com/about/). It is obvious that an impartial and independent aggregator should not unreasonably post false information about any assets. In relation to the UMI coin, however, we can see that CoinMarketCap behaves contrary to what it publicly declares.
Second, in the light of the violation of all conceivable norms of international law by the Russian Federation and its unleashing of an aggressive war – an attack on the neighboring Ukraine – the Central Bank of the Russian Federation, as a financial institution that fully supports the criminal foreign policy of the Russian Federation, does not look (and has never looked, in the light of the oppression of the rights and freedoms within the Russian Federation) as a respected and trustworthy regulator. We believe that in this light, CoinMarketCap is not an impartial aggregator and acts under pressure from Binance Capital Mgmt and the Central Bank of the Russian Federation – this unfair abuse of centralization in the cryptocurrency sector does not only fail to strengthen the vision of promoting the idea of crypto revolution and ensuring transparency of the crypto industry declared by CoinMarketCap, but also discredits it.
Thirdly, the current collapse of the crypto market, including the fall of Terra (LUNA) by more than 99.9% (more than 1,000 times) in just a couple of days (more than UMI has ever seen) and the collapse of the UST stablecoin, which dropped below $0.17 at one point, vividly demonstrates the price vulnerability of the entire crypto market. Unfortunately, absolutely any asset can lose in value, and critically so — not only UMI. However, LUNA, UST and other collapsed assets do not have such a mark on Coinmarketcap, while we do. How is this fair? Quite unfair, at the very least.
We, the UMI team, have done everything in our power to reach the CoinMarketCap Administration and are extremely saddened by the current situation. We believe that we have the right to draw the attention of the general public to this issue. We hope that this way we will be able to understand the real position of CoinMarketCap, to prevent unjustified actions on the part of popular and trusted aggregators of crypto industry data, which could potentially be directed to any of the blockchain projects in the future.
Link to article Crypto Daily:
https://cryptodaily.co.uk/2022/05/umi-team-accused-coinmarketcap-of-double-standard-policy
Link to article Cryptopolitan:
https://www.cryptopolitan.com/umi-vs-coinmarketcap-conflict/
#SAVEUMI
With this public call, the UMI blockchain development team once again requests CoinMarketCap to take notice of the unjustified alert on the UMI coin monitor page at https://coinmarketcap.com/currencies/umi/markets/ dated November 2021, which reads, “The Central Bank of the Russian Federation has issued a warning that the ROY Club (UMI) has signs of a ponzi scheme.” Here’s what it looks like:
It is unjustified because the ROY Club and UMI projects are equated.
UMI is not a ROY Club project, and vice versa — ROY Club is not a UMI project. These projects have different development teams, different beneficiaries and stakeholders.
The ROY Club used the UMI cryptocurrency as an asset along with, for example, the PRIZM coin (https://coinmarketcap.com/currencies/prizm/). Nevertheless, PRIZM does not have the same alert as UMI, with reference to the Russian regulator. Meanwhile, the official message of the regulator only references UMI and PRIZM in domain names “umi-club.ru” and “prizm-club.ru” which have never been owned or used by UMI.
Besides, the message of the regulator (https://cbr.ru/inside/warning-list/detail/?id=6823) clearly defined the “name, service mark, commercial designation and other means of individualization of a person” — “ROY Club” and “Roy Club”. The name “UMI” is not included in the warning issued by the Central Bank of the Russian Federation. This is how the warning of the Central Bank of the Russian Federation looks like:
The UMI team has repeatedly appealed to the CoinMarketCap Administration with legal requests, trying to resolve the current situation or at least get a clear and reasonable response. After all, it is only logical to expect an adequate response to official requests from “the world’s most popular website for tracking prices for crypto assets in the context of the rapid growth of the cryptocurrency industry” (as CoinMarketCap positions itself).
First, the above selectiveness of the CoinMarketCap aggregator in relation to the UMI coin is hard to comprehend since the aggregator must be impartial and avoid giving preferences to anyone, as CoinMarketCap declares on its website (for example, https://coinmarketcap.com/about/). It is obvious that an impartial and independent aggregator should not unreasonably post false information about any assets. In relation to the UMI coin, however, we can see that CoinMarketCap behaves contrary to what it publicly declares.
Second, in the light of the violation of all conceivable norms of international law by the Russian Federation and its unleashing of an aggressive war – an attack on the neighboring Ukraine – the Central Bank of the Russian Federation, as a financial institution that fully supports the criminal foreign policy of the Russian Federation, does not look (and has never looked, in the light of the oppression of the rights and freedoms within the Russian Federation) as a respected and trustworthy regulator. We believe that in this light, CoinMarketCap is not an impartial aggregator and acts under pressure from Binance Capital Mgmt and the Central Bank of the Russian Federation – this unfair abuse of centralization in the cryptocurrency sector does not only fail to strengthen the vision of promoting the idea of crypto revolution and ensuring transparency of the crypto industry declared by CoinMarketCap, but also discredits it.
Thirdly, the current collapse of the crypto market, including the fall of Terra (LUNA) by more than 99.9% (more than 1,000 times) in just a couple of days (more than UMI has ever seen) and the collapse of the UST stablecoin, which dropped below $0.17 at one point, vividly demonstrates the price vulnerability of the entire crypto market. Unfortunately, absolutely any asset can lose in value, and critically so — not only UMI. However, LUNA, UST and other collapsed assets do not have such a mark on Coinmarketcap, while we do. How is this fair? Quite unfair, at the very least.
We, the UMI team, have done everything in our power to reach the CoinMarketCap Administration and are extremely saddened by the current situation. We believe that we have the right to draw the attention of the general public to this issue. We hope that this way we will be able to understand the real position of CoinMarketCap, to prevent unjustified actions on the part of popular and trusted aggregators of crypto industry data, which could potentially be directed to any of the blockchain projects in the future.
Link to article Crypto Daily:
https://cryptodaily.co.uk/2022/05/umi-team-accused-coinmarketcap-of-double-standard-policy
Link to article Cryptopolitan:
https://www.cryptopolitan.com/umi-vs-coinmarketcap-conflict/
#SAVEUMI
UMI Jack - play and earn
We have launched the first game on the UMI blockchain in the Play-to-Earn format. Watch our new video to learn about all the nuances of the new product. This episode is also dedicated to games on the Ethereum blockchain, which can also be used as one of the ways to increase crypto assets!
https://youtu.be/IoMaiO9uRyo
We have launched the first game on the UMI blockchain in the Play-to-Earn format. Watch our new video to learn about all the nuances of the new product. This episode is also dedicated to games on the Ethereum blockchain, which can also be used as one of the ways to increase crypto assets!
https://youtu.be/IoMaiO9uRyo
UMI-based SocialFi — opportunity to get cryptocurrency in exchange for content
SocialFi is one of the most innovative sectors combining the best practices of the crypto market and the social media.
Decentralized social networks based on the blockchain have become particularly popular after numerous scandals with Meta (formerly Facebook). Over the years, this social network has been accused of selling user data to marketing companies, spreading fakes and leakage of data on 90 million users.
Today, the user base of the social media includes about 4.55 billion people (!), with Meta alone accounting for 2.5–2.9 billion active users per month, according to various estimates. All these people might potentially fall victim to the issues described above.
At the same time, these risks could be mitigated via blockchain-based social media which also offer multiple new opportunities and advantages, including:
- Protection of user data stored in the blockchain;
- No centralized content censorship;
- New opportunities for content monetization through a donation system based on cryptocurrencies;
- NFT integration which opens up new opportunities for both users and artists.
Moreover, it is quite likely that SocialFi will become one of the key development vectors for the mass introduction of crypto technologies into everyday life, and UMI could become an important player in this market. See for yourselves:
UMI offers totally free and instant transactions allowing you to implement various blockchain-based projects.
UMI can execute smart contracts of any complexity level allowing you to launch various SocialFi products.
The UMI blockchain is decentralized and secure — users of the future social networks do not need to worry about the safety and privacy of their confidential data.
Thus, SocialFi is one of the many areas that we intend to develop within UMI OneApp. Our plans for the future include a few interesting products:
- U-Messenger — a simple, secure and fast cryptomessenger based on the UMI blockchain. Users will be able to use it to exchange encrypted messages, as well as make money transfers.
- U-Media — a decentralized platform for combining media resources of varying formats and topics.
- U-Donation — a system for collecting donations for any needs: for yourself or the community.
- U-SocialCapital — a reputation system allowing you to access various services and participate in voting when making important decisions.
Thanks to the high-tech nature and decentralization of the UMI blockchain, we can create a unique platform for communication, content and information exchange, video streaming, and socialization. Integration with the UMI donation system will provide additional incentives for content creators to join the innovative environment and grow.
We continue to work on improving UMI OneApp in accordance with the Manifest — https://umi.top/OneApp_en.pdf.
Stay with us. Yours, UMI Team!
SocialFi is one of the most innovative sectors combining the best practices of the crypto market and the social media.
Decentralized social networks based on the blockchain have become particularly popular after numerous scandals with Meta (formerly Facebook). Over the years, this social network has been accused of selling user data to marketing companies, spreading fakes and leakage of data on 90 million users.
Today, the user base of the social media includes about 4.55 billion people (!), with Meta alone accounting for 2.5–2.9 billion active users per month, according to various estimates. All these people might potentially fall victim to the issues described above.
At the same time, these risks could be mitigated via blockchain-based social media which also offer multiple new opportunities and advantages, including:
- Protection of user data stored in the blockchain;
- No centralized content censorship;
- New opportunities for content monetization through a donation system based on cryptocurrencies;
- NFT integration which opens up new opportunities for both users and artists.
Moreover, it is quite likely that SocialFi will become one of the key development vectors for the mass introduction of crypto technologies into everyday life, and UMI could become an important player in this market. See for yourselves:
UMI offers totally free and instant transactions allowing you to implement various blockchain-based projects.
UMI can execute smart contracts of any complexity level allowing you to launch various SocialFi products.
The UMI blockchain is decentralized and secure — users of the future social networks do not need to worry about the safety and privacy of their confidential data.
Thus, SocialFi is one of the many areas that we intend to develop within UMI OneApp. Our plans for the future include a few interesting products:
- U-Messenger — a simple, secure and fast cryptomessenger based on the UMI blockchain. Users will be able to use it to exchange encrypted messages, as well as make money transfers.
- U-Media — a decentralized platform for combining media resources of varying formats and topics.
- U-Donation — a system for collecting donations for any needs: for yourself or the community.
- U-SocialCapital — a reputation system allowing you to access various services and participate in voting when making important decisions.
Thanks to the high-tech nature and decentralization of the UMI blockchain, we can create a unique platform for communication, content and information exchange, video streaming, and socialization. Integration with the UMI donation system will provide additional incentives for content creators to join the innovative environment and grow.
We continue to work on improving UMI OneApp in accordance with the Manifest — https://umi.top/OneApp_en.pdf.
Stay with us. Yours, UMI Team!
New UMI transaction type. Everything you need for decentralized exchange
The realm of DeFi (decentralized finance) and DEXs (decentralized exchanges) as its significant part have existed for quite a long time; however, practically all the popular platforms are now using the same set of tools. We decided to follow a different route and develop our unique decentralized exchange solution: a new mempool for atomic exchanges within the UMI blockchain and a new transaction type called “exchange”.
The “exchange” transaction type allows for creation of transactions to directly exchange various types of crypto assets directly within the UMI blockchain. For example, your can exchange UMI for GLZ, or GLZ for uBTC (a synthetic bitcoin that will be added into the blockchain later). Essentially, within the UMI network, you’ll be able to work with any tokens, whatever thei might be in the future.
1. First, the maker specifies the wallet address and the number of coins to send, as well as the address and the amount of any other crypto assets they would like to receive in exchange. And then clicks on “Publish transaction in mempool”.
2. The taker then chooses the transaction they need from the mempool, adds their wallets’ addresses for the respective coins/tokens, signs the transaction with their private key (using their mnemonic phrase), and then sends it into the network.
When the transaction is successfully confirmed, it is written into the additional storage, and a master node creates two surrogate transactions in the main blockchain: exchangeWitness.
In other words, an “exchange” transaction is similar to a limit order, with the UMI mempool acting as the order book. Consequently, the UMI network itself becomes a full-fledged decentralized exchange.
We would like to note here that to create the new mempool, we had to create a new protocol to synchronize it both ways. This was needed because atomic swaps, among other things, will also become the foundation of the future integration of farming and liquidity pools.
We have also provided for decentralized NFT trade. We’ll get into the details on that in our future posts.
The realm of DeFi (decentralized finance) and DEXs (decentralized exchanges) as its significant part have existed for quite a long time; however, practically all the popular platforms are now using the same set of tools. We decided to follow a different route and develop our unique decentralized exchange solution: a new mempool for atomic exchanges within the UMI blockchain and a new transaction type called “exchange”.
The “exchange” transaction type allows for creation of transactions to directly exchange various types of crypto assets directly within the UMI blockchain. For example, your can exchange UMI for GLZ, or GLZ for uBTC (a synthetic bitcoin that will be added into the blockchain later). Essentially, within the UMI network, you’ll be able to work with any tokens, whatever thei might be in the future.
1. First, the maker specifies the wallet address and the number of coins to send, as well as the address and the amount of any other crypto assets they would like to receive in exchange. And then clicks on “Publish transaction in mempool”.
2. The taker then chooses the transaction they need from the mempool, adds their wallets’ addresses for the respective coins/tokens, signs the transaction with their private key (using their mnemonic phrase), and then sends it into the network.
When the transaction is successfully confirmed, it is written into the additional storage, and a master node creates two surrogate transactions in the main blockchain: exchangeWitness.
In other words, an “exchange” transaction is similar to a limit order, with the UMI mempool acting as the order book. Consequently, the UMI network itself becomes a full-fledged decentralized exchange.
We would like to note here that to create the new mempool, we had to create a new protocol to synchronize it both ways. This was needed because atomic swaps, among other things, will also become the foundation of the future integration of farming and liquidity pools.
We have also provided for decentralized NFT trade. We’ll get into the details on that in our future posts.
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