Attention: how UMI can be stolen via phishing
Dear friends, with the growing popularity of UMI, there are more and more scammers whose goal is stealing users' coins. Most often, thefts happen on phishing sites — these are sites that copy the original wallet page https://wallet.umi.top/.
When a user opens a fraudulent phishing site and enters the mnemonic phrase, hackers snatch it and immediately steal the victim's cryptocurrency.
Therefore, we strongly recommend you check the address bar every time to make sure the site address is entered correctly.
The only official UMI wallet is located at the following address — https://wallet.umi.top/.
All other variations of this address are fraudulent.
Always check the address in your browser before entering your mnemonic phrase.
Sincerely, UMI Team. Secure your coins!
Topic: [UMI] UMI — Universal Money Instrument - page 6. (Read 3288 times)
One of the most popular strategies for traders on the crypto market is arbitrage trading.
Here’s how it works.
Arbitrage trading is buying a cryptocurrency on one exchange and selling it on another for profit. Due to various factors, the price of cryptocurrency on different exchanges may differ. And since some coins can be transferred quickly and with minimal fees, arbitrage trading opportunities arise.
For example, thanks to the listing of UMI on BTC-Alpha, users also have the opportunity to arbitrage trading:
- Suppose the UMI price on BTC-Alpha is $ 1;
- And the price of UMI on SIGE[Suspicious link removed]o is $ 1.1.
- The user can buy UMI on BTC-Alpha, transfer to SIGE[Suspicious link removed]o and sell there, receiving the difference between the purchase price and the sale price.
A key factor in successful arbitrage trading is the ability to perform fast and cheap transactions.
And in the UMI network, transactions are instant and absolutely free, which makes the coin incredibly attractive for trading!
Here’s how it works.
Arbitrage trading is buying a cryptocurrency on one exchange and selling it on another for profit. Due to various factors, the price of cryptocurrency on different exchanges may differ. And since some coins can be transferred quickly and with minimal fees, arbitrage trading opportunities arise.
For example, thanks to the listing of UMI on BTC-Alpha, users also have the opportunity to arbitrage trading:
- Suppose the UMI price on BTC-Alpha is $ 1;
- And the price of UMI on SIGE[Suspicious link removed]o is $ 1.1.
- The user can buy UMI on BTC-Alpha, transfer to SIGE[Suspicious link removed]o and sell there, receiving the difference between the purchase price and the sale price.
A key factor in successful arbitrage trading is the ability to perform fast and cheap transactions.
And in the UMI network, transactions are instant and absolutely free, which makes the coin incredibly attractive for trading!
UMI, like other cryptocurrencies, is becoming more and more popular every day among ordinary people around the world.
And there are many objective reasons for this. For example, when conducting transactions using cryptocurrencies, you get a number of advantages over bank transfers. Among them:
- freedom from high banking costs
- freedom from transfer limits
- freedom from nasty suspicions and pesky identity checks
In short, cryptocurrencies are freedom. This is a real revolution that makes a person independent from financial institutions and their policies! 🙌
But UMI goes even further, providing its users with unique opportunities.
Read more in our article:
https://blog.umi.top/?p=1752
And there are many objective reasons for this. For example, when conducting transactions using cryptocurrencies, you get a number of advantages over bank transfers. Among them:
- freedom from high banking costs
- freedom from transfer limits
- freedom from nasty suspicions and pesky identity checks
In short, cryptocurrencies are freedom. This is a real revolution that makes a person independent from financial institutions and their policies! 🙌
But UMI goes even further, providing its users with unique opportunities.
Read more in our article:
https://blog.umi.top/?p=1752
Data update on CoinMarketCap and CoinGecko
Dear friends, as promised, top aggregators of crypto market data — CoinMarketCap and CoinGecko — have started updating information about UMI:
UMI status has been successfully changed from token to coin since UMI is a cryptocurrency with its own blockchain.
Information on UMI/USD trading volumes on the BTC-Alpha exchange has been added.
Information about the coin has been partially updated/added.
We emphasize again that the addition of UMI to CoinMarketCap and CoinGecko will significantly increase the credibility of the coin and will have a positive impact on its reputation and growth since millions of users around the world rely on these aggregators of crypto market data every day.
- UMI on CoinMarketCap — https://coinmarketcap.com/currencies/umi/
- UMI on CoinGecko — https://coingecko.com/en/coins/umi
Moving on, your UMI Team!
Dear friends, as promised, top aggregators of crypto market data — CoinMarketCap and CoinGecko — have started updating information about UMI:
UMI status has been successfully changed from token to coin since UMI is a cryptocurrency with its own blockchain.
Information on UMI/USD trading volumes on the BTC-Alpha exchange has been added.
Information about the coin has been partially updated/added.
We emphasize again that the addition of UMI to CoinMarketCap and CoinGecko will significantly increase the credibility of the coin and will have a positive impact on its reputation and growth since millions of users around the world rely on these aggregators of crypto market data every day.
- UMI on CoinMarketCap — https://coinmarketcap.com/currencies/umi/
- UMI on CoinGecko — https://coingecko.com/en/coins/umi
Moving on, your UMI Team!
What would be the max supply of UMI?
UMI emission is unlimited. Coins are growing thanks to staking at a rate of up to 40% per month. The staking percentage depends on the number of UMIs that are in the staking structure. At the moment, the maximum percentage in the ROY Club is 32% per month. Full info with staking percentages:
https://i.imgur.com/yTP4FBl.png
More info about staking here: https://umi.top/staking
Best Regards, UMI team!
What would be the max supply of UMI?
UMI Added to CoinMarketCap and CoinGecko!
Dear friends, the UMI coin continues to develop on all fronts, and we are reaping the fruits of our hard work with dignity. We have amazing news for you!
The UMI cryptocurrency has been added to CoinMarketCap (CMC), the world’s No. 1 crypto market data aggregator. This is the world’s largest, most popular and truly leading portal on cryptocurrencies!
The UMI coin has also been officially added to CoinGecko — another most popular and largest cryptocurrency data aggregator with a huge number of users from all around the world!
The daily number of traders and investors using these largest crypto analytical services amounts to dozens of millions of people. This means that a huge number of potential users from different parts of the world will learn about our coin!
UMI on CoinMarketCap — https://coinmarketcap.com/currencies/umi/
UMI on CoinGecko — https://coingecko.com/en/coins/umi
P. S. It’s just been added to the listing so some information is still displayed incorrectly. For example, on CoinMarketCap, UMI is erroneously designated as a token, and the data on the coin and its trading volumes are still incomplete on both platforms. However, all this will be fixed in the near future and we will definitely inform you about the changes.
Congratulations on the great news and a sincere thanks for your support.
Moving on, your UMI Team!
Dear friends, the UMI coin continues to develop on all fronts, and we are reaping the fruits of our hard work with dignity. We have amazing news for you!
The UMI cryptocurrency has been added to CoinMarketCap (CMC), the world’s No. 1 crypto market data aggregator. This is the world’s largest, most popular and truly leading portal on cryptocurrencies!
The UMI coin has also been officially added to CoinGecko — another most popular and largest cryptocurrency data aggregator with a huge number of users from all around the world!
The daily number of traders and investors using these largest crypto analytical services amounts to dozens of millions of people. This means that a huge number of potential users from different parts of the world will learn about our coin!
UMI on CoinMarketCap — https://coinmarketcap.com/currencies/umi/
UMI on CoinGecko — https://coingecko.com/en/coins/umi
P. S. It’s just been added to the listing so some information is still displayed incorrectly. For example, on CoinMarketCap, UMI is erroneously designated as a token, and the data on the coin and its trading volumes are still incomplete on both platforms. However, all this will be fixed in the near future and we will definitely inform you about the changes.
Congratulations on the great news and a sincere thanks for your support.
Moving on, your UMI Team!
UMI Added to BTC-Alpha
New horizons opening up!
Dear friends, we’re happy to announce UMI has been successfully added to the BTC-Alpha exchange. Our coin has rapidly become the leader in the social listing and collected the required number of votes from users. It confirms once again a huge demand for the coin in the crypto community.
You can already deposit UMI on BTC-Alpha, and trading will start a little later.
Even though we were not the ones who initiated this listing due to the partnership with SIGE[Suspicious link removed]o, it’s still a step forward for us:
- Now more people will know about the coin — BTC-Alpha has over 350,000 active users.
- UMI liquidity and trading volume will grow. They are quite high already and will grow further.
- Now UMI meets CoinMarketCap requirement of being listed on at least two exchanges and will be added to this platform in due time. It’ll make UMI even more popular!
Listing UMI on new exchanges is another step in developing the cryptocurrency. It opens up completely new horizons for us. We’re only moving forward!
https://btc-alpha.com/
Sincerely, UMI Team!
New horizons opening up!
Dear friends, we’re happy to announce UMI has been successfully added to the BTC-Alpha exchange. Our coin has rapidly become the leader in the social listing and collected the required number of votes from users. It confirms once again a huge demand for the coin in the crypto community.
You can already deposit UMI on BTC-Alpha, and trading will start a little later.
Even though we were not the ones who initiated this listing due to the partnership with SIGE[Suspicious link removed]o, it’s still a step forward for us:
- Now more people will know about the coin — BTC-Alpha has over 350,000 active users.
- UMI liquidity and trading volume will grow. They are quite high already and will grow further.
- Now UMI meets CoinMarketCap requirement of being listed on at least two exchanges and will be added to this platform in due time. It’ll make UMI even more popular!
Listing UMI on new exchanges is another step in developing the cryptocurrency. It opens up completely new horizons for us. We’re only moving forward!
https://btc-alpha.com/
Sincerely, UMI Team!
UMI Growing Rapidly on Chinese Market!
Friends, we're continuing to share information about how UMI is conquering the world market with you.
After the coin celebrated its first anniversary, we've seen growing user activity in China. Users and top opinion leaders now see all advantages of UMI that are openly talked about in social media in videos like this:
https://youtu.be/WDRXBbO-cUc
As we said so many times, cryptocurrencies are the future. Unique technologies allow us to unite the world and make it a better place.
Today, UMI is one of the most high tech and promising cryptocurrencies!
As you can see, more and more people from different countries learn about UMI, see advantages of this coin and actively use it. This trend is already on, and can it be stopped.
UMI is the future that is already here.
Friends, we're continuing to share information about how UMI is conquering the world market with you.
After the coin celebrated its first anniversary, we've seen growing user activity in China. Users and top opinion leaders now see all advantages of UMI that are openly talked about in social media in videos like this:
https://youtu.be/WDRXBbO-cUc
As we said so many times, cryptocurrencies are the future. Unique technologies allow us to unite the world and make it a better place.
Today, UMI is one of the most high tech and promising cryptocurrencies!
As you can see, more and more people from different countries learn about UMI, see advantages of this coin and actively use it. This trend is already on, and can it be stopped.
UMI is the future that is already here.
New Awesome Video About UMI
Dear friends! We have translated the awesome video, which was first presented at UMI’s first anniversary celebration, to multiple languages and uploaded it to our channels. What is freedom, what it takes to think big and become fully independent? Anything’s possible with UMI!
It’s a must-see: https://youtu.be/FR2Hkd_Rl2k
Dear friends! We have translated the awesome video, which was first presented at UMI’s first anniversary celebration, to multiple languages and uploaded it to our channels. What is freedom, what it takes to think big and become fully independent? Anything’s possible with UMI!
It’s a must-see: https://youtu.be/FR2Hkd_Rl2k
If you want to start mining BTC, then first you need to buy expensive equipment, then find a place to install it. And with this, problems also arise, because this equipment is very noisy, heats up and requires a lot of electricity.
You also need to understand the special programs that are installed for mining. This is all very complicated.
Ethereum has a similar situation, only with the equipment it is easier, because it is now being mined on video cards.
In the case of UMI, technologies are used that make it possible to create coins as simply and safely as possible.
All you need to do is create your own wallet and use it to add cryptocurrency to one of the staking pools of your choice.
Further, UMIs will be generated by themselves at a rate of up to 40% per month, and you will not have to do anything else.
Moreover, you can withdraw coins from staking at any time and send or sell somewhere. And only you have access to your coins!
UMI — control your cryptocurrency!
You also need to understand the special programs that are installed for mining. This is all very complicated.
Ethereum has a similar situation, only with the equipment it is easier, because it is now being mined on video cards.
In the case of UMI, technologies are used that make it possible to create coins as simply and safely as possible.
All you need to do is create your own wallet and use it to add cryptocurrency to one of the staking pools of your choice.
Further, UMIs will be generated by themselves at a rate of up to 40% per month, and you will not have to do anything else.
Moreover, you can withdraw coins from staking at any time and send or sell somewhere. And only you have access to your coins!
UMI — control your cryptocurrency!
UMI Buy Wall Placed at 365 BTC: What It Is and Where to View It
Many crypto users are afraid of the high volatility that is characteristic of cryptocurrencies. Cryptocurrency price can both surge and drop which, at the very least, raises unpleasant emotions in its holders. We’d like to emphasize that this applies to all cryptocurrencies, not just UMI.
To solve this problem, we set up a wall of orders to buy UMI at a price of $ 0.95 in the amount of 365 BTC (about $15 million at the current bitcoin price of about $40,000).
If you are wondering “where can I view this wall?”, look for the answer below.
What is a “buy wall”?
First you need to understand what an order book is.
Order book is a stock trading term which means a set of orders to buy or sell cryptocurrency. For example, if we go to SIGEN. pro exchange — https://sigen. pro/trading/UMI_BTC, below the graph we will see a list of offers to buy or sell UMI at a certain price:
The area where all buy and sell orders are displayed is called the order book.
Wall is also a stock trading term. It is used to indicate a particularly large offer to buy or sell an asset from the order book. In our case, this is the offer to buy UMI worth of 365 BTC.
Where can you view the UMI buy wall?
The UMI buy wall amounting to 365 BTC was created at SIGEN. pro cryptocurrency exchange. You can view it in the order book.
- Go to the exchange website — https://sigen. pro/trading/UMI_BTC.
- Scroll down the order book.
This is the wall:
You can also look at the total cost of all buy offers because, apart from this large order, there are other orders created by users. You can see the total cost of all buy and sell offers just above the order book:
Keep in mind, however, that in this case it’s only SIGEN. pro cryptocurrency exchange. In addition to the exchange, SIGEN. pro also has a P2P platform where there is another wall created by our partners – leaders of the ROY Club.
You can view the total amount of all buy and sell offers on the UMI website in the Liquidity menu — https://umi.top/ru/liquidity:
This is where it is best to view the cost of all buy and sell offers because:
- Here, liquidity data is pooled from three platforms: SIGEN. pro exchange and P2P platform as well as Crypto-by-Card platform;
- All amounts are displayed in dollars.
How does the wall protect UMI price from falling?
UMI buy wall ensures that even if an individual or a group holding a very large amount of coins wants to sell them instantly, they will be able to do so using the large buy offer, and the price will not fall below this value.
As you can see for yourself, the order offers to buy over 15 million UMI at a price of $0.95. Today, there is no single address that would hold such a large amount. You can see this for yourself by reviewing address monitoring data in the UMI blockchain — https://blockchain.umi.top/ru/addresses.
Moreover, even if all of the TOP 50 addresses with the LARGEST UMI balances want to SIMULTANEOUSLY sell ALL cryptocurrency on SIGE[Suspicious link removed]o, they won’t be able to bring the price below $0.95.
Anyone can use the wall to sell any amount in UMI coins at a price of $0.95.
At the same time, we’d like to emphasize that UMI has been and remains a highly liquid and popular coin with a trading turnover of about $3-5 million per day https://umi.top/ru/volumes.
Many crypto users are afraid of the high volatility that is characteristic of cryptocurrencies. Cryptocurrency price can both surge and drop which, at the very least, raises unpleasant emotions in its holders. We’d like to emphasize that this applies to all cryptocurrencies, not just UMI.
To solve this problem, we set up a wall of orders to buy UMI at a price of $ 0.95 in the amount of 365 BTC (about $15 million at the current bitcoin price of about $40,000).
If you are wondering “where can I view this wall?”, look for the answer below.
What is a “buy wall”?
First you need to understand what an order book is.
Order book is a stock trading term which means a set of orders to buy or sell cryptocurrency. For example, if we go to SIGEN. pro exchange — https://sigen. pro/trading/UMI_BTC, below the graph we will see a list of offers to buy or sell UMI at a certain price:
The area where all buy and sell orders are displayed is called the order book.
Wall is also a stock trading term. It is used to indicate a particularly large offer to buy or sell an asset from the order book. In our case, this is the offer to buy UMI worth of 365 BTC.
Where can you view the UMI buy wall?
The UMI buy wall amounting to 365 BTC was created at SIGEN. pro cryptocurrency exchange. You can view it in the order book.
- Go to the exchange website — https://sigen. pro/trading/UMI_BTC.
- Scroll down the order book.
This is the wall:
You can also look at the total cost of all buy offers because, apart from this large order, there are other orders created by users. You can see the total cost of all buy and sell offers just above the order book:
Keep in mind, however, that in this case it’s only SIGEN. pro cryptocurrency exchange. In addition to the exchange, SIGEN. pro also has a P2P platform where there is another wall created by our partners – leaders of the ROY Club.
You can view the total amount of all buy and sell offers on the UMI website in the Liquidity menu — https://umi.top/ru/liquidity:
This is where it is best to view the cost of all buy and sell offers because:
- Here, liquidity data is pooled from three platforms: SIGEN. pro exchange and P2P platform as well as Crypto-by-Card platform;
- All amounts are displayed in dollars.
How does the wall protect UMI price from falling?
UMI buy wall ensures that even if an individual or a group holding a very large amount of coins wants to sell them instantly, they will be able to do so using the large buy offer, and the price will not fall below this value.
As you can see for yourself, the order offers to buy over 15 million UMI at a price of $0.95. Today, there is no single address that would hold such a large amount. You can see this for yourself by reviewing address monitoring data in the UMI blockchain — https://blockchain.umi.top/ru/addresses.
Moreover, even if all of the TOP 50 addresses with the LARGEST UMI balances want to SIMULTANEOUSLY sell ALL cryptocurrency on SIGE[Suspicious link removed]o, they won’t be able to bring the price below $0.95.
Anyone can use the wall to sell any amount in UMI coins at a price of $0.95.
At the same time, we’d like to emphasize that UMI has been and remains a highly liquid and popular coin with a trading turnover of about $3-5 million per day https://umi.top/ru/volumes.
One of the features of Bitcoin is a pre-programmed algorithm for creating new coins.
However, not all cryptocurrencies have followed this path. For example, the emission of the same Ethereum is set by the developers. Moreover, miners are not able to resist this.
Initially, Ethereum miners received 5 ETH per block + commission. Then the developers decided that this was too much and cut the reward to 3 ETH. Then they cut it again — to 2 ETH, and now they want to exclude commissions from the reward.
In this case, UMI adopted the experience of Bitcoin and developed its own pre-programmed algorithm for creating new coins — a smart contract for staking.
Moreover, users can create new UMIs without much effort: they just need to place their coins in one of the staking structures. Further, the cryptocurrency will multiply at a rate of up to 40% per month right in the wallet.
However, not all cryptocurrencies have followed this path. For example, the emission of the same Ethereum is set by the developers. Moreover, miners are not able to resist this.
Initially, Ethereum miners received 5 ETH per block + commission. Then the developers decided that this was too much and cut the reward to 3 ETH. Then they cut it again — to 2 ETH, and now they want to exclude commissions from the reward.
In this case, UMI adopted the experience of Bitcoin and developed its own pre-programmed algorithm for creating new coins — a smart contract for staking.
Moreover, users can create new UMIs without much effort: they just need to place their coins in one of the staking structures. Further, the cryptocurrency will multiply at a rate of up to 40% per month right in the wallet.
The original UMI emissions were fully distributed to the community. This is one of the important signs of true decentralization, when the cryptocurrency is in the hands of users, not developers.
New UMI coins can only be created by cryptocurrency holders by staking according to a pre-programmed smart contract. And third parties are not able to influence this process.
This is real decentralization - power is in the hands of users, the number of which is already more than 300,000 around the world.
New UMI coins can only be created by cryptocurrency holders by staking according to a pre-programmed smart contract. And third parties are not able to influence this process.
This is real decentralization - power is in the hands of users, the number of which is already more than 300,000 around the world.
We tried to solve the problem of cryptocurrency volatility and put bitcoins in the order book on the SIGE[Suspicious link removed]o crypto exchange to support the coin rate.
Now about 365 BTC has been collected in the order book. This “wall” supports the UMI rate, preventing it from dropping below $ 0.95. At the same time, nothing holds back the rate of the coin from growth.
Now about 365 BTC has been collected in the order book. This “wall” supports the UMI rate, preventing it from dropping below $ 0.95. At the same time, nothing holds back the rate of the coin from growth.
An interesting fact: Ethereum, along with Bitcoin, is perceived by the community as a real decentralized cryptocurrency. But did you know that the Ethereum developers gave themselves about 70 million ETH at the time the project was created?
Now the number of all ETH is 115 million. That is, the developers received more cryptocurrency than was created by users in 6 years since the launch of the network.
The UMI team took a different path. The coin also had an initial emission of 18 million UMI, BUT we did not take it for ourselves, but distributed it among the community, including by selling coins for bitcoin.
We directed the overwhelming part of the proceeds from the sale of UMI bitcoins to protect the course — to set up a wall for buying cryptocurrency at $ 0.95 worth about 365 BTC (more than $ 20 million), the other part — for the development of the coin.
Now the number of all ETH is 115 million. That is, the developers received more cryptocurrency than was created by users in 6 years since the launch of the network.
The UMI team took a different path. The coin also had an initial emission of 18 million UMI, BUT we did not take it for ourselves, but distributed it among the community, including by selling coins for bitcoin.
We directed the overwhelming part of the proceeds from the sale of UMI bitcoins to protect the course — to set up a wall for buying cryptocurrency at $ 0.95 worth about 365 BTC (more than $ 20 million), the other part — for the development of the coin.
UMI’S 1ST ANNIVERSARY! We’ve done a lot, and there’s still a lot to do
It seems like it was just a few days ago that a group of crypto enthusiasts and programmers got together to give the universal monetary instrument to each and every person in the world. Years of development, discussion, strenuous work, and finally UMI was displayed to the world on June 1, 2020 — as a universal blockchain platform that enables fast and free transactions, can work with smart contracts and allows people to generate new coins within the wallet via staking.
UMI would have remained another mediocre cryptocurrency unless the crypto community took an interest in it. Our instrument turned out to be very much in demand. Now, a year later, the UMI community has grown to thousands upon thousands of users, with UMI capitalization well exceeding $400 mln!
UMI creation was a pretty challenging process. We analyzed existing problems in the crypto industry and came up with solutions to lay the foundation for preventing future problems. Thus, we chose the Proof-of-Authority consensus algorithm as the basis for the UMI network, allowing us to ensure high network capacity without considerable costs in terms of resources. Network health is ensured by master nodes distributed across the globe and complying with stringent requirements regarding stability and security. At the same time, we improved the Proof-of-Authority algorithm by adding validator nodes that anyone can launch. It makes the network more decentralized.
During the first year, it did not always work as smoothly as we’d like it to work. Still, we tried to resolve all problems and inadequacies in the shortest time possible. By optimizing the code all the time, our team of IT developers achieved fantastic results. For instance, at the very beginning, we selected the JSON-RPC protocol that was easy to use, but inefficient in terms of resource consumption. However, we soon switched to integrating a new binary protocol that utilizes communication channel capacity with maximum efficiency and sparingly uses computational power without harming the planet.
Over the year, there has been no disruption in public network operation, despite technical issues and emergencies. In this connection, we’d like to express particular thanks to our awesome IT department. Our team of developers has no random people. Everyone working with us today is here to change the world for the better, to build something new and valuable for people. Our specialists open their laptops each and every day and turn on their computers wishing to do something significant.
As mentioned above, while working on UMI, we often have emergencies that knock us off balance. Sometimes it causes emotional and creative burnout, but feeling your support makes us find the strength to do the things we thought impossible yesterday. We’d like to express our deep gratitude for this!
It’s also worth noting that we haven’t fulfilled all our plans during this year. We still have a lot to do, but we’re sure we can make it. With your support — there’s no other way!
On behalf of the entire UMI Team, including developers, marketers, copywriters, translators, designers and many many other specialists, we’d like to express deep gratitude to all those who believed and continue to believe in us. We’ll make sure to achieve all our goals!
Sincerely yours, UMI Team!
It seems like it was just a few days ago that a group of crypto enthusiasts and programmers got together to give the universal monetary instrument to each and every person in the world. Years of development, discussion, strenuous work, and finally UMI was displayed to the world on June 1, 2020 — as a universal blockchain platform that enables fast and free transactions, can work with smart contracts and allows people to generate new coins within the wallet via staking.
UMI would have remained another mediocre cryptocurrency unless the crypto community took an interest in it. Our instrument turned out to be very much in demand. Now, a year later, the UMI community has grown to thousands upon thousands of users, with UMI capitalization well exceeding $400 mln!
UMI creation was a pretty challenging process. We analyzed existing problems in the crypto industry and came up with solutions to lay the foundation for preventing future problems. Thus, we chose the Proof-of-Authority consensus algorithm as the basis for the UMI network, allowing us to ensure high network capacity without considerable costs in terms of resources. Network health is ensured by master nodes distributed across the globe and complying with stringent requirements regarding stability and security. At the same time, we improved the Proof-of-Authority algorithm by adding validator nodes that anyone can launch. It makes the network more decentralized.
During the first year, it did not always work as smoothly as we’d like it to work. Still, we tried to resolve all problems and inadequacies in the shortest time possible. By optimizing the code all the time, our team of IT developers achieved fantastic results. For instance, at the very beginning, we selected the JSON-RPC protocol that was easy to use, but inefficient in terms of resource consumption. However, we soon switched to integrating a new binary protocol that utilizes communication channel capacity with maximum efficiency and sparingly uses computational power without harming the planet.
Over the year, there has been no disruption in public network operation, despite technical issues and emergencies. In this connection, we’d like to express particular thanks to our awesome IT department. Our team of developers has no random people. Everyone working with us today is here to change the world for the better, to build something new and valuable for people. Our specialists open their laptops each and every day and turn on their computers wishing to do something significant.
As mentioned above, while working on UMI, we often have emergencies that knock us off balance. Sometimes it causes emotional and creative burnout, but feeling your support makes us find the strength to do the things we thought impossible yesterday. We’d like to express our deep gratitude for this!
It’s also worth noting that we haven’t fulfilled all our plans during this year. We still have a lot to do, but we’re sure we can make it. With your support — there’s no other way!
On behalf of the entire UMI Team, including developers, marketers, copywriters, translators, designers and many many other specialists, we’d like to express deep gratitude to all those who believed and continue to believe in us. We’ll make sure to achieve all our goals!
Sincerely yours, UMI Team!
UMI turned one!
Dear friends, we can’t believe how fast time has flown. It’s been a year since we launched the UMI blockchain. On June 1, 2020, the network was launched. It was the day when the first master nodes confirmed their first transactions and started controlling the rules to be complied with, thus supporting the UMI blockchain. Over one year, our cryptocurrency has grown to an enormous scale.
- The total number of UMI coins reached 180 mln, with 155 mln in staking smart contract.
- Users created over 320,000 addresses; 250,000 addresses were created in staking structures. Just a month ago, these numbers were 220,000 and 175,000, respectively. Over one month, the number of wallets increased by more than 30%. It’s amazing!
- The overall number of transactions run in the UMI network totals 8.5 mln. This number was just 6 million a month ago. In other words, in May, the UMI community made 2.5 million transactions. People use UMI for both large and small transactions running around the world.
- UMI blockchain now has over 3,000,000 blocks.
- The UMI price is over $2. The cryptocurrency price more than doubled during this year. As a reminder, the initial UMI price was $1. At the same time, UMI’s capitalization exceeds $400 million.
- Despite the bitcoin price drop, UMI’s liquidity (a total amount of buy offers) equals $14 million, against $350,000 as a total amount of sell offers. https://umi.top/ru/liquidity
- UMI trading volume reaches $3-5 mln per day. https://umi.top/ru/volumes
Even though the UMI cryptocurrency is swiftly growing, we’re striving to accomplish even more. We are continuously developing the UMI community, making UMI more convenient, more advanced, higher-performing, more efficient and eco-friendly, and less energy-consuming.
On the occasion of UMI’s birthday, our official website and all the documentation — Whitepaper, Yellowpaper, Onepager, brand book, and presentation – have been completely redesigned:
- Site: https://umi.top/
- Wallet: https://wallet.umi.top/
- Blockchain: https://blockchain.umi.top/
- Whitepaper: https://umi.top/ru/about
- Yellow paper: https://umi.top/ru/yellowpaper
- Brand book: https://umi.top/ru/brandbook
- Onepager: https://umi.top/ru/onepager
- Presentation: https://umi.top/ru/presentation
There’s more. Soon you will read a lot of exciting news and articles about the results of the year, new achievements, and plans for the future.
And right now, we’re celebrating UMI’s anniversary in Dubai’s best Luxury class venue — the world’s tallest skyscraper Burj Khalifa. A closed VIP party was arranged in the Armani elite club and gathered top-level leaders of the crypto industry and the most demanded developers and celebrities.
Today we will please you with other fantastic news. Meantime, join us in celebration of UMI’s anniversary.
Lots of love, UMI Team!
Dear friends, we can’t believe how fast time has flown. It’s been a year since we launched the UMI blockchain. On June 1, 2020, the network was launched. It was the day when the first master nodes confirmed their first transactions and started controlling the rules to be complied with, thus supporting the UMI blockchain. Over one year, our cryptocurrency has grown to an enormous scale.
- The total number of UMI coins reached 180 mln, with 155 mln in staking smart contract.
- Users created over 320,000 addresses; 250,000 addresses were created in staking structures. Just a month ago, these numbers were 220,000 and 175,000, respectively. Over one month, the number of wallets increased by more than 30%. It’s amazing!
- The overall number of transactions run in the UMI network totals 8.5 mln. This number was just 6 million a month ago. In other words, in May, the UMI community made 2.5 million transactions. People use UMI for both large and small transactions running around the world.
- UMI blockchain now has over 3,000,000 blocks.
- The UMI price is over $2. The cryptocurrency price more than doubled during this year. As a reminder, the initial UMI price was $1. At the same time, UMI’s capitalization exceeds $400 million.
- Despite the bitcoin price drop, UMI’s liquidity (a total amount of buy offers) equals $14 million, against $350,000 as a total amount of sell offers. https://umi.top/ru/liquidity
- UMI trading volume reaches $3-5 mln per day. https://umi.top/ru/volumes
Even though the UMI cryptocurrency is swiftly growing, we’re striving to accomplish even more. We are continuously developing the UMI community, making UMI more convenient, more advanced, higher-performing, more efficient and eco-friendly, and less energy-consuming.
On the occasion of UMI’s birthday, our official website and all the documentation — Whitepaper, Yellowpaper, Onepager, brand book, and presentation – have been completely redesigned:
- Site: https://umi.top/
- Wallet: https://wallet.umi.top/
- Blockchain: https://blockchain.umi.top/
- Whitepaper: https://umi.top/ru/about
- Yellow paper: https://umi.top/ru/yellowpaper
- Brand book: https://umi.top/ru/brandbook
- Onepager: https://umi.top/ru/onepager
- Presentation: https://umi.top/ru/presentation
There’s more. Soon you will read a lot of exciting news and articles about the results of the year, new achievements, and plans for the future.
And right now, we’re celebrating UMI’s anniversary in Dubai’s best Luxury class venue — the world’s tallest skyscraper Burj Khalifa. A closed VIP party was arranged in the Armani elite club and gathered top-level leaders of the crypto industry and the most demanded developers and celebrities.
Today we will please you with other fantastic news. Meantime, join us in celebration of UMI’s anniversary.
Lots of love, UMI Team!
Sometimes users ask us questions: «Is UMI a coin or a token? And what is the general difference between these two concepts?»
We wrote a whole article about this. After reading it, you will understand that UMI is a full-fledged cryptocurrency, that is, a coin, and you will forever understand the difference between a coin and a token.
Read here: https://blog.umi.top/?p=2035
We wrote a whole article about this. After reading it, you will understand that UMI is a full-fledged cryptocurrency, that is, a coin, and you will forever understand the difference between a coin and a token.
Read here: https://blog.umi.top/?p=2035
Recently, the ISP Club team successfully brought UMI to the decentralized finance (DeFi) market and launched the new Umiswap exchanger. We would like to separately emphasize one important function of the exchanger.
Umiswap added support for Payeer electronic payment system for both UMI and WUMI tokens!
For now, you can:
- Buy / sell UMI cryptocurrency for Payeer USD.
- Buy WUMI tokenized coins for Payeer USD.
Today, many people use electronic payment systems (EPS), since this is a convenient way to transfer money on the Internet. Payeer is one of the most popular EPS.
Thus, the UMI becomes even more accessible to everyone, as more and more options appear for interacting with the cryptocurrency and its tokenized version.
Link to the Umiswap exchanger: https://umiswap.online/
Best regards, UMI team!
Umiswap added support for Payeer electronic payment system for both UMI and WUMI tokens!
For now, you can:
- Buy / sell UMI cryptocurrency for Payeer USD.
- Buy WUMI tokenized coins for Payeer USD.
Today, many people use electronic payment systems (EPS), since this is a convenient way to transfer money on the Internet. Payeer is one of the most popular EPS.
Thus, the UMI becomes even more accessible to everyone, as more and more options appear for interacting with the cryptocurrency and its tokenized version.
Link to the Umiswap exchanger: https://umiswap.online/
Best regards, UMI team!
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