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About UMA

UMA (UMA) is a cryptocurrency launched in 2020. UMA has a current supply of 118.12M with 78.39M in circulation. The last known price of UMA is 3.90 USD and is 0.003687514811 over the last 24 hours. It is currently trading on active market(s) with $20.56M traded over the last 24 hours. More information can be found at https://umaproject.org/.

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UMA Price Statistics
UMA’s Price Today
24h Price Change
+$0.0036875148110.09%
24h Volume
$20.56M24.70%
24h Low / 24h High
$1.60 / $1.65
Volume / Market Cap
0.067221786285
Market Dominance
0.02%
Market Rank
#204
UMA Market Cap
Market Cap
$305.88M
Fully Diluted Market Cap
$460.92M
UMA Price History
7d Low / 7d High
$1.53 / $1.76
All-Time High
$43.37Feb 04, 2021
All-Time Low
$1.16May 26, 2020
UMA Supply
Circulating Supply
78.39M
Total Supply
118.12M
Max Supply
0
Updated Feb 23, 2024 8:55 pm
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UMA
UMA
$3.90
$0.003687514811(+0.09%)
Mkt Cap $305.88M
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Frequently Asked Questions

  • Who are UMA’s founders?

    UMA was founded in 2018 by Allison Lu and Hart Lambur, two ex Goldman Sachs traders, with the goal of making global markets universally fair, accessible, secure and decentralized.

    The team drew inspiration from traditional finance derivatives to define an open-source protocol to allow anyone, anywhere, to design and build trustless financial contracts.

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  • What makes UMA unique?

    Oracles are a key part of blockchain infrastructure. They enable communication between the external world and on-chain environments in a trustless manner. Oracles are vital for many parts of the blockchain industry including decentralized finance (DeFi) and Web3 applications.

    An optimistic oracle like UMA's uses a “true unless disputed” pattern, with a tokenholder vote to resolve disputes. Anyone can propose an answer to a data request, and it is accepted as true if it is not disputed during a verification period. The “optimistic” design differs from a price-feed oracle, where prices are streamed on-chain and are instantly final.

    This optimistic oracle design concept has been in development since 2014, when Vitalik first published on the matter. There have been several iterations over the years since then. The optimistic design pattern introduces the opportunity for human intelligence to weigh in. This is important for Web3 projects as they require arbitrary data that is not always possible to turn into code.

    Today, the OO provides flexible, unique dispute resolution involving any kind of question or data with human input, as compared to price feed oracles, which can only push regular price updates onto chains.

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  • How many UMA tokens are in circulation?

    In September 2022, there was a supply of 108,858,567 UMA tokens with 68,947,415 in circulation.

    The UMA token has traded on major exchanges for years. The token provides economic guarantees to protocols using UMA’s OO. UMA’s community of token holders provide the human component, as voters, for the OO's final resolution on disputes or queries. Tokens are also used to vote on protocol upgrades and UMA DAO funds allocations. Active and accurate voters earn a yield for their participation.

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  • How is UMA’s optimistic oracle secured?

    There are three actors in UMA’s Optimistic Oracle system: the contract requesting the data, the participant offering the data, and a potential disputant, who can dispute data if they disagree.

    If a dispute arises, UMA token holders resolve the dispute within 48 hours. If the disputer is right, they get a portion of the proposer's deposit as a reward; if the disputer is wrong, they lose their deposit as a penalty, a portion of which goes to the proposer. Voting in the oracle has three phases: open voting; voting confirmation/reveal; and rewards claim period.

    Rewards will compound as they are claimed. Claiming the rewards places the tokens in users’ wallets, making them active voting tokens that will increase the user’s voting power with each successful vote.

    UMA’s smart contracts are designed primarily for developers building decentralized applications. All UMA token owners can participate in UMA’s optimistic oracle. UMA’s token is built on Ethereum that can be held in wallets like Metamask, Trezor, or Ledger, which must be connected to the UMA voting Dapp to enable voting.

    All of UMA's oracle contracts have been audited by OpenZeppelin, in addition to the contracts for Across Protocol and Outcome's Optimistic Governor, Optimistic Distributor, and more.

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  • Where can you buy UMA?

    The UMA token can be purchased at most major centralized currency exchanges including Binance and Coinbase, and DEXs like SushiSwap and Uniswap.

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  • What is the all-time high price of UMA (UMA)?

    The all-time high of UMA was 43.37 USD on 2021-02-04, from which the coin is now down 91.00760894627624%. The all-time high price of UMA (UMA) is 43.37. The current price of UMA is down 91.00760894627624% from its all-time high.

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  • How much UMA (UMA) is there in circulation?

    As of , there is currently 78.39M UMA in circulation. UMA has a maximum supply of 0.

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  • What is the market cap of UMA (UMA)?

    The current market cap of UMA is 305.88M. It is calculated by multiplying the current supply of UMA by its real-time market price of 3.90.

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  • What is the all-time low price of UMA (UMA)?

    The all-time low of UMA was 1.16 , from which the coin is now up 236.20689655172416%. The all-time low price of UMA (UMA) is 1.16. The current price of UMA is up 236.20689655172416% from its all-time low.

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  • Is UMA (UMA) a good investment?

    UMA (UMA) has a market capitalization of $305.88M and is ranked #204 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze UMA (UMA) price trends and patterns to find the best time to purchase UMA.

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