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• UMA can be used by holders to vote on proposals known as Uma Improvement Proposals made in the UMA ecosystem. For their contribution, users get rewarded with UMA coins.
• UMA is founded by credible and well-known financial experts and scientists Hart Lambur and Allison Lu.
UMA is the utility and governance token of an ecosystem of the same name. The UMA platform seeks to democratize the financial derivatives market by allowing users to create their own synthetic assets and trade them on Ethereum. It seeks to solve the problem of a high barrier to entry in the derivatives market by bringing synthetic assets to the blockchain and increasing accessibility.
• UMA is an ERC20 token, which means that it works entirely on the Ethereum mainnet.
• The token currently sits at approximately 8 times the initial launch price of roughly $1.1.
• UMA commands a market share of more than $500 million even though it was launched fairly recently in December 2018.
Highlight
UMA is the utility token of the UMA ecosystem, also known as Universal Market Access. The project is based on the objective of the creation of synthetic assets on the Ethereum mainnet.
1. What is the maximum amount of UMA (UMA) tokens?
The maximum cap of UMA tokens is set at 101,172,570 UMA.
2. How do I buy UMA (UMA) with CoinSwitch?
To buy UMA (UMA) crypto with CoinSwitch App, follow these simple steps:
• Log in to the CoinSwitch App on your mobile phone and enter your security PIN
• Head over to the Market section and search for UMA (UMA) crypto
• Navigate to the little Buy button at the bottom of your screen and enter the amount you want to invest
• If you already have funds in your account, CoinSwitch will automatically credit your crypto to your wallet
• If not, you can follow a simple 1-minute process to add funds to your account via UPI, IMPS, or NEFT
3. What is the best platform to buy UMA (UMA)?
CoinSwitch is India’s leading crypto exchange, with more than 20 million+ registered users. CoinSwitch allows you to buy, sell, and trade in more than 150+ crypto coins and tokens at the touch of a button!
4. Why I should choose CoinSwitch to buy crypto
• Start trading in UMA (UMA) with as little as ₹100!
• No fees or charges on fund transfers to and from your bank account
• Direct crypto investing with INR
• Choose from more than 150+ crypto coins and tokens
• Secure wallet access with withdrawals and deposits available
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.