UMA - chaia

UMA

#47

market capitalization

$300,985,119

price

19.14%

$5.64

bitcoin price

21.36%

BTC0.00047978

ethereum price

20.83%

ETH0.01441334

24h volume

$18,583,833

  • Price
  • Market Cap
  • Exchanges
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Exchange
Pair
Price
24h Volume
Volume %
Chaia

UMA details

summary

UMA is a decentralized financial contracts platform built to enable Universal Market Access. UMA builds infrastructure for “priceless” financial contracts: DeFi contracts that minimize oracle usage, avoiding many of the security and scalability issues that have plagued decentralized finance. The first contracts built with UMA are priceless synthetic tokens: ERC20 tokens that can track anything while minimizing the need for on-chain price data. The UMA project token powers the system in two ways: Governance: UMA token holders govern what types of contracts can access the system, which asset types are supported, and key system parameters and upgrades. Price requests: the priceless methodology minimizes on-chain price requests but doesn’t eliminate them — when contract interactions are disputed, UMA token holders fulfill price requests via the .../">Data Verification Mechanism, or DVM. UMA tokens enable the holder to participate in community governance and resolve contract disputes through the DVM. The tokens are not an investment opportunity.

price & media data

24h high/low:
$5.65 / $4.46
All-time-high price:
$5.65
All-time-high date:
Aug 11, 2020
Distance All-Time High:
-0.37%
Market Capitalization today:
$300,985,119

technicals

Circulating Supply:
53,454,853 UMA
Total Supply:
100,657,384 UMA
Proof Type:
N/A
Hashing Algorithm:
N/A