PRESS RELEASE. BitMax.io (BTMX.com), a leading digital asset trading platform developed by Wall Street quantum trading veterans, announced on 10… March at 9:00 am, the UMB tokens (UMB) quote on the UMB/USDT trading pair. EST.
The Umbrella Network is a public, decentralized oracle service that provides secure, cost-effective and massively scalable data communication solutions for blockchain and decentralized finance (DeFi) applications. The proprietary UMB token is used to manage and reward liquidity in the delegated proof of stake system.
Umbrella provides access to data previously unavailable to blockchain developers in several segments, including medium- and long-range asset encryption and real financial data. Current oracle solutions force users to make trade-offs between data security and data timeliness/viability. With Ambrella, developers can have it both ways.
Several Oracle projects have recently joined the crypto-currency ecosystem, but many are still in their infancy, with minimal product development and viable business models. Umbrella Network aims to become the third viable product on the market, after market leaders Chainlink and Band Protocol.
BitMax.io, launched in August 2018, is a leading digital asset trading platform that offers a wide range of financial products and services for individuals and institutions, with a robust design that includes cash and margin trading, derivatives trading, steak products and other investment solutions.
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Umbrella Network is Oracle’s Layer 2 technology that delivers data at a frequency, volume and price that enables DeFi at scale. Umbrella has a strong combination of an experienced technical and business team, respected and influential investors, key thinkers, social media presence and existing traction in partnerships and product development. In short, Umbrella is well positioned to become a major player in the development of DeFi in the coming years.
This is a press release. Readers should do their own due diligence before taking any action regarding the advertised company or any of its subsidiaries or services. Bitcoin.com shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services mentioned in the press release.
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