UMA (UMA) is a cryptocurrency that operates on the Ethereum platform and is involved in decentralized finance (DeFi).

What are the risks associated with transferring UMA?

Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets. Self-custody requires secure handling of private keys.

How can I verify UMA before acquiring it?

Verify the asset name, network, and contract details before transferring. Ensure to check the destination address and network.

Where can I find official resources for UMA?

Official resources for UMA include its website at https://umaproject.org/ and its whitepaper available at https://github.com/UMAprotocol/whitepaper.

UMA (UMA)

Rank #488

Market snapshot

Price: $0.334254
Market cap: $30.3M
24h volume: $2.0M
Circulating supply: 90,707,655.9383
Total supply: 129,470,748.7138
Max supply: N/A

What is UMA?

UMA (UMA) is a cryptocurrency designed to facilitate the creation of synthetic assets and decentralized financial applications. It operates on the Ethereum blockchain and aims to provide users with tools to create and manage derivatives and other financial products in a decentralized manner.

Key information

Symbol: UMA
CMC rank: #488
Network / platforms: Avalanche C-Chain, Ethereum
Categories: N/A
Date added: May 25, 2020

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Avalanche C-Chain
0x3Bd2B1c7ED8D396dbb98DED3aEbb41350a5b2339
Ethereum
0x04Fa0d235C4abf4BcF4787aF4CF447DE572eF828

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is UMA?: UMA (UMA) is a cryptocurrency that operates on the Ethereum platform and is involved in decentralized finance (DeFi).
What are the risks associated with transferring UMA?: Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets. Self-custody requires secure handling of private keys.
How can I verify UMA before acquiring it?: Verify the asset name, network, and contract details before transferring. Ensure to check the destination address and network.
Where can I find official resources for UMA?: Official resources for UMA include its website at https://umaproject.org/ and its whitepaper available at https://github.com/UMAprotocol/whitepaper.

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