Umbrella IDO sees record participation on Polkastarter
More than 110,000 investors signed up for the chance to receive one of 1,000 whitelistings for Umbrella Network’s IDO on Polkastarter. Decentralized oracle network Umbrella has published details of its recent initial DEX offering, or IDO, revealing that 110,000 applicants hsigned up for the offering on Polkastarter.The Feb. 9 offering saw 10 times the amount of hopefuls sign up as the 1,000 randomly selected slots available, with 2.5 million UMB tokens being distributed to only 625 participants during the sale.The IDO raised 72.5 Ether worth roughly $250,000. In an announcement shared with....
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Cryptocurrency is a world full of “firsts”. Bitcoin was the first coin, Litecoin was the first scrypt coin, Peercoin first established POS, Darkcoin was the first successful privacy centric coin, things like that. Today I’m here with Robert Murray, owner and founder of Umbrella Holdings. Umbrella plans on releasing cryptocurrencies which will help insure losses against Bitcoin and Litecoin right now, with potentially more in the future. Umbrella is an insured cryptocurrency that is designed to be merged-mined alongside a parent coin, usually the industry leader in terms of market cap for....
Umbrella Holdings: Insure your Cryptocurrencies! Umbrella is an insured cryptocurrency that is designed to be mined with a parent coin. It is usually the industry leader in terms of market cap for its algorithm. Umbrella differs from other cryptocurrencies by automatically sending a portion of each block reward to a secure wallet. Once the exchange is deemed secure, they guarantee all Umbrella Holdings while held on exchange. It’s important to note, while any exchange can list Umbrella cryptocurrencies, only certified have gone through the security audit and are insured. David Berger,....