Our multilingual customer support is available to answer any questions. You’ll get answers every time, all the time.
Umbrella Network is a decentralized oracle service run by the community that provides secure and scalable data solutions for decentralized finance (DeFi) applications. For blockchain app developers in the crypto area as well as those interested in real-world commercial transactions, Umbrella provides access to breakthrough financial facts. The Umbrella Network's decentralized power is centered on the UMB utility token, which is utilized for staking, community voting, as well as rewards and incentives. The Umbrella Network is built on top of the Ethereum blockchain and uses a delegated proof-of-stake (DPoS) consensus methodology to assure data transfer security. It creates a highly scalable oracle solution by integrating a layer two blockchain. When it comes to governance, the Umbrella Network is fully decentralized. Stakeholders, validators, and developers can engage in governance votes and help shape the network's future by the UMB token holders. The total supply of UMB token is 56,405,087.