Understand the issuance price and total issuance of UMA coins in one article

UMA coins had an initial issuance price of $0.25 in 2018, with 53% allocated to ICO participants and a total supply capped at 100,472,726 coins.

Oct 15, 2024 at 02:24 pm

Understanding UMA Coin Issuance: Price and Total Issuance

1. Initial Coin Offering (ICO)

UMA coins were first issued through an ICO on September 8, 2018.
The ICO raised approximately $10 million.
The initial issuance price of UMA was $0.25 per coin.

2. Total Issuance

The total supply of UMA coins is capped at 100,472,726.
Out of the total supply, 53% (approximately 53 million coins) were allocated to ICO participants.
The remaining 47% (approximately 47 million coins) were allocated to various parties, including the UMA team and early investors.

3. Current Price

As of January 2023, the price of UMA coin is approximately $3.50.
The coin's market capitalization is around $180 million.

4. Coin Use Cases

UMA coins are primarily used to:

Collateralize synthetic assets on the UMA platform. Synthetic assets are blockchain-based tokens that track the price of real-world assets, such as stocks, commodities, and currencies.
Stake on the UMA platform. Staking rewards UMA holders with additional UMA coins and governance rights.
Participate in community governance. UMA coin holders have the right to vote on proposals that affect the direction of the project.

Conclusion

Understanding the issuance price and total issuance of UMA coins is essential for investors and traders. With a limited supply and growing demand, UMA has the potential to perform well in the long term. However, it is important to note that the cryptocurrency market is volatile, and investors should always conduct their own research before making any investment decisions.

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