CoinList today announced about their upcoming Umee token Sale on their platform
Umee is a decentralized architecture that allows for cross-chain communication across networks. Umee enables users to build loan and borrowing positions, move currency across chains, discover new return opportunities, and research DeFi applications in a frictionless and trustless manner, without the need for intermediaries.
It will be available for purchase starting at 17:00 UTC on December 1st, and there will be two public options:
Option 1: December 1, 17:00 UTC
Min/max: $100 min, $500 max
Lockup & release: 2-month cliff followed by a 10-month linear vesting schedule, with tokens released on or around February 15, 2022
Option 2: December 1, 23:00 UTC
Min/max: $100 min, $500 max
Lockup & release: 2-month cliff followed by an 8-month linear vesting schedule, with tokens released on or around February 15, 2022
Registration Deadline: November 28, 23:59 UTC
Register here : https://coinlist.co/umee?utm_source=web&utm_medium=blog&utm_campaign=umee111721&utm_term=register+now
The Umee Blockchain – The DeFi Hub on the Cross Chain – is a distributed ledger technology.
Umee is a cross-chain DeFi hub that facilitates the connection of blockchains. Umee can be used to create an ecosystem of applications by acting as a DeFi protocol at the fundamental layer. This blockchain, which uses the Tendermint Proof of Stake consensus method, links the Cosmos ecosystem with the Ethereum network as well as side chain architectures, layer 2 scaling solutions, and alternative base layer protocols, among other things.
What Makes Umee Exciting & Unique
The Global Debt Markets Come Face to Face with Proof of Stake – Umee will be the foundation for the first product created on top of it, which will be cross-chain borrowing and lending as well as the building blocks for onboarding global debt into DeFi. Umee is integrating new markets and ecosystems into cryptocurrency and transforming into the blockchain world’s leverage facility by developing tools that allow for the introduction of new leverage components and interest rates.
In order to facilitate the development of a multi-chain world, Umee’s mission is to serve as the cornerstone of the overall blockchain ecosystem. Interchain interoperability is a key component of this mission. In order to communicate across chains, Umee makes use of the core Cosmos protocol, IBC (Inter-Blockchain Communication).
Developed on the Cosmos SDK and the Ethereum Virtual Machine, the Umee Blockchain serves as a base layer DeFi hub, bridging the gap between DeFi and lending use-cases. For blockchain transactions, Umee makes use of a rapid finality consensus technique based on Tendermint Proof of Stake to provide a customizable balance of speed and efficiency.
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