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View ChartUmbrella Network (UMB) is a community-owned decentralized oracle and data layer built for DeFi applications. It delivers scalable, customizable, and high-frequency data on-chain, positioning itself as a Layer-2 oracle network that batches data to achieve low-cost, scalable, and secure data delivery. The project launched in 2021 on the Ethereum platform and was also deployed on Binance Smart Chain (BSC). UMB is the native token of the network, with a total max token supply of 500 million. More than 70% of the total token supply was subject to a four-year linear vesting schedule. Umbrella Network officially ceased all operations on September 30, 2025, after four years of development.
Umbrella Network's publicly listed team members include Sam Kim as Founding Partner and Advisor, John Chen as Senior Advisor, Eugenio Di Santo as Product Owner, and Dariusz Zacharczuk in a blockchain role. The project was founded in 2021 and operated as a community-owned oracle network. Fundraising information tracked on CryptoRank references IDO funding rounds for Umbrella Network. Detailed public information about the full founding team and organizational structure is currently limited.
Umbrella Network operates as a community-owned Layer-2 oracle network that batches data before writing it on-chain. By aggregating and batching data, the network aims to provide low-cost, scalable, and secure data feeds to smart contracts. The platform focuses on delivering verified, secure, and fast real-world data, with an emphasis on high-frequency data suitable for DeFi traders. Its architecture is designed to support scalable and customizable data solutions. The project also developed a Bridge and Passport solutions alongside its Layer 2 oracle solution. Umbrella Network positioned fast oracles as critical infrastructure, arguing that slow oracles create windows for malicious actors to exploit price differences, and that even a few milliseconds of delay can be catastrophic.
Umbrella Network differentiates itself through a community-owned model and a Layer-2 batching architecture designed to reduce the cost of on-chain data delivery. The project emphasized decentralization as a core value, warning that centralized oracles represent a single point of failure. It highlighted the risks of faulty oracles by citing incidents such as the 2019 Synthetix oracle misreporting of Korean Won prices by 1000x, which risked $1 billion, and the 2020 Compound oracle error that mispriced DAI and triggered $89 million in liquidations. Umbrella Network also stressed speed as a competitive advantage for DeFi traders seeking to capitalize on market movements instantly. Its community-owned oracle model was presented as valuable to the broader DeFi and blockchain community.
The UMB token serves as the native token of the Umbrella Network. The network itself is used to provide verified, secure, and fast real-world data to smart contracts, with a focus on high-frequency data on-chain for DeFi applications. Target users include DeFi applications and the broader DeFi and blockchain community. The project's product suite included a Layer 2 oracle solution, a Bridge, and Passport solutions. These tools were intended to support scalable and customizable data delivery for smart contracts and DeFi traders. UMB also functioned within the network's community-owned governance and ownership model.
Umbrella Network pursued ecosystem growth through strategic initiatives and community programs. On April 5, 2021, the project announced the launch of its Global UMBassador Program to expand its global community. On September 23, 2021, Umbrella Network announced the strategic acquisition of Lucidity, described as a leading blockchain-based advertising and analytics platform. The project continued to promote its Layer 2 oracle solution, Bridge, and Passport products. However, on September 1, 2025, Umbrella Network announced it would be ceasing operations in September 2025, and on September 30, 2025, it officially ceased all operations after four years. The team expressed gratitude to its team, validators, partners, and dedicated community.
Umbrella Network is a decentralized oracle and data layer rather than a proof-of-work mining network. The project did not operate a traditional mining mechanism. Its token distribution included long-term vesting schedules, with more than 70% of the total token supply subject to a four-year linear vesting schedule. Community participation was encouraged through initiatives such as the Global UMBassador Program. Detailed public information on staking or validator reward mechanisms is currently limited. As the network ceased operations in September 2025, mining and staking activities are no longer applicable.
Keeping UMB tokens safe requires standard cryptocurrency security practices. Use a reputable self-custody wallet that supports Ethereum and Binance Smart Chain assets, and safeguard your private keys and seed phrases offline. Avoid sharing sensitive wallet information and verify all transaction details before signing. Be aware that UMB exhibited low liquidity and limited market activity, which can increase slippage and volatility risks. Investing in crypto-assets carries significant market risk, including extreme volatility and the potential loss of your entire capital. Given that Umbrella Network ceased operations on September 30, 2025, holders should exercise additional caution and verify the status of any related services before interacting with the token.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for UMB are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Umbrella Network (UMB) is ₹0.007747. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated UMB to USD rate at the top of BTCC’s price page. In terms of market scope, Umbrella Network records a 24h trading volume of ₹0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of ₹22.946994L. Its current circulating supply stands at 29.3Cr out of a maximum supply cap of ∞.
The price volatility of Umbrella Network (UMB) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as RBI or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (29.3Cr) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Umbrella Network (UMB) hit an all-time high (ATH) of ₹245.132265 on 2021-02-10 02:40, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at ₹0.00572 on 2026-02-24 14:40. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading UMB futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (₹0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s UMBUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Umbrella Network, simply log into your BTCC account with USDT margin available, navigate to the UMBUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for UMBUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: ₹0.007747), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for UMBUSDT with zero financial risk.
Trading Umbrella Network (UMB) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for UMBUSDT, and review its live price (₹0.007747) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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