Umbria DeFi Platform Announces First Airdrop of its UMBR Token
23 February 2021 - 10:00PM
InvestorsHub NewsWire
Umbria
DeFi
Platform
Announces
First
Airdrop
of
its
UMBR Token
-
rewarding
early
supporters of its
nascent protocol -
Decentralised
Finance (DeFi)
protocol
Umbria is airdropping
100,000 of its governance utility
tokens
to
its
users.
Umbria
(https://umbria.network/),
an open-source
project
on a mission to demystify and simplify DeFi and get people earning
income on their crypto, will be rewarding
eligible crypto
enthusiasts
with its
tokens.
Holders
of UMBR tokens
-
available
on Uniswap
-
or
UMBR-ETH
Liquidity
Pool
tokens
(tokens
issued
for adding liquidity to
the UMBR-ETH pool on decentralized
cryptocurrency exchange Uniswap)
on
March 1st,
2021 will
be able
to participate in the airdrop. They will need to
have a
Metamask
wallet.
UMBR and
UMBR-ETH LP holders (minimum
100 UMBR or 2 UMBR-ETH LP) simply have to
visit
airdrop.umbria.network
and press
the "Claim Airdrop" button to get
their
share of the
airdrop. The
tokens
will then
be
distributed directly into their
Metamask
wallets
on
April 2nd,
2021. The airdrop
will be
on chain
facilitated by Ethereum Smart
Contracts.
Users of
the Umbria platform will soon be able to swap tokens and earn
interest on their cryptocurrency positions on the Umbria website
with other facilities coming online which will utilise the
Umbria protocol and its utility token. UMBR
tokens
will give
holders the ability to shape the future of the Umbria ecosystem
itself.
"The
Umbria project is a collective effort, which is
already
gaining good traction and seeing a lot of
interest," said Oscar Chambers,
Co-Lead Developer at Umbria. "This first airdrop
is
a
great way to
reward existing
participants and
encourage more early
adoption
of
Umbria, which will
hopefully be a steppingstone
to
unlocking the mass adoption of DeFi."
View the
Litepaper or head over to the Umbria Discord channel,
Telegram,
Twitter, Facebook, Bitcointalk
or LinkedIn pages
to find out more about the project.
About Umbria
https://umbria.network/
Umbria is a layer 3 decentralized protocol, which
enables DeFi (Decentralised Finance) applications on the Ethereum
blockchain. It aims to demystify and simplify DeFi and get people
earning income on their crypto. On the Umbria network, anyone will
gain access to a developing suite of services created by smart
contracts.
You can buy UMBR on
UniSwap and
add liquidity to earn fees. A user of Umbria will soon be able to
swap tokens and earn interest on their cryptocurrency positions on
the Umbria website with other facilities coming online (via
developers and community initiatives) which will utilise the Umbria
protocol and its utility token. One of the initial features of
Umbria is that it will allow users to deposit cryptocurrency as
liquidity in AMM (automated market making) pools to earn fees from
token swapping and earn additional Umbria as an incentive for
providing liquidity. The Umbria governance token will
also allow users in the network to take control over
decision-making and have voting power over the development of
Umbria's protocol.
UK-publicly listed
Online Blockchain plc (LSE:OBC) is acting as Umbria's
coordinator, administrator and advisor.
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