Universal Market Access

What is Universal Market Access (UMA)?

Based on Ethereum, the open-source protocol going by the name UMA enables its users to generate financial contracts for themselves along with synthetic assets. The primary goal underlying the UMA project has been to aid in the facilitation of a decentralized architecture granting universal market access for DeFi markets.

Historical Genesis of UMA

UMA, or Universal Market Access, saw its official launch in 2018. Allison Lu and Hart Lambur were responsible for its formation. Lambur has a background in computer science, whereas Lu has one in management and economics, which she got from MIT.

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The Core Concept of UMA

To allow for the user-friendly and easy generation of synthetic assets along with smoothing smart contract design, Universal Market Access (UMA) depends on an intricate architecture model. It is based on two underlying concepts, which include decentralized Oracle services and priceless financial contract designs, both of which we’ll be looking at below.

Priceless Financial Contract Designs

These represent the templates that financial smart contracts are made from or are based on, on the UMA, essentially enabling users to develop or design synthetic assets.

The Optimistic Oracle

UMA’s Optimistic Oracle enables contracts to swiftly request and receive information.

The Oracle acts as this generalized escalation game held between the contracts initiating data requests and the dispute resolution, referred to as the DVM (Data Verification Mechanism). The prices that the Optimistic Oracle will propose will only be distributed to the DVM if they’re disputed.

How Universal Market Access (UMA)Works

Outlined below are the stages in which the Optimistic Oracle validates the data.

Statement

This stage represents how natural-language statements can be submitted along with bonds. These bonds serve as bounties for individuals looking to dispute them if they’ve got evidence pointing towards the contrary.

Challenge Period

Anyone may propose answers to data requests, and these are accepted as being true unless they are disputed during those challenge periods, which, as implied by the name, represent periods specifically dedicated to challenging disputes.

Dispute

Every statement that has been submitted for verification represents an opportunity where anyone can earn rewards by successfully disputing it. Normally, disputes have been considered rare, practically speaking, as the incentives always tend to be honest, according to the theory underlying the entire process, or rather “game,” hence the “optimism.”

Voting

The native token of Universal Market Access (UMA) offers the Optimistic Oracle (OO) some economic guarantees. The community holding the token provides that human element, as voters, which represents the final resolution of the OO on queries or disputes. Following that, those who vote alongside the majority receive rewards.

Real-world Use Cases of UMA Protocol

Let’s now look at some of the real-world applicability of the UMA Protocol.

Governance

The OO may be utilized to allow for more trustless types of DAO governance. In addition, the first application to utilize this would be oSnap, which would be a trustless way of executing the results of Snapshot votes on chain. As for Snapshot, it is a service that allows votes to be recorded off-chain.

Prediction Markets

The OO may even be used to verify natural-language statements and then answer queries concerning real-world events. These would include arbitrary questions regarding the weather, elections, sports, markets, or anything that’s universally verifiable.

Tokenization of Real-world Assets

The OO of UMA may also be utilized to bring on chain any part of verifiable real-world data.

This will likely include data containing real-world assets, enabling the generation of numerous things, such as synthetic assets, for instance, which are essentially tokenized representations of certain assets, both within the digital and real worlds.

Cross-chain Bridges

The OO can be used to validate all kinds of statements, even statements regarding data on various other networks.

In this way, the OO may be utilized for cross-chain messaging. Moreover, it’s already being utilized by the bridge known as Across Protocol these days to allow for cross-chain asset bridging.

How to Get Involved

Here, we will be discussing how one can get involved with this platform and contribute to its ecosystem.

Ways to Contribute to The UMA Ecosystem

There are various ways in which one can contribute to Universal Market Access. The most obvious way would be to simply invest in the various services it provides, or by just buying its native token.

Other than that, you can take on the various roles on its Oracle service, such as those of disputers, requesters, and proposers.

Steps to Start Creating Synthetic Assets on UMA

Generating new synthetic tokens needs both some collateral and a price identifier, the latter of which is a price determination procedure that is agreed on by those holding the UMA token.

If there isn’t any price identifier, then there won’t be a way for Universal Market Access (UMA) to validate the price of these synthetic tokens. But if there is already a price identifier available, then there will be a couple of steps involved in finally creating those synthetic tokens, such as supplying collateral, setting expiration dates, minting, depositing gold tokens, and during the token’s life, keeping the collateral value above that minimum requirement.

The UMA Token

Here, we will be shifting our attention towards its native token, briefly discussing some stats and the roles it has within its ecosystem.

Role and Utility

The utility that the token provides is integral to the functionality of the UMA ecosystem.

It serves as a form of payment for the services to be found here and also plays a vital role in the governance of the protocol, which we will discuss below.

Stake and Earn

The token can also be staked to secure its Oracle service, and rewards can be earned for such contributions as a result.

Vote

As alluded to earlier, the token can also be used to vote, and if token holders vote accurately and consistently, the APY rate at which they would earn would increase and be higher than that of inactive or unsuccessful voters.

Tokenomics

Moving onto tokenomics, its price is currently around $1.50, with a market capitalization of over $110 million and a fully diluted valuation of more than $171 million. Its maximum supply is about 115.7 million tokens, with a circulating supply of over 74 million tokens.

Buying UMA Tokens on Binance

If you’re interested in what this platform has to offer and are looking to invest, then we’ll show you how that can be done on the world’s largest cryptocurrency exchange, Binance. 

Setting up a Binance account

To create your Binance account, click on the link below, which will take you to the Binance registration page using a special Coin-Labs referral code. Over there, fill in whatever’s required of you and get done with registration.

Verifying your identity

Getting your identity verified is a must if you don’t wish to experience any trading limits. So, you can start the KYC process by going over to Binance’s verification page. Once there, you will need to provide a few details regarding your identity along with some documentational proof later on to back that up.

Funding Your Binance Account

To make that initial deposit so that you can buy some UMA tokens, head over to its deposit page. On there, select a token and any network supporting it. Once that deposit address has been generated, simply copy and paste it into the withdrawal field of an external platform to complete the transfer from there.

Making Your First UMA Purchase

Once your account has been properly funded, you can finally buy some UMA tokens. Currently, there are a plethora of ways in which you can carry that out on Binance. These include, but are not limited to, spot, futures, copy trading, and more. The simplest to execute would be just swapping or converting your deposits for the UMA token.

Storing Your UMA Tokens

Once your order has been fully processed, you can transfer those newly acquired UMA tokens to your wallet through Binance’s withdrawal page. Over there, choose the UMA token, a network supporting it, specify the amount, and finally add your wallet’s address within the withdrawal field. Confirm your withdrawal, then, and wait for this transaction to be fully confirmed.

Future Trajectory of UMA

Risk Labs Foundation, the firm behind UMA, is in the UMA 2.0 phase right now, where a multi-phase update for the ecosystem has been planned.

The update will feature a better voting system, more participation, further research geared towards the DVM, and lastly, more simple ways for decentralized applications to plug into its Oracle.

Conclusion

UMA is based on the Ethereum blockchain and is among its leading projects due to its robust utility and relevant applicability. With the growing popularity of synthetic assets, UMA might just climb up the ranks, and that may even impact its price within the market later on, but then again, it may not as well. So, whether or not this platform has what you’re asking for is all up to you to decide and see whether it’s worth any risks associated with engaging with it.

Coin-Labs.com ให้ข้อมูลที่เป็นจริงเกี่ยวกับ Universal Market Access เท่านั้น
ดังนั้น เราจึงไม่มีความรับผิดชอบใด ๆ กับการตัดสินใจลงทุนใน Universal Market Access และการสูญเสียเงินทุนที่เกิดขึ้น

Universal Market Access คืออะไร

ต่อไปนี้คือปัจจัยที่นักลงทุนควรพิจารณาก่อนที่จะลงทุนใน Universal Market Access.

ฟีเจอร์ของสกุลเงินคริปโต	Universal Market Access (UMA)
ผู้เผยแพร่หรือนักพัฒนา	Allison Lu, Hart Lambur
สำนักงานใหญ่ (หมายเลขทะเบียน)	New York, New York
สัญลักษณ์	UMA
แพลตฟอร์ม	Ethereum
วันที่เผยแพร่ (ลงทะเบียน CMC)	2024-11-01
อุปทานสูงสุด	ไม่มีขีดจำกัด

คะแนนความน่าไว้วางใจของ Universal Market Access ใน 2024

ต่อไปนี้คือดัชนีวัดความน่าไว้วางใจในการลงทุนของ Universal Market Access วัดโดย Coin-Labs.com

รายการประเมินคะแนนความน่าไว้วางใจในการลงทุน	คะแนนและสถานะปัจจุบัน
อัตรากระตุ้นการขายของบริษัท	/ 10.0 CAR
อัตราการสื่อสาร	/ 10.0 CR
อัตราความโปร่งใสของเทคโนโลยี	/ 10.0 TTR
อัตราการมีส่วนร่วมในการพัฒนา	/ 10.0 DPR
สถานะการลิสต์ใน 10 อันดับแพลตฟอร์มระดับโลก	ลิสต์อยู่ใน 9 แพลตฟอร์ม
จำนวนคู่เทรดจากทั่วโลก	262 คู่
มูลค่าตามราคาตลาดของสกุลเงินคริปโต	325,661,173 USD (อันดับที่ #141)

ตารางด้านบนแสดงผลของการประเมินความเหมาะสมในการลงทุนสำหรับ Universal Market Access.
สามารถอ่านรายละเอียดเกี่ยวกับรายการการประเมินได้ที่นี่ ที่นี่.

Universal Market Access ราคา

ต่อไปนี้คือราคาและปริมาณการเทรดของ Universal Market Access. (ข้อมูลของ 2024-11-02 00:35:00)

รายการราคา	ราคาและปริมาณการเทรดของ Universal Market Access
Universal Market Access ราคา	2.485 USD
การเปลี่ยนแปลงของราคา 24 ชั่วโมง	-2.91%
การเปลี่ยนแปลงของราคา 7 วัน	-12.12%
ปริมาณการเทรด 24 ชั่วโมง	14,828,089 USD
การเปลี่ยนแปลงของปริมาณการเทรด 24 ชั่วโมง	-1.82%

ข้อมูลเมตาดาต้าของสกุลเงินคริปโต

คุณสามารถตรวจสอบสถานะการพัฒนาและข้อมูลโซเชียลมีเดียของ Universal Market Access ได้ ลิงก์ในตารางด้านล่าง

แหล่งข้อมูลเมตาดาต้า	URL
🌎 เว็บไซต์หลัก	https://umaproject.org/
📖 ไวท์เปเปอร์	https://github.com/UMAprotocol/whitepaper
🛰️ โค้ดต้นฉบับ (GitHub)	https://github.com/UMAprotocol
🐦 Twitter	https://twitter.com/UMAprotocol
🤖 Reddit
🎺 กระดานข้อความ	https://medium.com/uma-project

ซื้อ Universal Market Access ได้ที่ไหน

ต่อไปนี้คือ 10 อันดับแพลตฟอร์มสำหรับเทรดคริปโตระดับโลก ที่ๆนักเทรดสามารถซื้อ Universal Market Access ใน 2024.

10 อันดับแพลตฟอร์ม	สถานะการลิสต์	URL ของหน้า
Binance	ลิสต์ไว้	https://www.binance.com/en/trade/UMA_BTC
Coinbase	ลิสต์ไว้	https://pro.coinbase.com/trade/UMA-USD
Kraken	ลิสต์ไว้	https://pro.kraken.com/app/trade/uma-usd
KuCoin	ลิสต์ไว้	https://www.kucoin.com/trade/UMA-USDT
Bitfinex	ไม่ได้ลิสต์ไว้
OKX	ลิสต์ไว้	https://www.okx.com/trade-spot/uma-usdt
Huobi	ลิสต์ไว้	https://www.htx.com/en-us/trade/uma_usdt?type=spot
Bitstamp	ลิสต์ไว้	https://www.bitstamp.net/markets/uma/usd/
Bybit	ลิสต์ไว้	https://www.bybit.com/en-US/trade/spot/UMA/USDT
Gate.io	ลิสต์ไว้	https://www.gate.io/trade/UMA_USDT

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