formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the staking of the Umbrella token (UMB) on Apr 26 at 2:00 p.m. UTC.
Please Note: This is a Press Release
AscendEX’s innovative staking product allows users to participate in staking and earn rewards directly on the platform. Umbrella Network joins a growing portfolio of notable tokens including DOT, ATOM, and XTZ. AscendEX will be receiving validator rewards by running a UMB node which they will pass along to staking users.
is a community-owned, decentralized oracle service providing secure, low-cost, and massively scalable data solutions to blockchain and decentralized finance applications. The UMB native token is utilized for governance and liquidity rewards in a Delegated Proof of Stake system.
Umbrella provides access to data previously unavailable to blockchain developers across multiple segments, including mid and long-tail crypto assets and real-world financial data. Current oracle solutions require users to compromise between the security of the data or freshness/liveliness of the data. With Umbrella, developers can have both.
Recently, several oracle projects have entered the digital asset ecosystem; however, many of these projects are still at an early stage with minimal product development and viable business models. Umbrella Network seeks to be the third viable product in-market behind industry leaders Chainlink and Band Protocol.
About AscendEX
Originally founded in 2018 as BitMax.io, AscendEx is a leading crypto and digital asset financial platform catering to both professional and retail traders. Our venue offers, futures,and and incorporates key elements from the DeFi space to foster a unique market structure for users. AscendEx is led by a team of Wall Street veterans who have applied traditional markets’ rigor to create a robust, secure, and reliable experience for all participants; and a consistent source of liquidity for primary offerings.
For more information and updates, please visit:
- Website: https://ascendex.com
- Twitter: https://twitter.com/AscendEX_Global
- Telegram: https://t.me/AscendEXEnglish
- Medium: https://medium.com/ascendex
About Umbrella Network
is a community-owned, decentralized oracle service providing secure, low-cost, and massively scalable data solutions to blockchain and decentralized finance (DeFi) applications.
For more information and updates, please visit:
- Website: https://www.umb.network/
- Twitter: https://twitter.com/UmbNetwork
- Telegram: https://t.me/umbrellanet
- Medium: https://medium.com/umbrella-network
