UMA: Why It's CHANGING The DeFi Game!!
Seems like the markets are taking a bit of a bath 📉
This is not all that bad though, as it means that the UMA token has retraced below the $23 level I was talking about on Sunday. This even after the Coinbase Pro listing announcement.
It's also a pretty ideal time for me to now give you guys a complete overview of the project. This is something I do in my latest video.
As mentioned, this is quite an impressive protocol that gives users the opportunity to enter financial contracts that are self enforcing, trustless and completely decentralised.
However, that's only just scratching the surface. It was one of those projects that I had to spend quite some time researching given their relatively unique smart contract designs. Essentially, UMA smart contracts are built around a completely "priceless" design.
If you have no idea what I mean, then I cover it in the video.
I also take a look at a number of other things including why it is needed, its tech stack, use cases, tokenomics and price potential.
So, if you guys just can't wait to understand what all the fuss about UMA is, then this video should help you 👇
⛓️ 🔗 Useful Links 🔗 ⛓️
► UMA Website: https://umaproject.org/
► UMA Docs: https://docs.umaproject.org/
► UMA Whitepaper: https://github.com/UMAprotocol/whitep...
► OTC Derivs Market: https://www.fimarkets.com/pagesen/OTC...
► UMA Token Sale info: https://thedefiant.substack.com/p/uma...
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.