Decentralized monetary instrument UMI: instant transfers without commissions and unique staking on a smart contract

UMIis a universal open-source monetary instrument that works as an instantpayments and platform for launching smart contractsof any complexity, including DeFi protocols. UMI uses a unique and user-friendly smart contract staking technology that helps to effectively involve new participants in the ecosystem.

Fast and free transfers

UMI is based on its own blockchain withoutdisadvantages of other cryptocurrency systems. The ecosystem operates on a Proof-of-Authority (PoA) consensus, which allows the network to transact as quickly as possible. Operations pass through masternodes, which are subject to high demands in terms of speed and bandwidth. This network architecture protects it from the types of attacks to which the blockchains of Bitcoin, Ethereum and other cryptocurrencies are exposed, including the so-called 51% attack.

“On the basis of the UMI ecosystem, manyvarious projects - financial, trade, logistics. At the same time, the UMI blockchain, unlike other popular platforms, can easily withstand such a load, - says Dmitry Kryshtal, the UMI project ambassador. “UMI can be easily integrated into online stores, sales chain tracking and production accounting programs, gambling sites and gamer attributes markets, crowdfunding and charity platforms, and many other services.”

The UMI network is easily scalable and, thanks to itshigh-tech architecture, already carries out up to 4500 operations per second. In the future, an update is planned in the blockchain, as a result of which the conductivity will exceed 10,000 tx / s. Transfers are done instantly, with no commissions or hidden fees.

Staking without blocking

Thanks to staking on a smart contract, createnew UMI coins are easy and simple - just have a basic knowledge of a PC or smartphone. Users don't need any computing power, no need to run nodes or other complex programs. The technology implies an automated payment of rewards for keeping coins in the wallet 24/7. At the same time, coins are not frozen - they can continue to be used, even if they participate in staking. The amount of payments for participation in staking structures (pools) ranges from 5% to 40% per month from the user's wallet balance. The higher the total number of coins in the pool, the higher the reward.

“UMI allows coin holders to save overthem full control. Even during staking, coins are sent to the holder's personal address inside the structure. Neither the creator of the structure, nor its other members have access to them, ”emphasizes Dmitry Kryshtal, UMI project ambassador.

Maintaining liquidity

Unlike many other cryptocurrenciesprojects, the UMI team directs the proceeds from the sale of coins to the order book for the purchase of UMI on the main trading platform SIGEN.pro. This provides the coin with high liquidity and exchange rate support. Now the liquidity glass for buying UMI has already exceeded $ 800,000. This means that UMI holders can be sure that, if necessary, they will sell coins at the current rate without delay. Already in October, the liquidity glass is planned to be increased to $ 1 million.

Four months after the launch of the main network in54,000 unique UMI addresses were registered on the blockchain, and the number of active staking participants exceeded 40,000. Every day, users of the UMI ecosystem conduct transactions worth $ 300,000, and the total volume of cryptocurrency trades is more than $ 100,000 per day.

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