LONDON, Feb. 23, 2021 /PRNewswire/ -- Decentralised
Finance (DeFi) protocol Umbria is
airdropping 100,000 of its governance utility tokens to its users.
Umbria
(https://umbria.network/), an opensource 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 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.
Francesca De Franco, +44(0)794
125 3135, francescad@advfnplc.com