UMBRELLA MONTHLY REVIEW by Crypto Smart -AUGUST 2021

Umbrella Network is a decentralized blockchain oracle that is solving the oracle problem through decentralization, call Data-Points, and effective and efficient layer 2 side chains using the Merkel Tree system for data aggregation.

To view a more concise article on Umbrella’s solution, check out this article.

 

A lot has happened with the Umbrella Network community and team in the past 30 days, this is one of the highest levels of productivity in one month we’ve seen yet.

 

ROADMAP UPDATES

The Umbrella Network team started by giving the community updates on the road map for August and September, these updates included the community validator program, BSC-ETH Cross-chain bridge release, and a lot more.

Cross-chain interoperability is non-negotiable for Umbrella Network because that’s where the importance of decentralization comes to play.

 

UMBASSADOR PROGRAM

Early August, the doors were open again for crypto enthusiasts to share their passion in the space through the strategic representation of the Umbrella Network brand and service value in content creation and social media activities.

To find out more, visit this medium article.

 

 

UMBRELLA PARTNERS WITH UNORE

 

This partnership was ingenious, to say the least. In a nutshell, it meant that users can insure their $UMB and stake them worry-free of safety and losing any funds to hacker’s exploits.

To read more about this partnership, visit this article.

 

 

AMA WITH 68 COMMUNITY

The Head Of Marketing for Umbrella Network, John Chen, had an incentivized AMA with the 68 Trading community.

This AMA further creates awareness of the value that the Umbrella Network brings to the Blockchain Oracle community.

Here’s the recap on the AMA.

 

INSIGHTS ON PARALLEL DATA PAIRS

While this isn’t a new activity, Umbrella Network thought to revisit the solution that their Parallel Data Pairs algorithm brings.

Umbrella Network supports a wide variety of data pairs bridging across crypto, fiat, commodities, and other markets or data generation points.

To read more, visit this article.

 

AMA WITH UNORE

This was a well-important AMA because a lot of crypto enthusiasts are new to the concept of insuring their crypto, and it was important that the Umbrella team and Uno Re team, held an AMA to educate users.

To get the highlights of the AMA, click here.

 

 

1ST COHORTS OF COMMUNITY VALIDATORS

Remember in our previous articles we talked about the importance of decentralization for any Oracle? Well decentralized data points cannot be achieved without validators, and validators on a blockchain don’t rest with one authority, it is spread out.

This means that Umbrella Oracle is truly decentralized, and these validators authenticate data before it is committed to the blockchain. To read more on this, click here to get to the article.

 

 

FORTRESS FINANCE USES UMBRELLA’S ORACLE SERVICE

Fortress protocol is a decentralized finance platform that enables users to lend, earn and borrow via the BSC network. They get pricing data from Umbrella Network’s decentralized oracles for their $FTS token on #BSC main-net. This gives them a 500x updated speed more than other DeFi platform similar.

To read about it, click here.

 

 

UMBRELLA TABLE TALKS (ALL-STAR SOUTH AMERICAN TEAM)

The Umbrella Team shared some insight on the growth of Umbrella Network and what to expect as regards the road map and overall product development for Umbrella Network.

Watch the table talk here.

 

 

 

1.5 MILLION $UMB BURNT!!!

We’re no stranger to the effect a token burn brings to the value of a cryptocurrency. Definitely, this is one effect we’d feel in the increased demand for $UMB tokens which will lead to the increased price.

The Umbrella Team was so excited about this that they live streamed the event.

To watch the event, click here 

 

 

 

WE’RE LOOKING FORWARD TO SEPTEMBER

 

For MORE info on UMB, reach them here:

Website

Twitter

Telegram Group

Medium

Telegram Channel

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