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Uma Coin Price (UMA)

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About Uma Coin

UMA Coin is a protocol based on Ethereum, which enables users to generate a custom collateralized cryptocurrency tokens that track the price of practically everything. UMA is short for universal market access.

UMA allows you to exchange assets with ERC-20 tokens without being exposed to the asset itself. In plain English. This enables someone to become open to assets otherwise inaccessible. The tokens for UMA cryptocurrency are used for protocol governance and pricing.

Uma Coin Price INR History

Time Price in INR Change in %
2021-01-01 559.40 -0.31%
2020-12-01 599.88 -0.22%
2020-06-01 107.40 -5.80%

Uma Coin Price History and Analysis

Uma Coin Price in India (UMA Price in INR)

It does not have a hard limit and can be inflationary or deflationary depending on the two elements: the value of the Protocol (as more it is, the more it is purchased and burned) and the amount of UMA that is used to vote on the protocol. Their initial supply was 100 million (since there is a 5% inflation from tokens used to vote).

Shortly after Uniswap's first debut in April 2011, the UMA token cost about US$1.50 and remained there until the end of July. The days following UMA's 'rate dollar' (more on this later) the price rose to nearly $5,000 and started a parabolic run of almost $28,000. Since then, it has returned to around $20.

UMA coin Price in India (UMA to INR) in 2020

From March 2020, the price slowly increased from 90 INR and became dominant in the month of June where the price progressed three folded and the all-time high was recorded to be 1,828 INR on September 2.

UMA coin Price in India (UMA to INR) in 2021

The price of the UMA coin was in the range of 600 - 800 INR throughout January 2021. The price of UMA coin increased dramatically in the first week and recorded a peak all-time high of 2,423 INR on February 5.

Uma Coin Features

Unrestricted Access to All Financial Markets

This benefits all market participants through UMA contracts. You make You Anyone buying or selling exposure on a given financial asset—participants on the market are constrained by only the pricing of marketers.

DAO and Smart Contract Access to Financial Markets

Another, theoretically slightly more flexible approach is UMA contracts: The smart contract becomes just one of the derivative agreements' counterparties.

Unrestricted Access to Short Selling

This limitation is eliminated by UMA contracts. This allows stronger markets: fundamental markets more market participants share their economic theory openly deeper, more competitive markets are to be generated in consumer expectations.

Unrestricted Access to Leverage

Centralized busses and OTC market makers historically treated as a kind of loan have been leveraging only for reputed and trusted partners. Unlike its credit rating or prestige, UMA contracts extend power to all other parties.

Unrestricted Access to Customized, Bespoke Risk

UMA's contracts change that and empower anyone to give a financial contract in any market globally that exactly matches their personal financial circumstances.

1 UMA to INR

Instant Buy

Current Price of 1 UMA = ₹600,000 INR
For ₹100 INR you will get = 0.00045 UMA

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