Projects listed: 276 |
BTC Dominance: 49.10% | Volume (24h): $32,685,163,097 | Market Cap: $2,449,029,485,270
UMA
UMA
$2.64
Sector
Oracles
Exchange Debut
2020-05-25
Market Cap
215,606,469
Maxim Supply
114,588,897
Circulating Supply
81,564,285
Circ. Supply(%)
71.18%
UMA
UMA
Price
$2.64
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
19413489
2.803641521645
2.558572567512
Change 24h
Change 7d
Change 30d
1.7211
3.0512
-23.8513
Maxim supply
Circulating supply
Circulating supply(%)
114,588,897
81,564,285
71.18%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the UMA – UMA cryptocurrency:
UMA, founded by Allison Lu and Hart Lambur, aims to revolutionize global markets through a universally fair, accessible, secure, and decentralized protocol. Drawing from their experience in traditional finance, the founders have created an open-source platform for trustless financial contracts. Despite its ambitious goals, UMA scores a modest 6.08 out of 10 in the fundamental analysis of the UMA – UMA cryptocurrency. This score reflects a balance of strengths and weaknesses across various criteria, suggesting a project with potential yet facing significant challenges.
SOCIAL & MASS MEDIA: Score 4.3 out of 10
UMA’s presence in social and mass media is moderately underwhelming, with a score of 4.3 out of 10. The project struggles to attract followers on social media and maintain active community engagement, scoring low in these areas. However, its presence in mainstream media is notably strong. This mixed performance indicates that while UMA has managed to garner media attention, it has yet to effectively translate this into robust social media engagement and community growth.
AUDIT & SECURITY: Score 6.85 out of 10
In the realm of audit and security, UMA scores a more reassuring 6.85 out of 10. The project has shown decent results in audits and maintains satisfactory liquidity on exchanges. However, transparency of publicly available information remains an area for improvement. This score suggests that while UMA is taking steps towards ensuring security and trust, there is room for enhanced transparency to bolster investor confidence.
TOKENOMICS: Score 6.95 out of 10
UMA’s token economy, or ‘tokenomics’, earns a score of 6.95 out of 10. The project shows strength in managing inflation, but its centralization of the monetary mass could be a concern. This indicates a balanced approach in managing its token ecosystem, though concerns about centralization may impact its perception among proponents of decentralized economies.
ECOSYSTEM DEVELOPMENT: Score 6 out of 10
Regarding ecosystem development, UMA achieves a score of 6 out of 10. The project has room for improvement in meeting objectives and planning new developments. This suggests that while UMA is progressing, the pace and effectiveness of its development activities could be enhanced to better realize its ambitious goals.
TEAM & DEVELOPERS: Score 4.4 out of 10
The UMA team, including its developers, scores a modest 4.4 out of 10. The experience of the team is rated averagely, and while the number of developers is adequate, this suggests that the team may benefit from additional expertise or experience to drive the project forward more effectively.
PRODUCT & UTILITY: Score 7.2 out of 10
UMA’s product and utility fare better, with a score of 7.2 out of 10. The product’s utility is recognized, though the utility of tokens within the ecosystem could be improved. This indicates that while the core product is strong, its integration and value within the broader UMA ecosystem could be further developed.
PARTNERS & INVESTORS: Score 6.25 out of 10
The project scores 6.25 out of 10 in terms of partners and investors. While UMA has managed to attract capable investors, the number and quality of partners are areas where improvements could be made. This score suggests that expanding and deepening partnerships could be key to UMA’s future success.
Fundamental analysis of the UMA – UMA cryptocurrency – The final conclusion
What is UMA?
UMA, established in 2018 by ex-Goldman Sachs traders Allison Lu and Hart Lambur, aimed to democratize global markets. It leverages traditional finance derivatives for creating trustless financial contracts. This approach enables anyone, regardless of location, to craft and execute financial contracts on an open-source platform.
UMA’s Unique Approach
Central to UMA’s infrastructure are its oracles, crucial for bridging external data with on-chain environments. UMA employs an optimistic oracle, which operates on a “true unless disputed” basis. This approach allows anyone to propose data, considered accurate if unchallenged within a specified timeframe. This differs from traditional price-feed oracles, offering more flexibility and incorporating human judgment. The concept, evolving since 2014, emphasizes human intelligence’s role in verifying data, especially for Web3 applications requiring diverse, non-codeable data.
Optimistic Oracle Mechanics
UMA’s optimistic oracle involves three key actors: data requester, data provider, and potential disputant. Disputes are resolved by UMA token holders within 48 hours, with incentives for accurate dispute resolution. The system comprises phases like open voting, vote confirmation, and reward claiming. Rewards are compounded and enhance the voting power of token holders.
Security and Accessibility
UMA’s system prioritizes security and accessibility. Its smart contracts cater to decentralized application developers. Any UMA token owner can engage with the oracle, with the token itself based on Ethereum. Compatible wallets include Metamask, Trezor, and Ledger. The voting process requires connection to the UMA voting Dapp. Moreover, all oracle contracts have been audited by OpenZeppelin, ensuring robust security.
- Latest analysis update: December 25, 2023
UMA - UMA performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
