rUMB tokens serve as the reward tokens from Umbrella Network’s staking program. Here’s how they work and what you can do with them

rUMB1 to UMB Conversion Event

Let’s start with what an rUMB token is

When you stake your UMB tokens (either BEP20 or ERC20) on Umbrella Network’s Staking Platform, the rewards that you get, are rUMB tokens.

These rUMB tokens can be redeemed for UMB tokens on a 1:1 basis, on the achievements of certain milestones. The first such milestone was revealed here. …

Umbrella Network’s President, John Chen, was recently invited for an AMA by the CRYPTOSCREEN community to answer questions from the community.

Venue: CRYPTOSCREEN Telegram Channel

On: Wednesday, 12th January 2022|Time: 2:00 PM UTC

Umbrella Network’s President, John Chen, was recently invited for an AMA by the CRYPTOSCREEN community to answer questions from the community.

Umbrella is a scalable, community-owned oracle that securely brings external data on-chain. It is the first decentralized…

Umbrella Network adds another partner to its growing list — Synapse Network’s SNP-USD price feed is LIVE on our Layer-2 Data Feed.

TL;DR

  • Umbrella Network announced a partnership with Synapse Network — a cross-chain investment ecosystem that offers unique crypto-investing opportunities to both retail and institutional investors via its launchpad
  • Synapse Network is sourcing their data from Umbrella Network due to the low-cost, high-throughput resistance, wide coverage, and end-to-end authenticity of data…

Umbrella Network’s President, John Chen, recently held an internal AMA in the main Umbrella Network Telegram channel to answer questions from the community.

Internal AMA with John Chen | 5th January | 1 pm Utc

Venue: Umbrella Network Telegram Channel

Date: Wednesday, 5th January 2022

Time: 1:00PM UTC

Umbrella is a scalable, community-owned oracle that securely brings external data on-chain. It is…

Season’s greetings from Umbrella Network. Here’s a recap of what we were up to in December and what we’re planning to do in 2022.

If 2021 was the year of fast-paced developments and mainnets announcements, 2022 is the year we turn up the dial to 110%.

We’re going to ramp up our efforts towards increasing the adoption of our decentralized oracles by the thousands of dApps that are building on Blockchain.

Without further ado…

Umbrella Network adds DEAPCoin token as Layer-2 Data on their decentralized oracle

Umbrella Network is thrilled to continue extending cross-chain functionality by way of a new partnership with PlayMining — a global GameFi and NFT entertainment company.

Pricing data on its DEAPCoin asset will be natively available for dApps natively via smart contracts thanks to Umbrella Network’s decentralized oracle.

TL;DR

  • Umbrella Network’s…

Umbrella Network is pleased to announce the launch of the Hadley BSC and Polar BSC Streams.

Umbrella Network is pleased to announce the launch of the Hadley and Polar BSC Streams — on Umbrella Network’s staking portal — where you can earn rewards by staking UMB or UMB LP tokens for rUMB!

TL;DR

  • Umbrella Network’s Staking Portal (staking.umb.network) now supports staking on the BSC Blockchain too

Umbrella Network has launched a Governance portal — gov.umb.network to enable members of the community to participate in forum discussion to progress the future development of Umbrella Network.

Umbrella Network Launches Governance Forum and Voting Portal

TL;DR

  • Umbrella Network’s Governance Portal provides greater input and participation of the community
  • Community members will now be empowered to create, submit, discuss, and vote on proposals in a structured and transparent manner
  • Proposals accepted by majority community vote in the Governance Portal shall be formalized via voting on the

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