UMA
Universal Market AccessUSD 2.66
as of 2024-10-15 16:40:02 UTC
What
What is Universal Market Access (UMA)?
UMA is the ticker symbol for Universal Market Access, a decentralized platform for creating and trading synthetic assets. It enables users to create synthetic assets that track the price of real-world assets, such as stocks, commodities, and fiat currencies, without the need for ownership of the underlying assets. UMA uses a combination of smart contracts and on-chain data to maintain the stability of its synthetic assets.
Why
Why was Universal Market Access (UMA) invented?
UMA (Universal Market Access) was created to provide a decentralized platform for creating and trading synthetic assets that track the price of real-world assets, such as stocks, commodities, and fiat currencies. The goal of UMA is to increase accessibility and reduce barriers to entry in traditional financial markets, allowing people to trade a wider range of assets using only cryptocurrency. This can provide users with increased flexibility, lower costs, and improved security compared to traditional asset trading methods.
Who
Who created Universal Market Access (UMA)?
UMA (Universal Market Access) was co-founded by Hart Lambur.
When
When was Universal Market Access (UMA) launched?
2019
Where
Where can you buy/invest in Universal Market Access (UMA)?