History of the origin of the UMI cryptocurrency
UMI is an independent cryptocurrency on its own blockchain, just like Bitcoin - it is absolutely transparent in transactions and can work with smart contracts. Introduced just over a year ago, the currency allows you to create new coins using staking right in your wallet. The currency's capitalization exceeds $450 million, and there is no commission at all. The developers explain this by saying that they want to be on the new wave and not slow down processes.
The PoA (Proof-of-Authority) consensus algorithm allows you to achieve high throughput without extra costs.
Among the features of cryptocurrency, the following should be highlighted:
- Guaranteed monthly passive income of up to 40% through the use of staking - the newest form of mining. By attracting new members, all user coins are collected into coin pools. This assembly generates a greater value of coins due to exchange rate activity and direct expansion of the network. The greater the coverage, the greater the cost. Nodal points in the overall blockchain system are called nodes and are independently secure.
- Maximum network security provides absolute protection against DDoS attacks. A unified distributed blockchain structure with master nodes repels any unauthorized intrusion attempting to access the transaction chain. From this side, the YUMI ecosystem is superior in security to its competitors.
- The coin circulates in a completely decentralized manner. This means that the control center, in principle, does not exist, and the structure is exclusively autonomous. In the future, the developers plan to launch an additional 10,000 master nodes and about 1,000,000 nodes for validation. It is planned to distribute nodes in more than 200 countries around the world.
- The transparency of the system is demonstrated through open source code located on GitLab. At the same time, everyone can format smart contracts on the platform, which will allow them to create and transfer their own ICO cryptocurrency projects.
The cost of the UMI cryptocurrency (YUMI) today in rubles
To date, the cost of the YUMI cryptocoin in rubles was 10.50 rubles as of August 1. Such a sharp decline in the cryptocurrency rate from its maximum values in the past of 73.59 rubles cannot yet be explained. However, according to experts, this may well concern a general decline in the cryptocurrency market.
There is also an opinion that the currency has entered correction mode, which means that before a new wave of growth, the rate will stabilize and expand its influence.
It's the right time to buy cryptocoins and prepare for an increase in its value. Remember the same thing happened with Bitcoin?
Is it worth investing in the YUMI coin in 2022?
Regarding opinions from many sources that UMI is a financial pyramid and does not represent value, you can write off the phrase “The dog barks, the caravan moves on.” The work is ongoing, the developers are moving forward, over the past year there have been no recorded failures in the main network, and its speed has reached a confirmed mark of 65,536 tx/sec.
Using a coin without commission, anonymously and for any purpose are attractive conditions for working with currency, and the developers are only improving the system.
Uninformed people say that the currency is not confirmed by real individuals and contacts. But, as you know, Bitcoin still does not know its creator.
If UMI does not talk about the creators, then there is no need to worry about the issue of anonymity - it will be respected. Whether it is worth buying the YUMI cryptocurrency now is the decision of every investor, but do not forget that in the past the same Bitcoin (which now costs almost 3 million rubles) was also bought only by enthusiasts. Many of them managed to create their own financial Empire because they believed in the development.
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UMI is a fairly new project that positions itself primarily as a universal open source tool. In other words, cryptocurrency. Here we are offered to invest our finances and earn good money from it. Many users know that cryptocurrency is quite a profitable business. However, it is important to understand that there are also very large risks here. But here we are promised that we can safely receive a stable and guaranteed income without risks! Just forgive me how, if we are talking about a coin that is new and no one knows it yet. In fact, all such projects are ordinary garbage. Yes, you will invest money here, but at the end of the day, these tokens will not be worth anything at all. And in fact, you will simply buy candy wrappers for a lot of money. Taking into account the fact that at this stage now, in principle, anyone can create their own cryptocurrency and attract investors to cooperation. Let's look at the project in more detail.
Website: umi.top
Legend about the project
UMI cryptocurrency is instant and free blockchain transfers. Innovative staking allows you to accumulate UMI coins simply by holding them in your wallet. Moreover, this cryptocurrency is going to compete with Bitcoin. But swindlers very often wishful thinking. Therefore, this legend certainly does not inspire any confidence. You can write whatever you want on the site. But where is at least one real confirmation that this is so? Speaking of the site. The site has a lot of different and abstruse words about innovation and blockchain technology. All this is done on purpose. After all, many users do not understand such terms. This is what scammers rely on. There is also a large pile of empty promises and beautiful words on the site. However, as practice shows, promises always remain communications in the practice of swindlers. They are trying to convince us that the coin will be very profitable and that our funds are reliably insured. But there are no significant guarantees for this. Let's start with the fact that cryptocurrency must develop in any case. But for this to be so, it must be supported by something. But it is not known what the UMI cryptocurrency is backed by. In fact, there is such a coin. But what's the point if it's not traded anywhere? This means that in fact its cost will be zero.
Contact details:
Project overview
Why shouldn't you invest your money in UMI Cryptocurrency? In fact, this coin is ordinary garbage. Here we are promised a profit increase of 40 percent. But in what way? This profit will simply be tritely depicted. Simply put, admins can draw you anything they want. After all, in fact, they pay for ordinary air. Users believe in the admin’s promises and buy coins for real money. In addition, here we are promised a very generous affiliate program. That is, you will still be used as free labor. Which will simply invite new trusting users and these people will also invest their finances. After which the project will simply disappear or declare itself bankrupt. And since he is anonymous, it will be almost impossible to get your money back. Here are all the facts of fraud in person. For example, contact information. These are just three email boxes where no one will answer you. Quite solid for a project that was going to compete with Bitcoin.
Reviews
The project has just appeared online. But this did not stop him from gaining a large number of negative reviews. Users accuse the project of fraudulent activities and the fact that the coin is worth nothing on the exchange. There are already first victims who believed and invested their money.
Conclusion
UMI cryptocurrency is not even close to Bitcoin. It is not traded on the stock exchange and has no weight. Simply put, you are investing money in air that will not bring you profit. The profit of 40 percent is deliberately created by scammers. To attract more naive users. Be extremely careful and avoid such offers on the Internet. Always check not only reviews about the project, but also the availability of complete legal information.
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What happened to the YUMI cryptocurrency - the latest news
Among the latest news regarding the UMI currency, it should be noted that the staking percentage in the strategic partner ISP Club increased to 27%. Also, the reward was increased from 1% to 3%. The official UMI cryptocurrency pool is developing promising crypto cards with UMI support, which will connect directly to the staking scheme.
The main feature is the instant conversion of UMI into standard currency due to the highest transaction speed. Thanks to this, staking cards can be used in everyday life when paying for usual purchases.
The economic game, which the developers announced recently, will allow you to earn cryptocoins in an interesting way. There are not many details yet. It is known that the essence of the game is to harvest from purchased trees. There are six levels, at the last one the player will receive 1202.4 WUMI per month.
Also, UMI finally made it to CoinMarketCap. Plus, the developers figured out the correct display of YUMI - the currency is a coin, not a token. Coin - because it has its own blockchain ecosystem.
Reviews
There are many reviews on thematic sites that analyze the umi top project. Most of them have negative content. Reviews of umi.top note the similarity of the project’s operating scheme with a financial pyramid, which collects money from gullible investors and is a fraud. And when a person wants to withdraw supposedly earned profits, difficulties arise.
Negative reviews
A small number of positive reviews about YUMI are most likely written by referral leaders trying to attract newcomers to their structure in the field of cryptocurrencies.
Positive feedback
An analysis of the turnover of the UMI cryptocurrency and the operation of the umi top website demonstrates that the project administration is ready to pay any percentage of income in unsecured pieces of paper for depositing cash by clients and inviting new users to participate. However, only those who started the game and are at the top of the pyramid will receive profit. The collapse will definitely happen suddenly and unexpectedly.
