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Umoja (UMJA)

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Status
IDO

Umoja is an asset-hedging protocol that automates minimizing cryptocurrency exposure risk, enabling anyone to protect themselves from market losses.

Funding Round: $1.5M

Funding Round: N/A

Funding Round: $2M

Umoja White Paper Whitepaper

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User Rating
Medium
3/5 1 votes
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Ticker
UMJA
Type
Utility-token
Token standard
ERC-20
Registration countryUnited States
Registration year2024
Office address1721 Broadway, Oakland, California 94612, US

What is Umoja

Umoja Labs builds Web3 banking infrastructure for international payments and FX risk management.

With Umoja, user can rely on:

  • Unbeatable Pricing
  • Simple Protection Process
  • Opt-Out Flexibility
  • Low Counterparty Risk

Built by alumni from Goldman Sachs, CosenSys, Plaid, and Amazon, Umoja's vision is to enable anyone to hedge the risk of any asset, affordably protecting retail, sophisticated, and enterprise investors from market losses.

Umoja Roadmap

1
Alpha Version - Q4 2023
  • Core Feature: Customizable CeFi Loss Coverage
  • Asset Coverage: BTC, ETH
2
Beta Version - Q1 2024
  • Core Feature: Standardized CeFi Term & Perpetual Loss Coverage
  • Asset Coverage: BTC, ETH, SNX, AVAX, OP, WBTC/ETH (Strangle), DAI/ETH (Strangle), Others to be announced
3
Version I - Q2 2024
  • Core Feature: DeFi Term/Perp Options
  • Asset Coverage: Major Cryptocurrency Markets & Select Fiat & RWA Markets
4
Version II - Q3 2024
  • Core Feature: Standardized CeFi & DeFi Term, Perpetual, & Dynamic Loss Coverage
  • Asset Coverage: BTC, ETH, SNX, AVAX, OP, WBTC/ETH (Strangle), DAI/ETH (Strangle), Higher-Volume Tokenized RWAs, Others to be announced

Token Sale Dates

IDO

Start date: May 15, 2024
End date: May 17, 2024

Token Allocation

Total Token Supply 1,000,000,000 UMJA
Total Tokens for Sale 50,000,000 UMJA

Funding Details

Funds Raised (as of now) 3,500,000 USD

Restrictions

Residents of the following countries are prohibited from participating
Belarus, Democratic Republic of the Congo, Côte d'Ivoire, Cuba, Islamic Republic of Iran, Iraq, Democratic People’s Republic of Korea, Liberia, Myanmar, Sudan, Syrian Arab Republic, United States of America, Bolivarian Republic of Venezuela, Zimbabwe

Token distribution


20% - Core Team
4% - Partnerships
5% - Community
15% - Investors
20% - Protocol Treasury
15% - Staking Incentives
21% - Insurance Pool

Token Price and Payment Options

Token price USD 1 UMJA = 0.2 USD

Project team

Robby Greenfield
Robby Greenfield
CEO & Co-Founder
Robby Greenfield linkedin-team
Jonathan Lewis
Jonathan Lewis
CPO & Co-Founder
Jonathan Lewis linkedin-team
Karima Williams
Karima Williams
Head of Growth
Karima Williams linkedin-team
Colan Walsh
Colan Walsh
Head of Derivatives Trading
Colan Walsh linkedin-team
Qijiong Jiang
Qijiong Jiang
Head of Technology
Qijiong Jiang linkedin-team
Emanuel Reynoso
Emanuel Reynoso
Senior Software Engineer
Emanuel Reynoso linkedin-team
Victor Akerele
Victor Akerele
Senior Software Engineer
Victor Akerele linkedin-team
Maria Elena Pina Vargas
Maria Elena Pina Vargas
Product Lead
Maria Elena Pina Vargas linkedin-team
Vivek Rai
Vivek Rai
Delivery Manager
Vivek Rai linkedin-team

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