Cross-Chain DeFi Center Umee Raises $ 32 Million Through Coinlist Token Sales

Coinlist's cross-chain DeFi site Umee Eye token raised nearly $ 32 million, breaking the record for satisfied users on the platform.

Coinlist reports that over 922,000 Coinlist coins have been registered as options 1 and 2 for UMME token sales, the highest number of sales on the platform. In the end, around 63,000 accounts were helped. for

According to an article the Umee team reported to Middle yesterday, the money will be used to expand the construction and engineering teams. The beta of the web application platform will be released "in a few days" and the mainnet will be released no later than mid-February.

According to the report, $ 32 million is the fifth largest public investment in Coinlist this year. It's also the highest point in token sales this year, including BitDAO (BIT) (up over $ 43 million), GuildFi (GF) (up over $ 139 million) and more. .

In June of this year, Umee raised $ 6.3 million in its first private finance environment competition run by companies such as Polychain, Alameda Research, Coinbase and CMS Holdings.

Umee is a decentralized platform that enables competitive activities and contractual income. The website guarantees that it can help users "announce new revenue and explore DeFi app integration in a transparent and unreliable way."

It is led by Brent Xu, an advocate of ETHereum (ETH) and Cosmos (ATOM), who believe that decentralized finance (DeFi) is "the newest concept of cryptocurrency". The team hopes to continue the ideas and strategies that Tendermint used in the cosmos to create an independent set of interconnected blockchains. for

According to Xu, Umee will use the Inter-Blockchain Communication (IBC) protocol of the Cosmos ecosystem to activate the Ethereum Virtual Machine (EVM) blockchain-based tools used in DeFi applications on multiple layers of the blockchain network. used interchangeably. It's a similar design to the Cosmos, but Umee focuses on the high-interest series, the multiple-chain promise, and the competitive edge.