BlockBeats news, cryptographic composite asset platform UMA The tokens will be available on April 29 at 11:00 PM (Beijing time) at Uniswap with a total of 2 million tokens and an initial price of 26 cents.
It is understood that UMA token is a governance token, the main role is to act as a system governance and the resolution of the prophet dispute function, for governance, UMA token holders can vote to allow access to the system's financial contracts, asset types, key system parameters and its upgrades and UMA token allocation method. In addition, UMA token holders can also resolve disputes for no-feed contracts. When a contract dispute occurs, UMA token holders play a role by reaching consensus through DVM vote of data verification mechanism.
Original link:https://medium.com/uma-project/umas-initial-uniswap-listing-afa7b6f6a330
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