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Description

Description


UMC is an Ethereum-based token, the native currency in the Umbrella Coin, a benefits platform made in order to deal with the hidden costs of insurance. 

Full Name Umbrella Coin (UMC)
Start Date N/A
Algorithm ETH Token
Proof Type N/A
Website https://www.umbrellacoin.org/
Twitter @umbrellacoin
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
ICO Details

ICO Details


UMC is built on the UMC network. The UMC network carries an unspecified amount of UMC to handle benefits payouts. This pool acts as float. Traditional insurance companies take money from premiums and immediately invest it. UMC allows you to own a stake in the network float and be involved in the payout process.

Team:

  • Terry Tata: President and CEO
  • Roshan Parikh: Lead Blockchain Developer
  • David Lackey: Software Architect
  • Elizabeth Sternhell: Senior Software Engineer
  • Forrest Whitehouse: Chief Softwaree Engineer
  • Christopher Fong: Backend Software Engineer
  • David Arnold: Marketing and Sales
  • Alexander Vargas: Marketing and Sales

Token reserve split (31.2%) -

  • 20% float pool
  • 10% Team
  • 1.2% Bounty
ICO Status Ongoing
Token Supply 100000000
Start Date 2017-08-20
End Date 2017-09-20
Fund Raised (BTC) 1524.75 ETH
Fund Raised (USD) 447483.63
Start Price (USD) 0.0016667
Security Audit Company N/A
ICO Legal Form N/A
ICO Jurisdiction N/A
Legal Advisers N/A
Blog https://medium.com/@umbrellacoin
White Paper https://github.com/umbrellacoin/umc/blob/master/documents/UMC.pdf
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