UmiPrice

(UMI)

Umi Network is a Layer-2 infrastructure project built on the Optimism stack designed to bridge the gap between different blockchain environments. It addresses the fragmentation of liquidity by unifying the Move ecosystem with Ethereum’s liquidity. By allowing Move and Solidity (EVM) contracts to operate side-by-side, it enables developers to utilize the security of the Move language while tapping into the existing user base and capital of the Ethereum network.

Umi Network’s dual-VM architecture allows developers to run Move and EVM contracts natively and side-by-side. This means developers do not need to rewrite their code when moving from Ethereum to Umi. The two environments are natively interoperable, allowing for seamless communication between resources. Developers can take advantage of Move’s resource-oriented design for enhanced security while maintaining full compatibility with the Ethereum Virtual Machine and its established developer tools.

The Umi Odyssey is a gamified campaign hosted on the Umi Network testnet. Community members participate by completing various quests and on-chain tasks to earn Experience Points (XP). This campaign serves as an interactive way for users to explore the network's features, such as bridging and interacting with decentralized applications, while helping the development team stress-test the infrastructure. Participation in the Odyssey is often a primary way for the community to engage with the project early in its lifecycle.

In the Umi Digital ecosystem, UMI is the primary utility token used for staking and yield farming. veUMI, or 'vote-escrowed' UMI, is a governance-focused version of the token. Users obtain veUMI by locking their UMI tokens for a specific period. Holding veUMI grants users increased voting power in governance decisions and allows them to boost their rewards in various yield farming pools, incentivizing long-term commitment to the platform.

Umi Digital offers a unique feature where certain NFTs entitle the holder to signed physical prints of the digital artwork. Once a user holds a qualifying NFT, they can follow the project's logistics process to claim their physical item. The project handles worldwide delivery, bridging the gap between digital ownership on the Ethereum blockchain and physical art collecting. This allows creators to provide tangible value to their digital collectors through verified physical assets.

The UMI Universal Money Instrument uses a Proof-of-Authority (PoA) consensus mechanism that allows for instant transfers without any transaction fees. This architecture is designed to prevent spam attacks through technical optimization rather than gas costs. Additionally, the system features a unique staking model based on smart contracts. Instead of traditional mining or complex hardware, the protocol is designed to allow participants to generate new coins simply by holding them in a supported wallet, with rewards managed via smart contract logic.