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Exchange UMA (UMA)

If you're looking to swap UMA, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is UMA or some fresh information about UMA’s price movements. And, of course, we provide you with the multiple UMA exchange options so that you can choose the offer with the best rates and lowest UMA fees, as well as other parameters that suit you.

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UMA Price Stats

To help you make a decision about exchanging your UMA, we gathered some cold hard numbers: UMA price chart and other stats, such as UMA market cap.

24H HIGH

24H HIGH $2.215

UMA MARKET CAP

UMA MARKET CAP $216,747,752.785

CIRCULATING SUPPLY

CIRCULATING SUPPLY 109,258,785.145 UMA

24H LOW

24H LOW $1.6976604

UMA PRICE

UMA PRICE $1.9838016

24H VOLUME

24H VOLUME $22,873,369.008

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UMA Price Chart

Here you can see the current price of UMA, as well as UMA price history.

What is UMA?

UMA is a governance token of the UMA Project – a protocol enabling anyone to create synthetic tokens representing any real-world assets. UMA, which stands for Universal Market Access, was founded in 2018 by Goldman Sachs alumni and boasts an impressive list of backers, including Bain Capital Ventures, Coinbase Ventures, and others.

There are two key mechanics employed by the project — Priceless financial contracts and the Oracle system. Priceless contracts are used to mint synthetic tokens by locking collateral into a smart contract. UMA’s innovative approach is that those contracts do not require constant monitoring of the underlying assets’ prices; instead, it’s the token holders’ responsibility to make sure that their synthetic assets don’t become undercollateralized. If they do, another actor in the network – a liquidator – comes into play and liquidates the position. Liquidators are kept in check by disputers: if liquidation is made in a bad faith, they open a dispute. The Oracle system is made exactly for these cases: it reports the actual price of the asset in question, which decides the outcome of the dispute. Throughout this whole process, the honest parties are rewarded and the dishonest ones are penalized. UMA tokens are used in the dispute system to vote for price requests. The second role of the token is voting on the general improvements of the protocol.

A Simple Way To Exchange UMA Here At SwapSpace

Step 1
Step 1

Choose a pair

Choose the cryptocurrencies you would like to exchange among more than 1600 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.

Step 2
Step 2

Select the best rate

You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.

Step 3
Step 3

Transfer funds

Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!

Step 4
Step 4

Receive your coins

You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.

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Frequently Asked Questions

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Popular Exchange Pairs with UMA

Those cryptocurrencies are most frequently traded with UMA at SwapSpace. Join our other customers in the “Exchange Pairs” section!
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