[PRESS RELEASE – Please Read Disclaimer]
AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the staking of the Umbrella token (UMB) on Apr 26 at 2:00 p.m. UTC.
AscendEX’s innovative staking product allows users to participate in staking and earn rewards directly on the platform. Umbrella Network joins a growing portfolio of notable tokens including DOT, ATOM, and XTZ. AscendEX will be receiving validator rewards by running a UMB node which they will pass along to staking users.
Umbrella Network is a community-owned, decentralized oracle service providing secure, low-cost, and massively scalable data solutions to blockchain and decentralized finance applications. The UMB native token is utilized for governance and liquidity rewards in a Delegated Proof of Stake system.
Umbrella provides access to data previously unavailable to blockchain developers across multiple segments, including mid and
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