Frequently Asked Questions

Umi Digital is a decentralized cross-chain Non-Fungible Tokens & Metaverse project built on the Sora (XOR), Polkadot (DOT), Ethereum (ETH), Binance Smart chain (BSC) and Polygon (MATIC) blockchains. Focusing on the development and utility of NFTs and their innovative uses and applications in the Metaverse (known lovingly as the UMIVERSE) and within Decentralized Finance.

$UMI is the governance token of Umi Digital, it grants voting rights so owners can participate in the how the platform is run. $UMI can also be used to pay for services and objects, within the Umi Digital Metaverse known as the UMIVERSE. Holders of $UMI can earn compounding interest on their $UMI by staking. Staking generates a passive income for investors and ecourages long-term holding of $UMI. Stake your $UMI alongside rare NFTs to turbo-charge your staking rewards. 

There is a fixed supply of 33,000,000,000 UMI tokens inclusive of all blockchains.

Non‑fungible tokens (NFTs) are special tokens that are used to create verifiable digital scarcity, as each token is unique and different the next. This means your collectable NFT are limited and digitally scarce. NFTs are tradable and can be bought and sold without restrictions on NFT marketplaces such as Opensea, Rarible or Unique One.

The current batch of Umi Digital NFTs are minted on the Ethereum blockchain. After Sora mainnet launch we will consider the next blockchain to start minting on. We will not take action of the next blockchain to mint on lightly and will consider a proposal with public voting from stakeholders as a possible way to finalize this decision.

No. UMI has a fixed supply. There are only 33,000,000,000 UMI in existance and there can never be any more, only less (via burning mechanism) so in this regard, $UMI can be considered a deflationary asset. 

No, it is not possible to mine UMI.

$UMI can be purchased via a number of Decentralized Exchanges and Centralized Exchanges. More exchanges are coming online everyday. The full updated list of current available exchanges can be found here

Ethereum

1. Open MetaMask and click on the menu icon
2. Click on the “ADD TOKEN” button
3. Select “Custom Token” tab
4. Paste the following contract address into “Token Address” field:

0x61107a409fffe1965126aa456af679719695c69c

5. Click the “NEXT” button
6. Click the “ADD TOKENS” button
7. Done

 

Binance Smart Chain

1. Open MetaMask and click on the menu icon
2. Click on the “ADD TOKEN” button
3. Select “Custom Token” tab
4. Paste the following contract address into “Token Address” field:

0x9f4298f2893e756030515f7b0dc85065cfae674b

5. Click the “NEXT” button
6. Click the “ADD TOKENS” button
7. Done

Here are the official token contract addresses:

 

Name: Umi Token
Symbol: UMI
Decimals: 18
UMI ERC20 Token contract: 0x61107a409fffe1965126aa456af679719695c69c
UMI XOR-SS58 Token contract: 0x003252667a82d2dd70fa046eea663eaec1f2e37c20879f113b880b04c5ebd805

UMI BSC Token contract: 0x9f4298f2893e756030515f7b0dc85065cfae674b

 

 

Here is a list of the notable wallets and smart contract addresses: 

 

UMI ERC-20 Staking

0x607f27194989c236a7a1506a6857e9d8b5793bb4

 

Team Wallet
0xC28B322914029F737F184bc96C98cB96De0310C3


Transparency Index DeFI Fund

0x446c14d40Bfd1014C474eA87011307A734C7487A


Hashi (Eth <-> Sora) Bridge

0x1485E9852ac841b52eD44D573036429504f4F602

 

 

Umi Tokens, Liquidity Pool Tokens and NFT’s! Each NFT has its own unique properties and magical powers. Tokens and Multiple NFT’s can be staked together for turbo-charged APY generating power boosting results!

Yes! For sure. This is a feature we had to include. Umi aims to link artists and blockchain technology together.

Indeed – correct! There will be a marketplace for you to purchase and sell NFT’s!

Well we are breaking the mold here. Umi loves to bring the physical art to digital and back again. We will have our very own Umi Art Gallery for people to purchase one of a kind, hand drawn physical pieces, with the ability to pay in Umi Token amongst other Payment Methods, for worldwide express delivery.

Your APY returns! Mixing Umi Tokens and NFT’s will turbo-charge your Umi Token pool.

Annual percentage yield

Essentially yes, differently priced NFT’s will provide different powers and yields within our application.

All Umi NFT’s will generate staking powers! Please take a look at our Medium Article for more information:

https://umi-digital.medium.com/defi-farming-turbo-charged-returns-2274458f4f3f