hello binancian, I will discuss about uma coins

UMA, or Universal Market Access, is a protocol for the creation of synthetic assets based on the Ethereum (ETH) blockchain. Synthetic assets are asset classes that represent different underlying assets and have the same value.

UMA specifically enables its users to design and create self-executing, self-enforcing financial contracts secured by economic incentives and running on the Ethereum blockchain.

In essence, UMA enables counterparties to digitize and automate any real-world financial derivative, such as futures contracts, contracts for difference (CFDs), or total return swaps.

Reporting from Coinmarketcap, UMA was launched in December 2018. It also allows the creation of self-fulfilling derivative contracts based on digital assets, such as other cryptocurrencies.

Even when Bitcoin corrections, it remains strong, maybe if Bitcoin reverses, the coin will rise really crazy like ORDI.

stay DYOR binancian, no FOMO. HAPPY TRADING BINANCIAN😊😊

$UMA #UMA #TradeNTell

$UMA