UMBI Token (ERC-20)
Introduction
The UMBI Token is the utility and governance token of the UMBI Protocol. It aligns incentives between farmers, investors, and the protocol by powering staking, governance, and community-driven growth.
| Attribute | Value |
|---|---|
| Name | UMBI Token |
| Decimals | 18 |
| Total Supply | 16,000,000 |
| Initial Marketcap | TBD (based on offering) |
| Mintable | ❌ |
| Burnable | ❌ |
| Fixed Supply | ✅ |
| Governance | ✅ |
| Staking | ✅ |
How Does UMBI Token Utility Affect the Price?
The value of the UMBI Token is closely tied to its utility within the protocol:
- Farm Reward Distribution: The protocol can set the FarmReward token to be UMBI. This creates direct demand from farmers, who must purchase UMBI to deposit as rewards for their NFT holders.
- Escrow Mechanism: Some UMBI tokens may be locked for long periods, reducing circulating supply.
- Staking: UMBI holders stake tokens to earn protocol rewards, creating additional demand and reducing sell pressure.
- Early Stage Incentives: In the early phase, buying farm NFTs also unlocks access to UMBI rewards, encouraging early adoption and long-term holding.
Below is flow chart that display Umbi Token lifecycle. Together, these mechanisms ensure that UMBI demand grows alongside protocol adoption.
How to Get This Token?
UMBI Tokens can be acquired through multiple channels:
- Claiming Rewards - FarmNFT holders earn UMBI tokens as part of profit distribution.
- Fundraising Participation - Contributing to Farm Offerings or protocol fundraising events.
- Liquidity Provision - Supplying liquidity to trading pools and earning UMBI as an incentive.
- Community Events - Airdrops, bug bounties, and ecosystem participation.
- Market - Buy from decentralized exchange or any local exchange that support UMBI.
Allocation
The initial supply of 16,000,000 UMBI will be distributed as follows:
| Allocation Category | Percentage | Notes |
|---|---|---|
| Founders & Core Team | 30% | Vesting to ensure long-term commitment (strategy under discussion: time-based vs. market cap based). |
| Strategic Partners & VCs | 15% | Early backers providing capital, tech, and market support. |
| Liquidity Provision | 10% | To bootstrap decentralized exchange pools. |
| Community & Incentives | 45% | Bug bounties, airdrops, staking rewards, ecosystem growth. |
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