What is UMA (UMA)?
UMA is a blockchain oracle and dispute arbitration system on the Optimistic blockchain. UMA's oracle system provides data for various projects including cross-chain bridges, insurance protocols, custom derivatives, and prediction markets. Two notable projects that use UMA are Outcome, a DAO tooling platform built on UMA, and Across, a cross-chain asset bridge secured by UMA.
How UMA (UMA) Works
UMA allows contracts to quickly request and receive data information. It acts as a relayer between contracts that initiate a price request and UMA's dispute resolution system known as the Data Verification Mechanism (DVM).
When a contract requests a price, UMA sends it to the DVM. If there is a problem, the DVM proposes a vote to UMA token holders who then report the price of the asset at a specific time.
The DVM is important because it uses human judgment to make sure contracts are managed safely and correctly, especially during volatile market conditions.
The UMA protocol is powered by the native token of the same name, UMA token. It is used to vote on changes and disputes related to UMA, such as responding to price requests, approving new prices and currencies, upgrading the core DVM protocol, and stopping bad contracts. The token is important because it helps keep the smart contracts and oracle system secure. The DVM makes sure that it would cost more to cheat the system than the potential gain, and voters get rewarded with more tokens.
How Many UMA (UMA) Tokens Are in Circulation?
UMA token has a total supply of 108,858,567, among which 68,947,415 tokens are being circulated.
How to Buy UMA (UMA)
Consider investing in UMA (UMA)? It only takes 2 minutes to create an account on Bitget and start trading UMA.
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UMA (UMA) Resources
Simple 3-step guide to buying UMA today in Peru
Create your free Bitget account
Select a funding method
Complete your UMA purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for UMA using a payment method of your choice:
Buy UMA with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your UMA order.
How to buy crypto with credit/debit cardBuy UMA with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into UMA is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your UMA order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your UMA order.Buy UMA with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your UMA order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor UMA in your Bitget spot wallet
Bitget—where the world trades UMA
How to buy UMA for free
- Learn how to earn UMA for free through the Learn2Earn promotion
- Earn free UMA by inviting friends to join Bitget's Assist2Earn promotion
- Receive free UMA airdrops by joining ongoing challenges and promotions
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FAQ
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Located on the Pacific coast of South America, Peru is the third largest country in the continent, boasting a population of 32 million. Lima stands as both its capital and biggest city and is home to almost a third of the country’s entire population, overlooking Peru’s scenic western coast while serving as the nation’s political, financial, commercial, and cultural hub.
If you’re a fan of the great outdoors, Peru is perfect for those looking to experience a diverse range of biomes, spanning from the Pacific Ocean by the west to the famed Andes mountains running from north to south and finally to the Amazon Rainforest and River located in the east.
Economically, Peru is also one of the region’s most prosperous countries, reporting an average growth rate of 5.9% in 2017 and an industrial growth rate of 9.6% as of 2018. It forms part of an economic group in Latin America known as The Pacific Pumas and also actively partakes in the Asia-Pacific Economic Cooperation forum, the Pacific Alliance trade bloc, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and the World Trade Organization.
Peru’s national currency is the Sol (PEN), and with direct support from Bitget, you can purchase UMA(UMA) in a matter of minutes, whether you’re in Lima, Arequipa, Trujillo, Chiclayo, or elsewhere in the country. Our exchange uses a variety of secure methods including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and numerous credit cards to offer you plenty of payment options with proven security.