Umee Buckles Down for Mainnet With $32M Token Sale on CoinList

Posted on by American Coins & Gold

Umee Buckles Down for Mainnet With M Token Sale on CoinList
Umee raised $32 million from community members who piled into the chain-hopping network’s UMEE token ahead of mainnet launch, slated for mid-February 2022.Umee set a CoinList record with 922,000 wallet registrations, though only 64,000 ultimately bought, CoinList Head of Sales Mike Zajko told CoinDesk.The flexible decentralized finance (DeFi) base layer, which plays nice with protocols built for Ethereum as well as its native Cosmos, closed the CoinList sellout earlier this month, CEO Brent Xu told CoinDesk.Xu, a former bond trader who went full crypto in 2016, said Umee is focused on red-pilling the “inefficient” $200 trillion global debt market. It…