Umbrella Coin

Umbrella Coin is a new cryptocurrency venture and launching via an Initial Coin Offering (ICO). Umbrella Coin and most cryptocurrency start-ups raise capital through an initial coin offering, or I.C.O., a type of fund-raising campaign in which investors buy receive virtual “tokens” using Bitcoin, Ethereum or another cryptocurrency. Umbrella Coin and other cryptocurrency start-ups are generally unregulated, used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists. Why buy Umbrella Coin? In Umbrella Coin ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project which potentially reaping massive rewards.

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Umbrella CoinToken/Coin ID: UMC
Platform: Ethereum
Bonus: Available
Business Category: Other, Platform
Launch Date: 2017-08-20 – End Date: 2017-10-20
Website: https://www.umbrellacoin.org/

Umbrella Coin Related Links: Umbrella Coin Facebook | Umbrella Coin Twitter | Umbrella Coin Whitepaper

Umbrella Coin Market Cap

UMC`s token supply is fixed at 100 million tokens.

1.2% of tokens will be distributed toward the bounty program.
10% of the tokens will be distributed toward the team.
20% of the tokens will be held for the preliminary float
68.8% of the tokens will be available for the crowdsale.

About Umbrella Coin

Own Your Capital

UMC is built on the UMC network. The UMC network carries an unspecified amount of UMC to handle benefits payouts. This pool acts as float. Traditional insurance companies take money from premiums and immediately invest it. UMC allows you to own a stake in the network float and be involved in the payout process.

Claims and Benefits

UMC will pay you a benefit during specific life events to ease the burden of financial hardships. This includes items such as deductibles, co-pays, and co-insurance. Claims are paid out from the existing float. Extensive measures will be taken to ensure coin holder safety including mature dates, maximum payouts, and voting on fraudulent claims.

Peace of Mind

At the end of the day, your insurance should be there to help you get through tough times, while still letting you enjoy the good times. UMC`s next-generation platform to engage the community and crowdfund benefits packages gives you peace of mind that, in case of emergency, you will be taken care of.

Distribution/Crowdsale

  • Issuance of UMC Tokens: 100,000,000 Tokens
  • Exchange rate: 600 UMC = 1 ETH
  • Minimum contribution: 60 UMC = 0.1 ETH
  • Maximum contribution: 1,800,000 UMC = 3000 ETH
  • Bonuses: in the first two days, the participants will get a 20% tokens bonus
  • Bounty: 1,200,000 Tokens (1.2% of issuance)
  • Token distribution rules:
    • 68.8% (68 million tokens) will be available to participants
    • 20% (20 million tokens) will be used to build a preliminary float pool.
    • 10% (10 million tokens) will be distributed among team members

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