Umbrella Network Announces UMB Token Listing on PancakeSwap
Umbrella Network is eggs-cited to announce that its tasty UMB token has flipped over to PancakeSwap, a highly liquid Binance Smart Chain-based DEX with a wide array of secondary DeFi features. Liquidity has been added to a UMB-BNB Syrup Pool on PancakeSwap to allow immediate trading. Users can now use Chainswap to bridge UMB from ETH to BSC, and start swapping right away. Delicious!
The UMB ERC-20 token will be listed on Binance Smart Chain (BSC) as a UMB BEP-20 token after being bridged over from Ethereum. Due to the current network congestion on Ethereum and the resulting high network fees, the listing of UMB on PancakeSwap will allow our users to have a better overall trading experience with lower fees and faster transaction times. Overall circulating supply will not be impacted.
Please note, there are many fake UMB on BSC, just like on Ethereum, so please be careful and double check the contract address, which is the same on both chains. To trade on PancakeSwap, you will need to enter the UMB token address and add the token.
The UMB token contract address will remain the same on BSC :
0x6fC13EACE26590B80cCCAB1ba5d51890577D83B2
Binance- https://bscscan.com/address/0x6fc13eace26590b80cccab1ba5d51890577d83b2
About Umbrella Network
Umbrella Network is a scalable, cost-efficient, and community-owned oracle for the DeFi and blockchain community. Its Layer 2 technology uses the latest advances in Merkle tree technology to write multiple data points on a single on-chain transaction, allowing for the batching of data to smart contracts accurately, securely, and inexpensively. Umbrella believes a community-owned oracle is not only possible but essential to creating a truly decentralized financial system.
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