Review on UMA by Amos joseph
UMA
A non custodial project with a sole purpose of leveraging the financial markets, with users having ample opportunity to control or create a business transaction without third party interference. decentralized platform that allows users to write self contract that can boost their earning portfolio.
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The platform works like financial stock market in which an investor or user uses a margin capital to lower risk, can predict price of product in the market, depending on your betting if the outcome is bullish your earning will increase exponentially base on your invested capital.
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Holding UMA token gives users advantage to build synthetic ERC20 token which can be used to track price movement, it also gives developers a forum to showcase their expertise, apparently UMA is a open platform for all to shear idea on financial investment with tactical strategy.
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The platform has a promising future as an open source decentralized blockchain platform that allows users to integrate and build synthetic token, the platform support team and social handle are well active with large number of users engagement.
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Pros
- An open source non custodial financial platform that allows users to leverage financial markets by betting on product or stock movement
- UMA holders can build synthetic token and track price movement
- Using merging capital investors can reduce risk of loosing all fund
- Well active support team and social platform
Cons
- UMA platform not popular in crypto market need for mass awareness system.
