Blockchain technology and decentralized finance definitely are among the most important inventions ever made by mankind, and the financial revolution instigated by these inventions is inevitable. However, there are a lot of issues that impede the industry’s development. And difficulties in both getting access to investments for your startup and investing early for earning interest are among the chief ones.
Unfortunately, there is a lot of pressure on the DeFi industry to make it more like traditional finance. As a result, we see gradually increasing bureaucracy, KYC procedures, and gatekeeping, preventing retail investors from accessing the most lucrative opportunities.
Fortunately, offers a solution to this problem. UMAY is a decentralized IDO platform that provides crypto startups with easy access to capital and investors - with opportunities to invest in the most promising startups at early stages without sacrificing their privacy. Moreover, it offers a wide range of DeFi services, so it takes care of most financial needs of its users just on a single site.
Privacy first
privacy is one of the core values of the UMAY projects. UMAY users do not have to pass any KYC or other verification procedures. However, startups and their founders have to be verified - otherwise, the risk of fraud will be too great.
UMAY cross-chain ecosystem
UMAY runs in multiple blockchains at once: Ethereum, BINANCE Smart Chain, Cardano, Tezos, and Polychain, and the ecosystem’s state is synchronized between them. UMAY tokens are also “shared” - there are “wrapped” versions of UMAY tokens in every blockchain. More blockchains will be integrated into the UMAY ecosystem in the future.
UMAY Token
UMAY token is a native currency of the ecosystem, used for all activities within it: from accessing IDO Launchpad and investing to staking and collateralized loans. You can think of it as the “fuel” the platform runs on.
Launchpad
UMAY Launchpad is the main product offered by UMAY. It is a fully decentralized cross-chain platform that connects promising crypto startups and retail investors. And due to the low threshold for guaranteed allocations and the absence of KYC for investors, it is by far the most accessible and democratic IDO platform on the market.
Startups are allowed on the IDO Launchpad only after careful analysis by leading market professionals and a thorough verification process, so the risk of fraud is minimized.
Venture Fund
Businesses that initially formed the UMAY Consortium and launched the project also founded the UMAY Venture Fund, which will finance the most promising startups at the initial stages of development. The first investment was the iDOS Games project, which received 10% of the initial $1 million of investment funds.
Members of the UMAY Community and partner companies will gradually join the venture fund, leading to its expansion. In addition, there are plans for integrating third-party launchpads in order to provide access to more investment opportunities for UMAY users.
DeFi Protocol
DeFi services are another essential part of the UMAY ecosystem. There is a wide range of DeFi services available via UMAY Protocol: from staking to loans with NFT collaterals (as well as other forms of loans)
UMAY NFT Marketplace
The NFT boom didn’t go unnoticed by UMAY developers. Cross-chain NFT Marketplace (Ethereum, Binance Smart Chain, Tezos, Polychain, Cardano are integrated at the moment) is an integral component of the ecosystem. Moreover, instead of buying individual NFTs, users can invest in NFT indices.
UMAY Payment System
It links all blockchain and even off-chain companies in the UMAY ecosystem. Basically, it ensures that transactions are as simple as possible and do not cost more than they should.
OTC Marketplace
UMAY team took an unusual approach to the development of an integrated crypto exchange. At its core, it is an OTC Marketplace, which will gradually evolve into a full-fledged peer-to-peer crypto exchange that will, of course, protect users’ privacy.
Off-chain businesses
Integration of off-chain business is a unique feature of the UMAY ecosystem. The UMAY Consortium is formed by the most dynamic and innovative companies in Central Asia, including Kinopark Theaters (the largest cinema network in Central Asia) and Royal Petrol (a network of over 70 gas stations). These companies choose to integrate their business with UMAY via cashback in UMAY tokens, discounts for stakers, etc.
Similar policies will also be implemented by all companies that partner with UMAY in the future.
Conclusion
UMAY will be a great boon to the crypto industry as a whole. It facilitates access to crypto projects to capital and provides more people with access to lucrative crypto investments. In addition, it is the very first platform in Central Asia that bridges the gap between “on the ground” businesses and decentralized finances.
