Bitcoin Forum

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Hey Folks 🎉

Blockchain Space🪐 will hold an AMA with Umbrella Network on August 19th at 14:00PM UTC  🎊


💰Total Reward Pool - $100

Umbrella is the first decentralized oracle service to empower the community with the scale and security modern DeFi applications require. From electing nodes to governance, Umbrella is run without interference from centralized organizations.

📌 Rules to follow :

✅ Join Umbrella Network Telegram Group  (https://t.me/umbrellanet)& Channel  (https://t.me/umbnetannouncement)

✅ Join Blockchain Space Telegram Group  (https://t.me/blockchainspacee)& Channel  (https://t.me/blockchain_space)

✅ Follow Umbrella Network on Twitter  (https://twitter.com/umbnetwork/)

✅ Follow Blockchain Space on Twitter  (https://twitter.com/bl0ckchainspace)

We will have the following structure:

Part 1️⃣: $50/5 users – We’ll select 5 questions from the community. A user can post maximum 2 questions. 3 Questions will be selected from our Twitter – please submit your questions in the comments section of  this post  (https://twitter.com/bl0ckchainspace/status/1427645673143427085) and 2 random questions will be selected from Bitcointalk thread, please post your questions in this thread. Only 1 post is allowed per user (2 questions can be written in 1 post)

Don't plagiarize, create original questions by researching to avoid being banned by the bitcointalk moderators.

Part 2️⃣: $50/5 users – Open chat for 120 seconds. You can post Max 2 questions. Umbrella Network Team will select 5 questions and answer them.


📚Research Umbrella Network Project

🌐 Website  (https://umb.network/)


Ⓜ️ Medium   (https://medium.com/umbrella-network/)


©️ CoinMarketCap   (https://coinmarketcap.com/currencies/umbrella-network/)

To maintain your relevance of your services, data has to updated regularly. How often will you update your data bank, and how will new project enlist into your Oracle.


2..What are the requirements to become a delegator on $umbrella Network?. And how will the network select delegator for each transaction.?

Telegram username @kingemyrs

- Question n1:

Not long ago, ChainSwap suffered an attack from hackers where Umbrella Network got affected too. Can you tell us more about how you’ve been handling the afterwards of it and how will you assure your users this won’t happen to you again? Have you re-enforce your security system?

- Question n2:

It caught my attention that Umbrella Network has something called “Staking Bank”, can you tell us more about this? What function does this feature exactly have? How does this Staking Bank really work and what are the benefits that it brings to users on Umbrella Network?



Tg Username: @meml97
Tw Username: @meml1997

Hi, I just found out that Umbrella Network was one of the projects that was affected in the Chainswap hack during the course of my research and have been hodling my UMB Tokens on MXC Exchange for a long time now, I found out too late cause I wasn't following up, what actions did you take after the hack and what exactly is the way forward for me, did you also airdrop new tokens to those holding UMB on exchanges?

At the moment, you have tough competition from the likes of Chainlink, Band Protocol, Kylin, DIA, API3, etc. How do you plan to become the market leader in the world of decentralized oracle service? @araceley