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Klever Finance teams up with Umbrella Network

Umbrella Network has announced a partnership with Klever Finance, a cryptocurrency exchange and validator provider. The UMB token is now available for trading on the Klever Exchange in both ERC20 and BEP20 variants. Umbrella Network and Klever Finance have developed a partnership that will benefit the communities of both projects in a variety of ways. The Umbrella Network receives an additional exchange listing and a community validator, while Klever Finance users/traders gain access to trade a new coin (UMB), allowing decentralised oracles to be powered by trading volume.

By verifying data security and accuracy while it is processed and written on-chain, Umbrella’s Community Validators form the backbone of the larger Oracle network.

The dApps use this information to find authentic and diversified information. Klever Finance has become a community validator in Umbrella Network’s third batch of community validators.

Klever Finance has a wealth of validator node experience, having worked for some of the industry’s most prestigious firms.

The UMB token is currently available on the Klever Exchange. This enables UMB HODLers with ERC20 or BEP20 UMB coins in the Klever Wallet to increase or decrease their holdings.

Users can swap UMB directly using the Klever Swap feature in the Klever Wallet mobile app (both ERC20 and BEP20).

Umbrella Network’s president, John Chen, expressed his excitement to engage with Klever Finance on a variety of fronts. Not only is it great for UMB to be listed on the Klever market, but it’s also great for the Umbrella Network to have Klever as a community validator, according to Chen. Their significant experience as a node operator and validator was extremely beneficial to the Umbrella community, and Chen is excited to have Klever join the team on the path to absolute decentralisation.

 

Klever’s Background

Nearly 3 million people use Klever.io’s Klever App, Klever Exchange, and other planned goods around the world. The Klever App is a smart and secure cryptocurrency wallet that acts as the network’s hub. The Klever ecosystem is designed to support the world’s top-scoring blockchains, including BTC, XRP, ETH, LTC, and many others, for storing, transmitting, receiving, charging, and trading cryptocurrency. Klever Labs is working on a number of platforms, including Klever Browser, Klever Blank, and Klever Blockchain, which will allow the entire ecosystem to function. The Klever team, which includes around 90 developers and 120 total employees, is working on a number of platforms through Klever Labs, including Klever Browser, Klever Blank, and Klever Blockchain.

Umbrella Network Information

Umbrella Network is a community-driven, scalable, decentralised oracle that employs Layer 2 technology to integrate real-time data into smart contracts for accurate and timely reporting. The Umbrella Network connects the world’s data to the blockchain, allowing DeFi apps to transmit data as precisely as possible. It believes that a decentralised oracle is required to create a genuinely decentralised financial environment.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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