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[UMI] Universal Money Instrument - umi.top

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UMI is a universal monetary instrument It's innovative decentralized cryptocurrency allowing you to make virtually instant, free, and completely secure transfers.
Developed from scratch, this full-scale blockchain platform can create and execute smart contracts and operates using master nodes and the unique Proof-of-Authority model.
UMI is the only cryptocurrency employing the staking technology based on a smart contract enabling network users to unite to build structures and increase their amount of coins by up to 40 % a month by simply storing them in their wallets.
Virtually instant transactions. No fees.
-        UMI is 300 times faster than Bitcoin. It can process about 4,369 transactions per second and strives to outclass VISA and MasterCard.
-        The UMI network can process 500 million transactions that have been carried out in the Bitcoin network for 12 years in less than a week.
-        Block generation time is up to 15 seconds.
-        Each transfer is totally free-of-charge. It doesn't matter where and how much money you send. Users don't need to pay fees.
It's more secure and reliable than other cryptocurrencies.
-        Blockchain technology and complete decentralization ensure protection against hacking, leaks, unauthorized changes, and third-party intervention. UMI has no “center” that could be negatively influenced. Any participant of a network can launch a validator node.
-        The innovative Proof-of-Authority technology enables protection from 51 % Attacks, Nothing-at-Stake, and other blockchain vulnerabilities.
-        UMI ensures the unique model of DDoS protection (spam transactions). UMI requires a spammer device to complete a  mathematical operation whose difficulty level increases until the attack loses all its efficiency.
-        UMI  prevents money loss due to computer software or hardware failures. The network does not use the wallet.dat file and there is absolutely no need to store anything in electronic form.
Smart contracts, convenience, and transparency
-        UMI is not just digital money. It's a full-scale blockchain platform that can be used to create and execute smart contracts with any level of complexity.
-        The network can be easily modified and scaled with cutting edge technology solutions. It's easily integrated with the existing payment systems, cryptocurrency exchange platforms, and exchanges.
-        Using UMI is as easy as sending a sticker on Telegram.
-        The source code of the UMI network, as well as its blockchain, is fully open to the public.
Staking based on smart contract increases the number of UMI in your wallet by up to 40% per month
-        UMI is the only cryptocurrency which implements the staking concept on the basis of a smart contract.
-        Unite in structures and increase the number of your coins by up to 40% per month by simply storing them in your wallets. No extra power usage and no software  It's new-generation mining.
-        To start staking, join any structure or create your own one. After you join a structure, your coins remain in your wallet. Only you can control your coins. Structure organizers can set individual parameters and receive an additional reward — 1 % to 5 % per month from total staking of their structure + bonuses. By creating your own projects on the UMI basis you can earn even more.
The reward amount depends directly on the structure size ((total number of UMI coins)
The more coins are used for staking, the higher reward is received by each participant.
Structure size (min)  –– 50,000 UMI. Monthly increase –– 5% to 9%.
Structure size (min)  –– 100,000 UMI. Monthly increase –– 10% to 14%.
Structure size (min)  –– 500,000 UMI. Monthly increase –– 15% to 19%.
Structure size (min)  –– 1,000,000 UMI. Monthly increase –– 20% to 24%.
Structure size (min)  –– 5,000,000 UMI. Monthly increase –– 25% to 29%.
Structure size (min)  –– 10,000,000 UMI. Monthly increase –– 30% to 34%.
Structure size (min)  –– 50,000,000 UMI. Monthly increase –– 31% to 35%.
Structure size (min)  –– 100,000,000 UMI. Monthly increase –– 32% to 36%.
Structure size (min)  –– 500,000,000 UMI. Monthly increase –– 34% to 38%.
Structure size (min)  –– 1,000,000 UMI. Monthly increase –– 36% to 40%.
Staking rewards are accrued every second, 24/7 regardless of where you are and what you are doing.
Grants for active participants
-        A smart contract based on staking generates additional coins for grants to active participants. Grants are assigned to persons who create products on the UMI basis and enhance the network development in any way.
-        Grants are only paid to most promising and/or powerful teams (or individuals) who provide the most attractive solutions.
-        In addition to grants, a fund for best UMI based products will be created.  Coins from this fund will be allocated for the development of the most powerful projects.
Join in and change the world with UMI!
UMI's goal is to provide every person on the planet with an opportunity to participate in the “creation of new digital money” and make instant, secure, and free transactions UMI is a true alternative to the existing financial system that can build the world's strongest community comprising billions of users from all around the globe!
Information regarding  UMI coin sales will be published over the next 2 weeks. Negotiations with the trading platform are already underway.
Over the next 2 weeks, the first structure for UMI staking will be created. The integration process is already underway.

UMI — Universal Money Instrument. The future is already here!
Website: https://umi.top/
Whitepaper: https://umi.top/about
Code on Github: https://github.com/umi-top
Web wallet: https://wallet.umi.top/
Blockchain / statistics: https://blockchain.umi.top/
API: https://umi.wiki/
Yellowpaper: https://umi.top/yellowpaper
Onepager: https://umi.top/onepager
Presentation: https://umi.top/presentation
Brand book: https://umi.top/brandbook
FAQ:  https://umi.top/faq
Guide: https://umi.top/guide
General issues: [email protected]
Business proposals: [email protected]
Developer team: [email protected]
We are in social media:
Facebook: https://www.facebook.com/umi.top.eng
Instagram: https://www.instagram.com/umi.top.eng/
YouTube: https://www.youtube.com/channel/UC8Beb0iYiIkb6YNx_gyQZpw
Twitter: https://twitter.com/umi_top_eng
Medium: https://medium.com/@umi_top
Reddit: https://www.reddit.com/user/UMITop
Telegram: https://t.me/umi_news_eng

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We continue to delight you with great news! Within 2 weeks, UMI will be integrated into the ROY Club, which will be the first structure for staking.


ROY Club is the most successful cryptocurrency earning community with over 150,000 users from Europe, Asia, Africa and South America. Over the course of a year and a half, ROY Club has gathered around 5,000 strong leaders promoting the ideology of a fair financial system around the world, and has provided a steady flow of more than 10,000 new members per month.


In honor of this remarkable event, we are launching a contest with a total prize pool of 1000 UMI. Everyone can participate!


How to get 50 UMI coins?


Record a video about UMI and upload it to YouTube. In the video, share your opinion about cryptocurrency, tell us what prospects you see, what you hope for, and so on. Improvise! A great example is the video of Vladimir Moshkin, the head of the ROY Club.


1. Subscribe to our social networks (minimum 3).





2. Send us a link to the video through this form:




Video duration - at least 60 seconds. Quality - not lower than 480p.


Who will receive the prizes:


50 UMI coins will be received by the authors of the video, which will collect at least 200 views and 10 likes. The prizes will be awarded to the first 20 people who sent a video with the conditions met. If 20 winners are not reached, the remaining prize pool will be evenly distributed among the remaining winners.


The competition will last for 1 week. Be sure to participate and get cool prizes! Waiting for your videos!


Regards, UMI Team!


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When using most cryptocurrencies, you have to wait for transaction confirmation at best for a few minutes. Sometimes - for half an hour or an hour. Periodically, situations arise when confirmations have to wait several days, as is the case with traditional bank transfers abroad.

UMI solution:

UMI provides almost instant transactions to anywhere in the world 24/7 due to competent optimization and master nodes working on the Proof-of-Authority technology. The network is perfect for both the private and legal sectors, covering all areas of human activity. Ideal for all types of transactions: from micropayments to large transfers.

The UMI network is 300 times faster than the Bitcoin network. It processes from 1000 to 4369 transactions in 1 second and will strive to surpass the ultrafast payment systems VISA and MasterCard.

Regards, UMI Team!


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The First Structure for UMI Staking Successfully Integrated!

Increase the number of UMI in your wallet by up to 40% per month 

Important news! The first structure for UMI staking within our smart contract — the ROY Club — has been successfully integrated!

The ROY Club is the most successful community allowing its members to generate profit from cryptocurrencies. It comprises over 150,000 users from Europe, Asia, Africa, and South America. Over a year and a half, the ROY Club has united more than 5,000 powerful leaders who are spreading the idea of a fair financial system around the globe. The Club has reached a consistent flow of over 10,000 new members on a monthly basis.

The staking technology ensures the increase of UMI coins by 40% per month and allows receiving 9-level bonuses as a reward for building a partnership team. For more details, see the ROY Club website ROY.club.

Specifically for the ROY Club, the UMI team airdropping UMI coins.

The ROY Club team will distribute these coins among the top leaders and the most active and loyal participants in a fair way.

Having received the coins through the airdrop, the users will register on the official website of the ROY Club ROY.club using their wallets created on UMI.top or SIGEN.pro. They can also start building their own team and take part in UMI staking.

It should also be noted that as our partner the ROY Club helped our team to test the UMI network. In our turn, we helped them to integrate the coin. We are really proud of this cooperation!

Best regards, UMI Team!

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The UMI cryptocurrency is designed to finally solve three main problems that seriously limit the financial freedom of people around the world. From now on:

1️⃣ You (and only you!) Manage your funds. With UMI, you owe nothing to anyone. No bank is entitled to tell YOU what to do with YOUR means. Nobody freezes your account, you do not need to report to anyone and explain anything. You yourself control your funds and dispose of them as you see fit. Any transaction in the UMI network is carried out directly between people — WITHOUT INTERMEDIARIES. Generally. With UMI, you are your own bank.

2️⃣ No need to pay anyone and spend time waiting. All transfers are instant and are not subject to commission. It doesn’t matter to whom, when and where you send the coins. Even if it is a person on a completely different end of the planet, funds will come to him immediately, and you will not pay a penny for the transfer. And no queues, no “trips” to the banks.

3️⃣ Feel safe. No transaction can be compromised, no one can be changed or canceled. A decentralized blockchain network is not prone to hacking hackers. And your personal data is precisely PERSONAL data that no one knows except YOU. They will never leave the UMI network on the Internet, if only because they are not in it. To use UMI, you do not need a full name, registration, or phone number. Nothing but a computer / smartphone and Internet access.

In comparison with banks, UMI is an impeccable payment instrument, ideal for both large payments and micro-transactions.


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An important goal of UMI is to provide every person on the planet with the opportunity to participate in the “creation of new money” (in this case, digital). Or, as this process is also called, in emission. At the moment, new money is being printed by central banks: in the USA — by the Federal Reserve System (FRS), in Europe — by the European Central Bank (ECB), in China — by the People’s Bank of China, in Russia — by the Bank of Russia.

Freshly printed bills flow into the economy. But how exactly they do this does not quite fit into the concept of justice in relation to ordinary citizens. Tell me, did you have a situation at least once when the central bank printed new money and issued it to you? Bet that no. And surely the same story is with your friends and colleagues.

This is because, as a rule, freshly printed funds are poured into the economy according to the following or similar scheme:

1️⃣ The central bank creates money.
2️⃣ Pours them into commercial banks (for example, buys bonds of private banks as in the process of quantitative easing (QE)).
3️⃣ Commercial banks distribute this money in the form of LOANS on “favorable” conditions.

The result of the current issue: in the short term, people have more money to buy goods. In the long run, “more money” means more debt, because credit is not a gift. You need to pay for it. And pay with interest.

️ The current financial system hardly provides for situations where money directly from the central bank falls into the wallets of ordinary mortals. However, the task of UMI is to correct this by fundamentally transforming the process of issuing assets in favor of society.

With UMI, everything is indecently simple: people themselves “create new digital money”. For this, neither energy consumption nor powerful equipment is needed. Nothing. All that is needed is to start staking.

New digital money bypasses banks and other intermediaries, falling directly into the wallet of the people themselves, who are issuers. Billions of people around the planet, united by one idea, create new means themselves and use them themselves, without asking anyone for permission. And all this is completely free.

Banks confuse humanity and turn off the light.
UMI — turn it on again


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Unique Proof-of-Authority Model


The unique Proof-of-Authority Bitcoin model and the vast majority of other cryptocurrencies work using Proof-of-Work (PoW) technology, as well as Proof-of-Stake (PoS) and its derivatives (e.g. DPoS). This fact significantly limits their bandwidth and implies the presence of commission costs.

UMI goes a completely different way. The heart of the network is the innovative Proof-of-Authority (PoA) technology. It is she who provides such a fast and safe operation of the network without commission costs.

The unique Proof-of-Authority (PoA) model in the UMI network allows you to bypass the main problems inherent in PoW and PoS algorithms.

📌 Master nodes are responsible for creating new blocks. They are “Master” because they are subject to special ultra-high requirements for speed and network bandwidth.

📌 Network nodes are validated by validator nodes, which check the blocks for correctness and exclude the possibility of falsification. Any participant can run a validator node, thereby further enhancing network security and reliability.

📌 Also, any member of the network has the ability to launch an easy node that allows you to view and send transactions without downloading the blockchain and maintaining the network.

The presence of a master node can significantly increase network bandwidth, and, accordingly, the speed of transfers.

No one has the opportunity to connect to the master nodes and somehow affect their work, respectively, an attempt to create a block by another node is automatically rejected. This provides maximum security by protecting UMI from any kind of attack.

The Proof-of-Authority concept completely eliminates the possibility of fraud. This ensures that user tools are always safe.


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Answers to your questions


Hello everyone, the UMI team is in touch! Since the launch, we have been collecting various questions on chat rooms, forums and social networks. In addition to those questions that are already answered in our extensive FAQ, we noticed a number of other interesting topics of discussion. Especially for you, we have prepared an article with answers to non-standard questions regarding the UMI network. Go!


1. What is the final coin issue? 100, 200 billion?


UMI emissions are not limited. By participating in staking, you will always create new coins at a rate of up to 40% per month. According to our mission, everyone should be able to create “new digital money” at any time - not only today, but tomorrow.


2. Is it possible to somehow shorten the address, make it more beautiful, memorable, such as login or e-mail?


It is possible, but in that case the addresses would be less secure. In this regard, cryptocurrency addresses in the UMI network are generated according to crypto standards in order to protect against quantum computers. In order to ensure maximum security, they can only be long and generated only randomly, so at this stage no “shortening” or “simplification” of addresses is provided by the UMI network.


However, we are confident that in the future there will be services that will allow UMI users to safely simplify addresses to more convenient formats. Addresses may look like:


1) Shortened addresses, for example, umi-andrew;

2) "Nicky" as in Telegram, for example, @andrew;

3) And even as an e-mail, for example, [email protected].


All of them will be equivalent to the standard format UMI addresses. For example, umi-andrew, @andrew and [email protected] will mean the same as umi1yp0aljz7q9mp97tj5fuz5pdpz83avqydefac42n3pm0ya3j2w70sjzu8wc.


Thus, with the advent of new technologies, you can use a more convenient address format for operations with UMI.


3. How is the stability of the coin rate ensured at such an extremely high yield? Will there be inflation, depreciation? Indeed, perhaps in the future there will be more people who want to sell a coin than there are people who want to buy a coin.


If you are worried that an endless emission will “kill” a coin or are afraid of something like that, we hasten to reassure you - we took this moment into account. A well-thought-out reward system should not allow UMI to become a victim of hyperinflation, since emissions are available only to structures (pools) that make a huge contribution to the development of the ecosystem and attract a new loyal audience interested in coin development.


As for the "excess profit." Do not forget that 40% per month is a value that will be available only to the most successful structures after many years of development. To create coins with such a percentage, it is necessary to have more than 50 (!) Times more coins in the structure than were created by the network at launch. At the start, the first structures will offer a lower percentage of staking, which, however, will be a fair reward for their contribution to the development of the network.


Thus, UMI emission is constant, but not abnormal for the cryptocurrency market. UMI does not have any “killer excess return”. Moreover, the market has a huge number of successful cryptocurrencies with constant emission. The most striking example is the Ethereum network.


And most importantly, UMI is an evolving project with the ability to quickly and conveniently scale the ecosystem. If UMI encounters any problems, adjustments will be made as the network develops. Everything will be considered according to the situation based on the current state of the project. Decisions to modernize the network were made (and are made) by all leading crypto projects, including Bitcoin and Ethereum. At the moment, the smart contract offers adequate and relevant opportunities for UMI staking and does not cause any problems.


4. How can it be easy to implement UMI in a store so that people feel comfortable understanding? Is it possible to use the system of cashbacks, points? Will there be any application?


The UMI ecosystem allows you to integrate cryptocurrency into any development, including in online stores with cashback systems, points, and everything else.


Especially for this, we have created convenient API and SDK tools that we are constantly improving. However, in the future we plan to develop HD wallets and a universal smart contract for various platforms like eBay, Avito and so on.


HD wallets will allow you to conveniently create addresses without a private key, and a smart contract will act as a guarantor of the transaction, including blocking UMI coins until the transaction is completed. With these features, UMI will be easy to add to both online stores and various services.


A smart contract will make the trading and cryptocurrency integration process even more convenient and safer. But most importantly, he will offer innovative solutions and will allow to realize new opportunities in the field of trade or the provision of services that are currently simply unavailable.


Also in the near future there will be mobile applications that will greatly simplify the process of using coins.


5. Is there a direct integration of UMI into ROY Market? So that the seller receives coins at his address after the sale of the goods. And so that everything is convenient and safe?


Yes, thanks to the aforementioned HD wallets and a universal smart contract, cryptocurrency will be fully integrated, including in the ROY Market. The system of transactions using UMI will be adjusted as conveniently and safely as possible.


6. Is it possible to bind the wallet to e-mail with a 2-FA (two-factor authentication) connection, transactional passwords, binding to a phone number, etc.?


The UMI network is decentralized and works on the basis of blockchain technology, in which it is impossible to implement the solutions described by you technically. For maximum security, the UMI network does not collect any personal data, does not store passwords, and does not create any connections with user devices.


Nevertheless, in theory, such services can be implemented by individual services outside the blockchain network. And we are confident that such wallets will appear as the UMI infrastructure develops.


Also at this stage you can already use the SIGEN.pro platform, which will automatically create for you a full-fledged UMI wallet with 2-factor protection of your coins by e-mail or GA (Google Authenticator).


In addition, a mobile application for UMI is already being developed, which will allow you to log in to your wallet and confirm transactions using Face-ID, Touch ID or PIN, as well as provide opportunities for safe storage of mnemonic phrases.


7. Are coins entered in the staking frozen or not?


Coins in staking do not freeze at all. Everything works exactly as described in Whitepaper - “entered” into the staking coins can be “withdrawn” at any time, even immediately after input.


8. In the white paper is written “Forging”, although on the Internet it seems like everywhere is written “Forging”?


Not everywhere. In various Russian-language sources, this term is written, and, accordingly, pronounced differently. Similarly, with other cryptocurrency names. For example, the creator of the Bitcoin network on Wikipedia is referred to as “Satoshi Nakamoto,” although the crypto community around the world calls this genius “Satoshi Nakamoto.” It is the second option that is mentioned in our Whitepaper.


As for the spelling of the term “Forging”, here we decided to use the sound variant of the original word “Forging”, since its transcription contains the sound “d” - [fɔːrdʒɪŋ]. Accordingly, in Russian the word is pronounced "Forging."


9. Is it possible to install a node on the phone to also be involved in maintaining the network?


At the moment, you can only install a node on a desktop computer or laptop, but in the future we will also release versions of nodes for smartphones and tablets.


10. Is it possible to install a node to maintain a network on a computer that does not work around the clock?


You can install it, but if you turn off the computer, the network will not be supported until you turn it on. As a convenient option, you can rent capacities on special services such as Amazon AWS. In this case, you will not need to keep the computer turned on.


Be that as it may, your coins in staking grow 24/7, regardless of whether you have a node installed to maintain the network or not. So this point should not cause inconvenience.


11. What is the motivation of node nodes to support the network if there are no commissions and they do not earn on this?


The master nodes are held by the UMI team, our partners and organizers of large staking structures who are interested in making the network work successfully and steadily generate new coins.


Validator nodes and lightweight nodes are held by those who need quick access to the API and who want to protect themselves as much as possible from scammers who fake API requests. That is, the creators of cryptocurrency exchanges, applications and various products based on the UMI ecosystem must technically launch their nodes in order to ensure the proper functioning of their services.


And finally, the motivation is not only self-interest. In the UMI network, our mission plays a much more significant role. Each node maintains a network that has the chance to provide a happy future for all of humanity. Everyone contributes to the development of an alternative financial system, which, by the way, makes it possible to “earn” excellently by staking on a smart contract.


Thus, all persons supporting the network still receive their dividends, which ultimately makes the network more secure and fast. So we are sure that all holders of nodes are maximally motivated to maintain the network without additional financial rewards.


12. Will the coin be exchanged to other exchanges? Indeed, listing on third-party exchanges will make it possible to manipulate a coin and trade, dropping the rate (as it happens with PRIZM).


As the UMI coin develops, it will be added to other reliable exchanges, not only to the SIGEN.pro platform. However, looking at it is from a completely different angle, because this is an inevitable stage in the development of all successful cryptocurrencies, which carries many advantages, not disadvantages.


Listing on new exchanges means a new audience, new purchases, increased trading volume and, accordingly, higher stability of the coin. Traders, like other users, have the opportunity to join structures and start staking. And the one who bought the coin will never be interested in "dropping the course."


Moreover, there are two more important points:


1) Listing on new exchanges will not be in the very near future, but only after the coin reaches the widest possible audience and finally "gets stronger" - to a level that eliminates any manipulation and allows you to maintain an exceptionally healthy market.

2) We will focus only on large trading floors with an excellent reputation, real users and non-wound volumes.


13. Will there be any certificate, document, patent for UMI, certificate of registration?


In the near future, we plan to get a legal document on the legalization of UMI cryptocurrency in the European Union, confirming that UMI is a decentralized payment token (payment system) with a completely open source code, and not a security, security-token, utility-token or something another. This will open up new possibilities for the use and integration of UMI cryptocurrency. Further, we plan to address the issue of legalization of cryptocurrency in other jurisdictions.


Also, when the cryptocurrency passes a “strength test” - after the coin reaches the milestone of 1 million users, the UMI team or one of the partners will register technology patents and receive the appropriate certificates.


14. Can I add my own words in the mnemonic phrase for greater reliability?

In the official wallet and UMI nodes, no. For maximum security, the UMI network adheres to the secure Bip39 standard, which is also implemented in Bitcoin and other well-proven cryptocurrencies.

The Bip39 standard is a convenient way to create catchy text without a human factor. For example, one of the most popular passwords for social networks is a password of the form “Qwerty123” and “Password123”. It is very easy for hackers to crack them. In theory, users can, for their convenience, also unknowingly create unsafe mnemonic phrases - with simple words connected with each other, popular phrases and so on. The Bip39 format protects users from vulnerabilities of this kind, and the words are selected in such a way that they can be easily remembered by the first three letters.

So, your mnemonic phrase is not just a collection of words, but an encrypted secret key. The UMI team considers user safety its top priority, therefore, in order to ensure maximum security in official wallets, a mnemonic phrase is generated completely randomly according to the Bip39 standard.

However, the UMI network does not impose any restrictions on the creators of wallets and other applications. Therefore, over time, unofficial wallets will surely appear, where you can "collect" a mnemonic phrase from the desired words. Bip39 in the official wallet is nothing more than a recommendation from the UMI team.

That's all. We hope to answer all your questions. Also, for your convenience, we will create a new section in our FAQ, where we will place all the answers given above.

Regards, UMI Team!


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The more coins, the greater the reward.

To activate UMI staking, you need to connect to the structure and send to your in-house address a certain number of coins that will be involved in staking.

The more coins involved in staking, the greater the reward is received by the structure as a whole, and, accordingly, each participant individually.

Remuneration for staking is calculated every second 24/7, regardless of where you are or what you do.

The size of the remuneration directly depends on the size of the structure

1. Structure from 50,000 UMI. Growth from 5% to 9% per month.
2. Structure from 100,000 UMI. Growth from 10% to 14% per month.
3. Structure from 500,000 UMI. Growth from 15% to 19% per month.
4. Structure from 1,000,000 UMI. Growth from 20% to 24% per month.
5. Structure from 5,000,000 UMI. Growth from 25% to 29% per month.
6. Structure from 10,000,000 UMI. Growth from 30% to 34% per month.
7. Structure from 50,000,000 UMI. Growth from 31% to 35% per month.
8. Structure from 100 million UMI. Growth from 32% to 36% per month.
9. Structure from 500 million UMI. Growth from 34% to 38% per month.
10. Structure from 1,000,000,000 UMI. Growth from 36% to 40% per month.

If you have UMI coins, you WILL CONSTANTLY increase their number — up to 40% per month. This is the main principle of staking.

A simple example: you participate in a structure with a total balance of just over 1 million coins. This means that over the month the number of PERSONALLY YOUR coins will increase from 20% to 24%. For example, you had 10,000 UMI — it will become from 12,000 to 12,400 UMI, depending on the structure settings.


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UMI — Unique Digital Bank of the New Generation

As UMI grows, evil-wishers may compare this cryptocurrency to a financial pyramid because coin value in user wallets grows at the rate of up to 40% a month. Anticipating potential accusations, the UMI Team has decided to provide effective arguments for all “whistleblowers”. 

Coin value doesn't grow on all wallets or by itself. It only grows for users who belong to structures contributing significantly into ecosystem development. Among other things, they also bring in new loyal users interested in promoting the coin.

ROY Club's powerful structures will benefit the project greatly and will be justly honored with reward for their contribution into network development. Inefficient structures, on the other hand, receive low or zero growth (if a structure owns less than 50,000 coins). It means that no one can prey on UMI. 

Coin value starts to grow only after a user activates the Staking Smart Contract. They should also use their personal addresses within successful structures rather than usual addresses. Therefore, adding coins to a staking structure is more like a bank deposit. Coin value doesn't grow on the user's current account — it grows on their structure's deposit account. 

Moreover, UMI is designed as an alternative to the existing financial system, with traditional banks on top of the system. In real fact, cryptocurrency is completely different. UMI can be defined as a “unique digital bank of the new generation”. 

UMI's advantages over bank deposits and financial pyramids are clearly visible:

Unlike traditional banks, UMI's digital bank cannot collapse. A usual bank as well as a financial pyramid will shut down if withdrawal exceeds deposit. If at least 20% of bank's customers decide to withdraw funds from their deposit accounts, the bank will not be able to pay them because it won't' have enough cash. UMI, on the other hand, does not generate coins out of thin air or through a stream of fresh funds. New coins are generated using the unique staking technology based on the Smart Contract. Nothing will happen to the UMI network even if 100% of users wish to withdraw their coins from deposit accounts at the same time. The network will continue to operate smoothly, nothing will collapse.

When you make a deposit in a bank or a financial pyramid, funds are locked and sent to the managers. In UMI, coins are always stored on the users' wallets. The Smart Contract allows people to make “deposits” without granting access to their funds to anyone, not even organizers of the structure. Unlike unfair banks or financial pyramids, organizers of the structure cannot technically flee with users' funds as they have no access to them. 

Banks issue printed money to citizens as loans charging extortionate interest. UMI gives the “printing press” directly to the people allowing them to generate new digital money themselves — and does so free of charge.

Unlike bank deposits, UMI can afford to pay its users a much higher interest. It's partially because we don't have to invest into an expensive banking infrastructure or huge management wages. Instead, to cover expenses of the UMI Team, the Smart Contract additionally generates 2% of all coins engaged in staking on a monthly basis. These funds are used to promote the cryptocurrency and pay grants to activists.

UMI earning rates are as high as those in financial pyramids. The idea behind the project is completely different, though. UMI's Smart Contract GUARANTEES that you will receive your coins and all earnings in 100% of the cases. It's embedded in the code of this technology. New UMI coins are just generated like Bitcoin and Ethereum tokens. There will be enough for all. While a financial pyramid will surely collapse as all it does is paying to those coming first using funds contributed by those coming next until withdrawal exceeds deposit and the “treasury” becomes empty.

Finally, unlike banks or financial pyramids the UMI network is decentralized and features a completely open source code. It does not belong to a bunch of people — it belongs to all users thus ensuring their funds are completely safe. The open source code guarantees there's no hidden agenda and rules out any potential fraud. 

UMI is a new product with no equivalents. It's a “unique digital bank of the new generation” that surpasses traditional banks in all parameters. It's a cryptocurrency that can change the world. Not tomorrow — today. Right here, right now!

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The UMI network is competently optimized: it uses the best and fastest solutions in the field of the crypto industry, while all inefficient methods are excluded by default. Optimization in combination with Proof-of-Authority technology, which is based on the master nodes, allows for almost instant payments.


During the network testing phase, an extremely high throughput was achieved:


up to 4369 transactions per second.

up to 262,140 transactions per minute.

up to 15 728 400 per hour.

up to 377 481 600 per day.


In comparison: 500 million transactions were carried out in the Bitcoin network over 12 years. The UMI network can process them in less than a week.



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UMI Marketing: Top Cryptocurrency Marketing Strategies


When UMI was launched, people acquired a universal money instrument that allows for instant and secure transactions charged with no fees and independent generation of new digital money — with neither energy expenses nor powerful equipment. It has the potential to fundamentally change the financial system by making it more profitable and convenient for the entire human family.


The more people will learn about this cryptocurrency, the faster this idea will spread around the world. In other words, like any new product, UMI needs mass and maximum effective advertising.


UMI allows using the most efficient strategies, established by the crypto industry. This post is about marketing strategies we prefer and why.


Nonstandard approach to advertising


Over the years of its existence crypto industry has proved to be a unique field whose promotion requires unconventional methods — you can’t present cryptocurrency as primitively as, for example, you present a bottle of soda or a chocolate bar. It’s a lot more complicated than that. Users need deep insight into the idea. For this reason, numerous educational resources, the ability to test the product, and support from those who know how it works are of great significance.


This is why the UMI Team, like many other top representatives of the crypto industry, use strategies and options which are different from traditional media coverage and internet advertising. They are based on four pillars:


1. Interact directly with opinion leaders — the so-called influence agents/influencers/bloggers.


2. Apply referral marketing principles and award users with various bonuses.


3. Hold all kinds of contests and events with cool prizes and gifts.


4. Work closely with the community and actively contribute the development of the product.


CoinDesk, an authoritative crypto news platform, mentioned the above-mentioned strategies as the ones gaining more popularity with major crypto companies, while conventional advertising tactics see a gradual slide.


Experts attribute this trend to the similarity between crypto marketing model and the beauty industry like those of Faberlic, Oriflame and Avon. These world-known companies are based on well-developed referral programs which worked for decades for them. Moreover, the beauty industry is based on the same four pillars that we mentioned above. In other words, both crypto and beauty communities apply the same techniques. Thus, beauty blogger Michelle Phan, who has over 1 mln YouTube subscribers, promotes cosmetics and bitcoin in a similar way. She’s confident that most crypto companies are following the same marketing strategies as the beauty industry does — even if they don’t know about it.


Let’s review the strategies the UMI Team wants to use to promote the coin.


Direct-to-Customer model — work directly with the community


Top cryptocurrencies are currently shifting to DTC (Direct-to-Customer) sales model, which refers to close cooperation with the community and direct sales. With this model, a company produces a product or service in its own facility, as well as distributes it among customers with its own channels. For example, these channels may be social media and an e-commerce platform (marketplace), like Amazon or eBay.


The UMI team also bases its promotion strategy on this model. To spread information about UMI, we use social media, forums, blogs, and influencer partnership, while remaining as open as possible to the community. We also consider using social media and popular marketplaces to sell our trademark products. For instance, we can sell NFC wallets and various branded products there.


This strategy is believed to be one of the most effective ones, able to reach different social groups, even from emerging countries. CoinDesk mentions Livia as a country where social media and chat rooms are the most widely used ways to promote crypto-related goods and services.


Partnership with influencers


A person, who doesn’t know much about UMI, should first understand what it is about and why they need it, and only then they will start using it. Such conventional methods as newspaper advertising or social media ads, don’t work here. As we said before, the most essential thing is to explain the idea behind UMI to audience; demonstrate the role and potential of cryptocurrencies in the twenty-first-century world. Close, efficient and individual work with each user, including guidance on all issues at every stage, will be truly helpful.


One of the best solutions in accomplishing this is to cooperate with popular personalities, who have a lot of subscribers and an authority, which allow them to affect purchase decisions of their audience. They are known as influencers, opinion leaders, or simply bloggers. People have more trust in figures of authority rather than traditional timeworn ads. Subscribers understand that a reputable blogger will not place their reputation at risk for the sake of money — they will first thoroughly research a product before introducing it to their audiences.


Our team is collaborating closely with popular bloggers on various social media, like Instagram, YouTube and others. The information about UMI must reach as many people worldwide as possible. Only then it will gain massive acceptance. As UMI grows, we plan to get more active with advertising UMI through different platforms and engaging more influencers.


Coindesk reports about many well-known crypto companies using a similar strategy:


- The Kraken crypto exchange. Its CEO focuses on sponsoring content creators that monetize their personal brands. Kraken sponsors Reckless VR startup, founded by virtual reality meetup organizer Udi Wertheimer, and podcaster Peter McCormack, who launched his media brand Defiance last year.


- Cryptocom platform. Thanks to their influencer strategies, the startup’s user base doubled to 2 million people over the past six months.


Referral marketing (MLM marketing)


The MLM marketing strategy is based on the referral program. This strategy encourages existing users to recruit new ones who are paid a percentage of their recruits’ sales.


Binance and Gemini crypto exchanges have already proved successful with the referral model. These two giants of the crypto industry offer their customers a reward for bringing in new users. The result is remarkable: they both are the most successful trading platforms over the globe.


We have applied an “outside the box” approach. Instead of somehow integrating the referral program into the UMI network, we have developed a smart contract that allows users to join communities themselves and create structures for staking UMI. As for structures, they can apply any MLM strategy they like.


For example, ROY Club — the structure created by a partner of ours — offers a 9-level bonus program which successfully promotes not only the ROY Club itself but the UMI network. The flexibility of the smart contract will allow other structures to develop and use a different referral program to engage a new audience. All this has a positive impact on the growth and popularization of our cryptocurrency.


As our Whitepaper says, “At the moment, MLM is one of the most efficient ways of promoting crypto technologies as it involves an audience that will be really using the cryptocurrency, not only speculate on currency rates.”


Gifts, giveaways, and contests


Even a small gift is always appreciated. When it comes to cryptos, a gift could mean a lot more. Receiving UMI coins as a gift means a great opportunity to learn more about this cryptocurrency: try out instant transfers, take part in staking, etc. This strategy will engage and encourage potential users to use coins for their personal needs. The UMI team is perfectly aware of this and is always generous with their gifts.


Two weeks after the network launch, we arranged an airdrop for members of the first staking structure — Roy Club. A total number of 357,664 UMI was airdropped in two tranches:


1. The first tranche amounted to 221,504 UMI. The transaction URL:



2. The second tranche totaled 136,160 UMI. The transaction URL:



The ROY Club team distributes coins among its active users in accordance with certain terms. In doing so the UMI Team allowed over 7,500 people to join UMI staking for free and build their own team.


We have also organized several contests. Anyone who wanted could take part in them and receive cool prizes. The ROY club likewise holds contests and giveaways for its members. We consider giveaway a powerful strategy which we are planning to use for UMI’s further promotion. This method is regularly used by other crypto-related fields to engage and reward new users.


UMI intends to embrace the entire world.


If used alone, each of the methods described above can produce a required effect. But to achieve greater efficiency, your promotion plan should comprise a complex of strategies. This is why we use the “4 in 1” tactic, where all the four strategies complement and enhance one another: we work closely with the community, as well as opinion leaders, apply MLM strategies, and organize contests and giveaways.


The progress is evident. For example, a little over a month ago, we released the official UMI video. During this time, it has received over 30,000 views. Another video about the partnership with ROY Club has more than 110,000 views. In addition, the number of our social media subscribers, especially on YouTube and Telegram, is increasing rapidly. Moreover, community members themselves take the initiative to record awesome videos and spread information about the cryptocurrency within their immediate circle. All this is only the beginning of the path. UMI intends to embrace the entire world.


Close interaction with the community is the most productive and fair way to promote UMI. Everyone has a right to “create new digital money” as well as to use a convenient, secure and efficient payment tool. We are confident that the strategies we use will achieve great results and all the world will learn about UMI. This process has begun. It cannot be stopped. With each passing day, our community will grow, set the trend and take the entire planet to the world of the future.


Thank you for being with us!


Best regards, UMI Team!



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Maximum convenience for all generations 

Bitcoin appeared in 2009, Ethereum — in 2015. By 2017, the world saw hundreds of coins, tokens and all kinds of ICO projects. By 2020, projects in the field of decentralized finance (DeFi) are actively used, and the leading countries of the world are thinking about launching national cryptocurrencies (CBDC).


However, the crypto community is still wondering: when will cryptocurrencies for the majority of the population cease to be something “complex” and “incomprehensible” ? When it will be possible to go out on the street and exchange some passers-by with a couple of phrases about digital money without waiting for someone to look at you how about some alien?


Thanks to UMI, this day has come!


The goal of the network is to unite the entire planet under one wing, and this cannot be done with the help of something “complex” and “incomprehensible”. The cryptocurrency is so convenient that it is mastered without problems not only by the young and technically savvy generation of millennials (generation Y) and zoomers (generation Z), but also by representatives of generation X (born 1960–1979) and even baby boomers (1940–1959 .).


In other words, even grandparents, who find it difficult to get modern technology, can use UMI without problems.




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UMI – the Best of Cryptocurrencies and Fiat Payment Systems



Greetings from the UMI Team!

The UMI cryptocurrency has been repeatedly described as a revolution in the payment system market. Most interestingly, in this case, a revolution isn't about the development of any new technologies or formulas. We just selected the best and well-tried technologies and incorporated them into something new. UMI is the best of cryptocurrencies and fiat payment systems––it has comprised all the best features and got rid of the disadvantages.

UMI vs banks

We won't compare the ways UMI and banks operate in detail in order not to get into complex technical issues, which are of no interest to us. Instead, let's have a look at the impact banks have on people on a daily basis and those of fundamental changes UMI makes to the services we regularly use.

There are banks that allow you to make financial transfers. Banks have savings accounts where money grows at a certain interest rate. Banks also have a range of mobile apps and online banking systems. All of that may appear pretty convenient. But keep in mind, the banking infrastructure, as well as VISA and MasterCard payment systems, were created long ago and based on old technologies. They are not conforming to present-day developments, mostly because they cannot ensure their users a sufficient security level.

With this in mind, instead of inventing something new, UMI improves the things that everyone is accustomed to. The result is a digital payment tool working in an absolutely familiar way. Conducting transfers with UMI is similar to making them via a bank. And even the format of UMI is much alike to conventional money––UMI and UMI-cents are the equivalent of the dollar and cents.

In UMI, just as in a bank, you have a current account (standard UMI address) and savings account––addresses used by structures for UMI staking. You can transfer money from one account to the other one in one click. The difference is that, in most banks, you receive your interest in a month at the earliest. In other words, you can get your money back with interest if you kiss it goodbye for 30 days, minimum. In UMI, earnings are accrued every second––you don't have to wait a long time for "your funds to be unlocked".

But what is the most significant is dividends. UMI staking allows any network user to earn up to 40% per month. Holding your money in a savings account even for a year, much less for a month, you will never make this profit. Why?

  1. Because banks make good money on your deposits, instead of paying higher interests, they take the lion's share of what they could pay you into their pocket.

  2. Secondly, a large part of your deposits is used to maintain the banking infrastructure: salaries for staff, rental payments, maintenance of offices, utility bills, and other various expenses.

  3. Third, banks are not interested in making people rich, because otherwise, they will not be able to make money on loans and control people.

Let's not spout out empty rhetoric, but move on instead. The VISA and MasterCard payment systems declare their ability to process thousands of transactions per second, but in real fact, even if received funds are displayed instantly in your account, you receive a transfer after a few days only. Especially if it concerns international money transfers or ATM transfers. The truth is that VISA and MasterCard transfers are delayed by a series of confirmations required by banks and actually reach a recipient's account only in a few days.

After having been sent, any transaction can be blocked or canceled, and funds in your account can be frozen on the slightest suspicion. Even if before receiving all the confirmations required by banks, you have already withdrawn the funds via an ATM or transferred them to someone, the bank may take this amount from your account a few days later. Thus, you may surprisingly find out that your balance is negative. Keep in mind that banks charge transaction fees. Fees for oversea transfers may range from $10 up to 10% of the transaction amount. Thus, instead of $1,000, a recipient receives only $900.

The UMI network uses validator nodes which in a couple of seconds verify the correctness of transactions and allow users to check their balance for the sufficiency of funds. All transactions are instant. A transfer cannot be canceled or blocked, as well as money in your account cannot be frozen. Unlike VISA and MasterCard, transferred funds are available straight after a transaction has been added to the blockchain. Moreover, no fees are charged for that. Each and every transaction, international or not, is completely free.

Don't forget about permanent internet connection, which is required for conducting transactions with VISA and MasterCard. A validator node used by the UMI network can create any transaction, even offline one, with no Internet connection. You can send a transaction to the network via Wi-Fi, Bluetooth, or even a radio wave. Therefore, if there were a sudden cataclysm and people from all over the globe lost internet connection, the UMI network would easily adapt to new conditions and keep working.

UMI vs Bitcoin

Now let's compare the UMI network with the first-ever created cryptocurrency––Bitcoin. It has proved itself to be a reliable payment system, with a number of significant disadvantages, though. Let's focus on the most essential ones.

  1. The transaction processing capacity of the bitcoin network is limited by the network itself. In the best-case scenario, it takes users several tens of minutes to receive their funds. However, quite often there is a several-hour, or even several-day, delay.

  2. High fees. When the network is experiencing an increased load, transfer fees can skyrocket immensely. In 2017, there were cases where Bitcoin transaction fee reached a high of around $40. Under normal conditions, it's not that bad. A few-dollar fees are common for Bitcoin users.

  3. Centralized mining pools. In the pursuit of profit from mining, greed-driven participants join mining pools thus undermining the idea behind decentralization and leading to centralization. The reality is that if several leading pools unite, they will control most of the hashing power and will be able to perform a 51% attack. The attackers will be able to send nonexistent bitcoins, confirm invalid transactions, and roughly speaking, manipulate the network as they like.



Bitcoin Mining Pools Statistics Source.

The reality is that we have a slow network that creates problems for itself. Moreover, if we talk about Bitcoin in terms of programming, the Bitcoin network is more similar to physical fiat money. For this reason, any actions with the code, including the development of wallets and applications, are a tough non-typical task that only the most advanced blockchain specialists can cope with.

While using the same technologies that Bitcoin is based on, UMI betters its disadvantages and incorporates only benefits. The network doesn't limit the block processing time, but instead, do everything to shorten the processing time and increase the network capacity. Modern cryptography algorithms reduce the load on nodes, thus allowing them to process more transactions with spending less computing power. The UMI network can process 500 million transactions carried out in the Bitcoin network over 12 years in less than a week. Each transaction will be completely free.

The concept of balances UMI uses is different from that of fiat money, but has a lot in common with the idea of digital money. For this reason, using UMI is so extremely easy. In a similar way, it simplifies the process of developing and maintaining new wallets and other applications. Contributing to the UMI ecosystem's growth is extremely convenient.

So, what's the most essential? Over its 10-year history, Bitcoin has demonstrated that its implementation of the idea of decentralization doesn't work at all. This is why UMI is based on decentralization implemented in a different way. Unlike Bitcoin mining pools, users join structures that help the network grow and support its effective functioning, with no threat to its security.

UMI is something that we all already use, but much better.

Consequently, UMI is not about anything super-unique, beyond understanding and comprehension. This is about the same old money that we use on a day-to-day basis. The same financial transfers, the same deposits that we have in banks, and the same blockchain technology and decentralization that Bitcoin is based on. The only difference is that UMI implements all the above-mentioned features in a lot better and higher performing way –– which is more convenient, secure, and higher-quality. UMI is a twenty-first-century universal money tool working for the sake of all people!

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New Structure for UMI Staking – ISP Club




Dear Community! The UMI ecosystem and infrastructure continue to grow exponentially. We're happy to announce yet another landmark event. A new structure for UMI staking has emerged – ISP Club! 🙌

What is ISP Club

It's UMI's strategically crucial partner. The Club was founded by a group of experienced entrepreneurs from IT, cryptocurrency and real business sectors.

ISP Club helps you buy UMI coins for staking and start earning up to 40% a month in a matter of seconds – using an automated Telegram bot. You can then use the same bot to monitor how coin price grows and bonuses for building your own team are accumulated – in real time. ISP Club is about maximum convenience and minimum time input.

Moreover, the ISP Club Team intends to run integration with various payment systems and issue UMI debit cards in the near future. It means users will be able to freely pay for any goods and services in UMI all over the world just like they do with conventional bank cards!

ISP Club will also launch a Training Academy to teach users cost-efficient strategies of using UMI and building partner structures online. The Academy is a tool ensuring long-term passive growth of UMI coins, wherever you are. Training will be free of charge for all users!

Our community is growing in numbers and strength – with each passing day, minute, and second. UMI intends to conquer the entire world. Nothing's more enjoyable than seeing how we successfully advance to our goal.

Sincerely yours, UMI team


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UMI Blockchain Six-Level Security


As you likely know from our website and Whitepaper, the UMI network fully uses the blockchain technology to ensure its users with supreme security and transparency as well as to secure itself against unauthorized access. The UMI network cannot be hacked. No transaction can be canceled or forged.


As compared to other cryptos, the UMI network is known for a unique implementation of blockchain technology. Like other cryptocurrencies, UMI is also based on a decentralized blockchain rather than traditional servers and databases controlled by specific organizations. But the 6-level security of the blockchain distinguishes UMI from other coins and makes it the safest cryptocurrency.

Level 1 — a seed phrase is fully secured


All popular cryptocurrencies have a common downside: to run a transaction, their official nodes require you to import your private keys (wallet.dat file if you want to send BTC) or a seed phrase (if you want to send NXT or PRIZM).


This way, when using a node, your mnemonic phrase/private keys are transmitted to the network. It means that if there's a network attack or node holders' conspiracy, your private keys can be compromised, which undermines the key idea behind the blockchain technology –– no trust of others


In this regard, the UMI network applies an alternative solution. To ensure the maximum security possible, the UMI node does not require a mnemonic phrase to complete a transaction. In real fact, moreover, the network doesn't allow for executing transactions directly through a node. There are libraries/SDKs created specifically for this purpose. These tools, which are available free, significantly simplify the process of wallet and other UMI-based apps development


Thus, UMI nodes never transmit a seed phrase to the network, in whatever form. Secret data does not leave your device and are always kept secured. We should also remind you, just in case, UMI uses the encryption algorithm which protects the mnemonic phrase you enter to log into your UMI wallet


Level 2 — invalid and trash transactions are absolutely rejected


By using libraries, anyone can create a transaction in the UMI network, but not all transactions are approved. UMI libraries are designed to support specific standards and automatically reject, for example, invalid or trash transactions, cluttering up the network for spam purposes.


Imagine that


-        there is a transaction "address A transfers 100 coins to address B". This transaction is correct and means that one person will receive a transfer from another one.


-        But there might be another scenario: someone can send an unfair transaction (for example, send coins from an account with non-sufficient funds on it to cover the transaction) or an absolutely invalid one (jumble of symbols), which makes no sense and is not based on a programming command.


UMI libraries try to secure the network against the last-mentioned types of transactions by checking them against only specific standards and automatically rejecting every transaction that does not comply with the rules.


Level 3 —  validator nodes verify all transactions


Unfortunately, sometimes people intending to ruin something can't be stopped. Hackers can set out to find security holes to send an invalid transaction. With this in mind, the UMI team set verifying the correctness of transactions as a key function of validator nodes.


In fact, this is their key task –– to verify incoming transactions against basic blockchain requirements. Therefore, if a fake or invalid transaction reaches the network in some way, a validator node will automatically reject it and won't allow it to get into the mempool, and consequently the blockchain. All “trash” that reaches the node is immediately weeded out.


Level 4 — master nodes re-verify transactions


Only after validator nodes carefully have carefully verified transactions against the basic requirements, the transactions are sent to the mempool to be checked by master nodes. Despite being part of the same network, master nodes, which are responsible for the network security, won't rely on validator nodes. They double-check each (!) transaction against all the requirements.


Even if bad faith users somehow compromise validator nodes, they still won't be able to trick the system. Only those transactions that are validated triply –– by the libraries, validator nodes, and master nodes –– are collected into blocks and sent to the UMI network.


Level 5 —  master nodes check blocks


Even after blocks have been added to the network, they are double-checked again by master nodes. Only after a block goes through the final verification of all parameters, it "gets approval" and included in the network.


Level 6 — unique security model detects malicious master nodes


Master nodes ensure the correctness of a block and all the transactions it includes. However, in theory at least, the keys granting access to master nodes may fall into the wrong hands. For example, they may be stolen or whatever else may happen to them. Therefore, there are a lot of master nodes on the network. They are located around the world on different continents, while access keys to them are distributed amongst different people.


Other cryptocurrencies use the tactic of trusting the majority master nodes to secure themselves against being compromised. Assume that:


-        There are 100 master nodes in total.

-        Those approved by at least 51 master nodes (51%) are considered valid.


The idea is that with the proper functioning of most master nodes, a loss of several keys will be not crucial. Nonetheless, that system has a significant downside –– the network risks falling victim to 51% attack. Decide for yourself: if attackers access and control most master nodes, they could relay invalid or falsified transactions to the network.


UMI uses a disparate approach. Not only a few, but even most of the master node keys lost do not pose any threat to the network. Because each (!) master node checks an incoming block against all (!) of the rules. In other words, if someone obtains the secret keys to most master nodes, creates an incorrect block, and tries to send it to the network, the block will be immediately rejected and blacklisted, while the nodes that signed it will be blocked. Thus, an incorrect and fake transaction can get into the UMI network only if approved by ALL master nodes (100%) instead of 51% as in the case with other cryptocurrencies.


Six-level security of the UMI blockchain provides this cryptocurrency with the best ever protection which has never been seen before. That is because the UMI team considers the security of users' coins as a priority.


We wish you a pleasant experience using our product.

Sincerely yours, UMI team

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- Speed
(number of transactions per second):

BTC — 10 
UMI — 1000-4000 

- Transfer fees

BTC — 1-5 $ 
UMI — no commissions 

- Waiting for secure transfer

BTC — 30 min-2 hours 
UMI — a few seconds 

- Security

BTC — very high 
UMI — maximum 

- Lack of verification

BTC — yes 
UMI — yes 

- Decentralization

BTC — yes 
UMI — yes 

- Ability to create coins
(mining / staking)

BTC — yes 
UMI — yes 

- Simple scalability

BTC — no 
UMI — yes 

- Transparency
(open source)

BTC — yes 
UMI — yes 

- High tech
(smart contracts)

BTC — no 
UMI — yes 

- Convenience

BTC — no 
UMI — yes 

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Traditional Mining vs Green Staking: How UMI Cares for the Planet

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Cryptocurrencies are about a major contribution to the transformation of the existing financial system. They can dramatically change the world and be of great benefit to humankind. But looking for benefits mustn't do harm to the environment.

We've taken up this theme for a reason. It is indeed possible to do harm. In fact, harm is already being done. Do you want to know in what way? By traditional mining, which is necessary to maintain the Bitcoin network, and thousands of other Proof-of-Work-based cryptocurrencies.

Negative impact of traditional mining

In order to maintain the Bitcoin network or other PoW-based cryptocurrencies, miners have to solve complex computational math problems — by doing so they verify the authenticity of transactions and add valid ones to the blockchain. This process is dubbed mining and requires extensive computing resources.

The need to compete to solve a mathematical puzzle and receive a reward makes people use more and more powerful equipment. This is how new bitcoins are generated. With the cryptocurrency boom, harmless mining on computers turned into an endless race among miners. Today miners not only buy high-performance computers. Some miners create farms consisting of energy-consuming ASIC devices while others use huge plants to mine bitcoins.


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A mining farm consisting of thousands of ASIC devices. Source.

As you know, intensive computing power requires elevated power expenses and leads to air pollution and a waste of natural resources. This poses a serious problem. Nowadays electric power stations, which are thermal power plants (TPP), burn fossil fuel, such as coal or natural gas, to produce electricity.

This process causes CO2 (carbon dioxide) emissions which adversely affect the biosphere — mining contributes to the greenhouse effect which heats the planet up. This consequently causes a global warming effect with its associated impacts on the environment and may pose threats to life on the planet. What is more, every minute we are breathing the same polluted air, thereby being at risk of a bunch of diseases and complications. All these factors shorten life expectancy for us and our children. Air pollution cause a great deal of premature deaths

The more carbon dioxide gets into the environment, the more harm it does. Carbon dioxide is a harmful by-product of industrial activity. The biting irony is that we use natural resources to generate these emissions, and these resources have limits too. Traditional mining significantly exacerbates the global problem and the situation has been deteriorating in recent years.

The effects of carbon footprint are already being felt

There are, undoubtedly, a lot of other factors that cause global environmental degradation, but the impact of mining should never be ignored. Bitcoin mining is estimated to produce as much carbon dioxide as that produced by industries of Estonia, Switzerland, the Czech Republic, Jordan, or Sri Lanka.

The entire bitcoin network is responsible for 22-22.9 million tons of CO2 per year — just think and try to imagine how much it is. Chinese miners represent about half (47%) of emissions. In China energy is cheap as it's produced by coal-fired thermal power plants. Once we add emissions produced by mining other cryptos, the numbers will double!


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Powerful mining equipment. Source.

Two years ago, Nature Research journal published an article regarding Bitcoin emissions. It said: "We cannot predict the future of Bitcoin, but projected Bitcoin usage, should it follow the rate of adoption of other broadly adopted technologies, could alone produce enough CO2 emissions to push warming above 2 °C within less than three decades." Two years later, we can see the researchers' concerns had the ground — digital gold keeps to be mined with the same enthusiasm as well as the planet keeps to be polluted. "It [Bitcoin] alone could produce enough emissions to raise global temperatures as soon as 2033, " warn a group of researchers.

As an alternate solution, miners are encouraged to use renewable energy (wind, solar, etc.) — which can make bitcoin mining more environmentally friendly. Unfortunately, renewable energy sources account for just a small share of global energy which makes them impossible to be used widely. Moreover, in the pursuit of profit, miners don't seem particularly eager to get rid of profitable equipment which cost them a fortune.

Nonetheless, the fact that modern cryptocurrencies disapprove environment-damaging mining lets us hope for the early improvement of the situation. UMI is one of these cryptocurrencies.

UMI is a green cryptocurrency based on smart contract

Not all cryptocurrencies use computing power to generate new coins. For example, there are cryptocurrencies based on Proof-of-Stake (PoS) and Proof-of-Authority (PoA) technology. UMI is just like that.

As a substitute for mining and to incite users, UMI uses Staking Smart Contract which allows generating new coins with no energy expenses and powerful equipment. No waste of natural resources. Staking technology is perfectly safe for the planet. This is the latest technological development loop of crypto industry.


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UMI can be definitely called an environmentally friendly cryptocurrency as it has no negative impact on the environment. Today this is of greatest importance for all of us. UMI staking neither endangers human health nor harms the environment. In other words, we are protecting the planet and all the people that inhabit it. This is something we can be really proud of. Because the environment influences our health, and good health is the most important thing in life.

As a final note, we would like to say that adhering closely to their ideology, the UMI team collaborates only with environmentally conscious partners who are concerned with the protection of the natural world. This was the main reason for choosing the ROY Club as our partner. We are certain this will be productive cooperation which will make this world a better place.

Join in and invite all your friends — together we can create new UMI coins using eco-friendly staking and care for our planet!

Best regards, UMI Team!

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UMI stands for «Universal Money Instrument».


📌 Universal — because it provides the user with a whole bank in his pocket.


📌 Cash — because using the coin is as easy as fiat money.


📌 Tool — because it allows you not only to make transfers, but also to create coins through a smart contract.

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A Glance at the Heart: Proof-of-Authority Technology in the UMI Network

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Greetings from the UMI Team! Our Whitepaper describes in detail the key pros and cons of the two mechanisms which the great majority of other cryptocurrencies are based on:

● Proof-of-Work (PoW) — mining technology. Used in Bitcoin, Ethereum, Litecoin, Monero, etc.

● Proof-of-Stake (PoS) and its derivatives — forging technology. Used in Nxt, PeerCoin, NEO, PRIZM, etc.

As a result of a careful analysis of PoW and PoS, which are designed to fight against centralization, there came a conclusion that they both fail to perform their main mission and, in the long run, they lead to the network centralization and poor performance. For this reason, we took a different approach. We use Proof-of-Authority (PoA) algorithm coupled with master nodes, which can ensure the UMI network with decentralization and maximum speed.

The Whitepaper allows you to understand the obvious things. This article will give you a clear and detailed explanation of the technology implemented in the UMI network. Let's glance at the heart of the network right now.

Proof-of-Authority: How and Why It Emerged

It's been over a decade since the first transaction in the Bitcoin network. Over this time, the blockchain technology has undergone some qualitative changes. It's down to the fact that the cryptocurrency world seeing the emerging Proof-of-Work defects in the Bitcoin network year after year has actively searched for ways to eliminate them.

PoW decentralization and reliability has an underside of low capacity and scalability problem that prevents the network from rectifying this shortcoming. Moreover, with the growing popularity of Bitcoin, greed of miners who benefit from high fees resulting from the low network throughput has become a serious problem. Miners have also started to create pools making the network more and more centralized. The “human factor” that purposefully slowed down the network and undermined its security could never be eliminated. All this essentially limits the potential for using PoW-based cryptocurrencies on a bigger scale.

Since PoW upgrade ideas came to nothing, crypto community activists have suggested cardinally new solutions and started to develop other protocols. This is how the Proof-of-Stake technology emerged. However, it proved to be excellent in theory rather than in practice. Overall, PoS-based cryptocurrencies do demonstrate a higher capacity, but the difference is not as striking. Moreover, PoS could not fully solve the scalability issue.

In the hope that it could cope with the disaster plaguing all cryptocurrencies, the community came up with brand new algorithms based on alternative operating principles. One of them is the Proof-of-Authority technology. It was meant to be an effective alternative with a high capacity and a solution to the scalability problem. The idea of using PoA in cryptocurrencies was offered by Gavin Wood — a high-profile blockchain programmer and Ethereum co-founder.

Proof-of-Authority Major Features

PoA's major difference from PoW and PoS lies in the elimination of miner or forger races. Network users do not fight for the right to be the first to create a block and receive an award, as it happens with cryptocurrencies based on other technologies. In this case blockchain's operating principle is substantially different — Proof-of-Authority uses the “reputation system” and only allows trusted nodes to create blocks.

It solves the scalability problem allowing to considerably increase capacity and handle transactions almost instantly without wasting time on unnecessary calculations made by miners and forgers. Moreover, trusted nodes must meet the strict capacity requirements. This is one the main reasons why we have selected PoA since this is the only technology allowing to fully use super-fast nodes.

Due to these features, the Proof-of-Authority algorithm is seen as one of the most effective and promising options for bringing blockchain to various business sectors. For instance, its model perfectly fits the logistics and supply chain management sectors. As an outstanding example, PoA is effectively used by the Microsoft Azure cloud platform to offer various tools for bringing blockchain solutions to businesses.

How the UMI Network Gets Rid of the Defects and Incorporates the Benefits of Proof-of-Authority Method

Any system has both drawbacks and advantages — so does PoA. According to the original PoA model, each trusted node can create a block, while it is technically impossible for ordinary users to interfere with the system operation. This makes PoA-based cryptocurrencies a lot more centralized than those based on PoW or PoS. This has always been the main reason for criticizing the PoA technology.

We understood that only a completely decentralized product could translate our vision of a "hard-to-hit", secure and transparent monetary instrument into reality. Therefore, we started with upgrading its basic operating principle in order to create a product that will incorporate all the best features while eliminating the defects. What we’ve got is a decentralized PoA method. We will try to explain at the elementary level:

- We've divided the nodes in the UMI network into two types: master nodes and validator nodes.

- Only master nodes have the right to create blocks and confirm transactions. Among master node holders there's the UMI team and their trusted partners from across the world. Moreover, we deliberately keep some of our partners — those who hold master nodes — in secret in order to secure ourselves against potential negative influence, manipulation, and threats from third parties. This way we ensure maximum coherent and reliable system operation.

- However, since the core idea behind a decentralized cryptocurrency rules out any kind of trust, the blockchain is secured to prevent master nodes from harming the network in the event of sabotage or collusion. It might happen to Bitcoin or other PoW- or PoS-based cryptocurrencies if, for example, several large mining pools unite and perform a 51% attack. But it can’t happen to UMI. First, the worst that bad faith master node holders can do is to negligibly slow down the network. But the UMI network will automatically respond to it by banning such nodes. Thus, master nodes will prevent any partner from doing intentional harm to the network. Moreover, it will not be able to do this, even if most other partners support it. Nothing — not even quantum computers — will help hackers. Read our post "UMI Blockchain Six-Level Security" for more details.

- A validator node can be launched by any participant. Validator nodes maintain the network by verifying the correctness of blocks and excluding the possibility of fakes. In doing so they increase the overall network security and help master nodes carry out their functions. More importantly, those who hold validator nodes control those who hold master nodes and confirm that the latter don't violate anything and comply with the rules. You can find more details about validator nodes in the article we mentioned above.

- Finally, the network allows all interested users to launch light nodes (SPV), which enables viewing and sending transactions without having to download the blockchain and maintain the network. With light nodes, any network user can make sure if the system is operating properly and doesn't have to download the blockchain to do this.

- In addition, we are developing the ability to protect the network in case 100% of the master nodes (10,000 master nodes in total) are "disabled" for some reason. Even this is virtually impossible, we've thought ahead and in the worst-case scenario, the system will automatically move to PoS. By doing so, it will be able to continue processing transactions. We're going to tell you about this in our next publications.

Thus, the UMI network uses an upgraded version of this technology which possesses all its advantages with drawbacks eliminated. This model is truly decentralized and maximum secured.

Another major drawback of PoA-based cryptos is no possibility to grant incentives to users. PoA doesn't imply forging or mining which allow users to earn cryptocurrency while generating new coins. No reward for maintaining the network is the main reason why the crypto community is not interested in PoA. This is, of course, unfair. With this in mind, the UMI team has found the best solution — the unique staking smart-contract. It allows you to increase the number of your coins up to 40% per month even with no mining or forging meaning the human factor cannot have a negative impact on the decentralization and network performance.

New-Generation Proof-of-Authority

The UMI network uses an upgraded version of PoA technology which possesses all its advantages with drawbacks virtually eliminated. This makes UMI a decentralized, easily scalable, and yet the most secure, productive, profitable and fair cryptocurrency, working for the sake of all people.

The widespread use of UMI can change most aspects of society in different areas, including production, commerce, logistics, and all financial arrangements. We are just beginning this journey and thrilled to have you with us. Let's change the world together!

Best regards, UMI Team!

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  • MrD changed the title to [UMI] Universal Money Instrument - umi.top

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