Blockchain Protocol Umia Revolutionizes Token Launches with Open Auction

Umia is a blockchain-based venture protocol that allows founders to launch their tokens through an open auction. The platform ensures transparency and fairness in fundraising, as funds raised sit in an on-chain treasury contract that the founding team cannot spend on its own.

The team draws a monthly allowance for development and go-to-market expenses, which is set at formation with recipient addresses and purpose limits. Any additional expenses or new commitments require approval from decision markets, where options are priced against their potential impact on the token's value.

Umia has a total supply of 50,000,000 tokens, with 24,349,850 in circulation as of September 2, 2026. The remaining tokens will vest over 36 months from the token generation event, with 10,000,000 reserved for a performance reserve released at sustained price milestones.