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Polkastarter Records New All-Time High In Umbrella IDO Participation
Last Updated: 24 February 2021
Umbrella stands as one of the notable decentralized oracle networks out there in the DeFi space. Recently, it published new details regarding its recent Initial DEX Offering, or IDO. These details revealed that the protocol had received 110,000 individuals participate in the offering through the Polkastarter platform.
10 Times As Many People As Planned Wanting To Participate
The offering itself, having occurred on the 9th of February, 2021, saw a staggering 10 times the amount of hopefuls apply for signing up when compared to the available random slots of 1000. By the end of it, only 625 participants managed to be distributed UMB tokens, collectively gathering a total of 2.5 million UMB.