Umbrella Network Partners with Klever Finance

Umbrella Network announced its collaboration with Klever Finance, a crypto exchange and validator supplier in the market. The UMB token, in both versions of ERC20 and BEP20, is now available for trade on the Klever Exchange. Umbrella Network and Klever Finance have formed a collaboration that will help both projects’ communities in a variety of ways. Umbrella Network obtains an extra exchange listing and a community validator, while Klever Finance users/traders have access to trade a new coin (UMB), powering decentralized oracles through the trading volume.

The Community Validators from Umbrella are the foundation of the wider known Oracle network by ensuring data confidentiality and accuracy, as it is processed and written on-chain.

This data is retrieved by the dApps in search of authentic and diverse information. Klever Finance has joined Umbrella Network’s third batch of community validators as a community validator.

Klever Finance has a plethora of experience running validator nodes, having worked for some of the industry’s top companies.

The Klever Exchange now has the UMB token listed. This allows UMB HODLers holding ERC20 or BEP20 UMB tokens in the Klever Wallet to accumulate more and/or reduce their positions.

The Klever Swap feature in the Klever Wallet mobile app allows users to trade UMB directly (both ERC20 and BEP20).

John Chen, president of Umbrella Network, mentioned that they are quite excited to collaborate with Klever Finance on different fronts. Chen added that not only is it fantastic for UMB to be listed on the Klever exchange, but it’s also really valuable for the Umbrella Network to have Klever as a community validator. Their extensive experience in the form of node operator and validator counted as invaluable to Umbrella’s broader community, and Chen is looking forward to having Klever join the team in the journey to total decentralization.

About Klever’s Klever App, Klever Exchange, and other upcoming products serve nearly 3 million users globally. The Klever App is a smart and secure wallet for crypto serving as the network’s hub. For storing, transmitting, receiving, charging, and trading cryptocurrency, the Klever ecosystem is designed to support the world’s top-scoring blockchain, including BTC, XRP, ETH, LTC, and many others. The Klever team, which includes around 90 developers and 120 total employees, is working towards numerous platforms through Klever Labs that include Klever Browser, Klever Blank, and Klever Blockchain, allowing functioning the entire ecosystem.

About Umbrella Network

Umbrella Network is a completely community-driven, scalable, decentralized oracle that uses Layer 2 technology incorporating real-time data into smart contracts for accurate and fast reporting. The Umbrella Network connects the world’s data to the blockchain, allowing DeFi apps to perform at their best in terms of precise data transmission. It thinks that the creation of a truly decentralized financial environment requires a decentralized oracle.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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