Success order created successfully.
Error order was not created.
Insufficient Funds You may have outstanding open orders
Amount is too high. The maximum per order is $20,000 order was not created.
Incorrect amount order was not created.

Due to recent regulatory changes in Australia, CoinSpot can no longer offer their trading services to Unverified International Accounts.

Please note, you have not lost access to your CoinSpot account or your current balance, but there are restrictions in place whereby Buying, Selling and Trading activity has now been disabled.

You are still able to withdraw your holdings from your CoinSpot account. Please arrange to withdraw your balance to your own personal wallet or alternative exchange as soon as you are able to.

If you have any further questions or require assistance with your withdrawals, please contact helpme@coinspot.com.au.

You must have an account and be logged in to sell UMA
Rate has already changed you need to be quick, the rate changes very rapidly at times. Try refresh and place your order again.

$10.8808

  -4.50%

Sell max ($20,000) Change to AUD

Cancel

What is UMA?

UMA (UMA) Protocol is a Decentralized Finance (DeFi) Protocol where any two parties can create their own financial contracts and synthetic assets.

  • The protocol can be used to build priceless financial contract designs, which can be used to create synthetic tokens, and Data Verification Mechanism (DVM) for a decentralised oracle service.
  • The UMA token is primarily used for governance and enables token holders to vote on governance decisions such as upgrades to the Data Verification Mechanism (DVM), creating new synthetic assets and settling disputes on liquidated collateral.
  • Each time a vote is held, the total token supply is inflated by 0.05% and is distributed the parties that voted with the majority. Voting for the losing side or failing to vote will indirectly lead to dilution of one's token holdings.

UMA's technology framework enables the creation of fast, efficient, and secure synthetic derivatives on the Ethereum blockchain.

How do I sell UMA?

1.
Enter the amount of UMA (or Australian Dollar equivalent) that you would like to sell.
2.
Click ’Sell’ to confirm your UMA sale and your UMA will process within minutes.
Don't have an account? Click here.