Success order created successfully.
Error order was not created.
Insufficient Funds order was not created.
Amount is too high. The maximum per order is $5,000 order was not created.
Incorrect amount order was not created.
Disclaimer has not been agreed to 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.

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You must have an account and be logged in to sell UMA

$14.8447

  -1.53%

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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.

What is a Take Profit Order?

A Take Profit Order is a type of order where you can set the amount of bitcoin you would like to sell at a desired price ABOVE the current market price.

More Information

How do I Set a Take Profit Order for UMA?

1.
Select the price (Trigger) you would like to sell your UMA if the market rate rises.
2.
Enter the quantity you would like to sell if the market rate rises to your selected price.
3.
Click ‘Set Take Profit to confirm your UMA Take Profit and your order will be created. Manage your open orders from the Open Orders page.
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