What is FRONT

Learned by 976 usersPublished on 2024.03.29Last updated on 2025.05.13

0.19

-1.56%

  • Last Price0.19
  • Market Cap1.53M
  • All-Time Low0.01
  • Circulating Supply7.77M
  • Turnover (24h)247.47
  • All-Time High6.99
  • Total Supply89.99M
  • Fully Diluted Market Cap1.53M

Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

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1. Project Introduction
UMA (Universal Market Access) is an optimistic oracle protocol that enables fast and secure real-world data validation for smart contracts. It relies on two main components: the Optimistic Oracle (OO) and the Data Verification Mechanism (DVM). OO quickly delivers real-world data, which is assumed correct unless disputed. If challenged, the DVM kicks in, and UMA token holders vote on the data’s accuracy within 48 hours, ensuring trust and decentralization.
Summary: UMA provides decentralized data verification services via its optimistic oracle and dispute resolution mechanism, ensuring fast data processing and transparent, community-driven validation.
2. Team & Investment Info
Team:
Founded in 2018 by Hart Lambur, former Goldman Sachs trader and founder of Openfolio; Columbia University graduate.
CTO Matt Rice is a former Google engineer and led blockchain financial inclusion projects at One Daijo.
The project is developed by Risk Labs, which also created the Layer 2 cross-chain bridge Across, leveraging UMA’s oracle system.
Funding:
December 2018: $4M seed round led by Placeholder, with participation from Coinbase Ventures, Dragonfly, Blockchain Capital, and Bain Capital Ventures.
July 2021: Raised $2.6M via range token issuance, backed by Amber Group, BitDAO, Blockchain Capital, Robert Leshner, and Wintermute.
In 2020, IOSG Ventures also invested (amount undisclosed).
3. Social Media URLs
X: https://x.com/UMAprotocol
Discord: http://discord.uma.xyz/
Medium: https://medium.com/uma-project
4. Token Info
Token Symbol: FRONT
Total Supply: 121,814,218
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0x04Fa0d235C4abf4BcF4787aF4CF447DE572eF828
Token Distribution:
Risk Labs founders, early contributors, seed investors: 48.50%
Developers and UMA users: 35.00%
Future token sales: 14.50%
Uniswap liquidity pool: 2.00%
5. Related Links
Official Website: https://umaproject.org/
White Paper: https://github.com/UMAprotocol/whitepaper
GitHub: https://github.com/UMAprotocol

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Welcome to HTX.com! We've made purchasing Frontier (FRONT) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy Frontier (FRONT) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your Frontier (FRONT)After purchasing your Frontier (FRONT), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade Frontier (FRONT)Easily trade Frontier (FRONT) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

304 Total ViewsPublished 2024.03.29Updated 2025.05.13

What is FRONT

1. Project IntroductionUMA (Universal Market Access) is an optimistic oracle protocol that enables fast and secure real-world data validation for smart contracts. It relies on two main components: the Optimistic Oracle (OO) and the Data Verification Mechanism (DVM). OO quickly delivers real-world data, which is assumed correct unless disputed. If challenged, the DVM kicks in, and UMA token holders vote on the data’s accuracy within 48 hours, ensuring trust and decentralization.Summary: UMA provides decentralized data verification services via its optimistic oracle and dispute resolution mechanism, ensuring fast data processing and transparent, community-driven validation.2. Team & Investment InfoTeam:Founded in 2018 by Hart Lambur, former Goldman Sachs trader and founder of Openfolio; Columbia University graduate.CTO Matt Rice is a former Google engineer and led blockchain financial inclusion projects at One Daijo.The project is developed by Risk Labs, which also created the Layer 2 cross-chain bridge Across, leveraging UMA’s oracle system.Funding:December 2018: $4M seed round led by Placeholder, with participation from Coinbase Ventures, Dragonfly, Blockchain Capital, and Bain Capital Ventures.July 2021: Raised $2.6M via range token issuance, backed by Amber Group, BitDAO, Blockchain Capital, Robert Leshner, and Wintermute.In 2020, IOSG Ventures also invested (amount undisclosed).3. Social Media URLsX: https://x.com/UMAprotocolDiscord: http://discord.uma.xyz/Medium: https://medium.com/uma-project4. Token InfoToken Symbol: FRONTTotal Supply: 121,814,218Token Type: ERC-20Issuance/Burn Mechanism: Fixed supplyContract Address: 0x04Fa0d235C4abf4BcF4787aF4CF447DE572eF828Token Distribution: Risk Labs founders, early contributors, seed investors: 48.50%Developers and UMA users: 35.00%Future token sales: 14.50%Uniswap liquidity pool: 2.00%5. Related LinksOfficial Website: https://umaproject.org/White Paper: https://github.com/UMAprotocol/whitepaperGitHub: https://github.com/UMAprotocol

977 Total ViewsPublished 2024.03.29Updated 2025.05.13

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