May 23, 2022
KOMMUNITAS COLLABORATES WITH THE UMBRELLA NETWORK
Umbrella Network, the leading decentralized oracle solution that provides remarkably flexible and scalable remedies to blockchain-powered applications without sacrificing safety, reliability, or cost-effectiveness, has formed a strategic alliance with Kommunitas, a popular decentralized launchpad that promotes projects across multiple blockchain networks.
ABOUT KOMMUNITAS
Kommunitas is a tier-free, decentralized Launchpad. Kommunitas is the solution for projects involving multiple chains. Polygon, BSC, Ethereum, Avalanche, Solana, and other blockchains are all welcome on Kommunitas.
Kommunitas has recently unveiled over thirty projects in the last few months, solving a specific issue relating to the ease with which projects are started by eliminating KYC verification.
The launchpad plans to create a smart contract outlet that will allow projects to raise funding only on the basis of meeting their roadmap milestones, ensuring that investors are kept informed about the status of the project they have invested in.
Kommunitas platform is also establishing an extensive portfolio for its community using cost-effective and reliable data solutions, and this relationship will help them achieve their objectives faster.
BENEFITS OF THIS PARTNERSHIP
A significant consequence of this alliance is that the Umbrella Network will provide Kommunitas with a validated price feed for its native token, $KOM as Layer-2 data.
The Layer 2 technology is used by Umbrella Network to embed real-time data into smart contracts, resulting in detailed and dependable reporting.
Kommunitas is committed to maintaining the relative affordability of its native token, $KOM, and to safeguarding the interests of its investors through a clever insurance scheme that provides a full or partial return of tokens as needed.
The Kommunitas team in coalition with the Umbrella team plans to offer appealing crypto investment options to both small and large investors, as well as arrange top-tier projects on its decentralized platform.
The construction of a local decentralized exchange for projects to commence on development and house their liquidity is one of Kommunitas’ creative ambitions. This means that Kommunitas and the Umbrella Network will have various opportunities to collaborate.
ABOUT UMBRELLA NETWORK
Umbrella Network is a rapidly growing community-owned decentralized oracle service that innovatively procures access to data previously elusive to smart-contract authors.
Umbrella Network addresses the persistent issue of scalability in Oracles by adopting a layer two solution and batching transactions using Merkle trees.
Umbrella Network provides very scalable data solutions for blockchain-based applications. These options are incredibly safe, effective, and affordable.
The Umbrella Network is also linked to a number of major data providers to help lessen the risk of a single-source attack.
Visit the following links to learn more about the Umbrella Network:
Website: https://umb.network/
Telegram: https://t.me/umbrellanet
Twitter: https://twitter.com/umbnetwork
LinkedIn: https://www.linkedin.com/company/umbrella-network/
