Dear Users,


AscendEX has launched Umbrella Network (UMB) Staking Service. Details are as follows:


UMB Staking

Reward TokenRUMB1
Minimum Delegation Amount100 UMB
Maximum Delegation AmountNone
Minimum Staking PeriodUnstake anytime
Reward Calculation Starting TimeT+1 Day
Reward Distribution Starting TimeT+2 Day
Reward Distribution CycleEvery Day
Regular Unbonding Period1 Day
Minimum Undelegation Amount100 UMB
Instant UnbondingSupported
Instant Unbonding Fee1%
Staked Assets as Margin CollateralNot Available Now
Compound ModeNot Available Now



Notes: UMB staking rewards distributed in the form of RUMB1 tokens. RUMB1 is non-tradeable. Umbrella will generate 111,872 RUMB1 everyday after launch. RUMB1 will be redeemable for 1 UMB when certain business milestones are reached or 1 year from start of Milestone 1. Each day, a maximum of 223,744 RUMB1 can be exchanged for UMB. This RUMB1 for UMB exchange process will take 6 months or less.


PC: Click here to participate in UMB Staking

App: Click [Staking] on the homepage to participate.


We truly appreciate your continued support.


AscendEX Team

April 26, 2021




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