Umbrella Network Announces Final Results of IDO Whitelist
By: John Chen
Tags: Umbrella Network Token, Oracle, Umbrella Network News, İdo, Defi

The results are in. After many days of hard work, we managed to sort through 110,000 applications for the whitelist, with 54,000 applicants for Round 1 and 56,000 applicants for Round 2. So without further ado, Umbrella Network is delighted to announce the final results of both rounds of the IDO Whitelisting process. Please visit whitelist-check.umb.network and input your wallet address to find out if you have been selected to be whitelisted. A total of 1,000 applicants were selected to be whitelisted, with a max cap of $400 USD per winner, and no minimum. For instructions on how to participate at Polkastarter and claim your tokens, please go here.

We understand how competitive this whole process was, and want to thank everyone for their patience as we tried our best to deliver as smooth and fair of a process as possible. Anyone who submitted the same or near duplicate submission with the same wallet address, we did not penalize but simply consolidated into a single application, as we assumed it was an honest mistake or oversight. And for those of you who applied to Round 1 but did find your wallet address selected, we suggest that you double check the final results, just in case.

IDO Whitelist Recap

Total Applications: 110,000

Total Applications Whitelisted: 1,000

Max Cap: $400 USD in equivalent ETH, no Min

IDO Date & Time: 2PM UTC, 9th February 2021

Please check results at: whitelist-check.umb.network

Please check this google doc for which pool (POLS or non-POLS) you are listed under. There are two sheets, so make sure to check both.

for which pool (POLS or non-POLS) you are listed under. There are two sheets, so make sure to check both. For instructions on how to participate at Polkastarter and claim your tokens, please go here.

We would like to emphasize that we tried to run as fair of a process as possible, filtering out bots and suspicious entries, and then randomly selecting remaining applications for whitelist. But in running a process like this, there will inevitably be many people that may be disappointed in the results, given the limited number of slots available, and in particular those who have been with us in the community since the early days. We have not forgotten about those early supporters.

Umbrella Network has partnered with Bounce to host a lottery based NFT token sale on the same day as the IDO, Tuesday 9th February. 1,000 of our earliest community members will be eligible to win 250 slots. Winners will receive exclusive NFTs as well as 5,000 UMB tokens. 100% of the proceeds from the sale will go to fund Umbrella’s Community Arts Program. Full announcement details of the event can be found here.

This is only the first of many ways that members of our community can contribute and earn UMB in the future. Stay tuned for more opportunities such as the soon-to-launch Ambassadors program and much much more.

It has been a truly humbling experience to see the community grow and come together to join our mission to bring the world’s data on chain. Umbrella Network would like to extend our heartfelt thanks to everyone who has supported and contributed to our growth. The best is yet to come.

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For any inquiries, please contact us at marketing@umb.network