In just 6 months, Umoja has grown from an Alpha dApp with $45K in transaction volume to a main-net DeFi protocol with ~$30M across BTC, ETH, and AVAX markets. As we prepare for the TGE in late October, the team has iterated on the tokenomics over 20 times to optimize architecture, incentives, and inflation.

Here’s the TLDR:

• TGE Timing: Umoja’s TGE is aligned with the 2024 - 2025 BTC bull-run cycle (~Oct 2024 - Oct 2025), launching before Alt-season.

• Fixed Token Supply: Increases from 1B to 3B, with former supporters receiving 3x more tokens.

• Token GTM: To be launched on Ethereum network. Token listing price ~$0.025 ahead of Alt-coin season (lowered from $0.06 when at 1B token supply). Lower IMC and token price create more room for growth, appealing to investors.

• Staking Benefits: UMJA stakers earn 15% base APY, with options to boost smartcoin yields by up to 5%. Stakers that stake more, longer can earn up to 25% APY. Minimum staking lock-up period will be 30 days. Early withdrawal will be penalized with 10% token burn. Staking reward emissions halve every year, modeled off BTC.

• Airdrop Choices: Airdrop recipients will have two choices - Redeem much fewer tokens at TGE or re-stake for 30 to 180 days to earn up to 188% APY in vesting rewards.

• Governor Rewards: Umoja Governors can earn bi-weekly USDC rewards via the Working Lottery.

Building a No-BS #WAGMI Protocol

#WAGMI has been complete bullshit for a while now. No one is building toward a greater vision for the better good, and it seems everyone is in Crypto to flop memecoins.

Umoja’s sole purpose and vision is to democratize access to wealth-building tools for everyone, everywhere. We don’t give a fuck about anything else.

For those new to Umoja, how y’all doing? Let’s give you the low-down on the protocol:

What is Umoja?

Umoja is a DeFi protocol that creates "smartcoins" — low-risk, high-yield cryptocurrencies that grow your money using auto-trading.

Why smartcoins?

As structured digital assets, smartcoins offer the complexity of strong DeFi yields, the comfort of risk protection, and the simplicity of HODLing a single token. The global TradFi structured finance market is projected to be $3.5T by 2028. As crypto financial products rise, structured digital assets are poised to become a multi-trillion dollar market.

Who is building Umoja?

Umoja’s Founder, Robby Greenfield (@robtg4), is a 2x technical founder, Goldman Sachs & Amazon alumnus, the Fmr. Head of Impact at ConsenSys, and has been in Crypto since 2011. Umoja Labs, the protocol’s core dev. team, boasts alumni from Coinbase, Goldman Sachs, ConsenSys, Google &  Credit Suisse w/ decades in TradFi, Web3, & Engineering experience.

Who is backing Umoja?

Coinbase Ventures, Blockchain Founders Fund, 500 Global, Avalanche Blizzard, UTXO (Bitcoin Magazine) and many others.

What’s Umoja’s Roadmap?

You can find Umoja’s development roadmap here.

Has Umoja been audited?

Yes, Umoja has been audited by Cyberscope, Quantstamp, and Hacken, and will be audited once more before TGE.

Umoja Tokenomics: Power to Protocol Users

At Umoja, we're building the most active crypto community in the world, united in making wealth creation accessible to all.

Our protocol is designed to maximize yield and minimize risk for smartcoin and UMJA holders. Umoja's tokenomics focus solely on achieving these goals by

1. incentivizing users to stake UMJA in the Insurance Pool, which protects the protocol and enhances token deflation, and;

2. incentivizing users to mint smartcoins, which generates protocol revenue that can then be redistributed to the Insurance Pool, grow the Umoja ecosystem, and reward protocol users.

At the center of Umoja’s micro-economy is the UMJA token. Below, provides an overview of UMJA’s tokenomics and initial token distribution.

Table 1.0: Umoja Tokenomics Overview

Umoja Tokenomics: Growth Flywheels

To jumpstart any economic engine, one needs supply and demand flywheels that intercede natural product market fit.

• We know that structured financial products are already a multi-trillion dollar market in TradFi.

• We know that 99% of retail investors don’t use dApps because they’re too complex.

• We know that nearly every cryptocurrency is not principal protected, and inherently risky.

• We know that everyone who invests in anything expects a positive return.

We know that smartcoins, as the world’s first structured digital assets, are product market fit. What we need are tokenomic flywheels that incentivize smartcoin and UMJA token adoption to kickstart Umoja’s market capitalization and wealth creation for its users.

So, here’s the protocol’s tokenomic flywheels:

Smartcoin Adoption Fuels UMJA Deflation

Umoja offers the only principal-protected (to the token, not USD) yield-bearing cryptocurrencies in the market. Smartcoins often deliver better returns than simply staking or holding native tokens like ETH, SOL, or BTC. This unique feature makes smartcoins an attractive option for those looking to enhance the value of their long positions.

Additionally, smartcoin users can boost their APY by staking UMJA in the Insurance Pool before minting. Similar to how holding BNB reduces Binance trading fees, staking UMJA can give smartcoin minters a yield fee discount of up to (net) 5%. The discount is proportional to the amount of UMJA staked compared to other minters, encouraging competition to maximize yields. As smartcoin volume increases, the circulating supply of UMJA decreases, driving deflation and potential price appreciation.

Simply put, the adoption of smartcoins drives UMJA deflation, leading to its potential price growth.

Dynamic Insurance Pool APYs & Token Burning Fuels UMJA Deflation

Similar to Aave's Safety Module, Umoja's Insurance Pool acts as a reserve fund to protect users from losses caused by Black Swan events or smart contract exploits. Ensuring the Insurance Pool is well-capitalized is crucial to reducing the risk of undercapitalization.

To incentivize staking in the Insurance Pool, the protocol offers a base APY of 15%, with the potential to earn up to 25% for those staking more capital over longer periods. Users compete for higher APYs based on the amount and duration of their stake, with lock-up periods of 30, 90, 180, 365, or 730 days. A minimum 30-day lock-up is required, and early withdrawals result in a 10% burn on both the staked amount and accrued yield.

To control inflation, the tokenomics include minimal lock-up periods, token burns, and annual token emission halvings, inspired by Bitcoin’s halving model. This design gradually reduces UMJA’s inflation while demand is driven by smartcoin and UMJA holders maximizing their yields. Over time, with the predictable reduction in UMJA supply due to burns and increased staking, the net circulating supply should decrease, potentially driving up the token’s price.

Ready to be part of a no-BS community focused on real wealth creation?

Join the Umoja community (TG, Discord) and connect with like-minded builders and investors shaping the future of DeFi.