The Umoja Protocol has attracted $4 million in investments
The Umoja smart Money protocol has completed the initial round of investments. The project has raised $4 million from Coinbase Ventures, Orange Dao, 500 Global and other organizations.
The Umoja decentralized protocol has completed the initial funding round. The project managed to raise $4 million from venture funds Coinbase Ventures, Blockchain Founders Fund, 500 Global. In addition, the protocol was supported by organizations such as Quantstamp, Orange DAO, Hyperithm Psalion and Blizzard Fund from Avalanche.
Representatives of the startup told Cointelegraph that the raised capital will be used to expand access to the smart money protocol, which offers automated investment strategies. According to the press release, with the help of Umoja, investors can trade assets, hedge risks in case of market volatility and optimize profitability.
As Umoja CEO Robbie Greenfield noted, the smart money protocol is aimed at bringing traditional and decentralized finance closer together:
"Bitcoin has opened the doors to affordable money. Umoja makes managing digital assets as easy as storing them."
According to the team's statement, retail traders do not always have access to digital investment strategies and analytical data. The message says that the Umoja protocol will help make money on the growth of bitcoin and other crypto assets.
Source: https://incrypted.com/protokol-umoja-privlek-4-mln-investicij/
