Umoja Takes Center Stage in BitDegree New Mission

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Umoja Asset Management Protocol Takes Center Stage in BitDegree New Mission

Written by Aaron S.,

Editor-In-Chief

Last Updated: July 01, 2024

Key Takeaways

The new BitDegree Mission focuses on the Umoja asset management protocol;
Participants who complete the Mission and create a Synth Option by August 1 become eligible for the UMJA token airdrop;
BitDegree Missions reward users with Bits, increasing their Degree and improving chances to win prizes in Lucky Draw events.

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Umoja Asset Management Protocol Takes Center Stage in BitDegree New Mission

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BitDegree, a leading Web3 education platform, has recently announced a new Mission centered around the Umoja asset management protocol.

Umoja, the world's first smart money protocol, introduces innovative tools like Synths and smartcoins. Synths are tokenized asset management strategies that also serve as the basis for creating smartcoins, which are self-trading digital assets.

The Umoja ecosystem will soon include the UMJA token expected to launch in August 2024. The token will have multiple purposes, including governance, protocol fee discounts, and insurance.

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The Mission aims to familiarize participants with the Umoja protocol and its Synths with the opportunity to earn rewards.

Users who complete the Mission and create a Synth Call or Put Option before August 1 will be eligible for the UMJA airdrop, which includes 250,000 tokens. Detailed instructions on how to create the Options are provided in the Mission description.

Additionally, all BitDegree Missions reward participants with Bits, increasing their Degree and making the learning process more continuous. A higher Degree translates to greater chances of winning prizes in Lucky Draw events.

For instance, the Lucky Draw for the recent Mission about the Kraken crypto exchange features a 200 USDT prize pool to be shared among 20 lucky winners.

Overall, BitDegree's initiative educates users about innovative protocols like Umoja and encourages continuous learning and engagement through its rewarding structure.