Another "prince" project
The Arcium ecosystem prince @UmbraPrivacy will launch a new offering on MetaDAO from the 6th to the 10th of this month.
Let's break it down one by one 👇
1/ Who is Arcium?
It is:
A top-tier Solana project with a total funding of 14 million USD, a parallel computing (privacy) network
"Co-founder harvester." It has received investments from various co-founders including Solana, DoubleZero, Dune, OG, Jupiter, Manta, Wormhole, Jito, Backpack, and Monade.
2/ Who is Umbra?
It is: A privacy trading platform based on the Arcium confidential computing network.
Currently, the public beta version of the Umbra application has been launched, supporting features like private transfers.
Potential use cases for Umbra include:
Confidential payroll systems (employees cannot see each other's salaries)
Anonymous voting in DAOs
Invisible trading strategies
Confidential business partners and transactions
Token distribution:
10 million ICO tokens (corresponding to 750,000 USD raised)
5 million liquidity tokens
13.5 million team allocation (locked for 18 months)
Total supply of tokens at launch: 28.5 million
Calculating, the initial FDV of the tokens at launch is 2.13 million USD.
3/ Conclusion
I have always been cautious about the privacy track.
On a technical level, privacy computing is indeed a necessity.
However, on the user level, most people place far less importance on privacy than on convenience.
On the regulatory level, completely anonymous financial tools face policy risks.
Reasons for optimism include:
Low initial FDV + long-term team lock-up combination
The technological moat of the Arcium ecosystem
The long-term value of the privacy computing track.
@UmbraPrivacy Not a soft article
Can be consumed with confidence
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