- Umia raised $6.11 million after selling 17.3 million UMIA tokens.
- Institutional funds provided about 45% of the auction capital raised.
- UMIA later traded near $0.68, lifting FDV to about $34 million.
The UMIA token sale raised $6.11 million through a seven-day auction hosted on Base. According to PR Newswire, UMIA sold 17.3 million tokens, representing 34.6% of total supply. The auction closed at an $18 million fully diluted valuation. UMIA later traded near $0.68, lifting its fully diluted valuation to roughly $34 million.
UMIA Token Sale Draws Funds and Hundreds of Retail Bidders
The UMIA token sale attracted ten institutional funds and nearly 700 individual bidders. Institutional participants supplied about 45% of total capital raised.
Galaxy Ventures, Digital Currency Group, Draper Associates, Maven 11, RenGen, Alpha EV, and Eon Capital participated. Umia said institutions received the same terms as other bidders.
No fund received board seats, observer roles, or advisory positions. Umia also sold the tokens without lockups, making all auction allocations liquid from launch.
The UMIA token sale ran from August 26 through September 2. It used Umia’s version of Uniswap’s Continuous Clearing Auction and carried a $0.36 maximum token price.
The sale had a $2 million minimum target. Umia said demand pushed proceeds above three times that level.
UMIA Token Sale Funds Treasury and External Project Launches
According to CryptoPatel’s X post, Umia allocated 20% of proceeds from the UMIA token sale to a protocol-owned UMIA-USDC liquidity pool. The remaining funds moved into its non-custodial treasury.
Smart contracts release $120,000 monthly for development costs. Any larger spending request must pass through Umia’s decision-market governance system.
Decision markets replace traditional token voting with conditional markets tied to proposal outcomes. The option with the highest time-weighted price can execute onchain.
Umia has already used that system for treasury deployment. Its first decision market allocated part of $4.77 million in USDC to Aave and Steakhouse.
The UMIA token sale also precedes Umia’s first external project launches. Slop.cash, created by ElizaOS founder Shaw, is expected to launch during the fourth quarter.
Umia has received more than 200 applications across AI, DeFi, fintech, tokenized funds, and real-world assets.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
