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Token Format
The UMEE token exists in two forms: an Umee blockchain native version (the native UMEE token), and an ERC-20 token version native to Ethereum. The two forms of UMEE tokens can be freely converted to one another through the Umee Gravity Bridge, accessible on the Umee web app.
Native UMEE Token
ERC-20 UMEE Token

The Native UMEE Token

The main purpose of the native UMEE token is to participate in the PoS consensus mechanism to help secure the Umee blockchain and earn PoS staking yield, pay gas fees on the Umee blockchain to execute Umee’s cross chain DeFi transactions, and to be able to vote and participate in protocol governance decisions.
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You are in possession of the native UMEE token native to the Umee blockchain if any of the following are true:
  • Your tokens are stored in an Umee blockchain compatible wallet like Keplr.
  • You purchased UMEE on a Cosmos-based decentralized exchange.
  • You bridged UMEE from Ethereum to the Umee blockchain.

The ERC-20 UMEE Token

The main purpose of the ERC-20 UMEE token is to create a user-friendly experience for Umee to tap into the DeFi legos on Ethereum and allow people to seamlessly access the UMEE token as an ERC-20 token and hold or trade it on centralized exchanges.
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You are in possession of the ERC-20 UMEE token native to the Ethereum blockchain if any of the following are true:
  • Your tokens are stored in an Ethereum wallet like MetaMask.
  • You purchased UMEE on an Ethereum-based decentralized exchange.
  • You bridged UMEE from the Umee blockchain to Ethereum.
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