Monthly overflows

Smart contract overflows are an innovative mechanism of the UMI coin that has never been used in this form before in other cryptocurrencies.

In UMI, it is a mandatory and automated process to overflow ALL unclaimed coins directly into the blockchain.

On the 1st of every month, all coins on trading addresses, including all exchange addresses, are automatically transferred to staking addresses. The only way to avoid overflow is to use in multiple products in the UMI ecosystem: games, apps, and so on.

This protects the ecosystem from unhealthy hoarding and exchange speculation, keeps demand for UMI high, and incentivizes users to use their coins for specific purposes. All the exchanges that have flooded UMI use regular trading addresses. Therefore, never forget to take care to withdraw your coins from the exchange before the monthly overflow, otherwise they will be lost forever due to overflow to the exchange's staking address.

As a result, a situation where the market is overflowing with coins is simply not possible, as every month all unused coins are sent to work. At the same time, staking and UMI-based products make it possible to increase wealth every month and use more and more UMI coins for payments, obtaining tangible and intangible benefits, business development, entertainment and any other purposes.

Overflows are the basis of stability and utility of UMI, which distinguishes the coin from speculative cryptoprojects without goals and objectives.