Umia, an on-chain venture capital layer, says it will auction its UMIA tokens at the end of August 2026. The exact date is still to come. The sale will be priced in USDC, and bidding starts at $0.12 per token. If demand climbs, the price climbs with it. And the final clearing price is expected to become the token’s on-chain spot price. Any funds left unused will go back to participants.
Per the project’s published token economics, UMIA will launch with an initial total supply of 50 million tokens. That supply is split into two buckets: 40 million tokens for the initial release supply, equal to 80% of the total, and 10 million tokens for a price-threshold performance reserve, equal to 20%.
Inside that 40 million-token release supply, 17.3 million tokens are set aside for the public auction, or about 34.6% of the initial total supply. That is the biggest single allocation. Tokens sold in the auction will be fully circulating on day one. No lockup. Backers are assigned 10.15 million tokens, around 20.3%, with a 12-month lockup and then a 36-month linear vesting schedule. Another 3.45 million tokens, or 6.9%, are earmarked for liquidity and will be used to supply market-making liquidity to the protocol’s own treasury on Uniswap. The protocol treasury itself holds 3.1 million tokens, about 6.2% of total supply.
The rest of the allocations are out in the open too. Service providers receive 3 million tokens, roughly 6%, with no lockup and a 24-month linear release. The team gets 2.5 million tokens, about 5%, tied to a 12-month lockup and a 36-month linear vesting period; 25% of that amount will be available at launch. Incentive measures make up 500,000 tokens, or about 1%, and those are also held by the protocol treasury.