Umia, an on-chain venture capital layer, has set an end-of-August 2026 date for the UMIA token auction. Priced in USDC with a starting bid of $0.12 per token, the final clearing price will serve as the token's on-chain spot price, and unused funds will be refunded. The project also published its token economics: a 50 million token initial supply, split into 40 million released at launch and a 10 million performance reserve. The public auction portion, 17.3 million tokens or 34.6% of total supply, is the largest single allocation and becomes fully circulating immediately with no lockup. Backers receive 20.3% with a 12-month lockup and gradual vesting. Other allocations cover Uniswap liquidity, protocol treasury, service providers, team and incentives.

Odaily’s Aug. 5 interaction roundup highlighted three crypto projects with active user tasks: Psy Protocol, Moss, and Umia. Psy Protocol was described as a privacy-focused layer-1 blockchain built on proof-of-work, with the project saying it had shown about 521,000 TPS on a live PoW network. The article also said Psy Protocol launched its public testnet on Oct. 2, 2025, and that ROOTDATA shows it has raised $9 million from investors including Blockchain Capital. Users can log in through the project’s task page and complete actions such as linking X, joining Discord, and checking in daily. Moss was presented as an AI assistant for the crypto community that turns natural-language trading ideas into executable AI trading agents without coding. Users can download the Chrome extension from the Google app store, sign in with an X account, and claim diamond points through daily check-ins. According to the article, those points may serve as a credential for a future airdrop. The roundup also covered Umia, an on-chain platform for token issuance and governance aimed at early-stage projects. Odaily said Umia’s testnet went live on July 31. Users can log in on the testnet site, claim test tokens, and use them to join an auction, which the article described as the only available interaction task at this stage.