Li Lin's New Beginning: UMX Connects Crypto and Stocks with a Unified Market; UMI "Youmi" Points Officially Launched 13 years ago, Li Lin founded Huobi, solving the problem of "where to trade Bitcoin" at that time. 13 years later, the boundaries between crypto and traditional finance are increasingly blurred. This former exchange pioneer, through his Avenir Group, incubated UMX (The Unified Market Exchange), attempting to create a unified trading portal between crypto and traditional finance. —————————————————— UMX is positioned as a crypto-friendly securities platform for global professional investors. The core is "one account connecting crypto and stocks." Users can trade real Hong Kong and US stocks, ETFs, US stock options, and margin trading under a unified account system. It also supports crypto spot trading, leverage, contracts, and options. Funds can be flexibly transferred between securities, crypto assets, and fiat currency. It supports "holding..." UMI (Buy Stocks Directly with Crypto Assets) – Buy stocks by pledging crypto assets, no need to sell crypto first. Securities can also be used as margin for crypto transactions. —————————————————— Recently, UMX officially launched its long-term ecosystem points system – UMI "Youmi" Points Focusing on rewarding transaction contributions The first round of "blind mining" began at 00:00 on November 11th and ended at 24:00 on November 17th (UTC+8). For a limited time of 7 days, eligible transactions will enjoy a 3x bonus on regular points. The total prize pool is 5 million UMI. Points, no upper limit per account —————————————————— The points calculation method is quite pragmatic: Points are awarded based on actual qualified transaction fees paid, not the transaction amount. It covers qualified transaction fees for one spot pair, one perpetual contract pair, delivery contracts, and options. Stablecoin swaps, funding fees, liquidation fees, delivery fees, exercise fees, zero-fee or negative-fee transactions. And certain specific trading pairs are excluded. This design effectively curbs wash trading and more closely reflects the platform's actual revenue contribution. Points will be distributed uniformly within 7 days after the event ends. If the total qualified points exceed the prize pool, they will be reduced proportionally. From November 18th, the event will enter a regular phase, and subsequent incentives such as the initial launch pool will be opened. The official UMI Defined as a long-term mechanism for continuously recording user participation and contributions. In the future, it will unlock diverse ecosystem rights and exclusive benefits (specific redemption rules will be announced separately). There has also been discussion within the community that it may be linked to long-term platform rights or even equity-related arrangements. However, the official announcement will prevail. For users who already have cross-market trading needs, this is equivalent to an additional layer of points rewards on top of normal trading. For the platform, it is an attempt to bind user contributions to the long-term ecosystem. ———————————————— From Huobi to UMX, Li Lin's focus has shifted from "crypto trading portal" to "unified cryptocurrency and stock market". The current points activity is in its early stages. The window of opportunity is limited; specific participation details are subject to the official UMX activity page. This time, you can accumulate some "Youmi" points as a precaution. After all, Du Jun, the boss, also said he wants to create the largest airdrop in history Better to kill the innocent than let the guilty go free! Link: https://www.(umx.com)/register?ref=XC98YEUS Invitation Code: XC98YEUS