# Umia Token Auction Set an $18 Million Fully Diluted Valuation

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/26875
Published: 2026-10-05T18:49:59.000Z
Updated: 2026-10-05T18:49:59.000Z
Section: Business

> The seven-day sale raised about $6.1 million. Later price snapshots implied fully diluted values of about $34 million to $39.8 million using the project’s stated supply.

Umia raised about $6.1 million in a seven-day auction of Umia token (UMIA), setting an $18 million fully diluted valuation and establishing a benchmark for the project’s later price snapshots.

The auction ran on Base from Aug. 26 to Sept. 2 and sold about 17.3 million tokens at a clearing price of $0.36. The valuation used a total supply of 50 million tokens. Umia allocated 20% of the proceeds to liquidity and the rest to its treasury.

A price of about $0.68 on Oct. 5 and a later price of $0.795 produced different implied values. At about $0.68, UMIA’s fully diluted valuation would be roughly $34 million; a $0.795 price shown on Umia’s homepage implied about $39.8 million. Both calculations use the same 50 million-token supply, so they are price snapshots rather than a single confirmed valuation.

Galaxy Ventures, Digital Currency Group and Draper Associates participated in the auction. Umia is developing a platform for token sales, a shared legal structure and decision markets. In those markets, participants trade on the expected effects of proposed decisions instead of relying on standard tokenholder votes.

Umia said its first decision market asked whether treasury funds should be deployed into lending protocols on Base, and that the selected strategy was carried out. The company expects its first external projects in the fourth quarter of 2026, subject to onboarding and legal review.

“Serious teams have never had a way to launch a token that is actually tied to the project behind it, so we put our own token through our system first,” Umia co-founder Francesco Mosterts said.