# Umia Will Launch Slop Cash on Robinhood Chain on Nov. 5 By John Kim Canonical URL: https://www.tokenpost.com/news/business/41578 Published: 2026-10-27T06:44:47.000Z Updated: 2026-10-27T06:44:47.000Z Section: Business > Pre-bidding is scheduled for Nov. 5, with formal USDG bidding starting Nov. 7 and ending Nov. 10. Umia will launch Slop Cash (SLOP), an open-source software funding platform, as its first project on Nov. 5, with deployment on Robinhood Chain and a token auction to follow. Slop Cash is designed to fund and reward open-source software. The launch will mark the first project on Umia, and the project’s token is SLOP. Pre-bidding is scheduled to open at noon ET Nov. 5 (17:00 UTC). Formal bidding starts at noon ET Nov. 7 (17:00 UTC), and the auction closes at noon ET Nov. 10 (17:00 UTC). Bids will be made in USDG. The launch follows Umia’s [earlier seven-day auction of Umia token (UMIA)](), which raised about $6.1 million and set an $18 million fully diluted valuation. From Aug. 26 through Sept. 2, buyers acquired about 17.3 million UMIA on Base at a $0.36 clearing price. ## Links in this article - [earlier seven-day auction of Umia token (UMIA)](https://www.tokenpost.com/news/business/26875)