# Umbrella Network Updates UMB Tokenomics By Coinness Canonical URL: https://www.tokenpost.com/news/investing/6381 Published: 2021-02-04T02:18:02.000Z Updated: 2021-02-04T02:18:02.000Z Section: Investing > Umbrella Network updates the UMB tokenomics in a post. According to Umbrella Network, UMB will be used in Delegated Proof of Stake as a voting token towards delegated governance, and can be used to earn rewards and sh… Umbrella Network updates the UMB tokenomics in a post. According to Umbrella Network, UMB will be used in Delegated Proof of Stake as a voting token towards delegated governance, and can be used to earn rewards and share of user fees. Token holders will be able to participate in governance via validator delegates. And the total max token supply is 500 million UMB. Click 'Read More' for details. [Coinness]() ## Links in this article - [Coinness](https://coinness.com)