Umia has opened the auction for $UMIA, its own token and the first issued through the platform. The early-bid window is live, while the public round will run from August 29 to September 2 on Base through umia.finance. Bids are denominated in USDC, with card deposits supported through Privy, and trading will begin on Uniswap v4 using protocol-owned liquidity after the auction closes. Umia is a full-stack onchain project-launch and governance platform incubated by Chainbound, which raised $4.6 million in August 2024 in a round led by cyber Fund. Its treasury is non-custodial, while board decisions are priced through decision markets. Projects launched through the platform are structured as subsidiaries of a Cayman Segregated Portfolio Company built on the MetaLex BORG framework. $UMIA has a total supply of 50 million tokens, with 40 million allocated at launch and 10 million reserved for performance-based unlocking. Of the launch allocation, 61% is in circulation from the first day, including 17.3 million tokens sold in the auction without lockups and protocol-held allocations. Backer, service-provider and team allocations vest over 36 months after a 12-month cliff. The first external projects are expected to launch through Umia in September, subject to onboarding and legal review.