Policy Framework

The following provides a high level overview of Umoja's policy framework:

• Market. Asset Management

• Problem. Investors do not have the resources nor sophistication to automatically hedge their market risks and optimize their yields

• Governance. No Governance in Alpha & Beta Versions, Hybridized (On-Chain & Off) Governance in V1+

• International Compliance & Regulatory Policies. The Umoja Protocol ecosystem and token sale will be managed by the Umoja Foundation, a Cayman Foundation. Provided that the purpose of the protocol is to minimize market losses, rather than generate yield for end-users, the Foundation has received a memorandum of advice that it will not be required to be licensed or registered in the Cayman Islands under the SIB Act.