UMBRELLA is a historic Counterparty token issued in November 2014.

Its initial purpose was to raise funds for a promotional Bitcoin scheme devised by a Bitcointalk user named LiteBit. Each of the 600 UMBRELLA tokens was to represent a pre-order and later be redeemed for a physical umbrella adorned with the Bitcoin logo. It was the first time a token was issued on the Bitcoin blockchain as part of a plan to deliver a physical product.

The 600 original token supply was chosen because that was the minimum order from the manufacturer. The UMBRELLA asset would be pegged to the Bitcoin umbrellas 1:1 and eventually exchanged for the real thing.

7 years on from the (presumably failed) promotional scheme, the token issuer updated the asset with an original Bitcoin umbrella artwork.

This historic token is a reminder of Bitcoin's early years and one of the earliest NFTs in existence. There are now just 300/600 in circulation.

Original bitcointalk forum post: https://bitcointalk.org/index.php?topic=856122.0

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