Current token launches each only solve part of the problem of capital formation onchain, but each are limited in their own ways: - Memecoin and creator launchpads: no credibility, no decision-making mechanism, zero say for holders - Permissionless ICO platforms: no standard for legal agreements or treasury management. Works for niche and side projects. - Curated platforms: Expensive, late-stage, and still trust-based. Teams use them as an expansion round after years of building, not as a first auction, and they don't align holders in long-term governance. Umia provides a platform to launch tokens with a fair mechanism through Tailored Auctions, powered by Decision Markets, and with a legal wrapper to bring all of it together