UMBRELLA is a historic Counterparty token issued in November 2014.\n\nIts 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.\n\nThe 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.\n\n7 years on from the (presumably failed) promotional scheme, the token issuer updated the asset with an original Bitcoin umbrella artwork.\n\nThis historic token is a reminder of Bitcoin's early years and the earliest tokenized asset in existence. There are now just 300/600 in circulation.\n\n7 years ago (2014-11-05) https://xchain.io/tx/96626 View contents of NFT by expanding Properties Below and at Emblem.Finance 👇 [View this NFT on Emblem.Finance](https://emblem.finance/nft?id=41000918269803241) XCP Explorer: [199dC2XnrDpRCywTqpJTFN8erEuAPTGti4](https://xchain.io/address/199dC2XnrDpRCywTqpJTFN8erEuAPTGti4)