[Upbit Notes] New Listing Update

Photo by AbsolutVision on Unsplash

Upbit added following digital asset on KRW, BTC market

  • KRW Market : AVAX (AVAX C Chain)
  • BTC Market : AVAX (AVAX C Chain), IMX

*AVAX : Upbit only supports AVAX C-Chain mainnet network for deposit. (Deposits from the other networks (ex) X-Chain mainnet, BSC) cannot be supported. Please be noted that the AVAX ONLY on C-chain can be accepted when you deposit from the p2p wallet or the other Exchanges’ account)
*IMX : Upbit only supports ERC-20 protocol for deposit. (Deposits from the other networks (ex) BSC) cannot be supported.)

When trading AVAX at KRW, BTC market, check the limitation on buying described below.
Furthermore, we would like to inform you that push messages sent when adding new digital assets have been cancelled to create a stable trading environment.
1) Trading opens at : 2022–02–08 20:00 KST (estimated time).
2) Buy orders are limited for the opening 5 minutes
. AVAX : Based on the closing price (0.00179 BTC / 94,369 KRW) of Coinmarketcap in previous day, sell orders lower than -10% will not be allowed.
. IMX : Based on the closing price (0.00006499 BTC) of Coinmarketcap in previous day, sell orders lower than -10% will not be allowed.
3) Buy/Sell orders at Market price and reservations for Buy/Sell order are limited for about an hour after the market support.

※Investment risk guide

  • digital asset investment can be subject to rapid fluctuation of price due to speculative demand and changes in domestic and overseas regulatory environment. It is investor’s responsibility to judge the investment, and any loss that may arise is attributable to the investor. Fully understand the characteristics of the digital asset and we ask you to invest with it caution. Upbit strongly recommends that you do your own research, referring the website and disclosures of token projects before making any financial decisions.
  • Due to the overheated trading environment, there is a difference in market prices between domestic and foreign exchanges. Please make sure that pay attention to the difference in the market prices from the global exchange before investing in digital assets.
  • According to Coinmarketcap, the prices of 2 digital assets are as below. Please be noted to the high volatility before investing in digital assets.
    . AVAX : 0.001895 BTC, 99,750 KRW / IMX : 0.00006746 BTC (2022. 2. 8. 12:30 (KST))
  • Upbit takes various measures to create a stable trading environment, such as a limit of minimum order amount, but some users may be exposed to order stabilization messages depending on the overheated investment environment. Please note that this is an inevitable measure for a stable service after processing the orders of the users who ordered first.

AVAX (Avalanche) project description:
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.
AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.

IMX (Immutable X) project description:
Immutable X positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable X, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security. To achieve that, Immutable X is built with STARK zk-rollups.

As for the detailed information, please see here.

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