- New Listing Update
Upbit added following digital asset on KRW, BTC market
- KRW Market : ALGO
- BTC Market : AUDIO
*The deposit for AUDIO will be open within 30 mins of the announcement.
*Minimum deposit amount of AUDIO is 15 AUDIO and Upbit only supports ERC-20 protocol for deposit. (Deposits from the other networks (ex) Solana Mainnet ) cannot be supported.)
*Minimum deposit amount of ALGO is 5 ALGO and Upbit only supports Mainnet for deposit. (Deposits from the other networks (ex) Binance Smart Chain ) cannot be supported.)
When trading ALGO, AUDIO 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) Buy orders are limited for the opening 5 minutes
. ALGO : Based on the closing price(2,051 KRW) of Upbit BTC market in previous day, sell orders lower than -10% will not be allowed.
. AUDIO : Based on the closing price(0.00003765 BTC) of Coinmarketcap in previous day, sell orders lower than -10% will not be allowed.
2) 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.
- 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.
[New digital asset]
ALGO (Algorand) project description:
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
AUDIO (Audius) project description:
Audius is a decentralized music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving everyone the freedom to distribute, monetize, and stream any audio content.
AUDIO is the native utility token for:
- Participating in protocol governance voting
- Staking for running discovery or content nodes so users will get a share of network fees
- Staking to unlock features like artist tokens and badges and receive voting power from fans
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