Upbit, a leading global digital asset exchange, has announced the addition of VeThor Token (VTHO) to its trading platform. Users can now trade VTHO in both KRW and USDT markets, with trading set to begin on January 21, 2025, at the following times (UTC):
- KRW Market: 20:00
- USDT Market: 21:00
Deposits for VTHO will be available within an hour of the announcement, with strict guidelines for ensuring compatibility with the VeChain blockchain network.
Trading Restrictions at Launch
To ensure a stable trading environment, Upbit will implement the following restrictions during the initial trading phase:
- Buy Limit: Buy orders will be restricted for the first 5 minutes after trading opens.
- Sell Limit: Sell orders priced 10% below the previous day’s closing price will be restricted for 5 minutes.
- Order Type Restriction: Only limit orders will be allowed during the first hour of trading.
Market Data for VTHO
- Previous Closing Price: 3.1413 KRW / 0.0021 USDT
- Recent Price (as of January 21, 18:50): 3.23 KRW / 0.0022 USDT
About VeThor Token (VTHO)
VTHO is the gas token of the VeChainThor blockchain, which utilizes a Proof of Authority (PoA) consensus algorithm called SURFACE (Secure Use-case-adaptive Relatively Fork-free Approach of Chain Extension). The blockchain employs a dual-token system with VET as the main token and VTHO for transaction fees and node rewards.
Holders of VET, including node operators, earn VTHO in proportion to their VET holdings, enabling them to cover transaction fees and participate in the VeChainThor ecosystem.
More Information:
- Official Website: VeChain Official Website
- Twitter (X): VeChain Official X
- Whitepaper: VeChain Whitepaper
Investor Cautions and Guidelines
Upbit emphasized the importance of due diligence when investing in digital assets, as they are subject to high volatility, regulatory risks, and price discrepancies across global exchanges. Investors are urged to review official project documents and thoroughly understand the characteristics of the asset before trading.
Upbit also highlighted measures to maintain a stable trading environment, such as minimum order amounts and stabilization messaging for certain trading conditions.
For further assistance, users are encouraged to refresh their browser or app settings if they encounter issues viewing the new asset.
