Upbit, a number one digital asset change primarily based in South Korea, has introduced the itemizing of a brand new cryptocurrency. Maple Finance’s native token, SYRUP, will likely be accessible for buying and selling in KRW, BTC, and USDT pairs, the corporate introduced on July 25.
Upbit Launches Buying and selling Assist for Maple Finance (SYRUP) in KRW, BTC, and USDT
Transaction and Switch Schedule
- Buying and selling Begin: July twenty fifth at 15:00
- Community Assist: Ethereum (ERC-20)
- Entry/Exit Opening: Will probably be energetic inside 3 hours after the announcement.
Officers emphasised that customers will solely be capable to deposit and withdraw SYRUP by way of the Ethereum community. Transactions made by way of different networks is not going to be supported.
Commerce Restrictions
Upbit introduced that it will likely be rolling out tiered transaction help for SYRUP transactions:
- Purchase orders can’t be positioned within the first 5 minutes.
- Within the first 5 minutes, no promote order will likely be positioned 10% under the day before today’s closing value.
- Through the first 2 hours, solely restrict orders will likely be processed.
As of 11:10 on July 25, SYRUP’s market costs had been reported as follows:
- KRW: 674.51
- BTC: 0.00000417 BTC
- USDT: 0.4864
What’s SYRUP Token?
Maple Finance is a decentralized finance (DeFi) lending protocol that leverages liquidity from particular person traders by lending to institutional traders who present collateral. The SYRUP token is used on this protocol for each governance participation and staking functions.
Safety and Authorized Notices
Upbit urged customers to evaluation the mission’s detailed documentation and confirm community integrity earlier than investing. It additionally famous that refunds from investments made on the incorrect community could take a very long time. It additionally reminded customers that solely “verified possession” pockets addresses will likely be allowed to enter and exit.
Buyers have been warned that the digital asset market is liable to excessive volatility, regulatory uncertainty, and market fluctuations.
*This isn’t funding recommendation.
