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Leading global digital asset exchange Upbit has announced the listing of Nervos Network ($CKB).
Upbit Announces Market Support for Nervos Network ($CKB) on KRW, $BTC, and $USDT Markets
Support for $CKB trading and transactions will follow the following schedule:
Asset: Nervos Network ($CKB)
Markets: KRW, $BTC, $USDT
Network: Nervos Network
Deposit Start Time: Within 3 hours from the announcement
Transaction Support Start Time: Scheduled as September 13, 17:00.
Before making a deposit, users are advised to double check that they are using the correct network ($CKB-Nervos Network). Deposits made via unsupported networks will not be processed.
Transaction Restrictions:
Buy Order Restriction: Buy orders will be restricted for the first 5 minutes after the trade is opened.
Minimum Sell Price Restriction: Sell orders below 10% of the previous day's closing price will be restricted for the first 5 minutes.
Market and Reserved Orders: These will be restricted for approximately 1 hour after trading begins.
What is Nervos Network ($CKB)?
Nervos is a layer 1 blockchain designed to address scalability issues and enable a more efficient digital asset economy.
It uses the NC-MAX consensus algorithm and a model similar to Bitcoin's UTXO (Unspent Transaction Output) system known as the Cell model.
The network separates state creation and validation into different layers for improved flexibility and scalability. The $CKB token is used for network fees, DAO staking, and governance participation.
*This is not investment advice.