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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.