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Upbit, one of the most trusted global digital asset exchanges, has announced plans to support trading for Valve (VANA), which is tradable on the KRW, BTC, and USDT markets.
Upbit Announces Valve (VANA) Trading Support in KRW, BTC, and USDT Markets
VANA Commercial Launch Details
Due to the time required to ensure sufficient liquidity for stable trading, Upbit will announce the exact trading start time at least one hour before the launch.
VANA deposits and withdrawals will only be supported via the Valve Network (VANA-Vana). Upbit has warned users to verify network details before initiating transactions, as deposits or withdrawals will not be processed via unsupported networks.
Key Restrictions at Launch
To ensure a smooth launch, Upbit will implement temporary trading restrictions:
Buy Orders Restricted: Buy orders will be disabled for the first 5 minutes after trading support begins.
Minimum Sale Price Restriction: The minimum sale price will be announced one hour before the transaction starts.
Order Types Limited: Only limit orders will be available for the first hour, all other order types will be temporarily disabled.
What is a Valve?
Valve is a decentralized network designed for user-owned data, allowing individuals to upload data to Data DAOs (decentralized autonomous organizations for data) that can be used in AI learning.
Data DAOs can create shared revenue opportunities by selling datasets to AI developers and other organizations, with the agreement of data contributors.
*This is not investment advice.