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Leading global digital asset exchange Upbit has announced the addition of VeThor Token ($VTHO) to its trading platform.
Upbit Announces Market Support for VeThor Token ($VTHO) on KRW and $USDT Markets
Users will now be able to trade $VTHO on both the KRW and $USDT markets, with trading set to begin on January 21, 2025 at the following times.
- KRW Market: 23:00
- $USDT Market: 00:00
Deposits for $VTHO will be available within an hour of the announcement, with strict rules to ensure compatibility with the VeChain blockchain network.
To ensure a stable trading environment, Upbit will apply the following restrictions during the initial trading phase:
- Buy Limit: Buy orders will be restricted for the first 5 minutes after the trade is opened.
- 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
- Last Price (as of 18:50 on January 21): 3.23 KRW / 0.0022 $USDT
About VeThor Token ($VTHO)
$VTHO is the gas token of the VeChainThor blockchain, which uses a Proof of Authority (PoA) consensus algorithm called SURFACE. The blockchain uses a dual token system with $VET as the main token and $VTHO for transaction fees and node rewards.
$VET holders, including node operators, can cover transaction fees and participate in the VeChainThor ecosystem by earning $VTHO in proportion to their $VET holdings.
*This is not investment advice.