Bitcoin Exchange Upbit Decides to List a New Solana-Based Blockchain Project! Here Are the Details

Upbit, one of South Korea’s largest cryptocurrency exchanges, has announced the listing of MetaDAO (META2), a Solana-based blockchain project. According to the official statement released by the exchange, META2 will be available to users on July 29th in Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) trading pairs.

According to the announcement, deposit and withdrawal operations for META2 will be activated within two hours of the announcement’s publication. Spot trading is scheduled to begin on July 29th at 16:30. Upbit also stated that the start time may be postponed if sufficient liquidity is not available.

The exchange emphasized that users can only deposit and withdraw funds through the Solana network. Assets sent via different networks will not be supported, and refunds for such transactions may take a long time. It was also announced that the META2 token will be listed under the symbol “META2” to avoid confusion with the currently traded Metadium (META).

MetaDAO stands out as a platform developed on the Solana blockchain and operating with a market-based governance model. Unlike traditional decentralized autonomous organizations (DAOs), MetaDAO aims to evaluate the impact of community proposals on the project not only through voting but also through a market price mechanism.

The platform brings together fundraising, token launches, and community governance in a single on-chain system, while the META2 token is used in various transactions within the ecosystem, primarily participation in governance processes.

Upbit reminds users to verify the correct network and smart contract address before making transactions, and also emphasizes the need to comply with regulations under the Travel Rule.

*This is not investment advice.