South Korea’s Largest Cryptocurrency Exchange, Upbit, Announces Listing of Valve (VANA)

Upbit, one of South Korea's most trusted cryptocurrency exchanges, has announced that it will be listing Valve (VANA), a new altcoin that will be tradable across the KRW, BTC, and USDT markets. This listing is expected to bring increased exposure to the Valve network and its decentralized data solutions.

Upbit’s Support for Valve (VANA) Trading

Upbit will soon support trading for Valve (VANA) in three key markets: KRW (Korean Won), BTC (Bitcoin), and USDT (Tether). While Upbit has yet to confirm the exact start time for trading, it has assured users that the launch time will be announced at least one hour in advance to ensure sufficient liquidity for stable trading conditions.

Deposit and Withdrawal Details

Deposits and withdrawals for VANA will only be supported through the Valve Network (VANA-Vana). Upbit has cautioned users to verify the network details before initiating transactions, as deposits or withdrawals made via unsupported networks will not be processed.

Key Launch Restrictions and Guidelines

To facilitate a smooth launch and manage volatility, Upbit has outlined a few key restrictions:

• Buy Orders Restricted: Buy orders will be temporarily disabled for the first five minutes after trading begins to ensure market stability.

• Minimum Sale Price: Upbit will announce the minimum sale price for VANA one hour before trading begins to help manage price fluctuations at launch.

• Limited Order Types: Only limit orders will be accepted during the first hour of trading. All other order types will be temporarily disabled to maintain control over the launch process.

What is Valve (VANA)?

Valve is a decentralized network designed to empower users by allowing them to own and control their data. Through Valve, individuals can upload their data to Data DAOs (Decentralized Autonomous Organizations for Data), which are entities that manage datasets for use in artificial intelligence (AI) learning. These DAOs provide a platform where data contributors can monetize their data by selling it to AI developers and other organizations. This shared revenue model ensures that contributors are compensated for the use of their data.

The introduction of VANA on Upbit marks an important milestone for the project, as it seeks to expand its reach and integrate more users into its decentralized data-sharing ecosystem. By listing on Upbit, Valve aims to attract more traders and potential users, further enhancing the utility and value of the VANA token.

Conclusion

The listing of Valve (VANA) on Upbit is a significant development for both the exchange and the decentralized data space. By enabling users to trade VANA on the KRW, BTC, and USDT markets, Upbit is providing a new opportunity for investors to participate in the growth of Valve’s innovative network. With careful restrictions in place during the launch, Upbit aims to ensure a stable and secure trading experience for its users while Valve continues to push the boundaries of decentralized data ownership.