Upbit, one of many largest cryptocurrency exchanges in South Korea, is including a brand new digital asset itemizing. The change introduced that it’s going to assist its Layer 1 blockchain venture MANTRA (OM) with KRW (Korean Received), BTC and USDT buying and selling pairs. Buying and selling assist will start on Might 21 at 15:00.
Upbit Proclaims New Buying and selling Pairs for MANTRA (OM): Help Begins in KRW, BTC, and USDT Markets
Based on the assertion made by Upbit, each deposits and withdrawals for MANTRA (OM) will probably be activated inside two hours after the official announcement.
Momentary Transaction Restrictions
As with new asset listings, some momentary buying and selling restrictions will apply to OM:
- Shopping for Restriction: Shopping for orders won’t be allowed through the first 5 minutes after the beginning of buying and selling assist.
- Minimal Sale Value Restrict: Throughout the identical interval, promote orders can’t be positioned at 10% under the earlier closing worth.
- Order Kind Limitation: Solely restrict orders will probably be accepted for two hours after buying and selling begins.
These measures intention to take care of market stability and stop sudden worth fluctuations.
What’s OM Token?
MANTRA (OM) is the native token of MANTRA Chain, a Layer 1 blockchain targeted on tokenization of bodily belongings, based mostly on Cosmos SDK and appropriate with the Ethereum digital machine. The community affords the next elements optimized for enterprise use:
- MANTRA DID: Authentication system
- MANTRA Guard: DeFi safety module that helps regulatory compliance
- MANTRA Token Service: Bodily asset tokenization infrastructure
The OM token is used for community charges, staking, governance, authentication ranges, liquidity incentives, and regulatory reporting.
The itemizing of MANTRA (OM) additional demonstrates Upbit’s emphasis on DeFi-focused initiatives in its increasing digital asset portfolio, and is predicted to draw growing curiosity from institutional and particular person buyers.
*This isn’t funding recommendation.
