Upbit, a number one digital asset change primarily based in South Korea, has introduced the itemizing of a brand new cryptocurrency. Maple Finance’s native token, SYRUP, will likely be obtainable for buying and selling in KRW, BTC, and USDT pairs, the corporate introduced on July 25.
Upbit Launches Buying and selling Help for Maple Finance (SYRUP) in KRW, BTC, and USDT
Transaction and Switch Schedule
- Buying and selling Begin: July twenty fifth at 15:00
- Community Help: Ethereum (ERC-20)
- Entry/Exit Opening: Might be lively inside 3 hours after the announcement.
Officers emphasised that customers will solely be capable of deposit and withdraw SYRUP through the Ethereum community. Transactions made through different networks won’t be supported.
Commerce Restrictions
Upbit introduced that will probably be rolling out tiered transaction help for SYRUP transactions:
- Purchase orders can’t be positioned within the first 5 minutes.
- Within the first 5 minutes, no promote order will likely be positioned 10% beneath the day past’s closing worth.
- Throughout the first 2 hours, solely restrict orders will likely be processed.
As of 11:10 on July 25, SYRUP’s market costs had been reported as follows:
- KRW: 674.51
- BTC: 0.00000417 BTC
- USDT: 0.4864
What’s SYRUP Token?
Maple Finance is a decentralized finance (DeFi) lending protocol that leverages liquidity from particular person traders by lending to institutional traders who present collateral. The SYRUP token is used on this protocol for each governance participation and staking functions.
Safety and Authorized Notices
Upbit urged customers to assessment the undertaking’s detailed documentation and confirm community integrity earlier than investing. It additionally famous that refunds from investments made on the mistaken community might take a very long time. It additionally reminded customers that solely “verified possession” pockets addresses will likely be allowed to enter and exit.
Buyers have been warned that the digital asset market is liable to excessive volatility, regulatory uncertainty, and market fluctuations.
*This isn’t funding recommendation.
