[Upbit] Vana (VANA) New Trading Support Announcement (KRW, BTC, USDT Markets) (Trading Support Start Time and Minimum Selling Price Guide)

Update Date: 2024-12-17 09:01

Hello. This is Upbit, the most trusted global standard digital asset exchange.

We are pleased to announce the start time for trading support and the minimum selling price for Vana (VANA).

[VANA Trading Support Start Time]

• Target Markets: KRW-VANA, BTC-VANA, USDT-VANA

• Trading Support Start Time: Scheduled for 2024-12-17 10:00 KST

• If there is any change in the trading support time, we will provide additional guidance through this announcement.

• Please note that there may be price differences between other exchanges and Upbit depending on the support for deposits and withdrawals between exchanges after the start of trading support.

[VANA Minimum Selling Price Guide]

• VANA Minimum Selling Price Guide

• KRW Market: 49,061 KRW

• BTC Market: 0.0003229 BTC

• USDT Market: 34.22 USDT

• For about 5 minutes after the start of trading support, sell orders below -10% of the above reference price will be restricted.

• For other trading restrictions, please refer to the main text of the announcement below.

Thank you.

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Hello. This is Upbit, the most trusted global standard digital asset exchange.

We are pleased to announce the new digital asset trading support as follows.

Vana (VANA) is the first global trading support, and it is expected to take some time to secure sufficient liquidity for stable trading. Therefore, Upbit will provide additional guidance on the trading support time through this announcement 1 hour before the trading support time once sufficient liquidity is secured within the exchange.

| Digital Asset | Market | Network | Deposit Start Time | Trading Support Start Time |

|----------|----------------|------|----------------|------------|

| Vana (VANA) | KRW, BTC, USDT | Vana | Scheduled for December 16, 19:00 | To be announced later |

• Vana (VANA) supports deposits and withdrawals through the Vana network. * Please note that all VANA deposits before the reference price is registered on CoinMarketCap or before the Upbit VANA trading support time are subject to Travel Rule verification, regardless of whether the converted amount exceeds 1 million KRW. * Please be sure to check the network before depositing digital assets. Deposits and withdrawals through networks other than the announced network are not supported. ### ※ Trading Restrictions - Buy Restriction: Buy orders will be restricted for about 5 minutes after the start of trading support. - Minimum Selling Restriction: The reference price for the minimum selling restriction will be announced through an additional announcement 1 hour before the trading support. - Order Type Restriction: All types of orders except limit orders will be restricted for about 1 hour after the start of trading support. ### ※ Deposit Precautions Deposits that cannot reflect the precautions may take a long time for the return process, so please check the precautions carefully - Deposits and withdrawals are only supported through the announced network (VANA-Vana). Please check the network before depositing. - To comply with the Travel Rule, if assets are deposited to Upbit through exchanges not included in the List of Virtual Asset Service Providers, they cannot be reflected, and deposits that cannot be reflected may take a long time for the return process. - Deposits and withdrawals are only possible with a personal wallet address that has completed 'Ownership Verification', and even if it is a deposit through a linked personal wallet, it may be necessary to process the deposit return depending on the network of the asset. - If a large amount of digital assets with unclear sources is deposited, an explanation of the source of funds may be requested. (Article 17, Paragraph 8 of the Terms of Use) ### ※ Additional Digital Asset ~~VANA (Vana Vana)~~ > Vana (Vana) is a decentralized network for user-owned data, where users can upload data that can be used for AI learning to a Data DAO and receive rewards. Data DAOs holding various data can generate profits by selling data after consensus from data providers when data usage requests are received from AI developers, etc. The virtual asset VANA is used for gas fees, data purchases, staking, governance, and delegation. > Homepage: Vana Official Homepage > X (formerly Twitter): Vana Official X > Whitepaper: Vana Official Whitepaper ✽ If the digital asset is not displayed on the PC, please refresh (F5) and check again. ✽ If the digital asset is not displayed on the Upbit App, please click More > Screen Settings > Retrieve Coin Information and check again.

Investment Risk Warning

• Digital asset investments can be exposed to rapid price fluctuations due to speculative demand and changes in domestic and international regulatory environments. The responsibility for investment decisions in this digital asset lies with you, and any potential losses are also borne by the investor. Please carefully refer to the project homepage and disclosure materials to fully understand the characteristics of digital assets and trade cautiously.

• Due to the nature of digital asset trading, price differences between domestic and international exchanges continue to occur. Please be sure to pay attention to the price differences with global exchanges before investing in digital assets.

• Upbit is taking various measures, such as minimum order amount restrictions, to create a stable trading environment, but due to the overheated investment environment, some members may be exposed to order stabilization messages. This is an inevitable measure to process orders from members who ordered first and to provide stable services, so please be aware of this.

※ Virtual assets are high-risk products and may result in the loss of all or part of the investment.

*This information is automatically generated.