Global digital asset exchange Upbit has announced the addition of VeThor Token (VTHO) to its trading platform. Trading of VTHO will commence on January 21, 2025, in both KRW and USDT markets.
Market Support Details
Users will be able to trade VTHO in KRW and USDT markets starting January 21, 2025. Trading in the KRW market will begin at 23:00, and in the USDT market at 00:00. Deposits for VTHO will be available within an hour of the announcement, with strict adherence to compatibility rules with the VeChain blockchain network.
Initial Limitations
To ensure a stable trading environment, Upbit will apply the following restrictions during the initial trading phase: buy orders will be restricted for the first 5 minutes after the trade opens, and sell orders priced 10% below the previous day's closing price will be restricted for 5 minutes. Only limit orders will be allowed during the first hour of trading.
About VeThor Token
VeThor Token (VTHO) is the gas token of the VeChainThor blockchain, which utilizes a Proof of Authority (PoA) consensus algorithm called SURFACE. The blockchain employs a dual token system with VET as the main token and VTHO for transaction fees and node rewards. VET holders, including node operators, can cover transaction fees and participate in the VeChainThor ecosystem by earning VTHO in proportion to their VET holdings.
The addition of VeThor Token to Upbit's trading platform reflects the growing interest in tokens and blockchain technologies, providing users with new opportunities to engage in the VeChainThor ecosystem.
