Upbit introduced that it’s going to add the digital asset HumidiFi (WET) to its platform for buying and selling in KRW, BTC, and USDT foreign money pairs.
In line with the official announcement, deposit and withdrawal operations for WET will start roughly two hours after the announcement is printed.
WET transactions are scheduled to start on December fifteenth at 6:30 PM. Transactions can solely be carried out by way of the Solana community; transfers from different networks won’t be supported.
Upbit highlighted buying and selling restrictions as a part of its normal safety measures for brand spanking new listings. Accordingly, purchase orders can be restricted for the primary 5 minutes after buying and selling begins.
Throughout the identical interval, promote orders won’t be allowed at ranges decrease than 10% of the day before today’s closing value. Moreover, all non-limit order sorts, comparable to market orders, can be quickly disabled for the primary two hours.
In line with costs decided based mostly on CoinMarketCap information, WET’s earlier day closing value was recorded as 290.07 TL, whereas the present value earlier than the announcement was reported to be round 265.31 TL. An identical value decline was noticed in BTC and USDT pairs as nicely.
HumidiFi stands out as an progressive decentralized trade (DEX) undertaking developed on the Solana blockchain and aiming for high-performance transaction execution.
The undertaking goals to resolve issues comparable to excessive slippage, MEV threat, and data asymmetry attributable to conventional automated market maker (AMM) fashions. The WET token, then again, serves as a key utility asset inside the community, used for staking, reductions on transaction prices, and long-term participation incentives.
*This isn’t funding recommendation.
