Leading global digital asset exchange Upbit has announced the addition of VeThor Token (VTHO) to its trading platform.
Upbit Announces Market Support for VeThor Token (VTHO) on KRW and USDT Markets
Users will now be able to trade VTHO on both the KRW and USDT markets, with trading set to begin on January 21, 2025 at the following times.
- KRW Market: 23:00
- USDT Market: 00:00
Deposits for VTHO will be available within an hour of the announcement, with strict rules to ensure compatibility with the VeChain blockchain network.
To ensure a stable trading environment, Upbit will apply the following restrictions during the initial trading phase:
- Buy Limit: Buy orders will be restricted for the first 5 minutes after the trade is opened.
- Sell Limit: Sell orders priced 10% below the previous day’s closing price will be restricted for 5 minutes.
- Order Type Restriction: Only limit orders will be allowed during the first hour of trading.
Market Data for VTHO
- Previous Closing Price: 3.1413 KRW / 0.0021 USDT
- Last Price (as of 18:50 on January 21): 3.23 KRW / 0.0022 USDT
About VeThor Token (VTHO)
VTHO is the gas token of the VeChainThor blockchain, which uses a Proof of Authority (PoA) consensus algorithm called SURFACE. The blockchain uses 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.
*This is not investment advice.
