Bitcoin Exchange Upbit Announces Listing of This Altcoin on Its Spot Trading Platform! Here Are the Details
South Korea-based cryptocurrency exchange Upbit has announced the listing of a new digital asset.
Upbit Announces DoubleZero (2Z) Listing
According to the exchange’s official announcement, the token, named DoubleZero (2Z), will be available for deposits and withdrawals on the Solana network starting at 9:00 PM on October 2. An hour later, at 10:00 PM, it will begin trading with KRW, BTC, and USDT pairs.
Upbit emphasized that users can only deposit and withdraw 2Z using the Solana network. It noted that transactions made on the wrong network will not be valid and the refund process may take longer. The contract address designated for 2Z was also shared with investors.
The exchange announced that certain restrictions will be implemented at the opening of trading. Accordingly, buy orders will be limited for approximately five minutes from the moment trading begins. Furthermore, only limit orders will be accepted for the first two hours.
DoubleZero stands out as a project aiming to provide high-performance communication infrastructure for blockchains. Leveraging unused fiber optic networks, the project aims to reduce network bottlenecks for validators, RPC nodes, MEV systems, and L2 solutions by providing low latency and high bandwidth.
DoubleZero, which participated in the testnet phase with over 140 validators, has managed approximately 16% of the total stake on Solana through its network. The project’s native token, 2Z, will be used for transaction fees, rewards for network participants, and staking.
*This is not investment advice.
