South Korea-based cryptocurrency Exchange Upbit has announced that it will add support for two new digital assets, Hyperlane (Hyper) and Redstone (Red) to its BTC and USDT trading pair. The new list of assets allows investors to buy and sell these tokens through the Upbit platform.
upbit announces a new list of hyper and red: trade begins with BTC and USDT pairs
Starting and Limiting Processes
The exchange warned users about some restrictions before support began.
- Purchase orders will be restricted for the first 5 minutes.
- In the first 5 minutes, sales orders cannot be 10% below the previous day’s closing price.
- Only restricted orders will be available for the first 2 hours.
The user was asked to verify the correct network and contract address before the transaction. It was stated that reimbursements can take time for transfers made from failed networks or incompatible wallets.
Important contract addresses
- Hypercontract address: 0x93A2DB22B7C736B341C32FF6666307F4A9ED910F5
- Red contract address: 0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de
Additionally, Upbit emphasized that as part of its travel rules compliance, assets can only be transferred through approved wallets and platforms.
What is a Hyper Lane?
HyperLane is an open source interoperability protocol that connects different blockchains, allowing you to send messages between different chains, move tokens, and develop cross-chain applications.
What is red stone?
Redstone is a flexible Oracle (data provider) solution optimized for Defi. Supporting both push and pull models, Redstone offers a lower cost, scalable verification service thanks to its tier-specific infrastructure.
*This is not investment advice.
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