Upbit has announced the addition of another digital asset to its platform. The South Korea-based cryptocurrency exchange stated that the Sentient (SENT) token will begin trading against Korean Won (KRW), Bitcoin (BTC), and Tether (USDT).
According to official information, SENT will be supported on the Ethereum network, and deposit and withdrawal operations will be activated approximately 1 hour and 30 minutes after the announcement is published. SENT transactions are scheduled to begin on January 29th at 5:30 PM.
Upbit has warned users to carefully check network information before making deposits. It stated that only SENT transfers made via the Ethereum network will be supported, and transactions made via other networks will be considered invalid. Furthermore, it was reminded that the verified contract address for SENT traded on Upbit is 0x56a3ba04e95d34268a19b2a4474dc979babdaf76.
The new listing will also implement some temporary trading restrictions. Buy orders will not be accepted for the first approximately 5 minutes after trading support begins. During the same period, sell orders below 10% of the previous closing price will also be restricted. Additionally, only limit orders will be allowed for the first two hours; other order types will be temporarily disabled. It was stated that CoinMarketCap data will be used as the basis for these restrictions.
Sentient stands out as an open-source AI network project aiming to decentralize the AI ecosystem. The project seeks to solve the problems created by AI models and datasets being controlled by a narrow group. The SENT token is designed for use in transaction fees, staking, governance, and service fees.
*This is not investment advice.
