South Korea-based cryptocurrency exchange Upbit has announced it will list TRAC, the native token of the blockchain-based fact-checking project OriginTrail.
According to the exchange’s announcement, TRAC will be available to users on May 18th at 4 PM for KRW, BTC, and USDT trading pairs. Deposit and withdrawal operations will be activated on the Ethereum network within 1 hour and 30 minutes of the announcement’s publication.
Upbit emphasized that investors should only conduct transfers via the Ethereum network, warning that transfers from other networks would not be supported. The exchange also stated that various restrictions would be implemented at the start of trading to maintain market stability.
Accordingly, buy orders will be restricted during the first 5 minutes, and sell orders below 10% of the previous closing price will not be allowed for approximately 5 minutes after the opening. Additionally, only limit orders will be accepted for the first two hours.
OriginTrail stands out as a project aiming to create a “verifiable internet” infrastructure by bringing together artificial intelligence, the internet, and blockchain technologies. Through its decentralized knowledge graph infrastructure, it aims to make the data used by AI systems verifiable, traceable, and reliable.
The TRAC token plays a critical role in the creation of information assets, node operation, data validation processes, and reward mechanisms on the network. It is believed that the Upbit listing could increase the visibility and liquidity of the OriginTrail ecosystem in the Asian market.
*This is not investment advice.
