Upbit, one in every of South Korea's main cryptocurrency exchanges, has introduced it’ll listing Redstone's (Purple) Korean Gained (KRW) buying and selling pairs.
Upbit provides Redstone (Purple) to the KRW market
New transaction assist will start on September fifth, 2025 at 5pm. Purple solely gives deposits and withdrawals through the Ethereum Community. Transfers from different networks should not supported.
Upbit mentioned the beginning instances could possibly be delayed relying on liquidity circumstances on the opening of the transaction. There are additionally buying and selling restrictions that traders want to acknowledge. For the primary 5 minutes of buying and selling assist, buy orders shall be restricted, and gross sales orders won’t be positioned 10% under the day prior to this's closing worth throughout the identical interval. Nonetheless, solely restricted orders shall be accepted for the primary two hours after buying and selling assist begins.
The alternate warned the person to make use of the right contract tackle (0xC43C6BFE) for the deposit. We famous that transfers comprised of the flawed community or incompatible alternate may result in lengthy refund procedures. Moreover, deposits and withdrawals are permitted solely from the pockets of people who’ve undergone “possession verification.”
Redstone (Purple) is a undertaking that gives Oracle companies to the distributed finance (DEFI) ecosystem. It goals to steadiness real-time information entry and cost-effectiveness.
It additionally makes use of the Eigenlayer infrastructure to supply safety scalability and cut back transaction prices. Purple tokens are used for staking, community safety, and information supplier/person incentives.
Upbit warned traders that crypto belongings are extremely dangerous and emphasised that funding selections needs to be rigorously thought-about.
*This isn’t funding recommendation.
