Upbit "Community, Important on the Market... But Not Guaranteed"

Source
Son Min

Summary

  • An Upbit official stated that while community feedback is important when deciding on a virtual asset, it is not guaranteed.
  • Recently, due to the increase in virtual asset trading, there is a strong emphasis on verifying projects and protecting users.
  • Particularly, there is a negative perception of Bitcoin, but it is emphasized that a promising Bitcoin with utility is necessary.

When deciding on a virtual asset (cryptocurrency) to list, community feedback is important, but it is not a definite consideration, according to a statement from an Upbit official.

On the 29th (local time), in an interview with Cointelegraph, Upbit's chief marketing officer stated, "Community feedback and opinions are important when deciding on a virtual asset to list," but also clarified, "There is no guarantee."

He explained, "Recently, as the popularity of Bitcoin increases, the virtual asset trading market is introducing more cautious projects to protect users," adding, "Upbit is conducting a lot of verification on what is temporarily on the roadmap, including project founders, participants, and what is on the roadmap."

Furthermore, he emphasized, "There is a lot of negative perception that Bitcoin is ineffective," while asserting, "We know that there is a promising Bitcoin with utility in the market, and this is necessary for everyone."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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