Exchange Announcement

[Upbit] Solayer (LAYER) New Trading Support Announcement (KRW, BTC, USDT Market)

Source
Exchange Announcement Bot

Summary

  • Upbit announced that it will inform the trading start time for Solayer (LAYER) after securing liquidity.
  • LAYER is supported through the Solana network, and deposits under certain conditions are subject to Travel Rule verification.
  • They advised that investment always carries risks and emphasized understanding the characteristics of digital assets and being cautious of price differences.

Hello. This is Upbit, the most trusted global standard digital asset exchange.

We are pleased to announce the support for new digital asset trading as follows.

It is expected that securing sufficient liquidity for stable trading support of Solayer (LAYER) will take some time. Therefore, Upbit will provide additional guidance on the trading support start time through this announcement once sufficient liquidity is secured within the exchange.

| Digital Asset | Market | Network | Deposit/Withdrawal Start Time | Trading Support Start Time |

|-------------|----------------|--------|---------------|------------|

| Solayer (LAYER) | KRW, BTC, USDT | Solana | Scheduled for February 11th, 21:00 | To be announced later |

* Solayer (LAYER) supports deposits and withdrawals through the Solana network. * Please note that all LAYER deposits before the reference price is registered on CoinMarketCap or before Upbit's LAYER trading support time are subject to Travel Rule verification, regardless of whether the converted amount exceeds 1 million KRW. * Please make sure to check the network before depositing digital assets. Deposits and withdrawals through networks other than the announced network are not supported. ### ※ Trading Restrictions Notice - Buy Restriction: Buy orders will be restricted for about 5 minutes after trading support begins. - Minimum Sell Restriction: The reference price for minimum sell restriction will be announced through this notice before the trading support start time. - Order Type Restriction: All types of orders except limit orders will be restricted for about 1 hour after trading support begins. ### ※ Deposit Precautions Deposits that cannot reflect the precautions may take a long time to return, so please check the precautions carefully. - Only deposits and withdrawals through the announced network (LAYER-Solana) are supported. Please check the network before depositing. - To comply with the Travel Rule, if assets are deposited into Upbit through exchanges not included in the [List of Virtual Asset Service Providers](https://upbitcs.zendesk.com/hc/ko/articles/5048002559897), they cannot be reflected, and deposits that cannot be reflected may take a long time to return. - Deposits and withdrawals are only possible with a personal wallet address that has completed 'Ownership Verification', and even if it is a deposit through a linked personal wallet, it may need to be returned depending on the network of the asset. - In the case of large deposits of digital assets with unclear sources, an explanation of the source of funds may be requested. (Terms of Use Article 17, Paragraph 8) ### ※ Additional Digital Asset \~\~LAYER (Solayer)\~\~ > Solayer is a restaking network existing on Solana that improves network bandwidth for on-chain decentralized applications (dApps) by staking SOL. This is done by restaking LSTs like sSOL received by staking SOL, and delegating them to decentralized applications called endoAVS (Endogenous AVS) to prioritize transactions occurring in specific dApps. > Homepage: [Solayer Official Homepage](https://solayer.org/) > X (formerly Twitter): [Solayer Official X](https://x.com/solayer_labs) > Whitepaper: [Solayer Official Whitepaper](https://docs.solayer.org/getting-started/introduction) ✽ If the digital asset is not displayed on PC, please refresh (F5) and check again. ✽ If the digital asset is not displayed on the Upbit App, please click More > Screen Settings > Retrieve Coin Information and check again.

Investment Risk Notice

• Digital asset investments can be exposed to rapid price fluctuations due to speculative demand and changes in domestic and international regulatory environments. The responsibility for investment decisions in this digital asset lies with the individual, and any potential losses are also attributed to the investor. Please carefully refer to the project homepage and disclosure materials to fully understand the characteristics of digital assets and trade cautiously.

• Due to the nature of digital asset trading, price differences between domestic and international exchanges are continuously occurring. Please be aware of the price differences with global exchanges before investing in digital assets.

• Upbit is taking various measures such as minimum order amount restrictions to create a stable trading environment, but due to an overheated investment environment, some members may be exposed to order stabilization messages. This is an unavoidable measure to process orders from members who ordered first and to provide stable services, so please be aware of this.

※ Virtual assets are high-risk products that can result in the loss of all or part of the investment.



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