Exchange Announcement

[Upbit] Announcement of New Trading Support for Hyperlane (HYPER) and RedStone (RED) (BTC, USDT Market)

Source
Exchange Announcement Bot

Summary

  • Upbit announced that it will start new trading support for Hyperlane (HYPER) and RedStone (RED) in the BTC and USDT markets from 19:00 on May 27.
  • Both assets can be deposited and withdrawn through the Ethereum network, and caution is required regarding network-related deposit and withdrawal restrictions.
  • It was reported that trading conditions such as buy restrictions and minimum sell restrictions will be applied for a certain period immediately after the start of trading.

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.

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

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

| HYPER | BTC, USDT | Ethereum | Within 2 hours from the announcement | Scheduled for May 27, 19:00 |

| RED | BTC, USDT | Ethereum | Within 2 hours from the announcement | Scheduled for May 27, 19:00 |

* 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 The trading restriction price is determined based on the price provided by CoinMarketCap. - Buy restriction: Buy orders are restricted for about 5 minutes after trading support begins. - Minimum sell restriction: Sell orders at prices 10% or lower than the previous day's closing price are restricted for about 5 minutes after trading support begins. - Order type restriction: All types of orders except limit orders are restricted for about 2 hours after trading support begins. - Please check the previous day's closing price and the latest price through the table below.

| Digital Asset | Previous Day's Closing Price | Latest Price (as of May 27, 16:30) |

| HYPER | 0.00000138 BTC | 0.00000148 BTC |

| HYPER |

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

| 0.1516 USDT | 0.163 USDT |

| 0.4119 USDT | 0.4189 USDT |

※ Deposit Precautions Deposits that cannot be reflected may take a long time to return, so please carefully check the precautions - Only deposits and withdrawals through the announced network are supported. Be sure to check the network before depositing. - The contract address for HYPER supported by Upbit is [0x93A2Db22B7c736B341C32Ff666307F4a9ED910F5](https://etherscan.io/token/0x93A2Db22B7c736B341C32Ff666307F4a9ED910F5). Please check the contract address when proceeding with HYPER deposits and withdrawals. - The contract address for RED supported by Upbit is [0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de](https://etherscan.io/token/0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de). Please check the contract address when proceeding with RED deposits and withdrawals. - For compliance with the Travel Rule, if assets are deposited to 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 to personal wallet addresses that have completed 'ownership verification', and even if deposits are made through linked personal wallets, deposit returns may need to be processed depending on the network of the asset. - In the case of large digital asset deposits with unclear sources, a source of funds explanation may be requested. (Terms of Use Article 17, Paragraph 8) ### ※ Additional Digital Assets \~\~1) HYPER (Hyperlane)\~\~ > Hyperlane is an open-source framework used to interconnect blockchains. Through permissionless interoperability, anyone can integrate Hyperlane to use interoperability and bridging for all blockchains connected to Hyperlane. It allows messaging to move tokens and call functions between blockchains connected to Hyperlane, making it easy to develop decentralized applications that span various chains. HYPER is used for governance participation, determining key parameters of the Hyperlane ecosystem, and staking for governance participation. > Homepage: [Hyperlane Official Homepage](https://hyperlane.xyz/) > X (formerly Twitter): [Hyperlane Official X](https://x.com/hyperlane) > Whitepaper: [Hyperlane Official Whitepaper](https://docs.hyperlane.xyz/) \~\~2) RED (RedStone)\~\~ > RedStone provides oracle services for decentralized finance. It supports both push model oracles and pull model oracles, allowing users to find the optimal balance between real-time performance and cost efficiency based on their usage patterns. RedStone uses Eigenlayer's shared security platform to deploy Active Verification Service (AVS), securing scalability with assets restaked on Eigenlayer, and is designed to reduce on-chain fee burdens by processing initial verification tasks at the AVS level. RED is used as a utility token for RedStone, for staking, enhancing network security, and participation by data providers and users. > Homepage: [RedStone Official Homepage](https://www.redstone.finance/) > X (formerly Twitter): [RedStone Official X](https://x.com/redstone_defi) > Whitepaper: [RedStone Official Whitepaper](https://docs.redstone.finance/) ✽ If the digital asset is not displayed on the 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 are 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 investor, and any potential losses are also borne by the investor. Please carefully review the project's 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 continuously occur. Please be aware of the price differences with global exchanges before investing in digital assets.

• Upbit takes various measures, such as minimum order amount restrictions, to create a stable trading environment. However, due to an overheated investment environment, some members may see 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.

*This information is automatically generated.

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