Upbit, one of South Korea’s leading cryptocurrency exchanges, announced that it will add trading support for Bittensor ($TAO). According to the announcement, $TAO will be listed on Upbit’s KRW, BTC and USDT markets. Commercial support is scheduled to begin on February 16 at 4:00 p.m.
Upbit stated that $TAO Deposit and withdrawal operations will be activated within 1 hour and 30 minutes after the announcement is published. The exchange also warned users that deposits/withdrawals can only be made through the Bittensor network. Transfers made through the EVM network will not be supported and the refund process for these transactions may take a long time.
Trading restrictions will also be applied during the listing process. Therefore, buy orders cannot be placed for approximately the first 5 minutes after the markets open. During the same period, sell orders lower than the previous day’s closing price by more than 10% will also be restricted.
Additionally, for approximately two hours after the start of trading support, only limit orders will be accepted; Market orders and other types of conditional orders will be temporarily disabled.
Bittensor is known as a P2P AI network that conducts the training, evaluation and rewarding processes of artificial intelligence models in a decentralized manner on the blockchain. THE $TAO the token is used in the network for payment, staking, governance and incentive mechanisms.
*This does not constitute investment advice.
