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