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Upbit Lists Avantis (AVNT) on KRW, BTC, and USDT Markets
South Korea's largest cryptocurrency exchange, Upbit, has officially announced the listing of Avantis (AVNT) as a tradable digital asset. Starting at 2:00 PM KST on October 15, AVNT trading will be available across KRW, Bitcoin (BTC), and Tether (USDT) markets.
This highly anticipated debut is set to capture traders' attention with its focus on expanding real-world asset trading through blockchain technology.
Understanding Avantis (AVNT): A Game-Changer in Perpetual Futures Trading
Avantis is a decentralized perpetual futures exchange operating on the innovative Base network. The platform aims to revolutionize the trading of real-world assets (RWAs), a market traditionally dominated by U.S. Treasury assets. Avantis expands the scope of RWA trading by enabling direct on-chain transactions of diverse physical assets.
The protocol supports a wide range of asset classes, ensuring traders access unique opportunities:
- Commodity Markets: Trade physical assets like gold, silver, and crude oil.
- Foreign Exchange Currencies: Leverage the Base network to trade major currencies, including the U.S. Dollar (USD) and Japanese Yen (JPY).
- Volatility Exposure: Engage with high-volatility, physical asset-linked markets for dynamic trading strategies.
The AVNT token serves as the protocol’s cornerstone, empowering users through utility and governance. Token holders can stake AVNT for ecosystem rewards and eventually participate in platform decision-making processes.
Trading and Deposit Details for Avantis (AVNT)
Trading of AVNT will commence on October 15 at 2:00 PM KST, offering users ample time to engage with the market through competitive limit orders. Key details regarding deposits and withdrawals were also outlined to ensure streamlined access:
- Timeframe: Deposits and withdrawals became available as of 1:30 PM KST, following the listing announcement at 11:30 AM KST.
- Network Support: All deposits and withdrawals are exclusively processed through the Base blockchain network.
- Contract Address: Upbit has provided the official contract address for AVNT transactions:
0x696F9436B67233384889472Cd7cD58A6fB5DF4f1.
Initial Trading Restrictions: Promoting Market Stability
To safeguard against market disruptions during the launch phase, Upbit has implemented several temporary measures designed to smoothen the transition into active trading:
- Buy Order Delay: For the first five minutes post-listing, buy orders will be disabled.
- Sell Order Restrictions: Sell orders below 90% of the prior day’s closing price will not be accepted, limiting drastic downturns.
- Limit Order Exclusivity: Only limit orders will be allowed for the first two hours to ensure orderly price discovery.
These preemptive controls reflect Upbit's commitment to fostering a fair and stable environment for AVNT’s initial steps in the market.
Why This Matters
Avantis' launch aligns with growing demand for blockchain-driven innovation in trading real-world assets. By integrating physical commodities, forex, and more into decentralized marketplaces, Avantis is poised to tap into a multi-trillion-dollar market, enhancing accessibility for both institutional and retail investors.
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- The Three Growth Strategies of Avantis Targeting a $1 Quadrillion Trading Volume Market – Populous.
