Upbit Announces Listing of Zero-Knowledge Proof Token ZKC

ZKC Token to Expand Boundless Protocol’s Reach

Upbit, South Korea’s largest cryptocurrency exchange, has officially announced the listing of ZKC, the native token of the innovative Zero-Knowledge Proof computational protocol, Boundless. This strategic move aims to enhance accessibility for traders by offering trading pairs in Korean Won (KRW), Bitcoin (BTC), and Tether (USDT).

Starting at 10 p.m. on October 15th, users can deposit ZKC on the platform, with trading set to begin just one hour later at 11 p.m. Boundless operates within the Ethereum blockchain ecosystem, and all deposits and withdrawals for ZKC will be restricted to the Ethereum network. Upbit has emphasized that if initial market liquidity proves insufficient, the token’s trading debut may face delays to ensure stability and avoid market disruptions.

Upbit also issued a critical notice to users about adhering to deposit procedures. Specifically, users must verify that ZKC deposits are made exclusively via the Ethereum network and ensure the transaction aligns with the official contract address: (0x000006c2a22ff4a44ff1f5d0f2ed65f781f55555).

Travel Rule Compliance and User Precautions

In compliance with the Travel Rule—a global regulatory standard aimed at ensuring secure and transparent cryptocurrency transactions—Upbit has urged users to exercise caution when depositing ZKC from unauthorized exchanges or personal wallets lacking Ownership Verification. Such deposits could encounter delays or lead to complex refund processes.

By highlighting these measures, Upbit is underscoring its commitment to safeguarding user transactions and promoting regulatory adherence amid growing scrutiny in the cryptocurrency space.

Understanding the Boundless Protocol

Boundless is a groundbreaking decentralized blockchain protocol that extends the computational capabilities of zero-knowledge proofs (ZKPs)—a cryptographic method enabling transaction validation without exposing sensitive data. The protocol bridges the gap between proof requesters and provers, fostering an efficient marketplace where computational capacity can be shared and monetized.

The ZKC token is integral to the functionality and governance of the Boundless protocol ecosystem. It facilitates tasks such as governance voting, staking, and incentivizing provers who contribute computational resources. ZKC’s role underscores its importance in supporting the protocol’s mission to optimize ZKP technology within the broader blockchain environment.

By listing ZKC, Upbit is paving the way for a broader adoption of Boundless protocol’s advanced solutions, positioning itself as a catalyst for innovation in the crypto space.

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