Upbit to Launch ZeroG (0G) Trading in KRW, BTC, and USDT Markets

Upbit, a leading digital asset exchange in South Korea, has officially announced the simultaneous listing of ZeroG (0G) in its KRW, BTC, and USDT trading markets. This strategic move is set to enhance the visibility and accessibility of ZeroG (0G) for crypto investors globally. Deposits for the token will open at 5 p.m. on the day of the announcement, with trading slated to begin two hours later, at 7 p.m.

What Is ZeroG (0G)?

ZeroG (0G) is the native cryptocurrency of the innovative 0G Chain. This blockchain platform utilizes the 0G token as its core utility asset to power and secure its operations. Among its versatile functionalities, ZeroG (0G) can be staked to engage in the network's consensus mechanism, allowing participants to earn rewards for their contributions.

The token also facilitates several key use cases within the ecosystem, including:

• Transaction Fees: Payment for processing transactions on the 0G Chain.
• Ecosystem Incentives: Encouraging community engagement and network activity.
• Future Governance: Potential involvement in voting and decision-making processes as governance features are implemented.

ZeroG (0G) has an initial supply of 1 billion tokens. To address potential inflation, the blockchain incorporates a burn mechanism, ensuring a balanced token economy by periodically removing tokens from circulation. This nuanced approach reinforces economic sustainability while fostering growth within its ecosystem.

Trading Restrictions and Guidelines for Investors

To safeguard investors and minimize risks from market volatility at the onset of ZeroG (0G) trading, Upbit has outlined specific restrictions:

Initial Buy Restriction

For the first five minutes after trading begins, buy orders will be temporarily restricted. This measure is intended to prevent over-speculative activity and stabilize market conditions during the critical initial trading window.

Limit Orders Only

During the first two hours of trading, only limit orders will be supported. This restriction ensures that traders maintain greater control over their orders by specifying exact price points, ultimately promoting fair and transparent trading.

Sell Price Cap

Upbit will publish a reference price to establish a sell price cap before the commencement of trading. This guideline will help manage sell-side pressure and mitigate abrupt price fluctuations.

Deposit and Withdrawal Considerations

Upbit has emphasized strict adherence to travel rule protocols for ZeroG (0G) deposits submitted before trading officially begins. All deposits, irrespective of the amount, will undergo verification to comply with these regulations. Additionally, investors are urged to note that deposits and withdrawals of ZeroG (0G) will exclusively be supported via the 0G Chain network, underscoring the importance of network compatibility.

Final Thoughts

Upbit’s decision to list ZeroG (0G) across three major trading pairs—KRW, BTC, and USDT—is a significant milestone for the token and its underlying blockchain. With robust safeguards in place to ensure a smooth launch, ZeroG (0G) aims to establish itself as a promising player in the competitive world of utility tokens. Investors are advised to remain mindful of the unique deposit and trading guidelines to maximize their experience with this newly available asset.