On January 21, 2025, global digital asset exchange Upbit announced the listing of VeThor Token (VTHO) on both the KRW and USDT markets. This marks a significant step for VTHO, which serves as the gas token for the VeChain network, facilitating transactions and node rewards.
According to Upbit, initial deposit capabilities for VTHO will become available within one hour of the announcement. Specifically, trading is set to commence at 8:00 PM for the KRW market and 9:00 PM for the USDT market. Users are advised to confirm the VTHO network during deposits, as transactions from other networks will not be supported, and any errors related to network mismatches could lead to prolonged refund procedures.
Upbit emphasizes its commitment to maintaining a secure trading environment, applying specific restrictions upon the start of trading. For the first five minutes post-listing, buy orders will be constrained, and sales at prices lower than the previous closing price by over 10% will not be permitted. During the first hour, any order type aside from limit orders will be restricted.
The previous day’s closing prices indicated VTHO valued at 3.1413 KRW and 0.0021 USDT, with subsequent prices reported at 3.23 KRW and 0.0022 USDT by 6:50 PM on January 21. The anticipation surrounding VTHO’s performance on Upbit reflects the broader interest and volatility inherent within the digital currencies market.
VTHO, as part of the VeChainThor blockchain ecosystem, utilizes its Proof of Authority consensus algorithm. Security and efficiency are key attributes of the VeChain network, and the dual-token system involves acquiring VTHO based on VET holdings. This setup not only supports transaction fees but also rewards node operators within the network framework.
Investors are cautioned about the high-risk nature of digital asset trading, with Upbit advising thorough research and careful consideration before engaging with VTHO or similar assets. Market fluctuations due to speculative trading and changes within the regulatory environment can result in significant price volatility. The exchange explicitly warns users to be aware of price discrepancies between domestic and international exchanges.
On January 21, shortly after its listing, VTHO experienced remarkable growth; reports indicated it had surged over 300%, reaching approximately 11.70 KRW shortly after trading began. Increased activity and investor interest suggest potential future developments for this crypto asset, as market observers remain vigilant.
While the excitement around VTHO builds, it is also necessary to approach this new investment opportunity with prudence, as the market remains unpredictable. Traders should keep themselves updated with the latest information from reliable sources, including Upbit’s official announcements and the VeChain website, to understand VTHO’s real-time performance.
For those interested, the official VeChain site offers extensive information on the network's architecture, and additional details can be accessed through their social media channels, including X (formerly Twitter). Investors are encouraged to navigate this venture cautiously, utilizing knowledgeable resources to inform their trading decisions.