Upbit, one of the global digital asset exchanges, has announced that it supports Solary (LAYER) trading on the KRW, BTC, and USDT markets.
Upbit Lists Solarier (LAYER) for Trading on KRW, BTC and USDT Markets
Deposit support for LAYER via the Solana network will begin on February 11 at 21:00, with the exact transaction start date to be announced later.
Upbit has set basic trading restrictions for Solarier:
- Buy Order Restriction: Buy orders will be restricted for the first five minutes after trading begins.
- Minimum Sell Price Restriction: The reference price for minimum sell orders will be provided before trading begins.
- Order Type Restriction: Only limit orders will be allowed for one hour after trading starts, all other order types will be restricted.
Users are advised to carefully check the Solana network before depositing LAYER tokens to avoid any transaction issues.
Upbit has strict compliance measures in place regarding LAYER deposits:
- Deposits from non-compliant exchanges (those not listed on Upbit’s list of recognized virtual asset service providers) will not be processed.
- Only user-verified wallets will be allowed for LAYER deposits and withdrawals.
- Large or uncertain deposits may require users to verify the source of funds in accordance with Upbit’s Terms of Service (Article 17, Clause 8).
Users should carefully review the deposit instructions, as unsuccessful transactions may require lengthy refund processes.
About Solar (LAYER)
Solarey (LAYER) is a re-staking network built on Solana designed to improve on-chain decentralized application (dApp) network bandwidth through SOL staking.
Solayer allows users to stake SOL and receive sSOL that can be further restaked and delegated to Endogenous AVS (endoAVS) applications. This mechanism increases network efficiency by prioritizing transactions for specific dApps.
*This is not investment advice.
Read the full article here
