[Upbit] Magic Eden (ME) New Trading Support Announcement (KRW, BTC, USDT Market) (Notice of Extended Sell Waiting Period)

Update Date: 2024-12-11 10:37

Hello. This is Upbit, the most trusted global standard digital asset exchange.

Due to an issue requiring additional verification related to order settings, the buy restriction period has been extended by 5 minutes, and buy orders will open at 10:40.

We apologize for any inconvenience caused.

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Update Date: 2024-12-11 09:30

Hello. This is Upbit, the most trusted global standard digital asset exchange.

We would like to inform you of the start time for trading support and the minimum sell price standard for Magic Eden (ME).

[ME Trading Support Start Time]

• Target Market: KRW-ME, BTC-ME, USDT-ME

• Trading Support Start Time: Scheduled for 2024-12-11 10:30 KST

*If there is a change in the trading support time, we will provide additional guidance through this announcement.

*After the start of trading support, there may be price differences between other exchanges and Upbit depending on the deposit and withdrawal support between exchanges, so please be aware of this.

[ME Minimum Sell Price Standard]

• ME Minimum Sell Price Standard

• KRW Market: 8,109.86 KRW

• BTC Market: 0.00005891 BTC

• USDT Market: 5.69 USDT

• For about 5 minutes after trading support, sell orders below -10% of the above standard price will be restricted.

*For other trading restrictions, please refer to the main text of the announcement below.

Thank you.

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Hello. This is Upbit, the most trusted global standard digital asset exchange.

We would like to inform you about the new digital asset trading support as follows.

Magic Eden (ME) is the first global trading support, and it is expected that it will take some time to secure sufficient liquidity for stable trading. Therefore, Upbit will provide additional guidance on the trading support time through this announcement 1 hour before the trading support time once sufficient liquidity is secured within the exchange.

| Digital Asset | Market | Network | Deposit Start Time | Trading Support Start Time |

|----------|----------------|--------|----------------|------------|

| Magic Eden (ME) | KRW, BTC, USDT | Solana | Scheduled for December 10, 23:00 | To be announced later |

• Magic Eden (ME) supports deposits and withdrawals through the Solana network. * All ME deposits before the reference price is registered on CoinMarketCap or before the Upbit ME trading support time, regardless of whether the converted amount exceeds 1 million KRW, will be subject to Travel Rule verification, so please be aware of this. * Please be sure to check the network before depositing digital assets. Deposits and withdrawals through networks other than the announced network are not supported. ### ※ Trading Restriction Notice - Buy Restriction: Buy orders will be restricted for about 5 minutes after trading support. - Minimum Sell Restriction: The standard price for minimum sell restriction will be announced through an additional announcement 1 hour before trading support. - Order Type Restriction: All types of orders except limit orders will be restricted for about 1 hour after trading support. ### ※ Deposit Precautions Deposits that cannot reflect the precautions may take a long time for the return process, so please check the precautions carefully - Only deposits and withdrawals through the announced network (ME-Solana) are supported. Please check the network before depositing. - To comply with the Travel Rule, if assets are deposited to Upbit through an exchange not included in the List of Virtual Asset Business Operators Available for Deposit and Withdrawal, they cannot be reflected, and deposits that cannot be reflected may take a long time for the return process. - Deposits and withdrawals are only possible with a personal wallet address that has completed 'ownership verification', and even if it is a deposit through a linked personal wallet, it may need to be returned depending on the network of the asset. - If a large amount of digital assets with unclear sources is deposited, an explanation of the source of funds may be requested. (Terms of Use Article 17, Paragraph 8) ### ※ Additional Digital Asset ~~ME (Magic Eden)~~ > The virtual asset ME is a token launched to promote the growth of the Magic Eden platform and community, widely known as an NFT marketplace. Magic Eden, which started as an NFT marketplace in September 2021, currently supports NFT trading based on various blockchain networks such as Ethereum, Bitcoin, Solana, Polygon, and Base on its own platform. Magic Eden aims to become a consumer app that allows anyone to easily onboard into the crypto industry by enabling the trading of various types of assets on all chains on a single platform. The virtual asset ME is used within the Magic Eden platform for governance, staking, and user reward means. > Homepage: Magic Eden Official Homepage > X (formerly Twitter): Magic Eden Official X > Whitepaper: Magic Eden Official Whitepaper ✽ If the digital asset is not displayed on the PC, please refresh (F5) and check again. ✽ If the digital asset is not displayed on the Upbit App, please click More > Screen Settings > Retrieve Coin Information and check again.

Investment Risk Notice

• Digital asset investments are exposed to rapid price fluctuations due to speculative demand and changes in domestic and international regulatory environments. The responsibility for investment decisions in this digital asset lies with the individual, and any potential losses are also attributed to the investor. Please carefully refer to the project homepage and disclosure materials to fully understand the characteristics of digital assets and trade cautiously.

• Due to the nature of digital asset trading, price differences between domestic and international exchanges are continuously occurring. Please be sure to pay attention to the price differences with global exchanges before investing in digital assets.

• Upbit is taking various measures such as minimum order amount restrictions to create a stable trading environment, but due to the overheated investment environment, some members may be exposed to order stabilization messages. This is an unavoidable measure to process the orders of members who ordered first and to provide stable services, so please be aware of this.

※ Virtual assets are high-risk products that can result in the loss of all or part of the investment.

*This is information generated automatically.