[Upbit] Announcement on New Trading Support for KernelDAO (KERNEL) (BTC, USDT Market)

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

We are pleased to announce the support for trading of a new digital asset as below.

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

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

| KernelDAO (KERNEL) | BTC, USDT | Ethereum | Within 2 hours from the time of notice posting | Scheduled for May 23, 15:00 |

* Please make sure to check the network before depositing digital assets. Deposits and withdrawals via networks other than those announced are not supported.

※ Trading Restrictions Notice

Trading limit prices are determined based on prices provided by CoinMarketCap.

• Purchase restriction: Purchase orders will be restricted for about 5 minutes after trading support begins.

• Minimum selling price restriction: Selling orders at prices below -- 10% compared to the previous day's closing price will be restricted for about 5 minutes after trading support begins.

• Order type restriction: All order types except for limit orders will be restricted for about 2 hours after trading support begins.

• Please check the table below for the previous day's closing price and the latest price.

| Digital Asset | Previous Day's Closing Price | Latest Price (as of May 23, 11:30) |

| KERNEL | 0.00000152 BTC | 0.00000154 BTC |

| KERNEL |

| KERNEL |

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

| 0.1688 USDT | 0.1723 USDT |

※ Deposit Precautions

Deposits that cannot be reflected may take a long time to be returned, so please check the precautions thoroughly.

• Only deposits and withdrawals made via the announced network (KERNEL-Ethereum) are supported. Be sure to check the network before depositing.

• The contract address for KERNEL supported on Upbit is 0x3f80b1c54ae920be41a77f8b902259d48cf24ccf. Please confirm the contract address when depositing or withdrawing KERNEL.

• In order to comply with the travel rule, if assets are deposited to Upbit from exchanges that are not included in the list of virtual asset service providers supporting deposit/withdrawal, the deposit will not be reflected, and unrelectable deposits may take a long time to be returned.

• Deposits and withdrawals are only possible to and from personal wallet addresses for which 'ownership verification' has been completed. Even if deposited from a linked personal wallet, return processing may be required depending on the network of the asset.

• For deposits of large amounts of digital assets with unclear sources, proof may be requested regarding the source of funds. (Article 17, Clause 8 of the Terms of Use)

※ Additional Digital Asset

~~KERNEL (KernelDAO)~~

KernelDAO provides a restaking infrastructure and offers three services: Kernel, Kelp, and Gain. Kernel is a protocol providing restaking services on the BNB Chain, offering BNB LRT (Liquid Restaking Token) and BTC LRT restaking opportunities. Kelp is an Ethereum restaking protocol providing services on the Ethereum Chain. Gain is a vault-type smart contract managing deposited ETH, rsETH, and LST. KERNEL is used for governance, restaking, slashing insurance, and more.

Homepage: KernelDAO Official Homepage

X (formerly Twitter): KernelDAO Official X

Whitepaper: KernelDAO Official Whitepaper

✽ If the digital asset does not appear on PC, please refresh (F5) and check again.

✽ If the digital asset does not appear on the Upbit App, please click More > Display Settings > Refresh Coin Info and check.

Investment Risk Notice

• Investment in digital assets may be subject to sharp price volatility due to speculative demand and changes in domestic and international regulatory environments. The responsibility for investment decisions in this digital asset rests with the individual, and any potential losses are also borne by the investor. Please carefully review the project homepage and disclosure materials to fully understand the characteristics of the digital asset before making cautious trading decisions.

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

• Upbit implements various measures such as minimum order amount limits to maintain a stable trading environment; however, depending on an overheated investment environment, some members may see order stabilization messages. This is a necessary measure to process orders from members who placed orders first and to provide stable services. Please note this.

※ Virtual assets are high-risk products and all or part of your investment may result in loss.

*This information is automatically generated.