TLDR
- Upbit adds io.net to its KRW market, with IO trading set for May 29 today.
- Deposits and withdrawals for IO will run only through the Solana network, according to Upbit.
- The listed contract address is BZLbGTNCSFfoth2GYDtwr7e4imWzpR5jqcUuGEwr646K, and users must check it before transfers on Solana.
- Buying will pause for five minutes after launch, while limit orders remain active only initially.
- IO supports payments, staking, and rewards inside io.net’s decentralized GPU network for machine learning applications.
Upbit has added io.net (IO) to its KRW market, giving South Korean traders direct access to the Solana-based token. The listing includes strict early trading limits, Solana-only deposits and withdrawals, and clear investor warnings. As IO supports payments, staking, and rewards in a decentralized GPU network, the launch adds a new AI-linked crypto asset to Upbit.
Upbit Adds IO to KRW Trading
Upbit announced the IO listing through its official notice on May 29. The notice said the new market will support IO against the Korean won. It also named Solana as the only supported network.
The exchange said, “IO will be added to the KRW market,” according to the notice. Trading support is planned after the platform secures basic market liquidity. Therefore, the start time may change if liquidity stays low.
Upbit already offered an IO price reference from its BTC market. It listed the previous closing price at 0.00000225 BTC, or 244 KRW. The exchange will use that price for early trading controls.
Solana Transfers and Launch Rules
Upbit warned users to check the network before sending IO. The exchange supports only IO transfers through Solana. Transfers through other networks will not be supported.
The notice listed the IO contract address as BZLbGTNCSFfoth2GYDtwr7e4imWzpR5jqcUuGEwr646K. Users must check this address before any deposit or withdrawal. Wrong transfers may require a long return process.
Upbit will apply several trading limits after the market opens. Buy orders will be blocked for about five minutes. Sell orders below ten percent of the previous close will also face limits.
For about two hours, Upbit will allow only limit orders. Other order types and order conditions will remain unavailable during that period. The exchange uses these rules to manage early trading activity.
io.net Project and Investor Notice
io.net is a decentralized GPU network for machine learning applications. The project aims to provide computing power from many sources. These sources include data centers, miners, and consumer hardware owners.
The IO token works inside the io.net platform. It can be used for payments, staking, and provider rewards. The token also supports activity linked to computing power on the network.
Upbit also reminded users about travel rule checks. Deposits from unsupported virtual asset service providers may not be reflected. Personal wallet transfers also require ownership checks.
The notice said, “Virtual assets are high-risk products.” It added that losses belong to the investor. Upbit urged users to check project documents before trading IO.
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