The Impact of Upbit Listing Success Rate and UDC Conference Overview

Friday, November 15, 2024 8:37 AM

8,861

The Impact of Upbit Listing Success Rate and UDC Conference Overview

Recently, with the market gaining strength, the wealth effect of new listings on Upbit has become more prominent. Tokens like AGLD saw a staggering 150% increase on the first day, while DRIFT surged by 190%. Tokens like SAFE, CARV, and PEPE also experienced a 100% increase. The Formula team made a fortune through news trading, showcasing the potential for wealth creation on Upbit. How can we seize the wealth wave of new listings on Upbit? The UDC conference serves as a barometer for Upbit listings. The listing success rate from 2018 to 2023 stands at 76%. On November 14th, the UDC conference was held as scheduled, offering a glimpse into the participating projects. UDC, organized by Dunamu since 2018, is a representative blockchain conference in South Korea aimed at promoting industry development, ecosystem growth, and adoption. This year’s theme, ‘Blockchain: Driving Real-World Change,’ delves into how blockchain is expanding into various industries and bringing about real-world transformations. According to Layerggofficial data, from 2018 to 2023, approximately 66 projects participated in UDC, with 37 projects already listed on KRW Fair before UDC. Among the remaining 29 projects, 13 were listed in KRW form after UDC (44.8%). The significance of the UDC conference and the wealth effect on Upbit stem from various factors.

UDC’s Importance and Upbit’s Wealth Effect

Upbit, as South Korea’s largest exchange, holds a leading position in the Korean market in terms of trading volume and user numbers, commanding around 73% of the market share. Korean investors can directly purchase cryptocurrencies using the Korean Won (KRW), leading to significant wealth effects. The convenience of deposits and substantial wealth effects have propelled cryptocurrency trading volume in Korea beyond the country’s stock market. This dynamic ensures strong buying interest for new tokens listed on Upbit. The UDC conference, organized by Dunamo, Upbit’s parent company, though slightly smaller in terms of timing and participation compared to events like KBW, holds undeniable importance. Projects like ZRO, MNT, and STG, which participated in last year’s conference, were listed on Upbit this year, indicating the enduring influence of the conference. Data source: Layerggofficial

UDC 2024 Conference Projects

The UDC conference for this year has already taken place, with projects like Axelar, Taiko, Zetachain, Mantle, and Cyber already listed on Upbit. As of the conference, there are still 11 projects yet to be listed on Upbit or to have KRW trading pairs. Projects awaiting listing include SLP, HNT, GALA, NFT, and ROSE. Projects already listed with BTC pairs but without KRW pairs include MKR, YGG, IOTX, and Cyber. Projects that have not launched tokens but participated in UDC include Linea and Magic Eden. Compliance and AI remain strong narratives in line with this year’s UDC theme. Despite Oasis Network not participating in this year’s UDC, leveraging AI narratives, ROSE saw a surge on November 5th. Additionally, South Korea’s high interest in NFTs and the gaming market suggests that Magic Eden’s token has a high probability of being listed on Upbit. Apart from the forward-looking impact of the UDC conference, another South Korean exchange, Bithumb, also has relevance to Upbit listings. Both exchanges tend to list coins in clusters based on narratives, such as introducing AI tokens simultaneously at the beginning of the year or focusing on Memecoins currently. To protect investors, Korean exchanges typically avoid small, new coins with short market history, opting for older coins with stable market capitalization and prices.

Source: foresightnews.pro

Buy Now at

Related News

4 days ago

Titan Network's June Breakthroughs: A Month of Milestones and Innovations

June was a monumental month for the Titan Network, showcasing significant advancements in decentralized infrastructure and community engagement. The release of Titan's official whitepaper 1.0 marked a pivotal moment, outlining the protocol's architecture, tokenomics, and global expansion strategy. This document serves as a foundational step towards the Token Generation Event (TGE) and the mainnet rollout, setting the stage for Titan's ambitious plans in decentralized computing. In addition to the whitepaper, Titan achieved remarkable milestones, including the integration with Swan Chain, which enhanced decentralized compute workflows by improving data access and task success rates. The third testnet surpassed 1 million node registrations, demonstrating the power of community-driven infrastructure. Furthermore, a case study with PNUTS.AI highlighted Titan's ability to reduce latency by 60% and storage costs by 80%, showcasing its potential for global scalability in real-time AI translation services. Titan's visibility was further amplified through features in prominent publications like The Defiant and the successful completion of the Titan Meme Campaign. The network also hosted its first DePIN Talks roundtable, bringing industry leaders together to discuss the future of decentralized infrastructure. As Titan continues to innovate and expand its ecosystem, it is poised to create a new economy of value, transforming idle resources into rewards for users and empowering sectors such as AI, e-commerce, and cybersecurity. With July on the horizon, Titan's momentum shows no signs of slowing down.

Product Launch Campaign

5 days ago

Xtella.AI dNFT Premint Now Live on IoTeX Chain! 🚀

Xtella.AI dNFT Premint Now Live on IoTeX Chain! 🚀 🎉Great news, Airdrop Hunters! The [Xtella.AI](https://xtella.ai/) dNFT Premint has officially launched on the IoTeX Chain! 🎉 This is your golden chance to join with zero cost, win big rewards, earn passive income, and power the AI+DePIN ecosystem! 💥Jump In Now: Zero-Cost Entry: Just a small Gas Fee gets you a Premint dNFT, ready to mine instantly! Lucrative Rewards: Boost Weight with tasks, stake for $XP, and score 100,000 $XP + 250 $IOTX when Grabbed. Passive Income: Auto-stake to stack yields and mine XPIN long-term. Community Boost: Invite 1 friend to Grab and earn 1250 $IOTX—rewards keep rolling in! 💡More details: [https://xpinnetwork.medium.com/331400b057f8](https://xpinnetwork.medium.com/331400b057f8) 💎Head to xtella.ai, connect your wallet, and Premint NOW! Slots are limited, and early birds snag the biggest gains! Act fast! 🚀

AI Campaign Mining

12 days ago

Nubila Launches Validation Layer to Expand Climate Data Participation

Nubila is launching a new Validation Layer aimed at expanding participation in its climate data ecosystem. This initiative allows anyone to contribute to the decentralized data consensus layer through on-chain verification without the need to own a Marco weather station or a Validator Node. The campaign, which lasts for 90 days and incurs no upfront costs, is designed to broaden participation and reward early contributors while maintaining the value of existing holders. By making the Nubila Network more accessible, the project aims to enhance awareness and understanding of decentralized climate infrastructure. The Validation Layer is a limited-time opportunity for users with a VeChain wallet to validate real weather data and earn token rewards. Participants can engage in manual validation, where they review data from Marco weather stations and earn rewards for accurate entries, or opt for auto-validation for passive participation. The campaign emphasizes transparency, with all validation data being auditable, including timestamps, weather station IDs, and sensor readings. This initiative complements the existing Marco and Node holders, who remain crucial to the infrastructure by generating the data that is verified. To incentivize participation, Nubila has introduced a new weekly allocation model for B3TR rewards, reserving 10% of the total mining pool for validators. This structure ensures that participants can earn rewards based on their validation efforts while maintaining a fixed supply of data entries. The campaign not only aims to improve data quality for various applications, including AI and climate modeling, but also seeks to engage a broader audience in contributing to climate insights. With this launch, Nubila is redefining participation in its network, making it easier for anyone to join and make an impact in the climate data space.

Campaign Product Launch

25 days ago

IoTeX to Host 'R3al World' Networking Session at Permissionless Conference

IoTeX is set to host an exciting event titled "R3al World" on June 24th, from 21:00 to 23:00 UTC, as part of the Permissionless conference in New York. This networking session will focus on Decentralized Physical Infrastructure Networks (DePIN) and Artificial Intelligence (AI), bringing together builders and innovators who are working on Physical AI, real-world assets, and decentralized infrastructure. Attendees can expect a vibrant atmosphere where they can engage with industry leaders and discuss the latest advancements in these fields while enjoying refreshments during the official DePIN x AI happy hour. The IoTeX platform, known for its open-source blockchain tailored for the Internet of Things (IoT), aims to tackle the prevalent challenges in existing IoT ecosystems, such as security vulnerabilities, high maintenance costs, and scalability issues. By developing a unique blockchain architecture that supports a multitude of IoT devices, IoTeX is paving the way for a more secure and efficient IoT landscape. The core concept revolves around a "blockchain within a blockchain" structure, where the main network manages security and operations, while sub-blockchains handle specific IoT devices and transactions. At the heart of the IoTeX ecosystem is its native token, IOTX, which facilitates various operations, including transaction fee payments and governance participation. This innovative approach not only enhances the scalability and privacy of IoT applications but also fosters the development of decentralized applications and ecosystems. As the event approaches, the excitement within the community is palpable, with many looking forward to the insights and collaborations that will emerge from the R3al World session at Permissionless.

Campaign Product Launch

a month ago

DIMO Partners with Grupo Kaufmann to Transform Connected Vehicle Experience in Latin America

DIMO, a prominent connected vehicle platform, has announced a groundbreaking strategic partnership with Grupo Kaufmann, one of Latin America's largest automotive dealership networks. This collaboration aims to revolutionize the connected car experience for dealerships across the region. With Grupo Kaufmann's extensive operations in six countries and a commitment to innovation, the partnership seeks to address the limited adoption of connected vehicles, which saw only 1.7 million projected sales in 2024. By leveraging DIMO's standardized connectivity infrastructure, Kaufmann plans to develop interoperable applications and services that will make innovative solutions more accessible and affordable for the Latin American market. The initial phase of this partnership will see Kaufmann deploying DIMO LTE devices for data collection and product development. This integration will enable the dealership to offer customers a suite of connected services, including real-time diagnostics, personalized maintenance alerts, and rewards-based loyalty programs. These enhancements are designed to elevate the standard of service and expertise provided to customers. Central to this initiative is DIMO's privacy-first data model, which allows for streamlined vehicle data connectivity with user consent, ensuring that drivers maintain control over their data while benefiting from data-driven services. As the automotive industry shifts towards connected, digital-first experiences, Grupo Kaufmann is positioning itself as a leader in Latin America. The partnership with DIMO is part of a broader strategy to innovate and promote sustainability within the automotive sector. Carlos De Martini, Corporate Digital Business Manager at Grupo Kaufmann, emphasized that transforming data into meaningful customer experiences is crucial for the future of the industry. This collaboration not only accelerates Kaufmann's digitalization strategy but also aims to establish the dealership as a hub for lifelong mobility services in the region.

Product Launch Campaign

2 months ago

Blockchain Fundraising Surges with $267M Raised in a Week

Last week, the blockchain fundraising landscape witnessed a significant surge, with 26 projects collectively raising a remarkable $267 million. The standout was World Foundation, which successfully completed a $135 million public token sale aimed at creating a proof-of-personhood protocol that facilitates universal digital identification and global financial access. Following closely was Catena Labs, which secured $18 million in seed funding to develop an AI-native financial institution. Other notable projects included Roxom, True Markets, and Hyperdrive, each attracting substantial investments to enhance their innovative offerings in the blockchain space. In addition to fundraising, the week also saw notable mergers and acquisitions (M&A) that are reshaping the blockchain ecosystem. DePIN Pulse made headlines by acquiring DePIN.Ninja and Who Loves Burrito, consolidating fragmented data within the DePIN ecosystem. This strategic move aims to streamline operations and enhance data analytics capabilities. Meanwhile, Alchemy expanded its portfolio by acquiring NFT launchpad HeyMint, which provides no-code tools for NFT creation, thereby bolstering its Smart Wallets initiative. Apex Group also announced plans to acquire Tokeny, further solidifying its commitment to digital asset infrastructure. On the venture capital front, Theta Capital Management launched Theta Blockchain Ventures IV, a $175 million fund-of-funds dedicated to supporting crypto-native VCs focused on early-stage blockchain startups. This fund aims to leverage the expertise of specialist managers to navigate the evolving landscape of digital assets. Insights from industry experts highlighted a shift in crypto VC dynamics, with a focus on long-term fundamentals rather than speculative investments. As the sector continues to mature, these developments signal a promising trajectory for blockchain innovation and investment.

Funding Campaign

Signup for latest DePIN news and updates