The Impact of Upbit Listing Success Rate and UDC Conference Overview

Friday, November 15, 2024 8:37 AM

8,825

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

a day ago

Roam to Sponsor 2025 Hong Kong Web3 Carnival with Free eSIM Data and WiFi Support

Roam, a leader in the DePIN track, has announced its participation as a primary sponsor at the 2025 Hong Kong Web3 Carnival, scheduled for April 6-9. In collaboration with the event organizers, Roam will provide attendees with complimentary eSIM data and WiFi network support, ensuring seamless connectivity throughout the venue. This initiative aims to enhance the overall experience for participants, allowing them to stay connected without interruptions during the event. As part of its sponsorship, Roam will offer successful ticket purchasers 1GB of free eSIM data, which can be activated through the Roam App after following the instructions in their confirmation email. First-time users will also receive an additional 50MB of data. The Roam eSIM, which operates in over 180 countries, allows users to switch to local data automatically, thus avoiding high roaming fees. Roam's competitive pricing promises to reduce communication costs by 30% to 80%, making it an attractive option for travelers and business professionals alike. Users can also connect to over 4.5 million OpenRoaming WiFi hotspots globally, ensuring stable network access. In addition to the eSIM offerings, Roam is engaging users through various activities, including the "Daily 2000 Steps Challenge" and exchange top-up promotions. Participants can earn rewards such as Roam eSIM data, USDT, and NFTs. Furthermore, Roam is conducting a limited-time reverse burn activity for ROAM token holders, enhancing profit potential for users. With over 3 million WiFi nodes and a growing user base, Roam is positioning itself as a significant player in the decentralized wireless network space, showcasing its commitment to user engagement and innovative solutions in the Web3 landscape.

Product Launch Campaign

2 days ago

Exploring the Best Crypto Airdrops of 2024

Airdrops have emerged as a prominent marketing strategy within the blockchain space, enabling projects to reward early adopters and attract new users by distributing free tokens. Participants can earn these tokens by completing simple tasks, such as following projects on social media or joining their community groups. In 2024, several notable airdrops are available, including Grass, a DePIN network that leverages idle internet bandwidth, and RetroBridge, a multi-chain token bridging platform. Other projects like WalletConnect and Rainbow Wallet are also offering airdrops, enhancing user engagement through point rewards and utility tokens. Grass, for instance, allows users to earn Grass Points by running a node on their computer, with the potential for these points to convert into tokens in the future. The project has already distributed 100 million tokens to over 2 million users in its first airdrop phase and is currently in the second phase, distributing 17% of the total supply. Similarly, RetroBridge incentivizes users through various tasks, including token bridging and social media engagement, with plans to launch a marketplace for users to exchange their earned points for tokens in 2025. As the landscape of crypto airdrops continues to evolve, platforms like Summer.fi and Zeek are also gaining traction by offering unique rewards systems. Summer.fi rewards users for engaging with DeFi protocols, while Zeek allows users to monetize their knowledge through a social network. However, participants should exercise caution, as not all airdrops are legitimate. Conducting thorough research and ensuring the authenticity of projects is crucial to mitigate risks associated with potential scams. Overall, airdrops remain a compelling way for users to engage with the blockchain ecosystem and potentially earn free cryptocurrency.

Campaign Token Launch

9 days ago

Beamable Shines at GDC 2025: A New Era for Decentralized Gaming

Beamable made a significant impact at GDC 2025, showcasing its commitment to decentralized gaming and innovative infrastructure. The event kicked off with an exclusive brunch that gathered industry leaders from major firms like A16z, Binance, and Meta. This gathering was not just a social event; it served as a platform for discussing the future of decentralized gaming and how Beamable's infrastructure can empower developers to create scalable and successful games. The atmosphere was charged with excitement as insights were exchanged, setting the stage for fruitful collaborations. Throughout the conference, Beamable's leadership took center stage at various summits, including the Beamable x Solana Developer Summit. CEO Jon Radoff and CTO Ali El Rhermoul presented on the advantages of decentralized infrastructure for live game operations, emphasizing how it can mitigate backend risks and enhance cost efficiency. Additionally, COO Trapper Markelz engaged developers with real-time demos at the Sui Gaming Summit, focusing on Web3 monetization strategies. These sessions highlighted the importance of adopting Web3-native solutions in today's gaming landscape. The networking opportunities at GDC 2025 were unparalleled, with Beamable hosting a lively happy hour that attracted a diverse crowd of developers and founders. The event fostered discussions about game development and backend tools, solidifying Beamable's role as a key player in the industry. With numerous meetings held throughout the week, Beamable connected with various studios and publishers, addressing their technical challenges and exploring partnership opportunities. As GDC 2025 concluded, Beamable remains committed to driving innovation in decentralized gaming and looks forward to continuing these conversations beyond the event.

Campaign Product Launch

13 days ago

Nubila Launches Dual Mining Campaign for $IOTX with Marco Weather Stations

Nubila is at the forefront of a decentralized initiative aimed at collecting and rewarding real-time environmental data through its innovative Marco Weather Station, aligning with the broader DePIN movement. Participants in Nubila's Get Goated Season 2 campaign who own a Marco device can now engage in a Dual Mining Campaign. This program enables users to mine $IOTX, the native token of the IoTeX ecosystem, while also accumulating Nubila Mining Points, thereby incentivizing the collection of valuable environmental data. To participate in the Dual Mining Campaign, users must meet specific eligibility requirements. Firstly, they need to own a Marco Weather Station and have it linked to the Nubila app, as the data collected from this device is essential for the mining process. Additionally, claiming the Nubila Get Goated Season 2 NFT, distributed via Galxe, is mandatory as it serves as an access pass for the dual mining activities. Once these prerequisites are fulfilled, participants can proceed to connect their wallets and verify their email addresses to confirm their ownership of the Marco device. After verification, users can stake their Marco NFT in the IoTeX reward pool to activate dual mining. The process is designed to be user-friendly, with no gas fees required for transactions on the IoTeX interface. Nubila aims to create a decentralized environmental data network, utilizing AI to deliver accurate insights for industries sensitive to weather changes. This initiative not only promotes climate change awareness but also encourages sustainability through incentivized IoT devices, paving the way for a more informed and responsive approach to environmental challenges.

Token Launch Campaign

15 days ago

New Jersey Devils Launch AI Chatbot 'Bott Stevens' for Enhanced Fan Engagement

The New Jersey Devils have introduced a groundbreaking AI chatbot named "Bott Stevens," aimed at enhancing digital fan engagement. This innovative chatbot is named after the legendary Devils player Scott Stevens and is powered by Theta EdgeCloud's decentralized AI infrastructure. Scheduled to launch during the 2024-25 NHL season, Bott Stevens will be accessible on the team's official website, providing fans with real-time information on game schedules, ticket sales, statistics, and merchandise. Utilizing Theta's Retrieval Augmented Generation technology, the chatbot will ensure data accuracy by sourcing information from official NHL channels, thereby minimizing the risk of misinformation from unverified sources. Bott Stevens boasts impressive computational capabilities, leveraging Theta EdgeCloud's network of over 30,000 edge nodes and distributed GPUs, which collectively offer more than 80 PetaFLOPS of processing power. This robust infrastructure is designed to handle peak demand, particularly during high-stakes events like playoffs or significant team announcements. In addition to answering fan inquiries, the chatbot will provide historical highlights, game recaps, venue information, and updates on team events. Future enhancements may include predictive analytics for fantasy sports and interactive tools to further engage fans. To promote Bott Stevens, the Devils plan to integrate its capabilities across multiple platforms, encouraging fan interaction and awareness. The chatbot will not only deliver statistics and schedules but also curated content that enriches the fan experience, such as historical highlights and information about upcoming events. Success metrics will include user engagement rates, accuracy of information, and feedback from fans, ensuring that Bott Stevens remains a valuable resource for the Devils' community. By focusing on continuous learning and personalized interactions, the team aims to differentiate Bott Stevens from other AI agents, creating a unique and engaging experience for fans.

AI Campaign

20 days ago

Gemini Sets Guinness World Record with Massive Bitcoin Drone Show

Cryptocurrency exchange Gemini recently made headlines by organizing a record-breaking drone show that featured a massive Bitcoin logo, celebrating the US Strategic Bitcoin Reserve initiative. The event took place on March 13 in Austin, Texas, where 1,000 drones were deployed to create the largest aerial display of a currency symbol, officially recognized by Guinness World Records. The show not only showcased the iconic Bitcoin logo but also included depictions of significant milestones in space exploration, such as a rocket launch and moon landing, emphasizing the theme of innovation in the financial landscape. Gemini's drone display was designed to provoke thought about the future of money, with the Bitcoin logo accompanied by the phrase, "Go where dollars won’t." This creative approach highlights the growing acceptance and significance of cryptocurrencies in the modern economy. Following the event, Gemini received a certificate for achieving the record for the largest aerial display of a currency symbol formed by multirotor drones, marking a significant milestone in the intersection of technology and finance. The Bitcoin logo itself has a rich history, evolving over the past 16 years through community feedback. Initially created by Satoshi Nakamoto, the logo has undergone several iterations, with the current version featuring a bright orange background and the iconic “₿” symbol. This evolution reflects the dynamic nature of the cryptocurrency community and its adaptability to change. As Bitcoin continues to gain traction, events like Gemini's drone show serve to celebrate its legacy and future potential in reshaping the financial landscape.

Campaign

Signup for latest DePIN news and updates