The South Korean Crypto Upbit exchange has announced a new list for a Altcoin sur Su (Sui), triggering an explosive price action.
According to a new announcement, Upbit supports DeepBook (Deep) to exchange the SU network on its platform from Tuesday.
The Deepbook project is a decentralized central limit order book (COB), which exchanges use to facilitate the purchase and sale between traders by recording offers and offers.
Said the project,
“Built as a central limit order book without permission, DeepBook works like neutral trading soil with a set of integrated mechanisms to allow deffi (decentralized finance) on Su sur protocols. Such as Cetus, after sources of liquidity, the creation of vibrant markets for User DEFI.
Aftermath noted that its combination of transaction speed and reduced processing time allows a trading environment entirely in chain competing with centralized exchanges in terms of liquidity and user experience. »»
On the maximum offer of ten billion Deepbook tokens, 10% are intended for the community in an initial drop, around 31% are designated for basic contributors and the first donors and around 59% concern future subsidies, community programs and community initiatives.
After Upbit’s announcement, Deep exploded from the lowest on Monday of $ 0.08,42 to a Tuesday summit of $ 0.166, a gain of more than 97%.
Deep has since retraced and has been negotiated at $ 0.118 at the time of writing, but is still up 30.2% during the day.
With a market capitalization of $ 295.1 million, Deep is the 204th largest cryptography project.
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