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Upbit’s Addition of EGLD in Korean Won and Bitcoin Markets: What You Need to Know

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On April 27th, it was announced that Upbit will add EGLD in the Korean won and Bitcoin markets, and deposit support will be available within 3 hours, only supporting main network r

Upbits Addition of EGLD in Korean Won and Bitcoin Markets: What You Need to Know

On April 27th, it was announced that Upbit will add EGLD in the Korean won and Bitcoin markets, and deposit support will be available within 3 hours, only supporting main network recharge. It is expected to open trading from April 2023 to 2715:00.

Upbit will be launched on EGLD

Are you an avid cryptocurrency investor always on the lookout for the latest additions in the market? Well, you’re in luck because Upbit, a reputable Korean cryptocurrency exchange, has recently announced the addition of EGLD (Elrond Network) in the Korean won and Bitcoin markets. In this article, we will dive into what this means for the cryptocurrency world and what investors like you need to know.

Understanding EGLD (Elrond Network)

Before delving further into the addition of EGLD in Upbit, it’s essential to understand the Elrond Network. It was founded in 2017 with the aim to create a scalable, high-throughput blockchain solution that can support 10,000 transactions per second. Its focus is to enable efficient and high-speed communication along with swift and secure value transfers. The Elrond Network has been gaining traction in the past few years with its innovative solutions and collaborations with various blockchain firms.

Upbit’s Addition of EGLD

On April 27th, Upbit announced its addition of EGLD in the Korean won and Bitcoin markets. Deposits to the main network will take only three hours, and the platform is set to open trading for EGLD from April 2023 to 2715:00. This move by Upbit opens up new opportunities for investors to diversify their portfolios with an innovative blockchain solution.

Benefits of Investing in EGLD

Investing in EGLD presents a new horizon for investors because of its scalability and high security. It can handle up to 15,000 transactions per second and ensures the safety of user data with advanced zero-knowledge proofs. The Elrond Network brings a new level of efficiency that can reduce costs and increase productivity for businesses worldwide.

How to Buy EGLD on Upbit

If you’re interested in buying EGLD on Upbit after its launch, here’s how you can do it:
1. Register on the Upbit exchange if you haven’t already.
2. Go to the wallet section and deposit funds.
3. Search for EGLD in the search bar.
4. Once you find EGLD, click on buy and select the amount of EGLD you want to purchase.
5. Confirm your purchase, and voila! Your EGLD will be in your wallet.

Conclusion

The Upbit exchange’s addition of EGLD to the Korean won and Bitcoin markets presents a new opportunity for investors to diversify their cryptocurrency portfolios. With the Elrond Network’s scalability and advanced security measures, EGLD is poised to be a significant player in the blockchain world. Be sure to register with Upbit in advance to purchase EGLD once it launches.

FAQs

Q: What is the main aim of the Elrond Network?
A: The Elrond Network aims to create a scalable, high-throughput blockchain solution that can support 10,000 transactions per second.
Q: When will EGLD be available for purchase on Upbit?
A: EGLD is expected to be available for purchase on Upbit from April 2023 to 2715:00.
Q: What is the advantage of investing in EGLD?
A: Investing in EGLD presents a new horizon for investors because of its scalability and high security. It can handle up to 15,000 transactions per second and ensures the safety of user data with advanced zero-knowledge proofs.

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