[Korean Exclusive News]
Author: Shin Yi Jin, South Korea
On 30th May, UPbit announced their 2 new coin listings – Odyssey (OCN) and Decred (DCR). The two new coins will be up for transactions from 30th May onwards. OCN will be traded on the BTC and ETH market while DCR will be traded on the USDT market.
This is the third new listing on UPbit following NAGA coin on 23th May and GTO coin on 25th May since the investigations on the company. UPbit is seen to be actively adding new coins on its market so as to restore its credibility and reattract its users.
By listing the two new coins, UPbit now has 141 cryptocurrencies up for trade in its market.
Prior to this, OCN has been listed in another South Korean exchange market, FUNCoin in earlier this year. OCN is Odyssey project’s ERC20 token. Odyssey is a shared economy blockchain project established by the founder of the biggest shared bicycle platform in Southeast Asia and Europe, OBIKE. The project aims to build a decentralised shared economy and peer-to-peer ecosystem and reduce overall operating cost. The project also aims to increase market efficiency and increase profit by providing their products and service.
Decred focuses on community input, open rule and sustainable financing and developing. It utilises the “proof-of-work” and “proof-of-stake” mining system to prevent a small-scale group from controlling or eliminating the flow of the community. It ensures the transparency of the currency and it uses blockchain as its trading method in order to prevent any illegal trading or creation of one’s own coin.
According to coinmarketcap.com (as of 11:15), OCN has shown a 22.28% increase in the last 24 hours while DCR has shown a 5.12% increase.