Take You to Understand the Upbit Listing Indicator: The 7-Year-Old Korean Blockchain Conference UDC

Original Title: "UDC Conference, Upbit Listing Ambush Guide"

Source: Foresight News

With the market strengthening, the wealth effect of Upbit's new listings has become more apparent. Recently launched tokens saw significant gains on their first day, with AGLD reaching a peak increase of 150%, DRIFT at 190%, and tokens like SAFE, CARV, PEPE seeing 100% increases. The Formula team made a fortune through news trading in this round, making billions overnight. Unable to outrun the algorithm, how can we seize the wealth wave of Upbit's new listings?

The UDC Conference serves as a benchmark for Upbit listings. According to statistics, the listing success rate from 2018 to 2023 reached 76%. On November 14, the UDC Conference was held as scheduled, and this article gives you a quick look at the projects attending UDC.

About the UDC Conference

UDC is a Korean blockchain conference hosted by Dunamu since 2018, aiming to promote the development, growth, and mainstream adoption of the blockchain industry. It has been held for seven years. This year's UDC Conference is themed "Blockchain: Driving Real-World Change." It examines how blockchain expands into various industries and its real-world impact under topics such as trends, finance, policy, technology, and culture.

According to Layerggofficial data, from 2018 to 2023, around 66 projects participated in UDC, with 37 of them already listed on the KRW Fair before participating in UDC. Of the remaining 29 projects, 13 were listed in KRW pairs after UDC (44.8%).

Why does the UDC Conference hold such a prominent position? Where does Upbit's wealth effect come from?

As the largest exchange in Korea, Upbit holds a leading position in the Korean market in terms of trading volume and user numbers, with approximately 73% market share. South Korean investors can directly purchase cryptocurrencies using the Korean Won (KRW), and the easy deposit process and significant wealth effect have propelled the cryptocurrency trading volume in Korea beyond the country's stock market trading volume. This establishes Upbit's new listings with strong buying pressure. The UDC Conference, organized by Dunamo, Upbit's parent company, has a significant impact despite being slightly smaller in terms of event time and attendance compared to KBW and others. Among the projects that participated last year, tokens like ZRO, MNT, STG have been listed on Upbit this year, indicating that the influence still persists.

Data Source: https://x.com/layerggofficial/status/1714145904943587774?s=46

UDC 2024 Conference Projects

The UDC conference for this year was held yesterday. Among the participating projects, Axelar, Taiko, Zetachain, Mantle, Cyber, and others have all been listed on Upbit. As of the conference, there are still 10 projects that have not been listed on Upbit or have not been listed with an up to KRW pairing.

The projects that have not been listed include SLP, HNT, GALA, NFT, ROSE;

The projects that have been listed with a BTC pairing but not yet with a KRW pairing are: MKR, YGG, IOTX;

The projects that have not yet launched their tokens but participated in the UDC are: Linea, Magic Eden

Considering this year's UDC conference theme and direction, compliance and AI remain strong narratives. Although the Oasis Network did not participate in the UDC conference this year, leveraging AI narrative, ROSE saw a surge on November 5th. In addition, there is a high level of attention in Korea towards the NFT and gaming market, and Magic Eden's token also has a high chance of being listed on Upbit.

In addition to the forward-looking effect of the UDC conference, another Korean exchange, Bithumb, also has a certain correlation with Upbit's listings. Influenced by narratives, both exchanges tend to concentrate their listings during specific periods, such as listing AI tokens at the beginning of the year and currently focusing on Memecoins. Korean exchanges, to protect investors, usually do not choose new coins with small market capitalization and short trading history. Instead, they list coins that have gone through a longer period of stabilization, have a larger market capitalization, and relatively stable coin prices.

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