Upbit Lists The Parallel After Resolving Supply Issue

South Korea's largest cryptocurrency exchange, Upbit, has listed The Parallel (PRL) on its platform after resolving a critical supply issue.

The issue was caused by 90 million PRL tokens being distributed to ecosystem partners, including an overseas personnel management company and a KOL marketing agency. Upbit's thorough investigation into the token movement revealed that these distributions followed a publicly disclosed vesting schedule, which means that tokens can be sold immediately after distribution.

The listing provides transparency and credibility to the project, as well as liquidity for investors. The PRL token is now trading on three markets at Upbit: KRW (Korean Won), BTC (Bitcoin), and USDT (Tether).