Korea’s largest crypto exchange is opening its doors to the decentralized compute network Gensyn, a project that has captured significant market attention.
Upbit will begin trading Gensyn, under the ticker $AI, in KRW, BTC, and USDT pairs starting June 30, 2026 at 16:00 KST. The listing arrives roughly two months after the project’s mainnet went live on April 22.
Gensyn functions as a global marketplace for raw computing power. It connects developers with a decentralized network of GPUs to train machine learning models, bypassing traditional centralized cloud providers. The protocol cryptographically verifies the work is executed correctly.
The $AI token powers the economic layer, facilitating payments between compute buyers and providers, as well as network staking. The circulating supply stands at approximately 1.3 billion tokens against a maximum supply of 10 billion.
The project has raised roughly $78 million in funding, with investors including a16z crypto, Galaxy Digital, and CoinFund. It was already trading on major platforms like Binance and Coinbase prior to this announcement. Its first decentralized application, a prediction market called Delphi, launched on April 29.
For investors, the Korean Won pair creates a direct fiat on-ramp for local traders. However, the tokenomics suggest a significant amount of supply has yet to enter the market, and the network is still in its early stages of proving scalable, real-world demand.