TLDR
- Mark your calendars for February 6, 2025, at 10 PM KST as Berachain's BERA token makes its debut on both Upbit and Bithumb in South Korea.
- This token unveiling is perfectly timed with Berachain's roll-out of its mainnet, showcasing its distinct Proof-of-Liquidity consensus system.
- Bithumb is gearing up to trade the BERA token against the Korean won, initially under some restrictions, while Upbit adds BERA trading alongside KRW, BTC, and USDT.
- Emerging from its roots as the Bong Bears NFT venture, Berachain has now blossomed into a fully-fledged blockchain ecosystem.
- In an exciting development, Upbit is also scheduled to list Jito (JTO) and Scroll (SCR) tokens on the same day, but at 6 PM KST.
Planned for February 6, 2025, Berachain is all set to launch on two of the most influential cryptocurrency platforms in South Korea, namely Upbit and Bithumb, marking a landmark transition from a niche NFT concept to a comprehensive blockchain service. Both Upbit and Bithumb will begin supporting trades for Berachain's BERA token promptly at 10 PM KST, coinciding with the release of the mainnet and introducing a novel entity in the layer-1 blockchain arena.
The exchanges announced What sets Berachain apart is its sophisticated architecture; it's a layer-1 blockchain that's EVM compatible, leveraging a unique Proof-of-Liquidity model, setting it apart from typical Proof-of-Work or Proof-of-Stake systems.
Berachain's journey took flight with the Bong Bears NFT initiative, and its evolution showcases how projects can transcend initial boundaries into comprehensive blockchain ecosystems with a launch slated for February 6.
Strictly focusing on Korean won pairs, Bithumb will list BERA with specific initial trading limits, including a brief five-minute restriction on buy and sell orders.
On Bithumb, order limits range from 10% to 100% of the baseline price, progressively allowing more trading activity once the first transaction concludes and automatic orders can begin.
Upbit, taking a slightly different route, is offering BERA with a variety of pairs. To enhance trading flexibility, users can trade BERA against KRW, BTC, and USDT, though exact trading times might shift based on liquidity situations.
Upbit has also issued a precaution about possible schedule shifts, highlighting the need for sufficient liquidity for smooth trading operations. This foresight ensures that the token's launch happens as seamlessly as possible. Bitcoin Alongside BERA's listing, Upbit is diversifying its token repertoire by adding Solana-based Jito (JTO) and Scroll (SCR) at precisely 6 PM KST.
These new entries, restricted to Bitcoin and Tether trading pairs, are part of Upbit's calculated moves to widen trading possibilities for its user base.
The market's reaction to these listing announcements has been mixed. Scroll witnessed a sharp price hike, soaring above 15% to hit $0.68 within a single day of the announcement.
Conversely, Jito's price activity has been relatively subdued, with just a 0.28% rise within the same timeframe, continuing its prevailing downward trajectory of 15.8% over the preceding week.
Weekly data reveals Scroll maintaining a steady course with a marginal 0.71% increase, whereas Jito persists in experiencing market pressure.
The launch mandates specific criteria for BERA deposits and withdrawals, strictly through the newly inaugurated Berachain mainnet on the same day trading kicks off.
Each exchange has laid out distinct parameters to guide BERA's entry onto the market, with Bithumb adopting tighter initial trading caps contrasting with Upbit's more lenient strategy.
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