ANIME Token Set to Debut in South Korea via Upbit Exchange

The Animecoin community’s native token, ANIME, is scheduled to make its South Korean debut on the Upbit exchange on January 23 at 22:00 KST. This listing follows the token’s recent listing on Binance.

Trading Support and Details

According to a recent notice, Upbit will provide trading support for ANIME paired with the Korean Won, Bitcoin, and Tether. The token will be available on the Arbitrum network. Traders can start depositing and withdrawing ANIME at 22:00 KST, while transaction support will be announced at a later time.

Due to the token’s newly launched status, Upbit warned traders that the token may not have enough liquidity to guarantee a stable trading experience. The exchange will provide additional information on the trading support time through a notice one hour before the trading support time, after sufficient liquidity is secured within the exchange.

Upbit will provide additional information on the trading support time through this notice 1 hour before the trading support time after sufficient liquidity is secured within the exchange.

Trading Restrictions and Base Price

Buy orders for ANIME will be restricted to around 5 minutes after trading starts, while sell orders are restricted for one hour. The base price for the Animecoin token will be announced one hour before trading officially begins.

About Animecoin and Its Listing

ANIME is also listed on other major crypto exchanges, including Binance, Bybit, and OKX from January 23. According to the official description, ANIME is a “culture coin of the anime industry” meant to solve problems plaguing the animation industry, such as fragmented consumer experience, limited fan participation, and outdated monetization models using a community-owned creative web3 network.

Token Use Cases and Supply

ANIME will be used as a gas and governance token for Animechain, the community’s web3 network scheduled to go live in Q1 of 2025. The project vows to introduce a series of original and third-party anime content, including games, merchandise, and NFTs.

The Animecoin foundation has prepared a total token supply of 10 billion ANIME tokens and an initial circulating supply of 7.69 billion ANIME. Around 50.5% of the total token supply will be allocated to the community, and more than 20% will go to the team and company.

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