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The native community token Animecoin will make its debut in South Korea via Upbit on January 23 at 22:00 KST after listing on Binance.
According to a recent warningUpbit will launch the token inspired by the Japanese pop culture phenomenon starting January 23 at 10:00 PM KST. The South Korean crypto exchange will provide trading support for ANIME along with the Korean won, bitcoin, and Tether. The token will be available on the Arbitrum (ARB) network.
Traders can start depositing and withdrawing ANIME at 22:00 KST. Upbit will announce the start of transaction support later. However, due to the newly launched status of the token, the crypto exchange warned traders that the token may not have enough liquidity to ensure a stable trading experience.
“Upbit will provide additional information about the trading support time through this notice 1 hour before the trading support time after sufficient liquidity has been secured within the exchange,” Upbit wrote in the notice.
ANIME buy orders will be limited to about 5 minutes after the start of trading, while sell orders will be limited to one hour. The base price of the Animecoin token will be announced one hour before trading officially begins.
Animecoin is also listed on other major crypto exchanges including Binance, Bybit, and OKX as of January 23.
According to the official description, ANIME is an “anime industry cultural currency” intended to solve problems plaguing the animation industry, such as fragmented consumer experience, limited fan engagement, and outdated monetization models using a community owned creative web3 network.
ANIME will be used as a governance and gas token for Animechain, the community's web3 network scheduled to go live in the first quarter of 2025. The project promises to feature a host of original and third-party anime content, including games, products 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 the company.
