Upbit Announces Listing of SUPER Token Across Multi-Market Channels

South Korea’s leading cryptocurrency exchange, Upbit, revealed on October 29 its strategic move to list SUPER (Superverse) token across multiple trading markets. The SUPER token will be available for trading in the Korean Won (KRW) market, Bitcoin (BTC) market, and Tether (USDT) market, with trading set to commence at 8:00 p.m. KST.

Furthermore, Upbit confirmed that deposits and withdrawals for SUPER tokens would be live within two hours following the announcement, utilizing the Ethereum blockchain network for transactions. To address potential price volatility during the initial trading window, the exchange plans to apply stabilization mechanisms such as restrictions on minimum sell orders tied to prior CoinMarketCap pricing.

What is Superverse? Exploring the Web3 Gaming Ecosystem

Superverse is an innovative blockchain-powered platform designed to deliver a unified gaming experience within the Web3 space. Focused on delivering seamless integration across multiple decentralized games and services, the ecosystem connects users to a vast landscape of next-generation gaming opportunities.

At the core of Superverse’s offerings is its proprietary game "Impostors," which anchors an expansive ecosystem that currently features more than 30 Web3 games. Notably, 15 of these games incorporate the SUPER token directly into their mechanics, enabling in-game activities such as item purchases, rewards, and transactions. Beyond gaming, SUPER plays a pivotal role in staking activities and decentralized governance, empowering users to actively participate in shaping the ecosystem’s future direction.

Superverse represents a cutting-edge fusion of gaming, NFT integration, and decentralized technology, striving to set new standards for Web3 gaming communities and services.

Initial Measures to Stabilize SUPER Token Trading

To ensure an orderly launch and mitigate price instability, Upbit has implemented specific trading restrictions for SUPER tokens during their introductory phase. The exchange announced that for the first five minutes post-launch, buy orders will be prohibited entirely, allowing only sell orders within defined parameters.

During this window, the minimum acceptable sell price will be pegged to CoinMarketCap’s closing market price of 730.36 KRW, with a 10% lower bound enforced. Additionally, for the first two hours of trading, only limit orders will be allowed, restricting market orders and potential large-scale price swings.

These mechanisms reflect Upbit’s precautionary approach to reducing speculative trading behavior, fostering a more stable market environment for early adopters.

Risk Advisory: Investing in Digital Assets

Upbit also took the opportunity to remind traders about the inherent risks associated with digital asset investments. Highlighting the unpredictable nature of cryptocurrencies, the exchange underscored the potential for extreme price fluctuations driven by speculative demand or regulatory policy shifts.

“As investing in digital assets carries significant risk, we urge users to exercise caution and thoroughly review project websites and disclosure documents before engaging in trading activities,” the exchange stated.

Where to Stay Updated on Digital Asset News

For ongoing updates about the SUPER token and other blockchain developments, follow Block Media on Google News or join the Block Media Telegram channel for real-time information. Upbit’s strategic listing of SUPER underlines both the growing prominence of Web3 gaming ecosystems and the exchange's commitment to delivering diversified trading opportunities to its users.