This development will take place on the same day as Berachain’s main network launch. The stock exchanges plans to start their trade transactions for Bera on February 6 at 22:00 KST.

Berachain has been developed as a compatible layer 1 blockchain, Ethereum Virtual Machine (EVM) and uses the consensus mechanism of liquidity evidence.

The project initially emerged as a NFT collection called Bong Bears, but over time, it created its own independent blockchain ecosystem. Birerahin’s main network and Bera Token will be officially released on February 6.

Bithumb will only provide trade support for the Korean Won (KRW) parity for Bera. However, trade transactions will be initially subject to certain restrictions.

For the first five minutes, the purchase and sale orders for the Bera will be limited to a 10 %below or more than 100 %above the Specified standard price. Following the completion of the first process, automatic orders and other trade transactions will be released.

On the other hand, UPbit will support Bera in three different parities: Korean Won (KRW), Bitcoin (BTC) and Tether (USDT). However, the stock market warned its users that the start time of the trade transactions may change, depending on whether token has sufficient liquidity in the market.

With the release of Berachain, the future road map and adoption rate of the project will be closely monitored. It is wondered how the liquidity evidence mechanism will work and how this mechanism will contribute to the decentralized finance (defi) ecosystem.

In addition to Bera on the same day, Upbit will also list Solana -based Jito (JTO) and Scroll (SCR) tokens. Trade process for JTO and SCR will start as of 6 February at 18:00 KST. UPbit will provide trade support only for BTC and USDT parities for these token.

The UPbit’s listing announcement has caused a rapid price increase especially in Scroll (SCR) token. According to Crypto.News data, SCR has gained more than 15 %in the last 24 hours, reaching $ 0.68. However, when we look at the weekly performance, Token has only increased by 0.71 %.

On the other hand, Jito (JTO) token did not display a significant action in terms of price, despite the upbit listing. In the last 24 hours, the JTO gained only 0.28 %. Token, in the last seven days, a decrease of 15.8 %, followed a downward trend.

With Berarachain’s release, the performance and liquidity of Bera Token will be carefully monitored. The fact that South Korea’s largest two stock exchanges list Bera at the same time can increase the interest in the ecosystem of the project.

However, whether this interest will continue in the long run will be directly linked to Berachain’s competitiveness in the field of blockchain and the confidence of investors in the project.

In particular, the extent to which Berachain’s liquidity evidence mechanism will be successful will be successful. This system aims to increase the security and efficiency of the network by providing incentives to users who actively provide liquidity in network.

If this model shows the expected performance, it can compete with existing Layer 1 solutions such as Berachain, Ethereum and Solana.

In the coming days, the market reaction of the Bera Token and the liquidity rate will shape the future of Berachain’s ecosystem. The support of South Korean exchanges to this new Blockchain project can also make Bera attract attention in the global market.