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Bithumb Lists Berachain ($BERA) Korean Won trading pair

 
Ritu Lavania
Written By 
Ritu Lavania
 
Harsh Chauhan
Edited by 
Harsh Chauhan
February 6, 2025
Bithumb Lists Berachain ($BERA) Korean Won trading pair

South Korea’s leading cryptocurrency exchange Bithumb is listing Berachain (BERA) in its Korean Won market, as the project’s mainnet launches today.

Bithumb Lists Berachain ($BERA)

According to the announcement,  Berachain trading on Bithumb will begin at 10:00 PM on February 6, 2025. Deposits and withdrawals will also start two hours earlier at 8:00 PM. The exchange will only support transactions through the Berachain network, meaning deposits from other networks will not be accepted. The base price and the required number of deposit confirmations have yet to be determined.

For a stable trading environment, Bithumb will impose temporary restrictions when trading begins. As per the official statement, for the first five minutes, buying orders will not be allowed. Selling orders will also be restricted if the price falls below -10% or rises above +100% of the standard price during this period. Additionally, automated orders such as stop-loss or take-profit will only be activated after the first trade occurs.

Berachain, which is a layer 1 blockchain, had its mainnet as well as TGE launched today. According to the project’s tokenomics, the total supply of BERA at its Genesis, is 500,000,000 BERA. Furthermore, Berachain’s token distribution is divided into three main categories:

  1. Core Contributors (16.8%) – 84M tokens allocated to Big Bera Labs’ advisors and core contributors.
  2. Investors (34.3%) – 171.5M tokens distributed to Seed, Series A, and Series B investors.
  3. Community Allocations (48.9%) – 244.5M tokens allocated across:
    a. Airdrop (15.8%) – 79M tokens for testnet users, NFT holders, ecosystem participants, etc.
    b. Future Community Initiatives (13.1%) – 65.5M tokens for incentives, grants, and developer programs.
    c. Ecosystem & R&D (20%) – 100M tokens for ecosystem growth, R&D, and infrastructure development.
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Ritu Lavania
Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. Passionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.