Nexon Coin Nexspace Listed on Binance, Upbit, and Bithumb

Nexspace, a Block chain subsidiary of Nexon, has issued a utility token called Nexspace (NXPC), which was simultaneously listed on major domestic cryptocurrency exchanges Upbit and Bithumb, as well as the world's largest exchange, Binance, on the 15th.

Nexspace is a token issued on the Avalanche C-chain, used in the Web 3.0 game 'MapleStory N' and the Block chain game project 'MapleStory Universe'. Nexspace has set a strategy to limit the total token issuance to 1 billion, with 800 million to be used as community contribution rewards to promote ecosystem expansion.

Nexspace is an unusual case of a 'Kimchi Coin' being simultaneously listed on major exchanges like Binance, Upbit, and Bithumb.

Binance announced the listing of Nexspace at 4:30 PM on the 15th. Prior to the listing, Binance airdropped 30 million Nexspace tokens to BNB holders from 9 AM on the 5th to 9 AM on the 10th.

On the 14th, Upbit and Bithumb announced that they would support deposits, withdrawals, and trading of Nexspace and provide details on the listing timing.

MapleStory N maintains the traditional MMORPG game structure while introducing a feature to convert items and game money into Non-Fungible Tokens. Nexon has conducted two tests since last year and also built its own Avalanche-based subnet Henesis L1. However, MapleStory N will only be serviced overseas, with domestic access blocked.

Reporter Seung-won Kwon ksw@blockstreet.co.kr