Bitcoin Exchange Upbit announced that it will list its Layer 1 project on the Spot trading platform! Here are the details.

South Korea's largest crypto exchange Upbit is adding another listing for digital assets. The exchange announced that it will support the Layer 1 blockchain project MANTRA (OM) with KRW (Korean Won), BTC, and USDT trading pairs. Trading support will begin on May 21 at 15:00.

Upbit Announces New Trading Pairs for MANTRA (OM): Support Starts on KRW, BTC and USDT Markets

According to the statement made by Upbit, both deposit and withdrawal transactions for MANTRA (OM) will be activated within two hours after the official announcement.

Temporary Transaction Restrictions

As with the new asset listings, some temporary transaction restrictions will apply to OM:

• Purchase Restriction: Purchase orders cannot be placed during the first 5 minutes after the transaction support begins.
• Minimum Selling Price Limit: During the same period, sell orders cannot be placed below 10% of the previous closing price.
• Order Type Limitation: Only limit orders will be accepted for 2 hours after the transactions begin.

These measures aim to maintain market stability and prevent sudden price fluctuations.

What is OM Token?

MANTRA (OM) is the native token of MANTRA Chain, a Layer 1 blockchain focused on the tokenization of physical assets, built on the Cosmos SDK and compatible with the Ethereum virtual machine. The network offers the following components optimized for enterprise use:

• MANTRA DID: Authentication system
• MANTRA Guard: DeFi security module supporting regulatory compliance
• MANTRA Token Service: Physical asset tokenization infrastructure

OM token; is used for network fees, staking, governance, identity verification levels, liquidity incentives, and regulatory reporting processes.

The listing of MANTRA (OM) further highlights Upbit's emphasis on DeFi-focused projects within its expanding digital asset portfolio. Increased interest from institutional and individual investors is expected.