South Korea’s Largest Crypto Exchange Upbit to List Nexpace: New Token from MapleStory Universe Set to Make Waves

Key Takeaways:

Upbit to list Nexpace (NXPC) with KRW, BTC, and USDT trading pairs. NXPC is the native token of Henesys L1, the mainnet powering Nexon’s MapleStory Universe. Trading limitations and compliance rules will apply, including Avalanche-only deposits and travel rule checks.

South Korea’s largest crypto exchange, Upbit, is set to make headlines once again with the announcement of its upcoming listing of Nexpace (NXPC)—a token tied to MapleStory Universe, the blockchain-based expansion of Nexon’s iconic game IP. The listing is part of Upbit’s strategic move to embrace gaming-oriented digital assets, especially those with multi-chain capabilities.

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Let’s break down what this means for the market and why this listing is getting attention across Asia.

Upbit Expands Listings with Nexpace (NXPC)

Upbit has officially confirmed that NXPC trading will launch soon, with support for Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) trading pairs. The listing signals Upbit’s continued focus on digital assets with strong ecosystem ties and growing user bases.

Upbit stated that NXPC deposits and withdrawals will only be supported on the Avalanche C-Chain network, adding a layer of specificity that traders must heed to avoid processing errors. This is aligned with Upbit’s history of enforcing strict compliance protocols, especially under South Korea’s updated crypto travel rule requirements.

Key Contract Address:
NXPC’s verified contract on Avalanche: 0x5E0E90E268BC247Cc850c789A0DB0d5c7621fb59

What Is Nexpace (NXPC)?

The Gaming Token with Real Utility

Nexpace (NXPC) is the native token of Henesys L1, a Layer 1 blockchain developed to power the MapleStory Universe—a metaverse extension of the legendary MMORPG, MapleStory, by South Korean game giant NEXON.

NXPC serves several key functions within the Henesys ecosystem:

Payment of gas fees on the Henesys L1 network. Minting and trading NFTs tied to in-game assets. Reward distribution for user-generated content and in-game activities. Conversion to NESO, a companion utility token within the MapleStory blockchain framework.

The multi-chain compatibility via Avalanche C-Chain suggests that NXPC is built for scalability and cross-ecosystem functionality. In a time when blockchain gaming tokens are often criticized for having limited use, NXPC stands out by being tied to an actual gaming economy with a globally recognized brand.

Launch Timing, Trading Rules, and Limitations

Initial Trading Restrictions

To maintain market integrity and avoid volatility, Upbit has imposed several trading limitations upon launch:

No buy orders will be allowed during the first 5 minutes post-launch. Only limit orders will be accepted for the first 2 hours. The minimum sell price will be announced separately by the exchange.

Liquidity Requirements and Timeline

Though Upbit has not given a precise launch schedule, the exchange underlined that trading will only start once sufficient liquidity is guaranteed. Standard for newer tokens, especially those from gaming environments, this prerequisite is vital in the early stages for price discovery.

Any deposit from unverified or non-travel-rule-compliant wallets will most likely experience processing delays, hence users are also urged to complete wallet verification processes. Part of South Korea’s growing regulatory control over crypto transactions, particularly those involving newer or overseas-linked assets, this.

NXPC’s Strategic Significance in Blockchain Gaming

NXPC is part of a bigger movement where game developers are using blockchain to produce immersive and interoperable experiences, not just another token. Integration with Avalanche gives the coin access to quick, inexpensive transactions—essential for micro-payments and NFT-based trading happening often in game settings.

Upbit’s choice to offer NXPC early could also be interpreted as a calculated effort to establish itself as a preferred exchange for next-generation gaming tokens. Similar trends are being observed across Asia, where exchanges like Binance and OKX are listing gaming-centric tokens such as AXS (Axie Infinity), IMX (Immutable), and SAND (The Sandbox).

The Bigger Picture: Multi-Chain, Multi-Use, Mass Adoption

NXPC’s architecture supports multi-chain expansion, a feature that appeals to developers building across ecosystems. Avalanche compatibility opens the door to broader DeFi integration and on-chain utilities outside of just gaming.

In addition, the use of NFTs in MapleStory Universe means NXPC will likely be involved in real digital ownership of skins, characters, and items—providing gamers with true asset control, something traditional Web2 games cannot offer.

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Final Notes on Compliance and User Protection

Upbit continues to prioritize compliance and security, as evidenced by its strict travel rule enforcement and clearly defined contract address for NXPC. This reduces risk of counterfeit tokens, a problem still prevalent on decentralized platforms.

However, Upbit has warned that deposits from unsupported networks or unidentified sources may result in significant delays or rejections. Users are urged to double-check network compatibility and wallet status before engaging in NXPC transactions.

With NXPC’s upcoming listing, Upbit is doubling down on its role as a gateway between traditional gaming IPs and blockchain-native communities—setting the stage for what could be a pivotal moment in crypto gaming adoption.

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