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In an official statement published today, leading global digital asset exchange Upbit detailed significant changes to the trading support of Engine Coin (ENJ) on its platform.
Upbit Engine Delists Coin (ENJ)
Trading support for Engine Coin (ENJ) will end at 18:00 on October 10, 2023.
All pending orders (both buy and sell) on the KRW market before the end of trading support will be automatically canceled. Orders placed on the BTC market will not be affected.
These changes stem from Engine Coin's recent developments, including the integration of the Ethereum-based Engine (Enjin) platform with the blockchain Efinity, resulting in the launch of the Enjin Blockchain and native token Enjin Network (ENJ).
The transition from the existing ENJ to the new Enjin Network ENJ and the subsequent replacement of Efinity's digital asset EFI with Enjin Network ENJ led to significant changes in circulation.
It is important to note that EFI, a digital asset from Efinity, is not supported for trading on Upbit and the exchange does not facilitate EFI withdrawals.
The maximum issuance of Engine Coin increased from 1,000,000,000 ENJ to 1,750,000,000 Enjin Network ENJ after the mainnet launch, with an additional inflation rate of up to 5% per year and no set upper limit for the maximum supply.
*This is not investment advice.