South Korea’s largest crypto exchanges have announced they’ll delist WEMIX (WEMIX) — the native token of gaming company Wemade’s blockchain platform Wemix — alleging the firm provided “false information” as a result of a good investment warning it had been issued.
Bithumb, Upbeat, Coinone, Korbit and Gopax — which are members of a collective known as digital Asset eXchange Alliance (DAXA) — announced on November. 24 they would terminate contract support for WEMIX, with buying and selling set to finish on 12 ,. 8.
Within the investment warning issued March. 27, DAXA alleged there was significantly more WEMIX in circulation than Wemix had disclosed, and Wemix had promised to utilize DAXA to ease these concerns.
After news of the choice to delist broke, WEMIX Communication released an announcement claiming it’d sincerely taken care of immediately demands and concerns elevated by DAXA and remedied numerous issues where they feel the circulating supply have been overstated the audience, adding:
“The WEMIX team doesn’t acknowledge or accept the not reasonable decision produced by digital Asset eXchange Alliance (DAXA)… It is vital to notice the Foundation hasn’t circulated just one WEMIX greater than what we should have formally disclosed so far.Inches
The cost of WEMIX plummeted following a news, and during the time of writing is lower 70.8% having a current cost of $.476.
The Chief executive officer of Wemade Henry Chang has apparently invested his monthly salary in to the WEMIX token eight occasions, including purchasing 18,928 WEMIX Classic with October salary this season.
Wemade is better noted for its hit franchise The Legend of Mir which peaked in excess of 200 million newbies and includes among the world’s most widely used blockchain games, Mir 4. It announced on November. 2 it had elevated $46 million from Microsoft, and asset management firms Kiwoom Securities and Shinhan Asset Management. Chang stated at that time:
“Wemade and Wemix continuously exert efforts to draw in more capital and positively invest to construct the worldwide digital economy platform.”
Related: An upswing of mobile gaming shared a great deal that is similar to crypto gaming
Wemade also announced an agenda to produce a brand new economy platform which mixes non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs).
While Columbia is among the greatest gaming markets and blockchain adopters on the planet, the nation has banned play-to-earn (P2E) blockchain games.
Since being elected on Marly. 10 inside a tight race, crypto-friendly President Yoon Suk-yeol has hinted the ban might be lifted and it is searching to develop the virtual asset market by overhauling “regulations which are not even close to reality and not reasonable.”