Leading South Korean exchange to strip gaming company Wemix tokens in December

Wemade’s native token wemix to be stripped from leading South Korean exchange next month Even if it is guaranteed by the game company on how to distribute the tokens.

Members of the Digital Asset Exchange Alliance (DAXA) — a group made up of South Korean crypto exchanges Upbit, Bithumb, Coinone, Korbit and Gopax — will delist the wemix token on Dec. 8, not yet. It’s been a month since they issued an investment warning against tokens.

DAXA is concerned that the wemix team is distributing more tokens than stated in the plan it sends to its members, according toannounceIt also alleged that the company provided insufficient or misleading information to investors.

DAXA initially gave the wemix team a timeline to resolve the issue, starting with the issuance of a warning on October 27th, to resolve the situation and address concerns. The company promised to clarify the information and make improvements. But neither side appears to have failed to make sense, with DAXA saying it found errors in the information it submitted.

The wemix team condemns this decision as While Wemade has been making games since the early 2000s, including the Legend of Mir series, but is just beginning to explore the technology. Blockchain not so long ago In October, it launched stablecoin and wemix mainnet.

The company also raised a funding in November with $46 million from Microsoft investment firm M2 and South Korea’s Shinhan Asset Management and Kiwoom Securities, the third blockchain-related firm Microsoft has invested in.

wemix token price reduce 70% since the announcement down to about $ 0.49

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