Korean Recreation Writer, Wemade is taking authorized motion towards DAXA after its Wemix coin is delisted on main crypto exchanges in Korea. The CEO, Chang Hyun-guk referred to as the choice “arbitrary and unfair”.
Why did DAXA Delist Wemix?
The Digital Asset eXchange Affiliation (DAXA) is an alliance representing 5 Korean exchanges: Upbit, Bithumb, Coinone, Korbit and Gopax. Collectively, the alliance determined to delist Wemix, Wemade’s personal coin, from December eighth. As to why, DAXA declare Wemade offered false info concerning the full variety of tokens in circulation.
In response to those allegations, Chang Hyun-guk said, “We’ll take all measures, together with authorized motion, to carry all issues again[…] Now we’re getting ready to file for a court docket injunction”.
Furthermore, he additionally claimed DAXA didn’t present him with a cause for delisting Wemix, nor an opportunity to enhance the chance of relisting.
What’s Wemix Token?
Initially launched in 2020, Wemix is Wemade’s gaming platform token. The token is the spine of many blockchain video games together with; Anipang Cash, Anipang Blast, Kingdom Hunters and Riders of Icarus. Gamers can use this token in-game or commerce it on exchanges.
What does this imply for Wemix Video games?
To date, the token has already tumbled in value by about 70%. Nevertheless, that is unsurprising, as most of Wemix’s customers are Korean. For now not less than, the Korean market is out-of-reach for the play-to-earn writer.
That mentioned, all shouldn’t be misplaced. Apparently Wemade is conferring with international crypto exchanges equivalent to Coinbase. Undoubtedly, it would additionally attain out to different profitable world exchanges too.
“The deliberate delisting within the Korean crypto exchanges can have restricted influence on the corporate’s complete enterprise as most of our portfolios have already expanded globally,” Chang added.
With so many blockchain video games on the road, each Wemade and the players utilizing wemix token actually hope so.
