Wemade Takes Authorized Motion Over Delisting Of Its Coin, Wemix

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Korean Recreation Writer, Wemade is taking authorized motion in opposition to 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”.

Wemix Video games are in a sticky scenario

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 entire variety of tokens in circulation.

In response to those allegations, Chang Hyun-guk acknowledged, “We’ll take all measures, together with authorized motion, to deliver all issues again[…] Now we’re getting ready to file for a courtroom injunction”.

Furthermore, he additionally claimed DAXA didn’t present him with a purpose 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?

Up to now, the token has already tumbled in value by about 70%. Nevertheless, that is unsurprising, as most of Wemix’s customers are Korean. For now a minimum of, the Korean market is out-of-reach for the play-to-earn writer.

That stated, all just isn’t misplaced. Apparently Wemade is conferring with overseas crypto exchanges similar to Coinbase. Undoubtedly, it would additionally attain out to different profitable world exchanges too.

“The deliberate delisting within the Korean crypto exchanges could have restricted affect 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 avid gamers utilizing wemix token actually hope so.

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