‘No Possibility’ that Wemix Will Be Delisted in S Korea, Says Gaming Giant WeMade
The South Korean gaming giant WeMade has claimed there is “no chance” its wemix token will be delisted by the nation’s leading crypto exchanges – despite the fact that it has been placed on a watchlist.
The wemix coin (WEMIX) was flagged with an investment warning by the Digital Asset Exchange Association (DAXA) late last month, Upbit explained in a customer notice. The DAXA is a newly founded group comprises the nation’s biggest exchanges – the market-leading trading platforms Upbit, Bithumb, Coinone, and Korbit.
The exchanges found that there were differences between the number of tokens listed as being in distribution by WeMade and the actual number of coins issued by the game maker.
Per Segye Ilbo, the WeMade CEO Chang Hyun-guk stated:
“I am in communication with DAXA and am fully explaining the situation.”
Chang added that he did not think delisting was “a possibility.” WeMade is famous in the gaming world for titles such as the Legend of Mir series.
The exchanges agreed to form DAXA following the Terra crash earlier this year. Following the crash, all four platforms faced political pressure over the timing of the delisting of Terra Luna Classic (LUNC). While some delisted LUNC shortly after the crash, others continued to list the coin for several weeks afterward – which led to a flurry of speculative investment.
Regulators and politicians stepped in, and urged the platforms to streamline their responses to crypto-related issues. The result was the formation of the DAXA – and some fear that wemix could become its first casualty.
Simply put, the coin’s supply figures appear to have been inaccurately recorded. In January, the firm said 245,966,797 tokens would be in circulation by the end of October. However, on October 25,
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