WEMIX Token Delist News – Several major cryptocurrency exchanges based South Korea have announced that WEMIX, the gaming platform token, has been delisted. The crypto project had previously announced that it was raising funds from tech giant Microsoft. The Digital Asset Exchange Joint Consultative Body, which is made up of five top exchanges in the country, announced a date for the delisting.
The post South Korean Exchanges Remove Microsoft Linked WEMIX Token from List appeared first on CoinGape.

  

WEMIX Token Delist News – Several major cryptocurrency exchanges based South Korea have announced that WEMIX, the gaming platform token, has been delisted. The crypto project had previously announced that it was raising funds from tech giant Microsoft. The Digital Asset Exchange Joint Consultative Body, which includes five of the most prominent exchanges in the country, announced a date for the token’s delisting.
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False Information
This group included the exchanges Upbit and Bithumb, Coinone and Korbit. The exchanges claimed that Wemix had provided false information. In a recent round of funding, the company behind the token raised $46 million from companies such as Microsoft. The Korean crypto exchanges claimed that they found errors in the data submitted to them by the company. South Korean media reports that the exchanges found inconsistencies in key information, such as distribution volume. According to the exchanges,
“This is a rare situation in which it is hard to restore confidence in your ability to identify and handle important information within the project such as important information like the revisions to distribution volume several times after submission.”
To ensure investor safety, the five exchanges announced that they would not be supporting WEMIX transactions. They also announced that WEMIX transaction support will cease on December 8. Based on market value, the WEMIX token currently ranks 226. Due to the delisting news, the token’s value has dropped around 70% over the last 24 hours. According to CoinMarketCap, the WEMIX price is $0.4738 as of writing
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Retracting the Decision
WEMIX said that it was working to have the exchanges reverse their decision to withhold transaction support. It tweeted that the WEMIX team would immediately and actively respond in response to the unilateral WEMIX decision to terminate transaction support.
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