{"id":515603,"date":"2022-11-25T04:25:50","date_gmt":"2022-11-25T01:25:50","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/wemix-token-plunges-70-after-its-delisted-by-korean-exchanges\/"},"modified":"2022-11-25T04:25:50","modified_gmt":"2022-11-25T01:25:50","slug":"wemix-token-plunges-70-after-its-delisted-by-korean-exchanges","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/wemix-token-plunges-70-after-its-delisted-by-korean-exchanges\/","title":{"rendered":"# WEMIX token plunges 70% after it&#8217;s delisted by Korean exchanges"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a292f155f14e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a292f155f14e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/wemix-token-plunges-70-after-its-delisted-by-korean-exchanges\/#%E2%80%9D_WEMIX_token_plunges_70_after_its_delisted_by_Korean_exchanges_%E2%80%9C\" >&#8221; WEMIX token plunges 70% after it&#8217;s delisted by Korean exchanges &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_WEMIX_token_plunges_70_after_its_delisted_by_Korean_exchanges_%E2%80%9C\"><\/span>&#8221; WEMIX token plunges 70% after it&#8217;s delisted by Korean exchanges &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNDljZWE2MzEtMGM2Ni00Y2JhLTgzZTEtNjg1ZmFlMDMzYjQ0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5129e2ea>South Korea\u2019s largest crypto exchanges have announced they will delist WEMIX (WEMIX) \u2014 the native token of gaming company Wemade\u2019s blockchain platform Wemix \u2014 alleging the firm provided \u201cfalse information\u201d in response to an investment warning it was issued.<\/p>\n<p>Bithumb, Upbeat, Coinone, Korbit and Gopax \u2014 which are part of a collective called the Digital Asset eXchange Alliance (DAXA) \u2014 announced on Nov. 24 that they would terminate contract support for WEMIX, with trading set to end on Dec. 8.<\/p>\n<p>In the investment warning issued Oct. 27, DAXA alleged that there was considerably more WEMIX in circulation than Wemix had disclosed, and Wemix had pledged to work with DAXA to alleviate these concerns.<\/p>\n<p>After <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> of the decision to delist broke, WEMIX Communication <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/wemix-communication\/statement-for-the-community-of-wemix3-0-48d974870ce3\">released<\/a> a statement claiming it had sincerely responded to requests and concerns raised by DAXA and corrected a number of issues where they believe the circulating supply had been overstated the group, adding:<\/p>\n<blockquote><p>\u201cThe WEMIX team does not acknowledge or agree with the unreasonable decision made by the Digital Asset eXchange Alliance (DAXA)&#8230; It is crucial to note that the Foundation has not circulated a single WEMIX more than what we have officially disclosed thus far.\u201d<\/p><\/blockquote>\n<p>The price of WEMIX plummeted following the news, and at the time of writing is down 70.8% with a current price of $0.476.<\/p>\n<p>The CEO of Wemade Henry Chang has reportedly invested his monthly salary into the WEMIX token eight times, including <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reddit.com\/user\/WemixNetwork\/comments\/ycyq08\/henry_changs_8th_wemix_classic_purchase\/\">purchasing<\/a> 18,928 WEMIX Classic with October salary this year. <\/p>\n<p>Wemade is best known for its hit franchise The Legend of Mir which peaked at over 200 million sign ups and includes one of the world\u2019s most popular blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>s, Mir 4. It <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wemade.com\/PressRelese\/PressReleseView\/2182?page=1%5C\">announced<\/a> on Nov. 2 that it had raised $46 million from Microsoft, and asset management firms Kiwoom Securities and Shinhan Asset Management. Chang said at the time:<\/p>\n<blockquote><p>\u201cWemade and Wemix will continue to exert efforts to attract more capital and actively invest to build the global digital economy platform.\u201d<\/p><\/blockquote>\n<p><strong>Related: <\/strong><strong><em>The rise of mobile gaming shared a lot in common with crypto gaming<\/em><\/strong><\/p>\n<p>Wemade also announced a plan to release a new economy platform which combines non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs).<\/p>\n<p>While South Korea is one of the biggest gaming markets and blockchain adopters in the world, the country has banned play-to-earn (P2E) blockchain games.<\/p>\n<p>Since being elected on Mar. 10 in a tight race, crypto-friendly President Yoon Suk-yeol has hinted that the ban could be lifted and is looking to grow the virtual asset market by overhauling \u201cregulations that are far from reality and unreasonable.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/wemix-token-plunges-70-after-it-s-delisted-by-korean-exchanges\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; WEMIX token plunges 70% after it&#8217;s delisted by Korean exchanges &#8220; South Korea\u2019s largest crypto exchanges have announced they will delist WEMIX (WEMIX) \u2014 the native token of gaming company Wemade\u2019s blockchain platform Wemix \u2014 alleging the firm provided \u201cfalse information\u201d in response to an investment warning it was issued. Bithumb, Upbeat, Coinone, Korbit&#8230;<\/p>\n","protected":false},"author":1,"featured_media":515604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNDljZWE2MzEtMGM2Ni00Y2JhLTgzZTEtNjg1ZmFlMDMzYjQ0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,91083,74860,133571,96725,117,70286,72420],"class_list":["post-515603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-blockchain-game","tag-cryptocurrency-exchange","tag-gamefi","tag-press-release","tag-business","tag-microsoft","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/515603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=515603"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/515603\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/515604"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=515603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=515603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=515603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}