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WEMIX cryptocurrency falls 70% as Korean markets delist it.

On November 24, the South Korean association for cryptocurrency trades, the Computerized Resource Trade Joint Consultative Body (DAXA), announced that the WEMIX token would be taken off the market. In supporting the choice to delist WEMIX, the affiliation asserted the data given by the symbolic’s guarantor Wemade is misleading and has befuddled financial backers.

WEMIX token plunges 70% after it's delisted by Korean exchanges By  Cointelegraph

Source: Investing.com

Inconsistency Between WEMIX Coursing Supply and Token Conveyance Plan
A relationship of South Korean cryptographic money trades, the Computerized Resource Trade Joint Consultative Body (DAXA), reported on Nov. 24 that the gaming stage Wemade’s token — WEMIX — would be delisted. As indicated by DAXA, the choice to delist WEMIX came after the affiliation professed to have found a disparity between the token’s coursing supply and the submitted dispersion plan.
The declaration by DAXA, which is comprised of five crypto trades, specifically: Bithumb, Coinone, Gopax, Korbit, and Upbit, came only days after a few nearby media reports proposed the delisting choice would be uncovered on Nov. 17. At that point, Chief of Wemade Henry Chang purportedly let symbolic holders know that the delisting of WEMIX was not a chance.

Nonetheless, as revealed by Hankyung distribution, DAXA affiliation individuals at last chose to eliminate the token from the separate stages.
According to DAXA, “the degree was critical” because “the dispersion sum exceeding the dissemination plan presented by Wemix to DAXA is a lot of over-flow at the hour of assignment as an advance notice issue.”

Further, the affiliation blames Wemade for circling misleading data and confounding financial backers by delivering unverified data about WEMIX’s posting status.
At the hour of composing (Nov. 24, 3:00 p.m. EST), WEMIX was somewhere around almost 70% to $0.488 while the symbolic’s 24-hour exchanged volumes were simply more than $540 million. In the mean time, DAXA apparently said “Wemix’s exchange backing will be ended on Dec. 8 to safeguard financial backers.”

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