[Asia Economy Reporter Yuri Choi] Wemade stated on the 28th, "The Digital Asset Exchange Joint Council (DAXA)'s claim that our explanation was insufficient despite proving the amount of WEMIX held and circulating in real time is not true."
On this day, Wemade directly refuted DAXA's statement through the WEMIX team homepage, which operates the virtual asset WEMIX. This came immediately after DAXA reiterated its position that Wemade failed to provide sufficient explanation regarding the delisting of WEMIX. DAXA explained that WEMIX had not restored damaged trust and that an opportunity to explain was given to WEMIX before the delisting decision.
In response, Wemade emphasized, "We sufficiently explained why the burned amount was included in the circulating supply to lift the investment caution early," adding, "Furthermore, we not only explained the foundation's holdings and the resulting circulating supply but also provided on-chain information to prove it in real time."
Regarding the delisting decision despite this, Wemade expressed dissatisfaction, saying, "If DAXA had clearly stated their position when trust in WEMIX was not restored, we would have made greater efforts to improve. It even raises suspicion that the circulation plan was not important from the start." They continued, "Upbit's lenient and negligent handling of other coins and tokens that violated or completely lacked circulation plans recently proves this."
Wemade urged that resolving the WEMIX issue as early as possible is the best course of action. They added, "South Korea is leading P2E (Play to Earn) games, gaining an advantage in the global blockchain market and experiencing rapid growth, with WEMIXPLAY and WEMIX at the center. The credibility and competitiveness of Korean companies in the global market must not be damaged by such incidents."
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