[Alpha Biz=(Chicago) Reporter Kim Jisun] As cryptocurrency Paycoin issued by Danal's subsidiary PayProtocol is embroiled in allegations of distribution, attention is being paid again to whether to delist it or not.

According to the industry on the 5th, Paycoin and authorities are currently engaged in a truth battle over the distribution of 700 million Paycoin. Recently, controversy began when a media obtained the Financial Services Commission's Financial Intelligence Unit (FIU) report and raised suspicions that about 700 million out of the 1.9 billion issued pay coins classified as "other third-party holdings" were distributed.

As suspicions arose that it could be used for illegal donations and lobbying funds due to uncertainty, Paycoin made a full denial by disclosing details of where 700 million were used in detail. It also revealed where the total amount of issuance of 1.9 billion is currently being used. According to Paycoin, the 700 million were used to provide 'ecosystem incentives (461 million)', team incentives (95 million) and project support 'advisors' (197 million) to expand the virtual asset ecosystem.

According to this policy, the quantity reflected in the actual distribution volume is 900, 900, and 6,700, respectively, totaling 165,500. The quantity is managed within 206,000 units currently disclosed by Paycoin, and the quantity that has been distributed but has not been paid is required to be paid in consultation with interested parties.

Paycoin failed to secure the bank's real-name verification account demanded by the authorities, and the report on the change of the virtual asset operator was not accepted. The virtual asset industry sees the possibility of delisting if it fails to secure a bank real-name account by the 31st.

 

 

 

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