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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] The WEMIX Foundation, facing the risk of delisting from domestic cryptocurrency exchanges after a recent hacking incident involving stolen WEMIX tokens, stated that it is actively providing explanations to the Digital Asset eXchange Alliance (DAXA).
Kim Seok-hwan, CEO of the WEMIX Foundation and head of WeMade’s blockchain subsidiary, addressed the situation during an investor meeting held on the 11th. “We are in communication with DAXA and are doing our utmost to clarify the matter,” he said.
DAXA had initially designated WEMIX as an "investment warning" asset and extended the designation on April 18. The organization is expected to announce whether it will further extend the status, lift the warning, or proceed with delisting during the third week of this month.
The meeting was attended by pre-selected WEMIX token holders, who questioned Kim about WeMade’s upcoming game strategies and the future of the WEMIX platform.
In response to concerns over the underperformance of WEMIX’s proprietary blockchain mainnet, WEMIX 3.0, Kim acknowledged the need for a strategic reassessment. “For a mainnet to be competitive, it must have its own unique value. We are now evaluating what the true strengths of WEMIX 3.0 are,” he explained.
Kim also emphasized the central role of gaming in WEMIX’s ecosystem strategy. “We believe games have strong potential to become killer apps within the blockchain ecosystem. Our approach is to leverage games to drive user activity and transaction volume, and then build additional services on top of that foundation.”
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
