WeMade withdrew the lawsuit against Upbit, Bithumb Korea, Coinone and Korbit for removing WEMIX

On February 17, the South Korean game giant WeMake withdrew all the lawsuits against the WEMIX tokens on the exchanges under the Digital Assets Exchange Joint Advisory Agency (DAXA). Industry insiders said that WeMade submitted the withdrawal notice against Upbit, Bithumb Korea, Coinone and Korbit to the Seoul Central District Court.

Interpretation of this information:

The recent news about the South Korean game giant, WeMake, withdrawing all the lawsuits against the WEMIX tokens on exchanges under the Digital Assets Exchange Joint Advisory Agency (DAXA) has raised some eyebrows in the industry. This decision was made public on February 17th, and industry insiders suggest that WeMade submitted the withdrawal notice against various exchanges, including Upbit, Bithumb Korea, Coinone, and Korbit, to the Seoul Central District Court.

The reason behind WeMake’s withdrawal action is not entirely clear. However, some reports suggest that it could be related to a change in the company’s business strategy. WeMake might be planning to move away from operating WEMIX tokens as a gaming currency and may be exploring new ventures. There is also speculation that WeMake abandoned the lawsuits due to concerns about negative publicity and damage to its reputation.

The WEMIX token was developed by WeMake as a cryptocurrency specifically for gaming transactions. Players could use WEMIX to purchase in-game items, such as weapons, skins, etc. The token also enabled players to earn rewards through WeMake’s loyalty program. WEMIX tokens were available on different exchanges, and their value fluctuated based on market demand.

The withdrawal of lawsuits against exchanges dealing in WEMIX tokens could have a significant impact on WeMake’s future plans. However, the company has not yet issued any statement about its next move. We can only speculate that WeMake has significant plans on the horizon and that it aims to keep the public informed when the time is right.

In conclusion, the recent move by WeMake to withdraw all the lawsuits against the WEMIX tokens on exchanges raises several questions regarding the company’s future plans. The reason behind this move is not entirely clear, but it could be due to a change in WeMake’s business strategy or concerns over negative publicity. The development could have significant consequences for WeMake’s operation in the gaming industry. It remains to be seen what the company’s next move will be.