JPEX cryptocurrency exchange has introduced a plan for turning oneself into DAO – Bits Media

In connection with the investigation of the activities of JPEX by the Hong Kong law enforcement officers and regulators, The leadership of the exchange was voting according to the "Dividend of shareholders DAO" scheme.

The vote ended 28 september, and the JPEX team claims, that the scheme was supported 68% users. According to the new plan, The exchange will give users the opportunity to turn their blocked assets into dividends of a decentralized autonomous organization at an exchange rate 1:1.

In a year, JPEX users will be able to redeem their converted assets, Whose cost will be 30% initial conversion price or make a ransom at full cost after two years. The JPEX team promised, what users, took part in this regard, will receive dividends in the form of new tokens and trade commissions. The number of own JPEX Coin exchanges (JPC) will depend on the received dividends. JPEX claims, that the plan motivates users to store assets on the exchange, despite , that the site has problems with liquidity.

“The platform will begin to work as DAO. All recipients of dividends in the future will receive the right to vote and participate in the vote on decision -making regarding the work of the site ", - approved in the statement JPEX.

but, According to user complaints, JPEX converted their crypto activists without permission or preliminary notification. According to one of JPEX customers, All of his USDT stabilcoins and other crypto activists were transferred to JPC tokens. Previously, the trading platform sharply raised the commission for withdrawing funds before $999.

The new plan for the revival of the exchange appeared shortly after, how the Hong Kong police arrested several cryptocurrency influons, promoting JPEX. The problems of the exchange began after, as a commission on securities and futures of Hong Kong (SFC) warned about that, that she did not give the platform a license to work in this administrative region of China.