Wemade appeals against the court’s decision to delist WEMIX

Wemade, a South Korean blockchain game developer, has lodged an appeal against the court ruling that denied their request to stop four of the country’s largest crypto platforms from delisting their native token, WEMIX.

Last week, a South Korean court declined the injunction that Wemade had submitted, leading to the removal of WEMIX from the four exchanges and a subsequent decrease in the company’s stock and cryptocurrency values.

Wemade has listed WEMIX on GDAC, a local crypto exchange, and declared that they will buy back and burn $10 million worth of WEMIX to help revive the token’s worth.