JPEX to become DAO, to freeze assets for 2 years
Cryptocurrency exchange JPEX has unveiled a plan that is expected to transform the platform into a decentralized autonomous organization (DAO) and convert user assets into dividend shares with a two-year freeze . The company’s blog states that voting for the “DAO Shareholder Dividend Scheme” was completed on Sep. 28. The JPEX team claims that 68% of users supported the scheme. This plan offers users a chance to turn their locked-up assets into DAO dividends, giving them a 1:1 exchange rate. Additionally, after one year, users can choose to sell back their converted assets at 30% of the initial conversion price, or they can opt for a full 100% buyback after two years . You might also like: Hong Kong’s SFC cautions against unregulated crypto trading by JPEX Furthermore, before this, the JPEX team promised that users who participate in this plan would receive dividends in the form of new tokens and trading fees. Additionally, they would get a share of JPEX Coin (JPC), the ...