MarX Project, “Cryptocurrency Industry, Stick to basics”

David Kim Do-yeon, CEO of the MetaverseSociety, argued that in order for the cryptocurrency industry to be established, above all, it must be faithful to the legitimate business progress under the white paper, verification of market contents, and basics.

“The recent situation in the cryptocurrency market is an essential gateway to establish a sound market environment,” said Kim Do-yeon, CEO of MetaverseSociety. “To overcome the crisis, it is necessary to stick to the basics and carry out the business normally.”

“The most fundamental of the cryptocurrency project is the White Paper. Investors should check their business through the white paper, explaining that it is necessary to review what is actually mentioned in the white paper or whether the project they want to proceed can proceed within due legal procedures and scope.

“It is desirable for cryptocurrency to pursue an efficient economic ecosystem by establishing a complementary token economy rather than trying to challenge or replace legal currency,” he said. “Cryptocurrency projects should be able to be the mainstay of the social economy.”

The MetaverseSociety runs the MarX Project. The MarX Project aims to directly connect value creators and value consumers to support ethical economic and social activities and provide digital value conversion platforms for real assets.

According to the MetaverseSociety, the MarX Project was specifically stated in the white paper and carried out legal and technical verification from the beginning of the project. In order to enhance transparency, the company also transferred the amount of tokens it has to Metawallet.

MarX Project recently announced that it has signed agreements with Cyrex Pay, Inblock, and Union Pay in China. In early June 2021, the company opened a marketplace for art NFT trading. Recently, it started trading NFT Marketplace by establishing its own SwapDEX to support users’ convenience in trading.