[Announcement] Statement Regarding the Decision on Delisting Paycoin(PCI)

Greetings from the Paycoin team.

Despite our effort on explaning Paycoin’s roadmap on overseas business and wallet services, DAXA has decided to delist Paycoin(PCI) because the uncertainty in the PCI-related business has not been resolved. Despite the detailed explanation of the overseas payment business roadmap, change in the domestic payment business model, and the relaunch schedule, we deeply regret that DAXA has decide to delist Paycoin(PCI). This decision is deeply upsetting and seriously unfair, as many other projects listed on the exchanges have failed to proceed with the white paper.

As one of the global №1virtual asset payment platform, Paycoin’s business will not come to an end. As stated in the previous announcement, by Q3 this year, we will begin our overseas payment service and support 13 different mainnet in our wallet. And by Q4 this year, we will complete the issuance of real-name verified account with the bank and become qualified as a virtual asset service provider for domestic(Korea) payment services.

At the same time, we are pushing our plan to get listed on global exchanges in order to further expand our oversea business.

We will protect our 3.2 million Paycoin users and 150,000 merchants until the end. We promise to show that Paycoin’s payment platform is healthy and that we will proceed on building a successful global payment platform, including changing our Virtual Asset Service Provider License, resuming domestic(Korea) payment service, and getting listed on domestic(Korea) exchanges.

- from Paycoin team

About Paycoin

Paycoin is a blockchain project that is providing the virtual asset based payment service. As a subsidiary of “Danal” — an integrated payment solution provider — Danal Fintech provides virtual asset payment services based on Paycoin blockchain, which reduces the intermediaries in the existing payment process, enabling lower transaction fees and faster settlement cycles to merchants, and a safe and convenient payment environment to users. Paycoin is the first virtual asset that is being commercialized as payment in Korea, and we aim to lead this new payment market and drive adoption for the service.

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