Blockchain-based beauty e-commerce platform SPIN Protocol was delisted on July 28th at Coinone exchange, a domestic cryptocurrency exchange. In response, investors are worried if there may be no exchange to sell SPIN tokens.

Coinone announced, “SPIN Protocol (SPIN), Fantom (FTM), and TROY had not resolved for designating cautious projects.” Three Coin deposits and transaction services will end at 3 pm on August 12th. Withdrawal support will end at 3pm on August 26th.

SPIN Protocol was designated as a cautious project at Coinone on June 10th damage due to the lack of transaction volume and increased risk of market manipulation. Coinone also mentioned, “it will propose an improvement plan for cryptocurrencies to stay listed and delisting cryptocurrencies if they do not improve in performances for more than two weeks.”

Since then, investors of the SPIN were frustrated because they could not contact the company regarding the coin disposal. The company closed their SNS accounts such as Twitter, Facebook, and telegram channels.

Blockmedia also asked for interview to hear from SPIN Protocol, but could not hear any response. Even after contacting Cosmochain company, who decided to acquire SPIN Protocol. We could not get any details about current status of SPIN Protocol.

On June 29th, Cosmochain made an announcement about their acquisition of the SPIN Protocol,  “We will issue a ‘new COSM’ through a hard fork of COSM and SPIN tokens.’ After the announcement, Cosmochain issued additional COSM coins without informing the to investors.

Cosmochain declared, “the acquisition of SPIN Protocol process will continue. We are communicating with SPIN once a day. ” Then it said the SPIN Protocol designated as cautious project in Coinone has nothing to do with Cosmochain.

번역: 김동우