JPEX crypto exchange launches asset lock-up plan, some users cry foul By Cointelegraph

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Embattled crypto exchange JPEX has pushed ahead with a plan that will purportedly transition the platform into a decentralized autonomous organization (DAO) and convert user assets to dividend shares with an incentive to lock them up for two years.

An Oct. 4 announcement from JPEX said voting for its DAO shareholder dividend program was completed on Sept. 28, claiming 68% of users voted in favor of the scheme.

Example of JPEX’s DAO dividend scheme repurchase options. Source: JPEX