'Delisting Today' Quiztok, Plummets 75% Intraday

Uk Jin

Summary

Quiztok (QTCON) reportedly plunged 76.58% intraday ahead of its delisting.
The Digital Asset eXchange Alliance announced that it decided to end trading support for the project due to a lack of business feasibility and sustainability.
Quiztok, a Kimchi Coin issued in South Korea, recorded about 99.61% of its 24-hour trading volume on Bithumb.

The virtual asset (cryptocurrency) Quiztok (QTCON) is experiencing a steep decline during trading.

As of 8:27 AM (KST) on the 25th, Quiztok is trading at 0.062₩ on the cryptocurrency exchange Bithumb, down by 76.58% compared to the previous day. At the same time, Quiztok is trading on the Upbit USDT market at 0.000029 USD, down 49.12% from the previous day.

Quiztok is scheduled to be delisted on both exchanges at 15:00 this afternoon. The Digital Asset eXchange Alliance (DAXA) stated that the reason for ending trading support for Quiztok is that "the foundation's explanatory materials alone were not sufficient to resolve the grounds for caution," and added, "After a comprehensive review of project development, business feasibility, and sustainability, we determined that Quiztok does not meet the standards for continued trading support, so we have decided to terminate trading support."

Quiztok is a so-called 'Kimchi Coin' issued in South Korea. In fact, approximately 99.61% of Quiztok's trading volume over the past 24 hours occurred on Bithumb, with the remaining 0.39% on Coinone, Upbit, and other exchanges.

QTCON