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Hong Kong Legislative Council member Huang Junshuo reminds that JPEX's dividend plan carries risks: users becoming shareholders may lead to debt burdens

2023-09-24 11:20:02
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ChainCatcher news reports that the unlicensed virtual asset trading platform JPEX recently proposed a "DAO Stakeholder Dividend Plan" and claimed that 70% of users participating in the referendum agreed on the first day.

Hong Kong Legislative Council member Huang Jun-shuo reminded that under the plan, investor dividends can be a maximum of 49%, which means that the decision-making power still lies with JPEX. Investors should be particularly cautious, as transitioning from creditors to shareholders does not guarantee the recovery of investment funds; if the company incurs debts, it could lead to users being "burdened with debt."

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