📉 Crypto exchange JPEX has unveiled a plan to become a decentralized autonomous organization (DAO) and convert user assets into dividend shares with a two-year freeze.

• Voting on the “DAO Shareholder Dividend Scheme” ended on September 28, with 68% of users supporting the initiative.

• Users can exchange their frozen assets for DAO dividends at a 1:1 rate.

• After one year, users can sell back the converted assets for 30% of the original price or choose a full 100% buyback after two years.

However, there have been reports of assets being converted without user permission. One user said that all his cryptocurrencies had disappeared.