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NEOPIN To Abstain From Participating In The KGP-14 Proposal Voting

Twitter icon  •  Published il y a 7 mois  •  Hassan Maishera

The NEOPIN team has decided against participating in the KGP-14 proposal voting due to the total number of community votes reaching only 32%.

TL;DR

  • The NEOPIN team has decided against participating in the GC vote for the KGP-14 proposal.

  • NEOPIN seeks to provide its users with greater trust and stability through the implementation of regulatory frameworks.

NEOPIN To Abstain From The KGP-14 Proposal Voting

The NEOPIN team informed its community members via X (formerly Twitter) on Monday that it won't be participating in the GC vote for the KGP-14 proposal. 

The team explained that it made this decision due to the total number of community votes reaching only 32%, which does not meet the minimum required votes on NEOPIN.

NEOPIN is a specialized blockchain company making a CeDeFi platform that has the goal of providing its users with greater trust and stability through the implementation of regulatory frameworks. Currently supports Ethereum, Polygon, Cosmos, Klaytn, Finschia and Tron.

NEOPIN Operates With Regulatory Compliance

According to the team, NEOPIN differs from its competitors in that its platform is regulatory compliant in nature while keeping all financial services completely decentralized & on-chain with its in-house built non-custodial wallet.

The platform takes advantage of CeFi and DeFi to enable users to access decentralized finance products securely by undergoing a KYC/AML process through a two-step verification (both in-house and external) in order to have full access to NEOPIN services, including a non-custodial wallet and various DeFi staking and yield farming. 

To further establish NEOPIN’s credibility and reliability, the team has applied for a license from a regulatory body in Abu Dhabi (ADGM FSRA) with support from both the Korean and UAE governments, putting the platform in a unique position as a CeDeFi service provider.

According to data obtained from Coinmarketcap, NEOPIN has a total market cap of $300 million. Furthermore, NEOPIN’s Total Value Locked (TVL) stands at $119 million. Of the $119 million, $92 million is on the EOS blockchain, $15 million is on EVM chains, and $12 million is on the Finschia chain.

NEOPIN has a total of 35 team members, with most of them in Abu Dhabi, United Arab Emirates & Seoul, South Korea. As a project, NEOPIN targets customers in MENA, Asia and EU countries.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.