WEMIX3.0 mainnet is a decentralized blockchain protocol that powers a web 3.0 ecosystem of platforms. The mainnet is open-source and compatible with Ethereum Virtual Machine (EVM), and it's powered by the SPoA consensus mechanism. The protocol offers high security through decentralized on-chain governance via 40 Node Council Partners. This ensures high transaction per second (TPS) while still maintaining security. The consensus will eventually evolve towards complete decentralization through a multi-phase democratized governance approach.

What Is WEMIX?

WEMIX is a digital coin used as a means of payment and exchange for gas fees in the WEMIX mega-ecosystem. The coin is minted with every subsequent block generated, and the PMR (Permanent Minting Reward) is distributed among the Node Council Partners (50%), the ecosystem fund (25%), and maintenance (25%).

What Makes WEMIX Unique?

The WEMIX mega-ecosystem consists of various platforms and components that are both individually functional and collectively aligned to contribute to its growth and expansion. These platforms include WEMIX Play, which is a gaming platform with pay-and-earn options for gamers; NILE, a community platform powered by DAO that facilitates project creation and management; WEMIX.Fi, a DeFi platform that offers transparent and secure financial services; WEMIX$, a stablecoin protocol with 100% collateralization of assets; WEMIX Wallet, a decentralized wallet for managing crypto-assets; WEMIX Explorer, which consists of a Macroscope and Microscope for data collection and analysis; Papyrus, a token-based communication tool; and 40 WONDERS, a group of technology and ecosystem sponsors that ensure governance and security for the WEMIX network.

How Is the WEMIX Network Secured?

WEMIX is a decentralized protocol that runs on the SPoA (Stake-based Proof of Authority) consensus algorithm, ensuring high performance and security. It is supported by 40 decentralized authority nodes, called 40 WONDERS, which are operated by a team of highly qualified global partners. WEMIX implements the variable total gas fee formula, which is part of an implementation of a transaction pricing mechanism. This mechanism dynamically expands and contracts gas prices to deal with momentary transaction spikes within the network. This reinforced security layer makes it impractical for attackers to continuously attempt malicious network spams.

Who Are the Founders of WEMIX?

WEMIX PTE. LTD., a subsidiary of WEMADE, founded WEMIX in 2018 with a clear vision to develop a blockchain gaming platform that connects in-game and real-world economies via tokenomics. Since then, WEMIX has led the P2E market. On October 20, 2022, WEMADE launched WEMIX3.0, an independent blockchain network, to strengthen the mega-ecosystem and establish WEMIX Coin as a significant currency in the blockchain industry.

coin.about_expand

what_is.current_price:

$0.7520what_is.more_price_detail

what_is.price_high:$24.68

what_is.price_low:$0.1275

what_is.supply_title

what_is.circulate_supply:412,619,000 WEMIX

what_is.total_supply:532,212,839.34 WEMIX

what_is.max_supply:590,000,000 WEMIX

what_is.market_cap:$310.29M

what_is.fully_cap:$443.68M

what_is.token_allocation:

Ecosystem

74.00%

Private

10.00%

Team

9.00%

Marketing

7.00%

what_is.tokenomics:

what_is.token_uniqueness

WEMIX and the mega-ecosystem contains individually functional and collectively aligned key platforms and components that directly contribute to its growth and expansion.

The ecosystem contains:

WEMIX Play: Claimed to be world's largest and fastest play-and-earn (P&E) gaming platform home to numerous multi-genre games from all over the world that implements the "pay" segment into the experience cycle of global gamers.

NILE: The next-generation DAO-powered community platform built for the creation, facilitation, and management of projects through the Neith Protocol (programmable smart contract mechanism), innovating opportunities realized through collective potential.

WEMIX.Fi: The official DeFi platform that provides secure and transparent services for users such as swap , staking , pool , borrow, bridge and more. With high TPS and low gas fees, WEMIX.Fi claims to ensure the best experience with reliable financial services.

WEMIX$: The official stablecoin protocol with 100% collateralization of on-chain and off-chain secure assets such as USDC and Fiat currencies, adhering to the philosophy that quantitative growth of WEMIX$ leads to the qualitative growth of WEMIX.

WEMIX Wallet: The decentralized native wallet of WEMIX that provides experience-centric services in managing funds and crypto-assets without the need of custody over them; the wallet is a non-custodial crypto wallet designed to provide users sole control over their private keys .

WEMIX Explorer: There are two components to the WEMIX Explorer, the Macroscope and the Microscope. The Macroscope of WEMIX is the collection of data that directly influences the growth of the ecosystem as a whole, whereas the Microscope analyzes activities including detailed transactions and block validations within the WEMIX blockchain network — known as a blockchain explorer .

Papyrus: Papyrus is a seamless token-based communication tool that connects people with common interests based on the tokens and NFTs the users hold.

40 WONDERS: Also known as Node Council Partners(NCP), 40 WONDERS is constituted by technology sponsors and ecosystem sponsors that represent the interests of the WEMIX community as a whole, and secure WEMIX network via governance.

what_is.token_utility

WEMIX is the native coin of WEMIX3.0 with utility and governance functions. It is ERC20-based, which can be used as a medium of exchange and payment method (e.g. gas fee) on the WEMIX mainnet.

WEMIX was initially deployed on Klaytn, and the token has been converted to WEMIX coin on the WEMIX3.0 mainnet. The original token is renamed WEMIX Classic.