WEMIX

WEMIX Price

About WEMIX (WEMIX)

WEMIX is a high-performance, EVM-compatible Layer 1 blockchain ecosystem designed to power a global gaming and decentralized application economy.

• WEMIX PLAY serves as a massive blockchain gaming platform hosting hundreds of thousands of active users and popular titles like NIGHT CROWS and MIR4.
• The WEMIX3.0 mainnet utilizes a Proof of Stake consensus mechanism to provide high throughput and low-cost transactions for its ecosystem.
• Wepublic offers a transparent DAO platform that enables community-driven projects, sports initiatives, and social contribution efforts.

What Is WEMIX

WEMIX is a comprehensive blockchain ecosystem developed by Wemade, a major South Korean game developer. It aims to bridge the gap between traditional gaming and decentralized finance by providing a robust infrastructure for developers and users alike. The core of the project is the WEMIX3.0 mainnet, which supports a wide array of services including decentralized exchanges, NFT marketplaces, and gaming hubs.

Value moves through the system as users interact with various decentralized applications (dApps) and games. The WEMIX token is put to work as the primary medium of exchange, a tool for staking to secure the network, and a means to pay for transaction fees. As the ecosystem grows, the demand for WEMIX is designed to scale with the increasing number of games and services integrated into the platform, fostering a circular economy where in-game assets can be traded and utilized across different titles.

What Makes WEMIX Unique

• Ecosystem Depth: Unlike many niche gaming blockchains, WEMIX provides a full-stack infrastructure including a dedicated gaming platform (WEMIX PLAY), a DAO management system (Wepublic), and a staking hub (WEMIX STAKE).
• Established Backing: The project is backed by Wemade, an experienced game development company with a long history in the global gaming market.
• EVM Compatibility: By being compatible with the Ethereum Virtual Machine (EVM), WEMIX allows developers to easily port existing dApps and tools from the Ethereum ecosystem to its smart contract platform.
• WONDER Staking: The network's governance and security are managed by WONDERs (Node Council Partners), which are reputable global companies and organizations contributing to the chain's growth.

What Can You Use WEMIX for?

• Network Gas Fees: Users pay WEMIX to cover the cost of executing transactions and smart contracts on the WEMIX3.0 mainnet.
• Staking Rewards: Token holders can participate in WONDER Staking to help secure the network and earn a share of the block rewards.
• Governance: WEMIX is used within the Wepublic platform to participate in DAO governance and decision-making processes for various community projects.
• Ecosystem Utility: The token serves as a bridge for trading in-game currencies across the WEMIX PLAY platform and purchasing NFTs within the ecosystem.

How Does WEMIX Work?

WEMIX3.0 is a Layer 1 blockchain that employs a Proof of Stake consensus mechanism. This method selects validators based on the amount of tokens they stake, ensuring network security while maintaining energy efficiency. The network is designed for high performance, utilizing a SPoA (Stake-based Proof of Authority) model where a set of 40 Node Council Partners, known as WONDERs, are responsible for block production and validation.

As an EVM-compatible chain, WEMIX supports smart contracts written in Solidity, the most widely used language for decentralized applications. This compatibility ensures that the network can support a vast array of DeFi protocols and NFT standards. Users pay gas fees in WEMIX for every transaction, which are then distributed to the validators and the ecosystem fund to sustain the network's long-term operations.

Team Info and Investors

WEMIX was launched by Wemade, a prominent South Korean video game developer known for the "Legend of Mir" series. The project's governance is decentralized through its Node Council Partners (NCP), which include major technology and blockchain firms that participate in the network's consensus and decision-making. While specific early venture backing details for the token itself are not explicitly detailed in the primary source material, the project leverages Wemade's significant corporate resources and industry partnerships to drive adoption.

Where can you buy WEMIX?

WEMIX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade WEMIX is Gate, where the most active trading pair WEMIX/USDT has a trading volume of $30,288.01 in the last 24 hours. Other popular options include Biconomy.com and MEXC.

What is the daily trading volume of WEMIX (WEMIX)?

The trading volume of WEMIX (WEMIX) is $446,743.13 in the last 24 hours, representing a -4.50% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for WEMIX (WEMIX)?

WEMIX (WEMIX) reached an all-time high of $24.71 and an all-time low of $0.1284. It’s now trading -99.20% below that peak and 52.70% above its lowest price.

What is the market cap of WEMIX (WEMIX)?

Market capitalization of WEMIX (WEMIX) is $97,915,629 and is ranked #300 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of WEMIX tokens (500 Million tokens are tradable on the market today).

What is the fully diluted valuation of WEMIX (WEMIX)?

The fully diluted valuation (FDV) of WEMIX (WEMIX) is $109,833,823. This is a statistical representation of the maximum market cap, assuming the maximum number of 590 Million WEMIX tokens are in circulation today. Depending on how the emission schedule of WEMIX tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of WEMIX compare against its peers?

With a price increase of 0.70% in the last 7 days, WEMIX (WEMIX) is underperforming the global cryptocurrency market which is up 4.40%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 3.60%.