$0.1814

WEMIX3.0 is a mainnet described as an experience-focused, platform-driven, and service-oriented decentralized blockchain protocol, supporting a broad web 3.0 ecosystem. It is an open-source, EVM-compatible network using the Stake-based Proof of Authority (SPoA) consensus. The network is secured by 40 Node Council Partners, called the 40 WONDERS, which provide decentralized on-chain governance and enable high transaction throughput. The consensus mechanism is designed to gradually move toward full decentralization through a multi-phase governance process.

WEMIX serves as the native coin of the WEMIX mega-ecosystem, functioning as the primary exchange medium and payment for gas fees. Following the 'Brioche' hard fork, its tokenomics were updated to create a sustainable ecosystem. The total supply was permanently reduced and capped at 590 million WEMIX. The hard fork also introduced a block minting halving mechanism, known as the Permanent Minting Reward, which reduces the minting rate over time. Initially, 1 WEMIX per block was minted, but the first halving cut annual issuance to about 15 million, with further reductions every two years.

WEMIX was established in 2018 by WEMADE TREE, now known as Wemix PTE. LTD., a subsidiary of WEMADE, with the goal of creating a blockchain gaming platform that connects in-game economies with the real world through tokenomics. In August 2021, WEMADE launched MIR4 on the platform, achieving notable success with over 1.4 million concurrent users and 20 million registered users globally within four months. In October 2022, WEMIX3.0, an independent blockchain network, was released to expand the ecosystem and strengthen WEMIX as a key digital currency.

WEMIX's uniqueness lies in its integrated mega-ecosystem, which includes several key platforms. WEMIX Play is a play-and-earn gaming platform hosting various games globally. NILE is a DAO-based community platform for project creation and management using the Neith Protocol. WEMIX.Fi offers decentralized finance services like swapping, staking, and borrowing, with high transaction speeds and low fees. WEMIX$ is a stablecoin protocol backed by secure assets such as USDC and fiat currencies. Additionally, WEMIX Wallet provides secure storage and management for users.

The WEMIX network uses the Stake-based Proof of Authority (SPoA) consensus algorithm, secured by 40 decentralized authority nodes known as the 40 WONDERS, operated by selected global partners. It also incorporates EIP-1559's variable gas fee mechanism, which adjusts transaction fees dynamically to handle network spikes. This pricing model makes continuous spam attacks costly and impractical, adding an extra layer of security to the network.

WEMIX is available for trading on several popular cryptocurrency exchanges, including KuCoin, Gate.io, Huobi, Bybit, Bitget, Crypto.com, and MEXC. For a complete list of platforms where WEMIX can be bought or sold, users can refer to the provided exchange listing.