Wemade Co., Ltd
Seoul, South Korea, April 20 /PRNewswire/
- Easily check the progress of the burn and deflation status via the WEMIX BURN Platform
- Realization of deflationary WEMIX tokenomics through three types of combustion: Mass, Charge and Auto Burn
- Long-term healthy growth and value enhancement of the WEMIX3.0 mainnet mega-ecosystem by creating a balance between issuance and reduction of WEMIX
The world’s leading blockchain developer WEMIX has introduced the WEMIX BURN platform to promote the healthy growth of the WEMIX3.0 mainnet mega-ecosystem through a balance between issuance and reduction through the WEMIX BURN program. The WEMIX BURN platform allows investors, WEMIX owners and community members to easily check the details of each token burn, while the WEMIX BURN program is divided into three tiers – Mass Burn, Batch Burn (Charge Burn) and Auto Burn.
Mass Burn
- Burning based on total issuance volume: In line with the foundation’s policy, the foundation’s holdings will be burned to keep the total issuance volume below 1 billion WEMIX.
- 1. Mass burn amount: 71,302,181 WEMIX.
- Price Dependent Combustion: In accordance with the Foundation’s policy, the price cap will be set at $200 and 1% of the total issuance volume will be removed from the Foundation’s treasury, on condition that the previous cap price is renewed after the subdivision of sections of different price ranges into $10 units.
- 2. Mass Burn Amount: 20,000,000 WEMIX Classic (with a maximum price of $21.50 by CoinMarketCap standards).
- Next Price of Burn: $30.00.
Chargenverbrennung (Batch Burn)
- The batch incineration aims to return a portion of the WEMIX Foundation’s investment returns to the community and market.
- Along with the implementation of the WEMIX BURN program, revenue equalization, buyback and incineration will be carried out on a quarterly basis.
- As of March 9, 2023, 3 burns have removed a total of 15,392,444.22 WEMIX.
- Priority fees burned prior to the transition to phase 2 of the WEMIX3.0 mainnet are classified as batch burn. As of May 10, 2023, a total of 1,777 WEMIX have been burned.
Auto Burn
- The automatic combustion will be performed in such a way that the volume of the combustion will increase according to the growth of the WEMIX3.0 mainnet and platform.
- Transaction Fee Burn:
- Service Revenue Burn: 25% of all revenue from currently provided services will be burned to balance the WEMIX tokenomics.
- Services rendered: WEMIX PLAY, WEMIX.Fi, NILE
-
- The basic charges are burned in real time.
- The priority fees will be burned in real time after moving to phase 2 of WEMIX3.0 mainnet.
-
- *KLEVA will be added at a later date after the establishment of the service system.
WEMIX plans to achieve deflationary tokenomics through a balance between issuance and burn based on the three burn types of the WEMIX BURN program while increasing the value of the mega-ecosystem. For more information, see https://wemixburn.com/.
Information about WEMIX
WEMIX, the blockchain subsidiary of renowned Korea-based game development company Wemade, is accelerating the adoption of blockchain technology by building an experience-based, platform-driven, and service-centric mega-ecosystem that offers a wide range of intuitive, convenient, and easy-to-use Web3 services offers for everyone. www.wemix.com
Photo – https://mma.prnewswire.com/media/2074768/WEMIX_launches_WEMIX_BURN_Platform.jpg
Logo – https://mma.prnewswire.com/media/1867226/wemix_logo_Logo.jpg
View original content: https://www.prnewswire.com/news-releases/wemix-stellt-die-wemix-burn-plattform-vor-um-ein-gesundes-und-langfristiges-wachstum-des-wemix3-0-mega-okosystems-zu-unterstutzen-301822559.html
Press contact:
Kevin Foo,
[email protected]
Original content from: Wemade Co., Ltd, transmitted by news aktuell
