About WEMIX
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Frequently Asked Questions
What Is WEMIX3.0 (Mainnet)?
Read MoreWEMIX3.0 mainnet is an “experience-based, platform-driven & service-oriented decentralized blockchain protocol” which powers a “mega-ecosystem” of web 3.0 platforms. The mainnet is a high-performance Ethereum Virtual Machine (EVM) compatible open-source protocol powered by the SPoA (Stake-based Proof of Authority) consensus mechanism. The mainnet claims to offer the highest security possible, based on decentralized on-chain governance via 40 Node Council Partners(NCP), also known as 40 WONDERS, while still ensuring high transaction per second (TPS). Consensus will evolve towards complete decentralization through a multi-phase democratized governance.
What Is WEMIX?
Read MoreWho Are the Founders of WEMIX?
Read MoreWEMIX was founded in 2018 by WEMADE TREE(now Wemix PTE. LTD.), a subsidiary company of WEMADE, and began the journey with a solid vision to create a blockchain gaming platform servicing various games, connecting the in-game and the real world economy via tokenomics.
In August of 2021, WEMADE launched the flagship title, MIR4, on the WEMIX platform, triggering an unprecedented paradigm shift in the gaming industry. MIR4 has achieved unequaled success only four months into launch with more than 1.4M concurrent users and 20M cumulative registered users from more than 170 countries worldwide.
WEMIX has spearheaded the P2E market ever since. On October 20th 2022, WEMADE released WEMIX3.0, its own independent blockchain network, to further enhance the mega-ecosystem and establish WEMIX Coin as a key currency in the blockchain industry.
What Makes WEMIX Unique?
Read MoreWEMIX 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.
How Is the WEMIX Network Secured?
Read MoreWEMIX is a high-performance EVM-compatible open-source protocol powered by the SPoA (Stake-based Proof of Authority) consensus algorithm, which is secured by 40 decentralized authority nodes (40 WONDERS), operated by highly-qualified global partners.
WEMIX also applies the variable total gas fee formula which is part of EIP-1559, an implementation of the transaction pricing mechanism dynamically expanding and contracting gas prices intended to deal with momentary transaction spikes in the network. The mechanism simply makes it so that continuous attempts at malicious network spams inevitably become too expensive and therefore impractical for attackers, functioning as a reinforced security layer within the ecosystem.
Where Can You Buy WEMIX?
What is the all-time high price of WEMIX (WEMIX)?
Read MoreThe all-time high of WEMIX was 24.68 USD on 2021-11-22, from which the coin is now down 95.38087520259319%. The all-time high price of WEMIX (WEMIX) is 24.68. The current price of WEMIX is down 95.38087520259319% from its all-time high.
How much WEMIX (WEMIX) is there in circulation?
Read MoreAs of
, there is currently 363.75M WEMIX in circulation. WEMIX has a maximum supply of 980.00M. What is the market cap of WEMIX (WEMIX)?
Read MoreThe current market cap of WEMIX is 415.01M. It is calculated by multiplying the current supply of WEMIX by its real-time market price of 1.14.
What is the all-time low price of WEMIX (WEMIX)?
Read MoreThe all-time low of WEMIX was 0.12754054
, from which the coin is now up 793.833443076217%. The all-time low price of WEMIX (WEMIX) is 0.12754054. The current price of WEMIX is up 793.833443076217% from its all-time low. Is WEMIX (WEMIX) a good investment?
Read MoreWEMIX (WEMIX) has a market capitalization of $415.01M and is ranked #167 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze WEMIX (WEMIX) price trends and patterns to find the best time to purchase WEMIX.