WEMIX Token Price Chart Update [WEMIX]

Introduction to WEMIX Token

WEMIX Token is an innovative blockchain ecosystem designed to revolutionize the world of blockchain-based games and DApps. It aims to overcome challenges such as high gas fees and slow transaction speeds by implementing a hybrid structure of private and public blockchains connected by intermediary chains. This unique approach enhances the scalability of on-chain gaming and accommodates the increasing number of games in the ecosystem.

Moreover, WEMIX Token simplifies the adoption of blockchain technology for traditional game developers. It provides middleware that handles blockchain-related functions and minimizes the need for extensive modifications to existing games. Additionally, the platform offers crowdfunding solutions to reduce development costs and make it easier for new users to enter the gaming space.

With a target audience of one billion gamers in the traditional gaming sector, WEMIX Token is dedicated to achieving mass adoption of blockchain gaming by providing user-friendly solutions tailored to gamers' needs.

Founders of WEMIX Token

The development of WEMIX Token is led by Wemade Tree, a subsidiary of Wemade, a highly experienced South Korean video game developer with a successful track record spanning over two decades. Wemade is renowned for its exceptional games like Legend of Mir and has made significant investments in promising Korean game development companies.

Founded in the year 2000, Wemade boasts a strong history of game development and has launched numerous successful titles.

Unique Features of WEMIX Token

The WEMIX Token ecosystem consists of service chains, a public chain, and a bridge chain. Service chains, which are private blockchains, prioritize the efficient processing of mass transactions to solve the scalability issue in games and DApps. On the other hand, the public chain handles monetary transactions, while the bridge chain facilitates seamless transfer and comprehensive management of game assets.

WEMIX Token offers trade delegators as middleware, which handle trades on behalf of users and minimize the complexities associated with interacting with smart contracts. The platform also provides its own wallet for easy exchange between WEMIX Token and game-specific tokens. Additionally, binders, another type of middleware, connect existing games to blockchain processes, integrating them seamlessly into the ecosystem.

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Circulation of WEMIX Token

WEMIX Token serves as the primary medium of trade within the platform. Users have the ability to exchange in-game tokens to WEMIX Token and vice versa. They can also utilize the token for purchasing in-game assets. Furthermore, developers can crowdfund their games by pre-selling tokens in exchange for WEMIX Token.

While staking WEMIX Token is possible, it is not mandatory for participating in games within the ecosystem. The total supply of WEMIX Token is 1 billion, with distribution allocated to the ecosystem, private sale, team and advisors, and marketing purposes.

Security of WEMIX Network

The WEMIX Network utilizes Klaytn as its public blockchain. Klaytn is a prominent South Korean-based project and implements an optimized version of the Istanbul Byzantine Fault Tolerance consensus mechanism. It incorporates Practical Byzantine Fault Tolerance (PBFT) with certain modifications. In this system, validator eligibility requires meaningful contributions from participants, and proof-of-contribution is introduced as a key aspect of the network.

Where to Buy WEMIX Token

Currently, information on where to purchase WEMIX Token is not available. Kindly stay tuned for updates.