The WEMIX Foundation has launched its WEMIX PAY Buyback Plan, a key initiative aimed at creating a deflationary token economy and delivering long-term value to its community. This plan aligns with the foundation’s broader commitment to sustainable growth and ecosystem expansion.
WEMIX PAY Buyback Plan Details:
- Volume: 4% to 5% of revenue generated through WEMIX PAY will be allocated for the buyback.
- Method: Time-Weighted Average Price (TWAP) Order to minimize market impact.
- Period: Minimum 3 weeks, up to 1 year, commencing within one month of the buyback initiation.
The buyback fund will consist of 4% to 5% of the previous month’s WEMIX PAY revenue, including all forms of payments made through the platform. The start date is generally set within the month following the revenue period but may be adjusted based on operational factors.
Strengthening the WEMIX Ecosystem:
This initiative follows a series of strategic moves aimed at expanding the WEMIX ecosystem:
- WEMIX PAY Launch: Establishing a foundation for deflationary tokenomics.
- WEMIX PLAY Webshop Expansion: Integrating in-game assets to enhance utility.
- Integration of NIGHT CROWS and MIR4: Strengthening the ecosystem’s player base.
- PLAY Token Issuance: Adding value and utility to the ecosystem.
The WEMIX Foundation remains committed to continuous innovation and community-driven growth, aligning its efforts with the evolving needs of its users.
Future updates on the WEMIX PAY Buyback Plan will be shared as they become available.
For more information, visit the WEMIX website .
