What is Wemix Network (WEMIX)?
Wemix Network, also known as WEMIX3.0, is a decentralized public blockchain that is designed for service development. The network claims to be EVM-compatible, have an excellent throughput of 4000 transactions per second, allow only 1-second block interval, and be verified by 40 qualified node council partners.
The blockchain was created in 2018 by WEMADE, and gained a lot of recognition in 2021 when a free-to-play MMORPG called MIR4 was released on WEMIX3.0. The game got 20 million registered users in just four months.
How Wemix Network (WEMIX) Works
The mainnet of WEMIX3.0 utilizes a consensus mechanism known as Stake-based Proof of Authority (SPoA). This kind of consensus mechanism only lets authorized nodes to generate and verify new blocks, thereby improving the speed of the blockchain.
The ecosystem has three main services:
- WEMIX Play: a blockchain-based gaming platform
- NILE: DAO service
- WEMIX.Fi: DeFi service platform
There are two native tokens within the ecosystem, WEMIX and WEMIX$. The former is the governance and utility token, while the latter is a stablecoin collateralized by USDC.
How Many Wemix Network (WEMIX) Tokens Are in Circulation?
WEMIX does not have a hard cap on total supply. There are currently 251,265,793 WEMIX tokens in circulation.
How to Buy Wemix Network (WEMIX)
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Wemix Network (WEMIX) Resources
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