The annual inflation rate of WEMIX token is 3.15%

Data shows that as of now, the annual inflation rate of WEMIX token is 3.15%. On January 9th, Wemix, a blockchain developer worth $2.65 billion, announced that they will stop block minting rewards in the first quarter of 2024. They will no longer issue new tokens and instead use the WEMIX tokens already held in the foundation's digital wallet to incentivize the ecosystem protocol. Wemix states that with the token burning mechanism based on Gas fees spent on the protocol, this new measure will transform the network into a deflationary blockchain.