Wemix is a platform that offers blockchain-based games and is compatible with the Ethereum Virtual Machine. Note that Wemix has a public chain where decentralized finance protocols and games can easily
join the network.
The network maintains the balance between decentralization, scalability, and security to solve these problems associated with the blockchain. Implement the variable gas rate formula based on EIP-1559 to
maintain this balance.
The network is powered by a Proof of Authority (SpOA) consensus mechanism based on Stake and is protected by 40 decentralized authority nodes. Wemix is an efficient and robust platform for innovative projects and applications
.
A few months ago, Wemix launched Wemix3.0, the service-oriented blockchain gaming ecosystem. It aimed to expand the existing functionality of the Wemix network to help players make money through games
.
Wemix 3.0 has mainly added three services to the platform: Wemix Play, Wemix Defi Service and NILE (NFT is Life Evolution). With Wemix Play, gameplay has improved dramatically. Now, players can pay with what they earn.
The Wemix Defi service offers highly secured on-chain swaps, crypto bonds, staking programs, and chain auctions. Basically, Wemix Defi Service is a financial platform that can be used on
the Wemix mainnet.
On the other hand, NILE allows users to use funds and facilitate access through the Neith protocol. It is an on-chain DAO (Decentralized Autonomous Organization) platform
.
What are the characteristics that distinguish Wemix?
- Wemix can host dapps, games, NFTs, DAOs, and Defi.
- It offers a permanent minting reward (PMR) of 1 WEMIX per block.
- The price of WEMIX gas is very low, i.e. 0.0000001 WEMIX.
- It offers a maximum throughput of 4000 transactions per second.
Wemix price prediction: What are Wemix tokens used for?
Wemix has a total supply of 1 billion and 74% of its sale is only through the Wemix ecosystem. Only 10% of the coins will be distributed through private sales
.
Below are the four main use cases of Wemix:
- WEMIX tokens are a medium of commerce for all the different activities on the Wemix platform.
- WEMIX tokens are used to exchange for game tokens from various other games and vice versa.
- Users can use WEMIX to purchase in-game resources.
- WEMIX coins can be used to finance developers who are about to complete their games, that is, developers can sell their game tokens for WEMIX and raise funds to develop the game.
Wemix announced the repurchase and mastering for WEMIX tokens
In the last tweet, a few days ago, Wemix announced the repurchase and mastering for the WEMIX mainnet and the WEMIX Classic tokens.
Note that the four major exchanges in Korea, including OKX, have ended transaction support for WEMIX coins. Therefore, the Wemix ecosystem is experiencing impaired growth
.
Therefore, the team decided to implement a Buyback and Burn campaign to protect their community. It is done for the purpose of deflationary tokenomics, that is, of reducing the number of tokens
to increase their value.
Wemix price prediction: competitor analysis
As we discussed, Wemix is a blockchain gaming platform. In addition to that, it also provides services such as the NFT marketplace, the decentralized exchange, the Wemix staking, and
the cryptocurrency wallet.
One of Wemix’s notable competitors is C2X, which was developed with the goal of setting a standard for the blockchain gaming industry. C2X is built on the Terra blockchain to offer an end-to-end solution for
blockchain gaming.
Users can seamlessly manage all their digital assets connected to C2X. In addition, users are privileged based on greater transparency and stability. The C2X network allows holders of CTX (its governance token
)
Wemix price performance
- Since the beginning of the year: +82.7%
- Last 1 year: -61.4%
- Since launch: +84.6%
Overall, Wemix could be said to be a moderate investment quality
WEMIX Price Prediction 2023-2030
- The Wemix 2023 price prediction is $1.09
- The Wemix 2024 price forecast is $1.42
- The Wemix 2025 price forecast is $2.02
- The Wemix 2026 price prediction is 2.72 dollars
- The Wemix 2027 price prediction is 3.22 dollars
- The Wemix 2028 price prediction is 4.22 dollars
- The Wemix 2029 price prediction is 5.92 dollars
- The Wemix 2030 price forecast is 8.52 dollars