The live price of WEMIX (WEMIX) today is 0.812971 USD, and with the current circulating supply of WEMIX at 411,544,486.16 WEMIX, its market capitalization stands at 334,573,870 USD. In the last 24 hours WEMIX price has moved -0.011338 USD or -0.01% while 925,088 USD worth of WEMIX has been traded on various exchanges. The current valuation of WEMIX puts it at #173 in cryptocurrency rankings based on market capitalization.
Learn more about the WEMIX blockchain network and how it works or follow the price of its native cryptocurrency WEMIX and the broader market with our unique COIN360 cryptocurrency heatmap.
WEMIX is the coin of WEMIX, a decentralized cryptocurrency platform built from a fork of the Ethereum blockchain that aims to revolutionize the GameFi industry through interconnectivity.
Through the WEMIX ecosystem, users can enjoy a seamless gaming experience across various titles, all coming from the same WEMIX ecosystem. This approach creates a positive feedback loop where the life cycle of games are extended and developers are enabled to create new content constantly.
WEMIX utilizes a Stake-based Proof of Authority consensus mechanism, a hybrid of Proof-of-Stake (PoS) and Proof-of-Authority (PoA). This mechanism allows a maximized throughput of 4,000 transactions per second while also ensuring the highest level of security is maintained across every transaction.
Beyond this, WEMIX offers an array of services within their ecosystem, not only developing games but also implementing other products within their framework that help create a synergistic environment that brings benefits to users and projects alike. Some of their key components are:
WEMIX was founded and developed in 2018 by Wemade Tree, a South Korean gaming service company. Wemade Tree holds the IP of more than 40 renowned game titles, including ChuanQi, an extremely popular title in China with 500 million users. . Wemade Tree is also publicly listed at the Korean Stock Exchange and has provided their services to the Korean gaming industry for more than 23 years.
In August 2021, WEMIX launched one of the first commercially successful MMORPGs based in blockchain, Mir4. This groundbreaking title made its way into the Android, iOS, Windows, and Mac platforms, and was especially well received on Window’s top video game digital distribution service, Steam, reaching over 90 thousand players in its peak.
Capitalizing on Mir4’s success, WEMIX further developed its coin and launched WEMIX2.0. This transition helped propel the mass adoption of blockchain technology onto other games and helped WEMIX become one of the pillars of Play-and-Earn (P&E).
Now, WEMIX has been further refined into WEMIX3.0, designed to be an experience-based, platform-driven, and service-oriented ecosystem that caters to its global community through its services and platforms, all the while maintaining its platform’s signature seamlessness and interoperability.
WEMIX distinguishes itself from other blockchain platforms through several unique features:
These features combined helped elevate WEMIX to where it is now, a leading position in the blockchain gaming space.
WEMIX is available for purchase on several cryptocurrency exchanges. Below are some popular platforms where you can buy WEMIX:
Reasons for investing in WEMIX | Reasons against investing in WEMIX |
---|---|
Gaming-oriented: WEMIX is a specialized ecosystem for blockchain games that provides support for all titles under their umbrella, allowing seamless exchanges of supported game tokens and helping prolong game economies through interoperability. | Competition: The cryptocurrency market, GameFi in particular, is highly competitive. Several other established platforms (like Ronin) stands to offer similar features and capabilities. |
Stake-based Proof of Authority: WEMIX uses Stake-based Proof of Authority (SPoA), combining Proof-of-Stake (PoS) and Proof-of-Authority (PoA) to further increase scalability and security. | Regional Restrictions: Users that live in countries with strict regulations for cryptocurrency may find it difficult to use the full array of services of WEMIX (like Singapore). |
Infrastructure Development: WEMIX plans to launch WEMIX Kanvas, a Layer 2 solution equivalent to Ethereum's EVM, that utilizes zero knowledge test (ZKP) to further optimize user privacy, scalability, and security. |
WEMIX Price | 0.812971 USD |
Market Rank | #173 |
Market Cap | 334,573,870 USD |
24h Volume | 914,619 USD |
Circulating Supply | 411,544,486.16 WEMIX |
Max Supply | 590,000,000 WEMIX |
Yesterday's Market Cap | 340,078,816 USD |
Yesterday's Open / Close | 0.837729 USD / 0.826391 USD |
Yesterday's High / Low | 0.854596 USD / 0.817323 USD |
Yesterday's Change | -0.01% ( 0.011338 USD ) |
Yesterday's Volume | 925,087.94 USD |