WEMIX
$0.30

WEMIX (WEMIX) Price

$0.30

WEMIX (WEMIX) Price Today

The live price of WEMIX is 0.30 USD. In the past 24 hours, the trading volume of WEMIX was 980,735.63 USD, up by 0.07%. The current price has decreased by -1.64% from its 7-day high of 24.71 USD, and increased by 0.12% from its 7-day low of 0.30 USD. With a circulating supply of 552,473,209.54 WEMIX, the market cap of WEMIX is currently 371,145,106.00 USD, down by 0% in the last 24 hours. WEMIX currently ranks #210 by market capitalization among cryptocurrencies.

WEMIX (WEMIX) Market Data

Market Cap
$142.6M
24h Volume
$980.7K
Circulating Supply
462.2M WEMIX
Maximum Supply
590M WEMIX
Fully Diluted Market Cap
$170.5M
Liquidity Indicator
0.69%
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About WEMIX (WEMIX)

How can I buy WEMIX (WEMIX)?

Buying WEMIX (WEMIX) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase WEMIX (WEMIX) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy WEMIX Guide for more information.

What Is WEMIX (WEMIX) and How Does It Work?


WEMIX (WEMIX) is the native utility token of the WEMIX ecosystem, a blockchain platform developed by South Korea–based game company Wemade to power Web3 gaming, decentralized finance (DeFi), NFTs, and digital communities. At its core, WEMIX is designed to support a large-scale, game-centric blockchain economy where players, developers, and platforms can interact, transact, and earn value transparently.

WEMIX operates on WEMIX3.0, an EVM-compatible public blockchain that uses a Stake-based Proof of Authority (SPoA) consensus mechanism. The network is secured by selected Node Council Partners (NCPs), which helps balance performance, scalability, and decentralization. This structure allows WEMIX3.0 to process transactions efficiently while remaining compatible with Ethereum-based smart contracts and tools.

Within the ecosystem, WEMIX is used to pay transaction fees, participate in governance, access DeFi services through WEMIX.Fi, trade NFTs, and support blockchain games published on WEMIX PLAY. By linking gaming, DeFi, and on-chain infrastructure under one token economy, WEMIX aims to create a sustainable Web3 platform where in-game assets and digital rewards have real economic utility beyond individual applications.

When Did WEMIX Network Launch?


WEMIX was created by Wemade, a South Korean video game developer founded in 2000 by Kwan Ho Park, known for the popular Legend of Mir series of MMORPGs. The WEMIX token first entered the crypto market in 2020, initially operating on the Klaytn network as a gaming token designed to integrate blockchain economics into gaming and digital assets. As the project evolved, WEMIX transitioned into a full blockchain ecosystem to support gaming, DeFi, and NFTs.

The WEMIX3.0 mainnet, the core public blockchain of the ecosystem, was officially launched on October 20, 2022, marking its transition to an independent, high-performance EVM-compatible Layer-1 network using the SPoA consensus mechanism. Alongside the mainnet launch, the token ecosystem and key services such as WEMIX.Fi and the updated WEMIX PLAY platform were introduced, with the original WEMIX token rebranded as WEMIX Classic thereafter.

WEMIX Roadmap Highlights


- 2018–2020: WEMIX project inception and initial token release on Klaytn.

- July 1 2022: WEMIX3.0 testnet rollout begins.

- October 20 2022: WEMIX3.0 mainnet goes live with WEMIX coin issuance.

- Nov 2022: Launch of DeFi services and multichain bridge initiatives.

- 2023: Migration of WEMIX PLAY fully onto mainnet; ecosystem expansion.

- 2024–2025: Continued platform upgrades, new games, payment systems, and ecosystem growth events.

What Is the WEMIX Token Used for?


The WEMIX (WEMIX) token is the core utility asset of the WEMIX ecosystem, used to pay network transaction fees, participate in on-chain governance, and secure the network through staking-related mechanisms under the SPoA consensus model. It also serves as the primary medium of exchange across the ecosystem, powering DeFi services on WEMIX.Fi, NFT minting and trading, and in-game economies on WEMIX PLAY, enabling real asset ownership and value transfer between games, platforms, and users within the broader Web3 gaming economy developed by Wemade.

You can trade WEMIX tokens on the BingX spot market by depositing funds into your BingX account, navigating to the WEMIX/USDT trading pair, and placing market or limit orders with real-time price data. BingX’s spot trading interface allows you to buy, sell, and manage WEMIX efficiently alongside other digital assets, with built-in tools for portfolio tracking and risk management.

What Is WEMIX Tokenomics?


WEMIX has a permanently capped maximum supply of 590 million tokens, established after the Brioche hard fork to reinforce long-term scarcity and value stability. To support this supply discipline, the Foundation has burned over 400 million WEMIX from its reserve, significantly reducing potential circulating pressure. New WEMIX issuance continues through the Permanent Minting Reward (PMR) mechanism, which gradually decreases over time and will fully stop once the supply cap is reached. Technically, WEMIX follows the ERC-20 standard and is fully EVM-compatible, allowing seamless interoperability with other Ethereum-based networks via cross-chain bridges.

The Brioche hard fork introduced a block minting halving mechanism, reducing inflation over time. Initially, WEMIX was minted at 1 WEMIX per block, around 31.5 million annually. The first halving cut annual issuance to 15 million WEMIX, with further reductions occurring every 63,115,200 blocks, gradually slowing emissions and reinforcing supply discipline.

WEMIX Token Allocation (Post-Brioche)


- Ecosystem Development Fund: 50 million WEMIX

- 40% for community promotions and marketing

- 60% for strategic partnerships and ecosystem ventures

- Utilized over 5 years, with reinvestment of unused or returned capital

- Development Costs: 50 million WEMIX

- Covers protocol development, infrastructure, and team incentives

- Distributed over 5 years

- Reserve Allocation: 47 million WEMIX

- Gradually released over 5 years to support long-term operations

- Non-Circulating Staking Box: 2 million WEMIX

- Locked due to legacy WEMIX Classic GP staking

- Held in a non-circulating wallet and excluded from supply calculations

 

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