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Wemix Token

Wemix Token (WEMIX)

$ 0.19
0.04 %
Main info
News
Comments
Markets
Analytics
Market cap
$94.43M
0.04 %
Volume (24h)
$508.53K
0.04 %
Circulating supply
456,006,270 WEMIX
Total supply
546,201,038 WEMIX
Max. supply
590,000,000 WEMIX

Key data

updated $0
Market cap$94.43M
Volume 24h$508.53K
Circulating supply456.01M77% of max 590M
All-time high$24.71-99% from peak · 2021-11-21

Wemix Token (WEMIX) is the native cryptocurrency of the WEMIX blockchain, a gaming-focused network developed by the South Korean company WEMIX Pte. Ltd. In simple terms, it's the fuel that powers a whole ecosystem of blockchain games: players use WEMIX to buy in-game items, trade assets, and interact with decentralized apps built on the platform. Think of it as the common currency connecting games, developers, and players in one place.

Frequently asked questions

What is WEMIX and how is it different from other gaming tokens?

WEMIX is the main token of the WEMIX blockchain, not just a token issued on someone else's chain — the network was built specifically for gaming from day one. Unlike single-game tokens, WEMIX serves an entire ecosystem of games and dApps, acting as the base currency for all of them. Its roots in the Korean gaming industry also set it apart from most Western gaming projects.

How does the WEMIX blockchain work?

The WEMIX network uses a stake-based proof-of-stake consensus called SPoA (Stake-based Proof of Authority), where a limited set of vetted validators secure the network. This design allows fast transaction finality and low fees, which matters a lot for games where players make frequent small transactions. The network also supports EVM compatibility, so Ethereum developers can port their dApps over easily.

How is the supply of WEMIX structured?

WEMIX has a hard cap of 590,000,000 coins, meaning no more than that amount will ever exist. This fixed maximum supply is a deliberate design choice that protects the token from unlimited inflation over time. New tokens enter circulation through the network's emission schedule and ecosystem rewards rather than being printed at will.

Where can you store and use WEMIX?

Since WEMIX is an EVM-compatible token, you can store it in wallets that support the WEMIX network, such as the official WEMIX Wallet or popular multi-chain wallets with custom network settings. Within the ecosystem, you use it to buy NFTs, trade game assets on the platform's marketplace, and pay transaction fees. It's also listed on major centralized exchanges, so moving it in and out of the ecosystem is straightforward.