WEMIX3.0 mainnet is an “experience-based, platform-driven & service-oriented decentralized blockchain protocol” which powers a “mega-ecosystem” of web 3.0 platforms. The mainnet is a high-performance Ethereum Virtual Machine (EVM) compatible open-source protocol powered by the SPoA (Stake-based Proof of Authority) consensus mechanism. The mainnet claims to offer the highest security possible, based on decentralized on-chain governance via 40 Node Council Partners(NCP), also known as 40 WONDERS, while still ensuring high transaction per second (TPS). Consensus will evolve towards complete decentralization through a multi-phase democratized governance.
## **What Is WEMIX?**
WEMIX, the native coin of the WEMIX mega-ecosystem, serves as the primary medium of exchange and payment method for gas fees. With the introduction of the 'Brioche' hard fork, WEMIX tokenomics have undergone significant transformations, creating a sustainable and value-driven ecosystem. The hard fork permanently reduced and capped the total supply at 590 million WEMIX to preserve the token’s value and stability.
The 'block minting halving' mechanism, introduced by the Brioche hard fork, is designed to gradually reduce the minting rate of WEMIX per block called 'Permanent Minting Reward (PMR)’ over time. Initially, WEMIX was minted at a rate of 1 WEMIX per block, amounting to 86,400 WEMIX per day or 31,536,000 WEMIX per year. The first halving reduced the annual minting amount to about 15 million WEMIX. This systematic reduction continues in 2-year cycles, progressively decreasing the number of tokens minted and fostering a more stable and advanced tokenomic structure.
## **Who Are the Founders of WEMIX?**
WEMIX was founded in 2018 by WEMADE TREE(now Wemix PTE. LTD.), a subsidiary company of WEMADE, and began the journey with a solid vision to create a blockchain gaming platform servicing various games, connecting the in-game and the real world economy via tokenomics.
In August of 2021, WEMADE launched the flagship title, MIR4, on the WEMIX platform, triggering an unprecedented paradigm shift in the gaming industry. MIR4 has achieved unequaled success only four months into launch with more than 1.4M concurrent users and 20M cumulative registered users from more than 170 countries worldwide.
WEMIX has spearheaded the P2E market ever since. On October 20th 2022, WEMADE released WEMIX3.0, its own independent blockchain network, to further enhance the mega-ecosystem and establish WEMIX Coin as a key currency in the blockchain industry.
## **What Makes WEMIX Unique?**
WEMIX and the mega-ecosystem contains individually functional and collectively aligned key platforms and components that directly contribute to its growth and expansion.
The ecosystem contains:
WEMIX Play: Claimed to be world's largest and fastest play-and-earn (P&E) gaming platform home to numerous multi-genre games from all over the world that implements the "pay" segment into the experience cycle of global gamers.
NILE: The next-generation DAO-powered community platform built for the creation, facilitation, and management of projects through the Neith Protocol (programmable smart contract mechanism), innovating opportunities realized through collective potential.
WEMIX.Fi: The official DeFi platform that provides secure and transparent services for users such as swap, staking, pool, borrow, bridge and more. With high TPS and low gas fees, WEMIX.Fi claims to ensure the best experience with reliable financial services.
WEMIX$: The official stablecoin protocol with 100% collateralization of on-chain and off-chain secure assets such as USDC and Fiat currencies, adhering to the philosophy that quantitative growth of WEMIX$ leads to the qualitative growth of WEMIX.
WEMIX Wallet: The decentralized native wallet of WEMIX that provides experience-centric services in managing funds and crypto-assets without the need of custody over them; the wallet is a non-custodial crypto wallet designed to provide users sole control over their private keys.
WEMIX Explorer: There are two components to the WEMIX Explorer, the Macroscope and the Microscope. The Macroscope of WEMIX is the collection of data that directly influences the growth of the ecosystem as a whole, whereas the Microscope analyzes activities including detailed transactions and block validations within the WEMIX blockchain network — known as a blockchain explorer.
Papyrus: Papyrus is a seamless token-based communication tool that connects people with common interests based on the tokens and NFTs the users hold.
40 WONDERS: Also known as Node Council Partners(NCP), 40 WONDERS is constituted by technology sponsors and ecosystem sponsors that represent the interests of the WEMIX community as a whole, and secure WEMIX network via governance.
WEMIX 3.0 Mainnet is a decentralized blockchain protocol based on user experience, platform-driven, and service-oriented, supporting the super ecosystem of the Web 3.0 platform. Utilizing a high-performance Ethereum Virtual Machine (EVM) compatible open-source protocol, the SPoA consensus mechanism ensures security and high TPS. WEMIX is the native token used for transactions and paying gas fees, distributed through permanent minting rewards to NCP, ecosystem funds, and maintenance. The ecosystem includes the WEMIX Play gaming platform, NILE community platform, WEMIX.Fi DeFi platform, WEMIX$ stablecoin protocol, WEMIX wallet, WEMIX Explorer blockchain browser, Papyrus communication tool, and 40 WONDERS node council partners.
How to Buy WEXIM
1. How to Buy WEXIM on Exchanges
Step 1: Choose a reputable exchange platform
Select a trustworthy platform from numerous exchanges to make your purchase. Some trusted platforms include Coinbase, Binance, OKX, among others.
Step 2: Register an account
Create an account on the chosen exchange platform. You may need to provide personal information (such as phone number, email) to complete the registration process.
Step 3: Complete identity verification
For security reasons, some platforms may require you to undergo identity verification. Follow the platform's instructions, providing necessary identity information (such as country/ID number) and undergo facial recognition if prompted. Once your identity is confirmed, you'll receive notification.
Step 4: Link your bank or payment method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing WEXIM.
Step 5: Purchase WEXIM
Find the option to buy coins on the exchange platform, select the C2C buying process, then input the amount of cryptocurrency you wish to purchase. Typically, you'll choose to buy USDT first and then proceed with the purchase method. Simply place your order, make payment to the seller, and you'll receive the cryptocurrency. Once the payment is completed, you can use your exchange assets to buy WEXIM.
Step 6: Store your WEXIM
After purchase, you can choose to store WEXIM in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Tips
To protect your exchange account and WEXIM assets, it's essential to use strong passwords and enable two-factor authentication.
How to Buy WEXIM via Over-the-Counter (OTC) Trading
Over-the-counter (OTC) WEXIM trading occurs directly between buyers and sellers, bypassing exchanges or other intermediaries. Here are the general steps for OTC WEXIM trading:
Step 1: Find an OTC trading channel
Start by finding a reliable OTC trading platform or service provider. These platforms typically offer online marketplaces or ways to connect with brokers for trading.
Step 2: Register an account
Sign up for an account on the chosen OTC trading platform. You may need to provide some personal information (phone/email) to complete the registration process.
Step 3: Complete identity verification
For security purposes, some platforms may require you to undergo identity verification. Follow the platform's instructions to provide necessary identity information (nationality/ID) and undergo facial recognition or other verification steps.
Step 4: Browse the trading list
After logging into your account, browse through the platform's trading list to find WEXIM trades that interest you. You can choose trades based on the trader's reputation rating, trade volume, price, and payment methods.
Step 5: Select a trading partner
Once you find a suitable trade, click to enter the trading page and carefully review the trader's terms and conditions. Ensure you understand and agree to the trader's requirements, such as trade amount, payment method, trade time, etc.
Step 6: Negotiate trade details
After reaching an agreement with the trader, you can negotiate trade details such as trade amount, payment method, trade time, and location.
Step 7: Make payment
According to the agreement reached with the trader, use the chosen payment method to pay the WEXIM purchase amount to the seller.
Step 8: Confirm receipt
Once the trader confirms receiving your payment, they will release WEXIM to the WEXIM address you provided. You can check your WEXIM wallet balance after the trade to confirm its success.
3. How to Buy WEXIM through Decentralized Exchanges (DEX)
Buying WEXIM on decentralized exchanges (DEX) differs from purchasing other cryptocurrencies on centralized exchanges. Here are the general steps for buying WEXIM on DEX:
Step 1: Choose a WEXIM-supporting wallet
Create a new wallet supporting WEXIM assets, then select a decentralized exchange that supports WEXIM.
Step 2: Connect your wallet
Before using the DEX, you need to connect a wallet supporting the WEXIM blockchain. You can connect your wallet to the selected DEX via browser extension or mobile application.
Step 3: Deposit funds
In your wallet, select deposit and choose the asset you want to deposit (such as stablecoins). Follow the wallet prompts to complete the deposit process.
Step 4: Find the trading pair
Search or browse for the WEXIM trading pair on the DEX. Typically, you can find a search box or a list of trading pairs on the exchange's homepage or trading interface.
Step 5: Place an order
Once you find the WEXIM trading pair, you can choose between market or limit orders and input the quantity you want to purchase. Ensure you input the correct price and quantity in the order, then confirm the order.
Step 6: Wait for the trade to execute
Your order will be submitted to the WEXIM blockchain and wait for confirmation and execution by miners. Once the order is executed, you will receive the purchased WEXIM, which you can view in your wallet balance.
Step 7: Withdraw funds
After completing the trade, you can choose to withdraw the purchased WEXIM to your wallet for safer storage of your digital assets.
4. Official Channels for WEXIM Project Team or Community
Sometimes, the WEXIM project team or community may launch official channels for direct WEXIM purchases. This may include private placements, presales, or other forms of direct sales.