An up-and-coming crypto gaming venture has pulled off an unbelievable 300% rally up to now 30 days as digital asset markets proceed to point out energy following the crack of 2023.
WEMIX (WEMIX) is a platform that helps blockchain-based video games for over 378,000 players, in keeping with its web site.
WEMIX’s ecosystem consists of at the very least 20 video games at time of writing, every of which has its personal tokens on the WEMIX blockchain. WEMIX tokens currently have a collective market cap of $164.19 million.
WEMIX makes use of a hybrid blockchain construction to try to take care of gradual transactions and extreme charges generally related to different crypto video games.
Final month, the venture launched a brand new fan token system to permit its creators to monetize and join with their supporters.
Says WEMIX,
“Fan Token is an interactive donating system through which each creators and followers can develop collectively to learn from the growing token worth by buying the Fan Tokens issued by the creator.
It makes use of [the] revolutionary idea ‘high-water mark minting mechanism’ to solely enable tokens to be minted when its value goes up.
1,000 tokens are minted per each 24 hour time weighted common value (TWAP) improve of $0.01.”
WEMIX is created by blockchain growth agency WEMADE, which not too long ago announced a partnership with metaverse engine developer Metagravity.
In line with the announcement,
“The alliance will assist deliver to life WEMADE CEO Jang Hyun-guk’s imaginative and prescient of constructing an expertise folks can take pleasure in by enjoying a well-made sport and an enormous platform that might join all the pieces.”
At time of writing, WEMIX is up 328% within the final 30 days, at the moment buying and selling at $1.50 with a market cap of $377 million.
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Featured Picture: Shutterstock/Natalia Siiatovskaia/Tin Retailer