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WEMIX
Type of businessPrivate
Type of siteSocial network service, online audio platform
Available inEnglish
FoundedNew York, New York (2007)
HeadquartersNew York, New York, U.S.
Area servedWorldwide
Owner]
Key peopleLudacris (creator), Matthew Apfel
RegistrationNot required
Users67,848 (October 2010)
LaunchedApril 2008
Current statusClosed

WEMIX3.0

WEMIX3.0 Mainnet is an experience-based, platform-driven, and service-oriented mega-ecosystem. The Mainnet is a high-performance EVM-compatible open-source protocol powered by the SPoA(Stake-based Proof of Authority) consensus mechanism. The mainnet offers 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 TPS. Consensus will evolve towards complete decentralization through a multi-phase democratized governance.


WEMIX

WEMIX is the native coin of the WEMIX mega-ecosystem, used as a medium of exchange and payment method for gas fees. One WEMIX coin is minted per each subsequent block created, and PMR (Permanent Minting Reward) is distributed respectively to NCP (40%), stakers (10%), eco fund (25%), and maintenance (25%).


WEMIX Ecosystem

Individually functional and collectively aligned key platforms and components directly contribute to the growth and expansion of WEMIX and the mega-ecosystem.

WEMIX Play: The world's largest and fastest 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 ensures 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.

Papyrus: Papyrus is the most 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


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

References

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