An up-and-coming crypto gaming challenge has pulled off an unimaginable 300% rally up to now 30 days as digital asset markets proceed to indicate energy following the crack of 2023.
WEMIX (WEMIX) is a platform that helps blockchain-based video games for over 378,000 avid gamers, in accordance with its web site.
WEMIX’s ecosystem contains at the very least 20 video games at time of writing, every of which has its personal tokens on the WEMIX blockchain. WEMIX tokens at the moment 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 challenge 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 during which each creators and followers can develop collectively to profit 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 worth goes up.
1,000 tokens are minted per each 24 hour time weighted common worth (TWAP) improve of $0.01.”
WEMIX is created by blockchain growth agency WEMADE, which lately introduced a partnership with metaverse engine developer Metagravity.
In response to the announcement,
“The alliance will assist carry to life WEMADE CEO Jang Hyun-guk’s imaginative and prescient of constructing an expertise folks can get pleasure from by enjoying a well-made sport and an enormous platform that would join all the things.”
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
