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A blockchain platform focused on gaming defied a sideways crypto market and rallied by 37% this week amid an upcoming hard fork and token burn.<\/p>\n
WEMIX<\/a>\u00a0 is a crypto project that bills itself as an \u201cexperience-based, platform-driven, and service-oriented mega-ecosystem.\u201d<\/p>\n More than 580,000 people<\/a> use its blockchain game platform, WEMIX Play.<\/p>\n The project\u2019s native token is trading at $1.37 at time of writing, up from $1.01 seven days ago.<\/p>\n WEMIX witnessed gains as users look forward to the \u201cBrioche Hard Fork,\u201d which will overhaul the project\u2019s tokenomics. The hard fork is slated for July 1st.<\/p>\n Explains<\/a> WEMIX,<\/p>\n \u201cThis pivotal milestone will introduce a revised minting rule, reducing the issuance of WEMIX per block through 16 updates. This change aims to enhance the value and growth of WEMIX, marking the first step towards mutual growth with the community.<\/em><\/p>\n Secondly, WEMIX will unveil an enhanced WEMIX PLAY, where ecosystem performance directly impacts tokenomics. Notably, the objective is to ensure that the revenue growth driven by expanding games directly influences the WEMIX ecosystem.\u201d<\/em><\/p>\n The WEMIX foundation also says it plans to burn approximately 435 million WEMIX tokens held in reserve.<\/p>\n \u201cThe burning of the foundation reserves will decrease the available supply, transitioning WEMIX from a foundation-driven ecosystem to a community-driven one. This shift fosters a community-friendly tokenomics model that promotes mutual growth.\u201d<\/em><\/p>\n Despite the gains this week, WEMIX still remains more than 94% down from its all-time high of $24.71, which it hit back in November 2021, according to CoinGecko<\/a>.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A blockchain platform focused on gaming defied a sideways crypto market and rallied by 37% this week amid an upcoming hard fork and token burn. WEMIX\u00a0 is a crypto project that bills itself as an \u201cexperience-based, platform-driven, and service-oriented mega-ecosystem.\u201d More than 580,000 people use its blockchain game platform, WEMIX Play. The project\u2019s native token […]<\/p>\n","protected":false},"author":2,"featured_media":334388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-334386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/334386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=334386"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/334386\/revisions"}],"predecessor-version":[{"id":334390,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/334386\/revisions\/334390"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/334388"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=334386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=334386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=334386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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