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WEMIX DAY Presents Latest Updates for a Sustainable Future of Blockchain-Based Gaming
WEMIX unveiled its latest updates and developments during WEMIX DAY on July 16, 2024. This special event featured an in-depth video presentation showcasing significant changes and innovations within the WEMIX ecosystem, marking the beginning of a new era for blockchain gaming.
Dedicated to improving the sustainability of its ecosystem through its “Prioritize and Focus” strategy, WEMIX is driving continuous change. Join us at WEMIX DAY as we unveil the future of the revitalized WEMIX ecosystem.
Watch the WEMIX DAY presentation video: Link to YouTube.
During WEMIX DAYWe have introduced several key initiatives and updates that will drive the future growth and sustainability of the WEMIX ecosystem:
WEMIX GAME
WEMIX Pay is an innovative payment method for purchasing game content using the native WEMIX token, scheduled for release in the second half of this year. This feature is designed to establish WEMIX as a robust utility token, seamlessly integrating into leading WEMIX PLAY games and driving greater utility and demand for WEMIX. By using WEMIX Pay you earn both PLAY Tokens and Prime Points, which are critical to fueling the growth and sustainability of the WEMIX PLAY platform.
PLAY token
A key component of WEMIX Pay is the PLAY Token, a cryptocurrency earned through WEMIX transactions and uniquely tied to actual game revenue. Unlike other tokens that are issued in large quantities with no practical use, PLAY Tokens will only be minted when WEMIX Pay generates real game revenue. These PLAY Tokens are then burned and not released back into circulation, preventing inflation.
PLAY tokens are primarily earned through WEMIX Pay transactions and can be exchanged for REFLECT tokens at a fixed rate, providing consistent value and facilitating transactions within the ecosystem. Reflect tokens are designed to improve the liquidity and stability of the WEMIX platform, allowing users to seamlessly convert their in-game earnings into a more stable form of currency that can be used across various WEMIX services and platforms.
Users can also receive PLAY Tokens as a reward for registering in advance (pre-registration) and participating in various activities within the WEMIX PLAY gaming community. These activities may include tasks such as playing games, completing challenges, interacting with the community, or other in-game and platform-based actions.
Main points
Prime Points operate as a mileage system within the WEMIX ecosystem, earned alongside PLAY Tokens via WEMIX Pay. Earning Prime Points increases your Prime Points tier, unlocking exclusive benefits at each tier, including VIP passes, NFTs, airdrops, and early access to games. More details on how to earn Prime Points through various ecosystem activities will be released soon.
WEMIX Repurchase
Designed as a virtuous cycle system, WEMIX Buy-Back allocates at least 4-5% of WEMIX Pay revenues to reduce supply and increase user benefits.
WEMIX PLAY Reborn: https://wemixplay.com
The WEMIX PLAY platform is reborn as a community-focused hub for blockchain games, where players and content creators can interact, share gameplay strategies, enjoy memes, preview game art, and watch developer Ask Me Anything (AMA) sessions. The newly revamped WEMIX PLAY will launch in beta in the second half of the year.
New Games Coming to WEMIX PLAY
- Legend of Ymir: Based on Norse mythology, this game features realistic and dynamic character animations achieved through advanced facial expression and motion capture technologies. Its global release is scheduled for late 2025.
- Project M: Developed by the esteemed studio behind the legendary MIR series, this Web3 MMORPG builds on the legacy of the blockchain games, MIR4 and NIGHT CROWS. It is scheduled for release after 2025.
- Meta Toy DragonZ SAGA: A collectible RPG where players collect and care for unique toy dragons, scheduled for release in Q4 of this year.
- Crystals of Naramunz: A role-playing game set in a steampunk world with charming anthropomorphic characters. It is scheduled for release in early 2025.
All games in the upcoming series will integrate WEMIX Pay, improving its utility and contributing to WEMIX’s repurchase resources, thus fostering a healthier ecosystem.
Public: https://wepublic.com
Wepublic leverages WEMIX’s advanced blockchain technology to promote transparency in society. Using blockchain, Wepublic enables transparent decision-making and fund flows. The platform’s SBT (Soulbound Token)-based certification voting system ensures transparency by recording all decision-making processes on the blockchain. This innovative voting system has been successfully implemented in universities and religious institutions and will be accessible as an open platform by 2025.
In addition, the blockchain-based Wepublic point system allows organizations to transparently raise and use funds without the need for external audits, sharing the flow of funds with DAO members. The WEMIX donation feature added last June and the upcoming project funding service launching this August will help various organizations transparently raise funds for common goals.
Hard brioche fork
The recent Brioche Hard Fork burned approximately 434 million WEMIX and introduced a halving mechanism, reducing the amount of WEMIX minted per block by half. This marks the beginning of a healthier WEMIX ecosystem.
WEMIX: Committed to an Immersive Blockchain Gaming Experience
WEMIX remains steadfast in its commitment to providing an immersive blockchain gaming experience through purposeful strategies. Our unwavering dedication to ushering in a new era for WEMIX promises many more innovations on the horizon. Pre-register now for the newly revamped WEMIX PLAY gaming community platform to receive PLAY tokens and stay tuned for details on the next PLAY token airdrop for community participants.
For more information, visit www.wemix.com or contact: pr@wemix.com.
Source: WEMIX