WEMIX has announced a series of significant updates and developments during its WEMIX DAY event, setting the stage for a sustainable and innovative future in blockchain gaming. The event featured an in-depth video presentation that introduced new strategies and tools designed to enhance the WEMIX ecosystem.
One of the key highlights is the introduction of WEMIX Pay, an innovative payment method for purchasing game content using the WEMIX native token. Scheduled for release in the second half of the year, WEMIX Pay aims to establish WEMIX as a robust utility token. This feature will be integrated into major WEMIX PLAY games, driving increased utility and demand for WEMIX. Users of WEMIX Pay will earn both PLAY Tokens and Prime Points, crucial for the growth and sustainability of the WEMIX PLAY platform.
The PLAY Token, a cornerstone of WEMIX Pay, is a cryptocurrency tied to actual game revenue. Unlike other tokens issued without practical use, PLAY Tokens are minted only when real game revenue is generated. These tokens are subsequently burned, preventing inflation. PLAY Tokens can be exchanged for REFLECT Tokens at a fixed rate, providing consistent value and facilitating transactions within the ecosystem. Additionally, PLAY Tokens can be obtained through pre-registration and participation in various activities within the WEMIX PLAY gaming community.
Prime Points operate as a mileage system within the WEMIX ecosystem, earned alongside PLAY Tokens through WEMIX Pay. Accumulating Prime Points unlocks exclusive benefits at various tiers, including VIP passes, NFTs, airdrops, and early game access.
Another notable update is the WEMIX Buy-Back program, which allocates a minimum of 4-5% of WEMIX Pay revenue towards reducing supply and increasing user benefits, creating a virtuous cycle within the ecosystem.
The WEMIX PLAY platform is being revamped as a community-centric hub for blockchain games. The new platform will allow gamers and content creators to interact, share game strategies, enjoy memes, preview game art, and watch developer AMA sessions. The redesigned WEMIX PLAY will launch in beta later this year.
The event also introduced several upcoming games, including 'Legend of Ymir,' 'Project M,' 'Meta Toy DragonZ SAGA,' and 'Crystals of Naramunz,' all of which will integrate WEMIX Pay and contribute to the WEMIX Buy-Back resources.
Wepublic, another initiative leveraging WEMIX's advanced blockchain technology, aims to promote transparency in society. The platform uses a Soulbound Token (SBT) based certification voting system to ensure transparency by recording all decision-making processes on the blockchain. This system has been successfully implemented in universities and religious institutions and will be available as an open platform by 2025.
The recent Brioche Hard Fork, which burned approximately 434 million WEMIX and introduced a halving mechanism, marks the beginning of a healthier WEMIX ecosystem.
Through these targeted strategies and innovations, WEMIX remains committed to delivering an immersive blockchain gaming experience. The company’s dedication to a sustainable and engaging ecosystem promises more advancements on the horizon.
