Wemix Price

(WEMIX)
USD($)
Wemix (WEMIX) Live Price Chart

Note: The data for this cryptocurrency is provided by TokenInsight. Data provided are for informational purposes only and does not constitute investment advice. Always be mindful of the risks associated with investing.

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Wemix(WEMIX) Profile

altRank115
rate--
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Website
Documentation
Contract
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Audited By
https://www.certik.com/projects/wemix
Code & Community
Investors
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$24.6700
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$322.33M 
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411,339,283
590,000,000

About WEMIX

How can I buy Wemix (WEMIX)?

Buying WEMIX on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Wemix (WEMIX) for more information.

What Is WEMIX (WEMIX) Crypto?

WEMIX is a blockchain gaming platform that seeks to lower the entry barriers into Play-to-Earn (P2E) and GameFi. The project has solved the challenges of low throughput and high transaction fees - the key issues holding back mainstream adoption of blockchain games, by leveraging a combination of public and private blockchain functions.

Its hybrid structure also connects with other intermediary chains, and the multi-chain infrastructure makes the WEMIX ecosystem far more accessible for gaming dApp developers and players. In addition to lowering the financial barriers to entry into the lucrative world of GameFi for consumers, its effective crowdfunding solutions have also helped bring down blockchain game development costs.

WEMIX also offers a simple, three-step process for players looking to onboard and experience blockchain gaming and P2E opportunities within its ecosystem. Its technology has been designed to onboard the one billion-strong active population of gamers into the world of P2E on the WEMIX platform.

The WEMIX Token serves as WEMIX’s native cryptocurrency. This platform-level token reflects the value of the overall WEMIX ecosystem and can be used as a medium of exchange on the platform. In addition, the ecosystem also supports the use of various game tokens to sustain, engage, and grow the gaming experience on offer.

How Does WEMIX Game Work?

The WEMIX blockchain-based game ecosystem leverages the principle of “sharing and proliferation” to allow game developers to focus on delivering engaging user experiences by increasing the utility of in-game assets and making them more versatile.

WEMIX does not impose technical restrictions on games created using existing dApp tokens and items, thereby encouraging the establishment of a more robust and interlinked gaming ecosystem. The strategy lets game developers focus on more productive aspects of delivering gaming experiences instead of wasting their efforts on inefficient post-launch updates.

WEMIX plans to integrate blockchain technology with the daily content accessed by gamers daily to earn rewards, such as blockchain instant dungeons and hunting areas for MMORPGs, blockchain farms and factory buildings for SNGs, etc. This way, the rewards earned by gamers would be based on blockchain in the form of cryptocurrency tokens to offer a true blockchain-based game service.

The proposed hybrid structured blockchain network consisting of multiple blockchain networks can offer a decentralized gaming system with high throughput, scalability, and low transaction costs. In this manner, the WEMIX ecosystem will support quality games and gaming experiences within its ecosystem.

History of WEMIX Play-to-Earn Platform

WEMIX was launched in 2019, followed by the launch of the WEMIX Wallet - the official crypto wallet of the ecosystem in 2020. In the same year, the first game launched on WEMIX - BirdTornado, while the WEMIX Token received its first-ever listing on an exchange - on Bithumb.

The WEMIX DEX was launched in Q1 2021, and more games went live on the platform throughout the year, including MIR4, which went live in H2 2021. The WEMIX crypto was also listed on leading global exchanges.

In the second quarter of 2021, the WEMIX NFT Auction & Market offering was launched, while the project’s scope was also updated. The WEMIX Wallet added support for KLAYswap in the year’s third quarter.

The first NFT game went live on the WEMIX Play-to-Earn platform in 2022. The platform received several critical upgrades in the year, including service advancement and expansion, as well as the development of the WEMIX Community. The WEMIX Token got listed for trading on KuCoin in June 2022.

Wemix Conversion Rate
  • 1 WEMIX to USD$0
  • 1 WEMIX to EUR€0
  • 1 WEMIX to AUD$0
  • 1 WEMIX to KRW₩0
  • 1 WEMIX to JPY¥0
  • 1 WEMIX to GBP£0
  • 1 WEMIX to INR₨0
  • 1 WEMIX to IDRRp0
  • 1 WEMIX to CAD$0
  • 1 WEMIX to RUB₽0

FAQ

Is WEMIX (WEMIX) a Good Investment?

Investing in WEMIX allows you to participate in a growing blockchain ecosystem with diverse applications in gaming, finance, and governance:

  1. Blockchain Gaming Ecosystem: WEMIX is part of a robust blockchain gaming ecosystem. The WEMIX PLAY platform hosts numerous games, allowing you to earn rewards through play-to-earn mechanics, making it an attractive option for gamers and investors alike.
  2. DeFi Integration: WEMIX.Fi, the decentralized finance platform of the ecosystem, provides various financial services like staking, lending, and borrowing. This integration enhances the utility of WEMIX beyond gaming.
  3. Staking Rewards: You can earn staking rewards by participating in the network. WEMIX offers competitive staking options, where you can stake your tokens to support network security and earn returns.
  4. Community and Governance: WEMIX employs a decentralized and participatory governance model. This means you can have a say in the network's future developments and decisions, fostering a strong and active community.
  5. Deflationary Tokenomics: WEMIX has a deflationary model with regular token burns. This helps reduce the total supply over time, potentially increasing the value of the remaining tokens.
  6. High Performance and Scalability: The WEMIX blockchain boasts high transaction throughput and low latency, making it efficient for various applications within its ecosystem.
  7. Stablecoin Support: The WEMIX$ stablecoin provides a stable value option within the ecosystem, useful for transactions and as a store of value, adding stability to the otherwise volatile crypto investments.
What Is WEMIX Price Prediction?

Although it is impossible to offer an accurate WEMIX crypto price prediction, you could monitor the following fundamental factors that could drive price action in this cryptocurrency:

  1. Adoption and Usage: The level of adoption of the WEMIX platform, including the number of games and applications launched, directly affects the token's demand. More usage within its ecosystem can drive up the WEMIX coin price​.
  2. Market Sentiment: General market sentiment towards cryptocurrencies and specific interest in blockchain gaming can significantly impact the WEMIX price. Positive news, partnerships, and market trends can boost investor confidence and increase the token's value​.
  3. Technological Developments: Innovations and upgrades to the WEMIX platform, such as the introduction of new features or improvements in scalability and security, can attract more users and investors, thereby increasing the WEMIX token price​.
  4. Economic Factors: The broader economic environment and trends in the crypto market also play a crucial role in influencing the WEMIX to USD price. Factors like inflation, regulatory changes, and macroeconomic trends can influence investor behavior towards WEMIX​.
  5. Tokenomics and Supply: The deflationary tokenomics of WEMIX, including token burns and staking rewards, help reduce the circulating supply over time, potentially increasing the WEMIX to USD price. The Permanent Minting Reward (PMR) distribution also plays a part in maintaining the token's supply balance​.
How to Earn WEMIX Tokens

To earn on WEMIX (WEMIX), you have several options within its ecosystem:

  • Play-to-Earn Games: Participate in blockchain games on the WEMIX PLAY platform. By playing these games, you can earn WEMIX tokens as rewards, which you can then use within the platform or trade for other cryptocurrencies​.
  • Staking: Engage in staking programs on WEMIX.Fi. You can choose from various staking options:
    • WONDER Staking: Delegate your WEMIX to a WONDER (a validator node) to earn a share of the block rewards generated by that node.
    • DIOS Staking: Stake your assets to contribute to the stabilization of the WEMIX$ stablecoin and earn rewards in WEMIX$.
    • LIQUID Staking: Deposit WEMIX and receive staked WEMIX (stWEMIX), which can be used for further earning opportunities or swapped back for WEMIX​.
  • Liquidity Pools: Provide liquidity on the WEMIX.Fi platform. By depositing your assets into liquidity pools, you can earn a portion of the transaction fees generated by swaps within the pool​.
  • Trading: Trade WEMIX tokens on supported cryptocurrency exchanges, such as KuCoin. By buying and selling WEMIX based on market conditions, you can potentially earn profits from price fluctuations​.
  • NFTs and DeFi Services: Use the WEMIX ecosystem to mint, buy, and sell NFTs. Additionally, engage in various decentralized finance (DeFi) services offered on WEMIX.Fi, such as swapping tokens and participating in yield farming​.
How to Stake WEMIX

To stake WEMIX (WEMIX), you can use one of the staking options available on the WEMIX.Fi platform. Here’s a step-by-step guide for each staking method:

WONDER Staking

  1. Access the WEMIX.Fi website and select the 'Staking' menu.
  2. Choose WONDER Staking from the list of staking programs.
  3. View the list of WONDERS and select one based on the highest APR, Staking Ratio, or Sharing Ratio.
  4. Enter the amount you wish to stake. The estimated rewards will be displayed.
  5. Review the details and confirm the transaction. Approve the request to access your wallet and complete the staking.

DIOS Staking

  1. Navigate to the staking section on WEMIX.Fi.
  2. Choose DIOS Staking from the available staking programs.
  3. Input the amount you want to stake. The expected rewards will be calculated and shown.
  4. Review and confirm the transaction details. Approve the transaction to complete the staking process.

LIQUID Staking

  1. Access the staking section on the WEMIX.Fi website.
  2. Choose LIQUID Staking from the list of options.
  3. Select WEMIX -> stWEMIX from the menu. Check the exchange rate and enter the amount to be exchanged.
  4. Review the exchange details and confirm. Approve the transaction to complete the exchange.
  5. You can later convert stWEMIX back to WEMIX using the same process, without waiting.
How to Connect MIR4 to WEMIX Wallet

To connect your MIR4 account to a WEMIX Wallet, follow these steps:

  1. Create a WEMIX Wallet: Download the WEMIX Wallet app from the official website or app store. Open the app and create a new wallet by following the on-screen instructions. Make sure to securely store your seed phrase and password.
  2. Log into MIR4: Launch MIR4 and log into your account using your preferred social media or Steam account.
  3. Link WEMIX Wallet to MIR4: In the MIR4 game, go to the menu and select the "WEMIX Wallet" option. Follow the prompts to connect your WEMIX Wallet. This may involve scanning a QR code or entering your wallet address manually.
  4. Confirm Connection: Verify that your WEMIX Wallet is successfully linked to your MIR4 account. You should see your wallet details within the game interface.
  5. Start Using the Wallet: Once connected, you can start using your WEMIX Wallet for in-game transactions, including buying and selling items on the marketplace, staking, and participating in other WEMIX ecosystem activities.

Remember, you can only connect one WEMIX Wallet to a MIR4 account, and this connection cannot be changed once set up. For detailed instructions and troubleshooting, refer to the official WEMIX and MIR4 documentation.

What is the all-time high price of Wemix (WEMIX)?
The all-time high price of Wemix (WEMIX) is $24.6700. The current price of WEMIX is down -- from its all-time high.
How much Wemix (WEMIX) is there in circulation?
As of 10 3, 2024, there is currently 411,339,283 WEMIX in circulation. WEMIX has a maximum supply of 590,000,000.
What is the market cap of Wemix (WEMIX)?
The current market cap of WEMIX is $322.33M. It is calculated by multiplying the current supply of WEMIX by its real-time market price of $322.33M.
How do I store Wemix (WEMIX)?
You can securely store your Wemix in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your WEMIX include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Sei (SEI) to cash?
You can instantly exchange your Sei (SEI) for cash using KuCoin's Fast Trade feature. This feature enables you to convert SEI to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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