WEMIX 

WEMIX Price

What is the WEMIX coin?

WEMIX is the native coin of WEMIX3.0, a blockchain gaming ecosystem built by Wemade, the South Korean game developer behind The Legend of Mir, listed on the KOSDAQ exchange. The WEMIX3.0 mainnet entered global beta on October 20, 2022 as an EVM-compatible chain. WEMIX pays transaction fees, secures the network through validator staking, carries governance rights, and moves value across the ecosystem's games and DeFi services.

How does WEMIX work within the WEMIX3.0 ecosystem?

WEMIX pays gas fees on the WEMIX3.0 blockchain and secures the network through WEMIX Nody validator staking. Nody staking requires a 4,000 WEMIX deposit held as an NFT, rewards accrue every block, and the unbonding period is 7 days. The ecosystem also includes WEMIX Play, the game platform; WEMIX.Fi, DeFi services covering swap, staking, liquidity and the UNIX DEX; and WEMIX$, a collateralized stablecoin.

What consensus mechanism does the WEMIX3.0 blockchain use?

The WEMIX3.0 blockchain uses Staked-Proof-of-Stake combined with Istanbul BFT on an EVM-compatible base. Block times run at approximately 1 second. Validators stake WEMIX through the WEMIX Nody program, and block rewards flow to node operators and stakers rather than a central treasury — a design that concentrates newly minted supply with network participants over time.

Is WEMIX's supply capped?

Per DropsTab data, the maximum supply is capped at 590,000,000 WEMIX. The Brioche hard fork of February 2023 permanently reduced and fixed this cap. New WEMIX enters circulation only through block rewards under a DAO-governed halving schedule: rewards started at 10 WEMIX per block and stepped down through successive hard forks — Dosirak (5 to 2.5 per block), Lukso in June 2023 (2.5 to 1.25), and Ami/Dunia in 2024 (1.25 to 0.5). Minting ceases after the 16th halving.

Does WEMIX have a vesting schedule or token unlocks?

WEMIX has no allocation-based vesting schedule. New supply is created exclusively through block rewards under the public halving schedule, so WEMIX carries no cliff dates, insider unlock events, or TGE-anchored release calendars. Inflation risk is therefore schedule-based rather than unlock-based: each halving roughly halves the annual issuance rate, and the remaining halving ladder to the 16th event is fixed and documented in the WEMIX3.0 whitepaper.

Who backed WEMIX and how was it funded?

WEMIX raised funds without disclosed external venture capital. Per DropsTab fundraising data, an IEO on Gate.io on September 3, 2021 sold roughly 156,862 WEMIX at about $0.57, raising around $89,411. A separate private round had 100,000,000 WEMIX allocated for sale per the whitepaper; Wemade's FY2021 Q4 report itemizes 52 million WEMIX for the private sale, 4 million for marketing and 16 million for ecosystem establishment. No VC cap table is disclosed — funding rests on Wemade itself.

What does WEMIX's funding structure signal about project risk?

The absence of disclosed VC investors means WEMIX carries no venture unlock overhang or third-party supply concentration. The trade-off is issuer reliance: Wemade, the KOSDAQ-listed parent, both controls the ecosystem and has historically treated WEMIX sales as a revenue item. Funding depth for WEMIX therefore reflects Wemade's balance sheet rather than independent institutional backing — a materially different risk profile from VC-backed gaming tokens.

Where can I buy the WEMIX token?

WEMIX trades spot on centralized exchanges only — DropsTab tracks no decentralized-exchange (DEX) or derivative markets for the coin. Main pairs include WEMIX/USDT on Bybit, KuCoin, Gate, MEXC and Bitget, plus WEMIX/USD on Kraken. With no DEX fallback, liquidity depth depends on these venues' order books, and cross-venue spreads can be meaningful at WEMIX's market-cap scale.

How does WEMIX differ from WEMIX Classic?

WEMIX Classic is the pre-migration WEMIX token, tracked as a separate instrument from the current WEMIX coin. The migration from WEMIX Classic to WEMIX ran from October 2022 through multiple exchanges, the Multichain bridge and PLAY Wallet; a separate 1:1 conversion to the oWEMIX dominance token ran via KLAYswap. WEMIX Classic and oWEMIX trade independently and must not be confused with WEMIX.

What are the main risks of holding WEMIX?

WEMIX's main structural risks are regulatory and liquidity-related. Wemade operates from South Korea, a jurisdiction that heavily regulates both gaming and crypto assets, and the company has restated crypto-linked earnings. On the market side, spot-only availability on mid-tier venues means thin order-book depth. WEMIX supply also concentrates with node operators and stakers over time, because block rewards flow to network participants rather than a treasury.