It’s been just revealed that an important crypto gaming project called WEMIX has surged by 300% lately. Check out the latest reports about all this below.
Crypto gaming project surged by 300%
It’s been just revealed that an up-and-coming crypto gaming project has pulled off an incredible 300% rally in the past 30 days as digital asset markets continue to show strength following the crack of 2023.
It’s also been revealed that the WEMIX (WEMIX) is a platform that supports blockchain-based games for over 378,000 gamers, according to its website.
According to the latest reports coming from the online publication the Daily Hodl, it’s been revealed that WEMIX’s ecosystem includes at least 20 games at the time of writing, each of which has its own tokens on the WEMIX blockchain. WEMIX tokens currently have a collective market cap of $164.19 million, as the latest report from the online pubcalition mentioned above note.
It’s also been revealed the fact that WEMIX uses a hybrid blockchain structure to attempt to deal with slow transactions and excessive fees sometimes associated with other crypto games.
The same online publication mentioned above notes the fact that last month, the project launched a new fan token system to allow its creators to monetize and connect with their supporters.
WEMIX stated the following:
“Fan Token is an interactive donating system in which both creators and fans can grow together to benefit from the increasing token value by purchasing the Fan Tokens issued by the creator.”
The same notes reveal the following:
“It uses [the] revolutionary concept ‘high-water mark minting mechanism’ to only allow tokens to be minted when its price goes up.”
According to the notes: “1,000 tokens are minted per every 24-hour time-weighted average price (TWAP) increase of $0.01.”
We suggest that you check out the complete notes from the publication mentioned above and their article in order to learn more details about this.
