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What is WEMIX?

The main gas charge payment method is WEMIX. The 'Brioche' hard fork made WEMIX tokenomics a valuable ecosystem. The hard fork permanently decreased and limited supply to 590 million WEMIX to protect token value and stability. The Brioche hard fork's 'block minting halving' mechanism gradually decreases WEMIX minting every block, called 'Permanent Minting Reward (PMR)' Every block was originally minted with one WEMIX, 86,400 each day or 31,536,000 per year. The first halving reduced annual WEMIX minting to 15 million. A more stable and complex tokenomic structure is created by systematically decreasing token supply in 2-year cycles.

Who Are the Founders of WEMIX?

A division of WEMADE called WEMADE TREE (now Wemix PTE. LTD.) started WEMIX in 2018 with the goal of making a blockchain gaming platform that used tokenomics to connect markets in games and the real world.

WEMADE released its major game, MIR4, on WEMIX in August 2021, which shook the gaming business to its core. After four months, MIR4 has over 1.4 million active users and 20 million registered users from 170 countries, which is a huge success.

Since then, WEMIX has been in charge of P2E. On October 20, 2022, WEMADE launched WEMIX3.0, its own blockchain network, to make the mega-ecosystem stronger and to make WEMIX Coin a coin used in the blockchain industry.

What Makes WEMIX Unique?

WEMIX and the mega-ecosystem are made up of key systems and components that work well on their own and together to help the ecosystem grow and spread. 

1. WEMIX Play is said to be the biggest and fastest play-and-earn (P&E) gaming site in the world. It has a lot of different types of games from around the world that add the "pay" part to the experience loop of players around the world.
2. WEMIX. Fi is the original DeFi website where users can safely and openly do things like swap, stake, pool, borrow, bridge, and more. With its high TPS and low gas fees, WEMIX.Fi says it offers the best and most trustworthy banking services.
3. The WEMIX Wallet is the decentralized native wallet of WEMIX. It lets users manage their funds and crypto assets without having to keep them in custody. It is a non-custodial crypto wallet that gives users full control over their private keys.
4. The macroscope and the microscope are the two parts of the WEMIX Explorer. The macroscope of WEMIX is the collection of data that directly affects the growth of the ecosystem as a whole. The Microscope, on the other hand, is a blockchain viewer that looks at activities in the WEMIX blockchain network, such as specific transactions and block validations.

How is the WEMIX Network Secured?

WEMIX is a fast, open-source system that works with EVM and is driven by SPoA (stakeholder-based proof of authority). It is protected by 40 autonomous authority nodes (40 WONDERS) and run by the best partners in the world.

In EIP-1559, the changeable total gas cost method changes gas rates on the fly to handle spikes in network transactions.