A blockchain platform focused on gaming defied a sideways crypto market and rallied by 37% this week amid an upcoming hard fork and token burn.

WEMIX  is a crypto project that bills itself as an “experience-based, platform-driven, and service-oriented mega-ecosystem.”

More than 580,000 people use its blockchain game platform, WEMIX Play.

The project’s native token is trading at $1.37 at time of writing, up from $1.01 seven days ago.

WEMIX witnessed gains as users look forward to the “Brioche Hard Fork,” which will overhaul the project’s tokenomics. The hard fork is slated for July 1st.

Explains WEMIX,

“This pivotal milestone will introduce a revised minting rule, reducing the issuance of WEMIX per block through 16 updates. This change aims to enhance the value and growth of WEMIX, marking the first step towards mutual growth with the community.

Secondly, WEMIX will unveil an enhanced WEMIX PLAY, where ecosystem performance directly impacts tokenomics. Notably, the objective is to ensure that the revenue growth driven by expanding games directly influences the WEMIX ecosystem.”

The WEMIX foundation also says it plans to burn approximately 435 million WEMIX tokens held in reserve.

“The burning of the foundation reserves will decrease the available supply, transitioning WEMIX from a foundation-driven ecosystem to a community-driven one. This shift fosters a community-friendly tokenomics model that promotes mutual growth.”

Despite the gains this week, WEMIX still remains more than 94% down from its all-time high of $24.71, which it hit back in November 2021, according to CoinGecko.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Blockchain Gaming Platform Surges by 37% This Week Amid Upcoming Hard Fork and Token Burn appeared first on The Daily Hodl.

A blockchain platform focused on gaming defied a sideways crypto market and rallied by 37% this week amid an upcoming hard fork and token burn.

WEMIX  is a crypto project that bills itself as an “experience-based, platform-driven, and service-oriented mega-ecosystem.”

More than 580,000 people use its blockchain game platform, WEMIX Play.

The project’s native token is trading at $1.37 at time of writing, up from $1.01 seven days ago.

WEMIX witnessed gains as users look forward to the “Brioche Hard Fork,” which will overhaul the project’s tokenomics. The hard fork is slated for July 1st.

Explains WEMIX,

“This pivotal milestone will introduce a revised minting rule, reducing the issuance of WEMIX per block through 16 updates. This change aims to enhance the value and growth of WEMIX, marking the first step towards mutual growth with the community.

Secondly, WEMIX will unveil an enhanced WEMIX PLAY, where ecosystem performance directly impacts tokenomics. Notably, the objective is to ensure that the revenue growth driven by expanding games directly influences the WEMIX ecosystem.”

The WEMIX foundation also says it plans to burn approximately 435 million WEMIX tokens held in reserve.

“The burning of the foundation reserves will decrease the available supply, transitioning WEMIX from a foundation-driven ecosystem to a community-driven one. This shift fosters a community-friendly tokenomics model that promotes mutual growth.”

Despite the gains this week, WEMIX still remains more than 94% down from its all-time high of $24.71, which it hit back in November 2021, according to CoinGecko.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Blockchain Gaming Platform Surges by 37% This Week Amid Upcoming Hard Fork and Token Burn appeared first on The Daily Hodl.