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What is WEMIX?
WEMIX, the native coin of the WEMIX mega-ecosystem, serves as the primary medium of exchange and payment method for gas fees. With the introduction of the ‘Brioche’ hard fork, WEMIX tokenomics have undergone significant transformations, creating a sustainable and value-driven ecosystem. The hard fork permanently reduced and capped the total supply at 590 million WEMIX to preserve the token’s value and stability. The ‘block minting halving’ mechanism, introduced by the Brioche hard fork, is designed to gradually reduce the minting rate of WEMIX per block called ‘Permanent Minting Reward (PMR)’ over time. Initially, WEMIX was minted at a rate of 1 WEMIX per block, amounting to 86,400 WEMIX per day or 31,536,000 WEMIX per year. The first halving reduced the annual minting amount to about 15 million WEMIX. This systematic reduction continues in 2-year cycles, progressively decreasing the number of tokens minted and fostering a more stable and advanced tokenomic structure.
Official Website: https://wemix.com
