WEMIX is a blockchain gaming platform that seeks to lower the entry barriers into Play-to-Earn (P2E) and GameFi. The project has solved the challenges of low throughput and high transaction fees - the key issues holding back mainstream adoption of blockchain games, by leveraging a combination of public and private blockchain functions.
Its hybrid structure also connects with other intermediary chains, and the multi-chain infrastructure makes the WEMIX ecosystem far more accessible for gaming dApp developers and players. In addition to lowering the financial barriers to entry into the lucrative world of GameFi for consumers, its effective crowdfunding solutions have also helped bring down blockchain game development costs.
WEMIX also offers a simple, three-step process for players looking to onboard and experience blockchain gaming and P2E opportunities within its ecosystem. Its technology has been designed to onboard the one billion-strong active population of gamers into the world of P2E on the WEMIX platform.
The WEMIX Token serves as WEMIX’s native cryptocurrency. This platform-level token reflects the value of the overall WEMIX ecosystem and can be used as a medium of exchange on the platform. In addition, the ecosystem also supports the use of various game tokens to sustain, engage, and grow the gaming experience on offer.
The WEMIX blockchain-based game ecosystem leverages the principle of “sharing and proliferation” to allow game developers to focus on delivering engaging user experiences by increasing the utility of in-game assets and making them more versatile.
WEMIX does not impose technical restrictions on games created using existing dApp tokens and items, thereby encouraging the establishment of a more robust and interlinked gaming ecosystem. The strategy lets game developers focus on more productive aspects of delivering gaming experiences instead of wasting their efforts on inefficient post-launch updates.
WEMIX plans to integrate blockchain technology with the daily content accessed by gamers daily to earn rewards, such as blockchain instant dungeons and hunting areas for MMORPGs, blockchain farms and factory buildings for SNGs, etc. This way, the rewards earned by gamers would be based on blockchain in the form of cryptocurrency tokens to offer a true blockchain-based game service.
The proposed hybrid structured blockchain network consisting of multiple blockchain networks can offer a decentralized gaming system with high throughput, scalability, and low transaction costs. In this manner, the WEMIX ecosystem will support quality games and gaming experiences within its ecosystem.
WEMIX was launched in 2019, followed by the launch of the WEMIX Wallet - the official crypto wallet of the ecosystem in 2020. In the same year, the first game launched on WEMIX - BirdTornado, while the WEMIX Token received its first-ever listing on an exchange - on Bithumb.
The WEMIX DEX was launched in Q1 2021, and more games went live on the platform throughout the year, including MIR4, which went live in H2 2021. The WEMIX crypto was also listed on leading global exchanges.
In the second quarter of 2021, the WEMIX NFT Auction & Market offering was launched, while the project’s scope was also updated. The WEMIX Wallet added support for KLAYswap in the year’s third quarter.
The first NFT game went live on the WEMIX Play-to-Earn platform in 2022. The platform received several critical upgrades in the year, including service advancement and expansion, as well as the development of the WEMIX Community. The WEMIX Token got listed for trading on KuCoin in June 2022.
WEMIX is an interesting crypto asset if you wish to diversify your portfolio and believe in the potential of NFTs and blockchain gaming. As the native token of a blockchain gaming ecosystem, the WEMIX price could register an uptrend as GameFi becomes more popular and grows as a movement.
The price of WEMIX Token could climb higher as more game developers design and deploy their projects on the platform, bringing in more users. The higher on-chain activity could make the WEMIX crypto a valuable investment.
Positive market sentiment towards cryptocurrencies could also play a key role in boosting the WEMIX price statistics. A risk-on mood among global investors encourages buying activity in the crypto market that could drive up the value of WEMIX crypto.
Although it is impossible to offer an accurate WEMIX price prediction, you could monitor the following fundamental factors that could drive price action in this cryptocurrency:
Increasing the number of games launching on the WEMIX platform could drive up on-chain activity and increase users. This, in turn, could increase the demand for the WEMIX crypto and its price.
As developers of the project roll out more features and make the platform more attractive, we could see more game developers launch their projects on WEMIX. This could also contribute to a boost in investor confidence and support the price of WEMIX Token.
The WEMIX price could head higher amid a positive outlook toward cryptocurrencies and the GameFi/Play-to-Earn sector. This could encourage buying activity and send the value of WEMIX higher. On the other hand, a bearish outlook towards cryptos and GameFi could drive investors away from the token and weaken the WEMIX to USD price.
WEMIX Token is the native cryptocurrency and the highest-level token of the WEMIX ecosystem. It serves the following purposes:
WEMIX is used for all transactions within the WEMIX platform, such as exchanging game tokens. It is also the native currency to pay for in-game assets and can be earned by playing games. Game developers also need WEMIX to pay for additional services such as advertising networks, communities, admin consoles, security modules, data analysis tools, universal billing modules, and data storage.
Players within the WEMIX platform receive rewards in the WEMIX cryptocurrency. Developers earn fees in WEMIX tokens through in-game store sales; platform providers earn WEMIX through trading fees and more.
Developers can raise funds for creating and launching their projects on the WEMIX platform with the help of $WEMIX crypto. They can perform pre-sale of fungible and non-fungible tokens used within their games, earn WEMIX from investors, and use the funds to develop their game.
As a WEMIX token holder, you can also participate in staking activities within the WEMIX platform. While you can start playing games for free on WEMIX, to conduct more transactions on the platform, you need to stake WEMIX. This strategy prevents a small set of users’ potential abuse of the gaming ecosystem.
You can trade WEMIX Token against other cryptocurrencies to profit from market conditions and volatility changes. Buy or sell WEMIX against other digital assets or hold it long-term if you believe in the project’s future potential. Review the live price of WEMIX Token, WEMIX market cap, circulating supply, 24-hour trading volume, and the latest crypto news before you trade WEMIX in the market.
You can earn WEMIX Tokens in the following ways:
Trade WEMIX on an exchange by buying or selling the token against other cryptocurrencies. If market conditions are favorable, you could earn profits in WEMIX from your trade and grow your holdings.
You can also earn WEMIX tokens by playing games or completing quests within the WEMIX ecosystem. WEMIX tokens are distributed as rewards in some games.
You can also earn WEMIX by trading in-game assets on the marketplace in exchange for WEMIX crypto. This is a lucrative way to earn WEMIX crypto on the platform.
WEMIX is required to conduct transactions within the gaming ecosystem on the WEMIX platform. You can buy WEMIX crypto on KuCoin or other supported platforms and transfer your tokens into your WEMIX Wallet. Once your WEMIX Wallet is funded with sufficient crypto, you can play games, trade assets, level up, and do more within the WEMIX ecosystem.
You can earn cryptocurrency rewards while playing the popular game MIR4 by leveraging its P2E feature. Here’s how to do this:
1. Download the WEMIX app on your smartphone and register for an account by using your Google account.
2. Log in to your WEMIX account to access the WEMIX Wallet details.
3. Head to your MIR4 interface and click on the Draco tab. Refresh the page.
4. Link your WEMIX account to your MIR4 interface now.
5. Enter your WEMIX account details here, and you can successfully connect your WEMIX Wallet to your MIR4 game.
6. Once you have linked your wallet, your wallet details should appear in the Draco menu at the top of the page.
7. After linking your WEMIX Wallet to MIR4, you can start earning crypto rewards during gameplay.