WEMIX introduced a new mainnet, WEMIX3.0, and a 100% collateralized stablecoin, WEMIX$ (USDW), to pursue a platform-driven and service-oriented mega-ecosystem. The team aims to create a secure mainnet fused with a stablecoin protocol to expand and develop the ecosystem with the partners of WEMIX.

• The launch of the testnet on July 1st will focus on 3 major components: decentralization, security and scalability.

WEMIX3.0 has incorporated various skills and worked with advanced and verified partners to meet the main requirements of blockchain networks.

WEMIX3.0 will be operated with 40 decentralized nodes to create the safest environment from external threats. The mainnet itself was developed to create a public chain where games, DeFi protocols and other blockchain services can smoothly transition and join the network.

The testnet for WEMIX3.0 will launch on July 1st and will continue until all compromises and loopholes have been found and corrected.

• 100% collateralized stablecoin, WEMIX$

WEMIX will be issuing its own 100% fully collateralized stablecoin, WEMIX$. WEMIX$, the official stablecoin of WEMIX3.0, is issued by the protocol with 100% collateralization of on-chain and off-chain secure assets such as USDC and Fiat currencies.

The WEMIX$ will function as a store of value, unit of account and medium of exchange within the ecosystem. The WEMIX coin will be used as a utility coin that emcompasses all assets within the WEMIX3.0 ecosystem.

• WEMIX Play (game), NILE (DAO), DeFi Protocols

WEMIX introduced three pillars of the tripod cauldron, which are WEMIX Play, NILE (NFT Is Life Evolution) and DeFi services, and WEMIX token and WEMIX dollar will become the key currency of these three platforms.

WEMIX Play aims to become the best blockchain gaming platform. Users can earn resources from games on the WGC (WEMIX Game Chain) and invest those resources in other games, thus creating a Play & Earn, and Pay paradigm.

Through NILE, users can create and manage various DAO projects focused on concerts, art exhibitions, sports games, on-chain/off-chain investments, real estate businesses and more. The Neith Protocol by Wemade and smart contracts allow users to create independent communities and operate transparently.

WEMIX DeFi service offers vibrant services including highly-secured on-chain swaps, staking programs, bridges, crypto bonds, chain-wide auctions and WEMIX$ lending. The DeFi service will rapidly and safely manage the transfer of WEMIX$.

“WEMIX, which is already a proven blockchain gaming platform, plans to expand the WEMIX ecosystem with WEMIX3.0,” said Henry Chang, CEO of Wemade. “The WEMIX$ will be a basis for a stable economic system, while the ecosystem is expanding to fully include game, DAO+NFT and DeFi areas, creating a powerful original mainnet.”

Please watch our Youtube video on our official WEMIX website.

About WEMIX

WEMIX is a blockchain gaming platform developed by WEMIX Pte. Ltd, providing services including cryptocurrency wallet, decentralized exchange, NFT item marketplace, WEMIX staking and the game gateway. WEMIX Pte. Ltd is a subsidiary of Wemade, the developer and owner of “The Legend of Mir” IP, a highly successful game with over 500 million users.

About Wemade

Wemade is a pioneer in game development from Korea. Their focus is ever-shifting towards metaverse and blockchain (NFT, DeFi) technology with an emphasis on personalizing the gaming experience. Wemade strives to transform everyday games with blockchain technology and establish its WEMIX token as a key currency in the gaming industry.