Buy WEMIX
What is WEMIX?
WEMIX is a decentralized, scalable layer 1 blockchain platform designed for mass adoption, particularly within the gaming industry. It is part of a broader web 3.0 mega-ecosystem powered by the WEMIX3.0 mainnet. The platform integrates gaming, finance, and community aspects, emphasizing user-centric experiences through its blockchain gaming platform, WEMIX PLAY, and the decentralized finance platform, WEMIX.Fi.
How does WEMIX work?
WEMIX operates using a Stake-based Proof of Authority (SPoA) consensus mechanism. The network is secured by 40 decentralized authority nodes, known as "40 WONDERS," which are operated by global partners. It offers high throughput of 4,000 transactions per second (TPS) with a quick 1-second block interval, optimized for applications like gaming. WEMIX is compatible with Ethereum Virtual Machine (EVM), allowing seamless deployment of smart contracts using Ethereum-based tools.
What are the potential use cases for WEMIX?
The main use cases for WEMIX include:
- Gaming: WEMIX provides a blockchain gaming platform, WEMIX PLAY, where users can engage in play-to-earn mechanics and receive rewards.
- Decentralized Finance (DeFi): Through WEMIX.Fi, users can access financial services like lending and borrowing.
- Non-Fungible Tokens (NFTs): The platform supports the issuance and trading of NFTs, focusing on stabilising game economies.
- Blockchain Infrastructure: Plans include launching a Layer 2 Ethereum network using zero-knowledge proof protocols to enhance scalability and security.
What is the history of WEMIX?
WEMIX was founded by WEMADE Tree Pte. Ltd, a South Korean company, in 2018. It gained prominence with the release of its flagship game, MIR4, in August 2021, which was the first MMORPG to integrate a blockchain economy. On October 20, 2022, the company launched WEMIX3.0, an independent blockchain network aimed at enhancing its mega-ecosystem and solidifying WEMIX Coin's role in the blockchain industry. Since its inception, WEMIX has been at the forefront of the play-to-earn market and has a substantial market presence with a current market cap of over $421 million USD.
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Frequently Asked Questions (FAQs)
What is the current price of WEMIX (WEMIX)?
The WEMIX price is $1.3117 AUD, representing a -6.67% from the day prior.
Where is the best place to buy WEMIX (WEMIX) in Australia?
The best place to buy WEMIX (WEMIX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell WEMIX (WEMIX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of WEMIX (WEMIX)?
The trading volume of WEMIX (WEMIX) is $5.8M AUD in the last 24hrs, representing a -6.67% from the day prior.
How can I buy WEMIX (WEMIX)?
WEMIX (WEMIX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of WEMIX (WEMIX)?
The current market cap of WEMIX (WEMIX) is $540.5M AUD.
Can I convert WEMIX (WEMIX) to cash?
Yes - With Coinstash you can convert your WEMIX (WEMIX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many WEMIX (WEMIX) are there?
The current circulating supply of WEMIX (WEMIX) is 415.0M.
Is Coinstash a safe place to buy WEMIX (WEMIX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling WEMIX (WEMIX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.