Update on the Foundation-Owned Wallet Status
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Update on the Foundation-Owned Wallet Status

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1 year ago

Update on the Foundation-Owned Wallet Status
The WEMIX team is actively involved in various communication channels to build WEMIX3.0 as the world’s most transparent blockchain ecosystem. With the launch of Xangle’s Live Watch in December 2022, live monitoring of the circulating supply of WEMIX was enabled. The service allows the community and investors to check the list of Foundation-Owned wallets, along with the remaining balance and circulation status.

Of the Foundation-Owned wallets listed on Xangle, the WEMIX Klayswap Wallet which receives rewards from the staking deposit in Klayswap is classified as a non-circulating wallet on Xangle. To ensure that the circulation status aligns with the purpose of the wallet, the circulation status of the corresponding wallet will be updated to a circulating wallet.

As a result, the 192.92 WEMIX Classic remaining in the WEMIX Klayswap Wallet will be modified from a non-circulating supply to a circulating supply. Per Xangle as of March 30, 2023, 12:00 PM KST, the circulating supply of WEMIX Classic will increase by 0.00000100732% from 191,516,457.48 WEMIX Classic to 191,516,650.4 WEMIX Classic.

The WEMIX team will continue to communicate and contribute to the growth of the transparent WEMIX3.0 ecosystem.

Thank you.

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