WEMIX

As part of the community and investor protection measures, 10,000,000 USD worth of <a href="https://medium.com/wemix-communication/wemix-buyback-burn-to-deflationary-tokenomics-c8b310e6123e" rel="noopener noreferrer nofollow">WEMIX Buyback &amp; Burn Campaign</a> was announced on December 9, 2022. The <a href="https://medium.com/wemix-communication/intermediate-report-of-wemix-buyback-burn-1-of-3-7-901-403-62-wemix-56323a935189" rel="noopener noreferrer nofollow">1st</a> and <a href="https://medium.com/wemix-communication/intermediate-report-of-wemix-buyback-burn-2-of-3-5-174-659-51-wemix-eb7c9c66bba7" rel="noopener noreferrer nofollow">2nd </a>Buyback &amp; Burn were conducted on January 6 and February 9 of 2023, respectively. The following details the 3rd and final WEMIX Buyback &amp; Burn Campaign.
&gt; 3rd Buyback &amp; Burn: ● 3rd Buyback amount: 2,316,396.65 WEMIX ● 3rd Buyback value: 4,000,000 USD ● Buyback organization: Algorith Capital(WONDER39) ● Average Price: 1.7268 USD ● Exchanges: All WEMIX listed exchanges and WEMIX.Fi ● Burning amount: Total of 2,316,382.80 WEMIX (excluding the transfer fee of 13.85 WEMIX) ● Impact on Circulation : The circulating supply of WEMIX decreases as the Buyback campaign involves purchasing and burning of circulating WEMIX
#1 [WEMIX Transfer] Retrieval wallet (<a href="https://explorer.wemix.com/address/0x488F83fe9B89F2e039ECbdFA0D2cF22c900514cc/txs" rel="noopener noreferrer nofollow">0x488F…14cc</a>)▷Dead Wallet (<a href="https://explorer.wemix.com/address/0x000000000000000000000000000000000000dEaD/txs" rel="noopener noreferrer nofollow">0x0000…dEaD</a>) ● Amount : 2,316,382.80 WEMIX ● TX Hash : <a href="https://explorer.wemix.com/tx/0x967a006a0520b8e9681e54e47ca43c111e5a8b0bfc35f84107c5511967398325" rel="noopener noreferrer nofollow">0x967a006a0520b8e9681e54e47ca43c111e5a8b0bfc35f84107c5511967398325</a>
Accordingly, the average price of the 1st to 3rd cumulative buybacks of the Buyback &amp; Burn campaign is 0.6497 USD, with the total quantity of 15,392,459.78WEMIX, and the cumulative burn excluding the transfer fee is 15,392,444.22 WEMIX. The detailed breakdown for each round is as follows:
● 1st Buyback &amp; Burn amount: 7,901,403.62 WEMIX (average price: 0.3797 USD) ● 2nd Buyback &amp; Burn amount: 5,174,659.51 WEMIX (average price: 0.5797 USD) ● 3rd Buyback &amp; Burn amount: 2,316,382.80 WEMIX (average price: 1.7268 USD)
As such, the WEMIX Buyback &amp; Burn Campaign launched as part of WEMIX's Deflationary Policy in December 2022 to protect the community and investors will come to a close in March 2023.
WEMIX has achieved practical growth based on utility—which no other blockchain in the world has been able to achieve—and has successfully overcome temporary challenges to prove its value.
Moving forward, the foundation will continue to build a token-deflationary economy by burning gas fees according to the Gas Fee Burn Policy and quarterly burning 25% of all WEMIX3.0 platform and investment revenues accrued by the Foundation—all to ensure that the growth of the WEMIX ecosystem benefits the community and investors with an increasing value over time.
We would like to thank the community and investors’ unwavering support and faith in WEMIX.
WEMIX Team

WEMIX Medium Announcement: <a href="https://medium.com/wemix-communication/final-report-of-wemix-buyback-burn-3-of-3-2-316-396-65-wemix-7e8fe15c0033" rel="noopener noreferrer nofollow">https://medium.com/wemix-communication/final-report-of-wemix-buyback-burn-3-of-3-2-316-396-65-wemix-7e8fe15c0033</a>
WEMIX Communication Channels: <a href="https://twitter.com/WemixNetwork" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://medium.com/wemix-communication" rel="noopener noreferrer nofollow">Medium</a> | <a href="https://t.me/WEMIX_ANNouncement" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://www.facebook.com/WEMIXBlockchain/" rel="noopener noreferrer nofollow">Facebook</a> | <a href="https://www.reddit.com/user/WemixNetwork/" rel="noopener noreferrer nofollow">Reddit</a>

Final Report of WEMIX Buyback & Burn(3 of 3) [2,316,396.65 WEMIX]

WEMIX

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