WEMIX

The WEMIX AMA was held every quarter from March 2023 to September 2023 to have an open discussion to share constructive feedback, suggestions, and opinions regarding the WEMIX project. The previous WEMIX AMAs have helped build trust and enhance transparency between the WEMIX team and community. The following are responses to questions and suggestions provided by panelists who have participated in the past 3 WEMIX AMAs, and these suggestions have been categorized into [Service], [Foundation], [Community], and [Others].<h4>[Service]</h4>&#x1f4cc; Providing regular updates of games on WEMIX PLAYThe WEMIX team is providing timely updates regarding newly onboarded games, upcoming launches, game postponements, and termination of services through official channels. Delivering more accurate and prompt updates to the community will remain a priority for the team. Additionally, the announcement regarding AquaTornado can be found at the link below.AquaTornado Announcement: <a href="https://www.wemix.com/communication/b8c99776-1738-4725-b951-a9332678b3a9" rel="noopener noreferrer nofollow">link</a>&#x1f4cc; Implementing 2-Step Verification in WEMIX WalletFrequent transactions occur in service-oriented Web3 wallets such as WEMIX Wallet due to the nature of Web3, and implementing 2-Step Verification is expected to affect the usability of WEMIX Wallet. As a result, although there are no plans to apply 2-Step Verification at this stage, the team will actively discuss ways to enhance security while minimizing the impact on usability. Furthermore, the upcoming launch of una Wallet will incorporate MPC (multi-party computation) technology and social logins for optimized usability and security.&#x1f4cc; Upgrading the PoET reward distributionPoET(Proof of Ecological Transaction) distributes the Eco Fund PMR as a reward to those who contribute to the growth of the WEMIX3.0 blockchain network. Reward recipients are builders with Verified Contracts and users who complete VET (Verified Ecological Transactions). On September 18, the Distribution Policy was updated so that rewards are distributed proportionally based on the VET gas fees. Accordingly, rewards are allocated according to the percentage of gas spent within the block. As the gas used by general users is currently significantly higher than bot transactions, most rewards are distributed to builders and users who have contributed to VET (refer to the updated policy <a href="https://docs.wemix.com/v/en/design/eco-fund/poet/distribution-amount#v2-proportional-distribution-based-on-the-vet-gas-fees" rel="noopener noreferrer nofollow">here</a>).&#x1f4cc; Whitelisting WEMIX Wallet in WEMIX — listed digital asset exchangesWEMIX Wallet and PLAY Wallet are <a href="https://streami.atlassian.net/wiki/spaces/GHC/pages/1148125310" rel="noopener noreferrer nofollow">whitelisted</a> in the <a href="https://www.wemix.com/communication/eaae76b8-8373-4ac3-8330-2fb2bdc634ab" rel="noopener noreferrer nofollow">newly listed GOPAX Exchange</a>. The WEMIX team will continue to request the whitelisting of WEMIX Wallet in other exchanges, and a separate announcement will be made upon registration completion.&#x1f4cc; Improving the user experience of PLAY WalletSince the WEMIX3.0 mainnet migration of WEMIX PLAY in July, PLAY Wallet was also <a href="https://www.wemix.com/communication/d99a4c42-7a46-4756-9478-e64c88672c2a" rel="noopener noreferrer nofollow">updated</a> significantly to simplify and increase the user experience. Per the update, users can access GameFi on PLAY Wallet to exchange tokens in different networks. Furthermore, with the PLAY Wallet <a href="https://www.wemix.com/communication/64bf9bd3-46a3-47c4-a7e1-5dd0d521b20e" rel="noopener noreferrer nofollow">renewal</a> in November, the token swap service has been enhanced, and biometric authentication has been enabled.&#x1f4cc; SSS (Streamer Support System) Distribution for Night Crows GlobalSeparate from the Korean version of Night Crows, a portion of Night Crow Global’s revenue will be used to acquire WEMIX for SSS (Streamer Support System) distribution. Details regarding the distribution time and method will be shared according to the launch of Night Crows Global.<h4>[Foundation]</h4>&#x1f4cc; Regarding the WEMIX Burn policy of the FoundationThe WEMIX Deflationary Policy is designed for the continued growth of the WEMIX mega-ecosystem by balancing tokens issued and burned by burning a portion of the Foundation’s WEMIX and revenue. Beginning in 2023, the Foundation has burned all gas fees and a portion of the Foundation’s revenue from capital recovery via investments made and platform revenue. Although it is difficult to provide regular updates for investments made by the foundation, any realized gains through investments will be disclosed in the corresponding Quarterly Report. Details of the Foundation Revenue and corresponding WEMIX Burns in the WEMIX Quarterly Reports are as follows:<img src="https://academy-public.coinmarketcap.com/optimized-uploads/db7212e393a74a3f805444c31bad7c79.png" />Please refer to the links below for previous Quarterly Reports: • Quarterly Report FY2023 Q3: <a href="https://www.wemix.com/communication/acf85ea3-8ee9-42a7-a0d2-26f9b8a44fe6" rel="noopener noreferrer nofollow">https://www.wemix.com/communication/acf85ea3-8ee9-42a7-a0d2-26f9b8a44fe6</a> • Quarterly Report FY2023 Q2: <a href="https://www.wemix.com/communication/f10616fa-e49e-4e27-98b9-d20ac8653326" rel="noopener noreferrer nofollow">https://www.wemix.com/communication/f10616fa-e49e-4e27-98b9-d20ac8653326</a> • Quarterly Report FY2023 Q1: <a href="https://medium.com/wemix-communication/wemix-quarterly-report-fy2023-q1-c3453d5af1f9" rel="noopener noreferrer nofollow">https://medium.com/wemix-communication/wemix-quarterly-report-fy2023-q1-c3453d5af1f9</a>&#x1f4cc; On disclosures for revenue gained from investments and dividends made by the FoundationAs mentioned above, while providing individual and regular updates regarding investments made by the Foundation is difficult, any gains realized through investment shares and dividends will be disclosed in the corresponding quarterly report. The relevant sections that disclose realized gains and the corresponding WEMIX Burn in the WEMIX Quarterly Reports are as follows:<img src="https://academy-public.coinmarketcap.com/optimized-uploads/017b485159644d8780779f64b8ac765b.png" />&#x1f4cc; Development of a platform showing real-time revenue and on-chain performanceA platform that reflects accurate real-time revenue is difficult to develop immediately, but a breakdown of the revenue made in the quarter can be found in the WEMIX Quarterly Reports. Platform Revenue received in WEMIX is disclosed in 2.1. Net Changes in Foundation-Owned WEMIX Reserve, (3) WEMIX Revenue, Platform revenue received in assets other than WEMIX on 2.2. Net Changes of Foundation-Owned Cash Equivalent Assets, (3) Cash and Cash Equivalent Revenue, and Capital Recovery on 2.2. Net Changes of Foundation-Owned Cash Equivalent Assets, (2) Capital Recovery.Furthermore, various on-chain indicators such as the number of transactions, transaction volume, new addresses, TPS, etc., can be tracked using WEMIX Explorer and WEMIX Scan to understand the transaction activity and network usage of the WEMIX3.0 network.• WEMIX Explorer: <a href="https://explorer.wemix.com/" rel="noopener noreferrer nofollow">https://explorer.wemix.com/</a> • WEMIX Scan: <a href="https://wemixscan.com/charts" rel="noopener noreferrer nofollow">https://wemixscan.com/charts</a><h4>[Community]</h4>&#x1f4cc; Opening suggestion channels to the WEMIX CommunityProposals and suggestions related to the WEMIX3.0 platforms can be freely submitted at any time using the link below. Specific inquiries related to WEMIX.Fi, NILE, and WEMIX PLAY can be submitted at any time through “Submit a Request” at the top right corner using the links below.• Submit a Suggestion: <a href="https://wemadewemix.zendesk.com/hc/en-us/requests/new" rel="noopener noreferrer nofollow">https://wemadewemix.zendesk.com/hc/en-us/requests/new</a> • WEMIX.Fi Support Center: <a href="https://wemixfi.zendesk.com/hc/en-us" rel="noopener noreferrer nofollow">https://wemixfi.zendesk.com/hc/en-us</a> • NILE Support Center: <a href="https://nile-cs.zendesk.com/hc/en-us" rel="noopener noreferrer nofollow">https://nile-cs.zendesk.com/hc/en-us</a> • WEMIX PLAY Support Center: <a href="https://wemixplay.zendesk.com/hc/en-us" rel="noopener noreferrer nofollow">https://wemixplay.zendesk.com/hc/en-us</a>&#x1f4cc; Updating WEMIX Announcements on PAPYRUS MessengerThe second version of PAPYRUS Messenger, released on <a href="https://www.wemix.com/communication/2e740409-b492-4fd1-95e2-8302b1d0ebbf" rel="noopener noreferrer nofollow">November 9th</a>, is the representative blockchain messenger of the WEMIX3.0 mega-ecosystem and will be connected to una Wallet and Wepublic Wallet in the future. Once the PAPYRUS service is stable, WEMIX Official Announcements will be made via PAPYRUS.<h4>[Others]</h4>&#x1f4cc; Sales of WEMIX MerchThere are no current plans to produce WEMIX merch for sale — nevertheless, the WEMIX team will consider various ways to provide WEMIX merch to the community in the future.Official WEMIX site announcement: <a href="https://www.wemix.com/communication/update-on-wemix-ama-community-questions-d3af2a7ab4dd" rel="noopener noreferrer nofollow">https://www.wemix.com/communication/update-on-wemix-ama-community-questions-d3af2a7ab4dd</a>WEMIX Community: ● WEMIX Official Webpage: <a href="https://www.wemix.com/communication" rel="noopener noreferrer nofollow">wemix.com</a> ● Medium: <a href="https://medium.com/wemix-communication" rel="noopener noreferrer nofollow">WEMIX Communication</a> | <a href="https://medium.com/wemix-play" rel="noopener noreferrer nofollow">WEMIX PLAY</a> | <a href="https://medium.com/nile-official" rel="noopener noreferrer nofollow">NILE</a> ● WEMIX Channels: <a href="https://twitter.com/WemixNetwork" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://www.facebook.com/WEMIXBlockchain" rel="noopener noreferrer nofollow">Facebook(WEMIX Platform)</a> | <a href="https://www.facebook.com/WEMIXGames" rel="noopener noreferrer nofollow">Facebook(WEMIX Games)</a> | <a href="https://t.me/WEMIX_ANNouncement" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://www.reddit.com/user/WemixNetwork" rel="noopener noreferrer nofollow">Reddit</a>

Update on WEMIX AMA Community Questions

WEMIX

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