WEMIX

On December 13th, 2022, the WEMIX Team announced Deflationary Tokenomics, referring to a tokenomics structure in which total supply decreases over time. In the early stages of an ecosystem&#39;s growth, the amount burned is relatively low compared to the block reward(PMR), resulting from Inflationary Tokenomics. However, as the ecosystem expands, the gap between the amount burned and the block reward decreases, and Deflationary Tokenomics will be effectively achieved when the amount burned matches the block reward rate (break even block) or exceeds the plateau point (golden cross).▷ Reference Link: <a href="https://medium.com/wemix-communication/wemix-mass-burn-to-deflationary-tokenomics-cddb9db04f58" rel="noopener noreferrer nofollow">https://medium.com/wemix-communication/wemix-mass-burn-to-deflationary-tokenomics-cddb9db04f58</a>To reach a complete Deflationary Tokenomics stage, WEMIX requires a &#34;time of growth&#34; supplemented by the foundation&#39;s efforts, investments, and the community&#39;s trust and support. Over the past year, the WEMIX community has consistently supported the WEMIX3.0 ecosystem. In gratitude for the community&#39;s trust, the WEMIX Foundation will conduct the 3rd Mass Burn for 2024 Deflationary Tokenomics, outlined below, to secure this &#34;time of growth&#34;.With the proactive execution of the 3rd Mass Burn for 2024, the year 2024 will maintain Deflationary Tokenomics, ensuring the total supply decreases. The Foundation is committed to furthering this deflation through additional Burns facilitated by the ecosystem’s development.&gt; WEMIX Burn Summary • Date: December 12th, 2023 • Quantity: 32,000,000 WEMIX • Impact on Circulating Supply: no change in circulation even though the circulating supply increases temporarily when WEMIX is transferred from Ceffu Custody Reserve Wallet to Fireblocks Circulation Wallet. • Impact on Total Supply: the total supply decreases by 32,000,000 WEMIX as 32,000,000 is transferred from Ceffu Reserve Wallet to the Mass Burn Contract.&gt; WEMIX Burn Details #1. [WEMIX Transfer] Ceffu Custody Reserve Wallet (<a href="https://explorer.wemix.com/address/0x707505bA20F8149a6515D64EC02d5Be4c4724b35/txs?currentPage&#61;1&amp;size&#61;50" rel="noopener noreferrer nofollow">0x7075…4b35</a>) ▷ Fireblocks Circulation Wallet (<a href="https://explorer.wemix.com/address/0xAfB21f146EFCc7f500c9CA18C08Fbc10CC037b64" rel="noopener noreferrer nofollow">0xAfB2...7b64</a>) • Quantity: 32,000,000 WEMIX • TX Hash: <a href="https://explorer.wemix.com/tx/0x04e4c5fb2f309afa90a1c256180ebed431bdf74a9ac2f2684363ab7e2990b735" rel="noopener noreferrer nofollow">0x04e4c5fb2f309afa90a1c256180ebed431bdf74a9ac2f2684363ab7e2990b735</a>#2. [WEMIX Burn] Fireblocks Circulation Wallet (<a href="https://explorer.wemix.com/address/0xAfB21f146EFCc7f500c9CA18C08Fbc10CC037b64" rel="noopener noreferrer nofollow">0xAfB2...7b64</a>) ▷ Mass Burn Contract (<a href="https://explorer.wemix.com/address/0x9Accb7dcB2987Ab671c6B03e0AfbC454296A6555/txs" rel="noopener noreferrer nofollow">0x9Acc…6555</a>) • Quantity: 32,000,000 WEMIX • TX Hash: <a href="https://explorer.wemix.com/tx/0x20a2cb3e3f9f9788b0b309100a0497033682778a038537536cac6353299bf91a" rel="noopener noreferrer nofollow">0x20a2cb3e3f9f9788b0b309100a0497033682778a038537536cac6353299bf91a</a> <a href="https://explorer.wemix.com/tx/0x53793c39381a6faebfa27fa6a82c3899f09f8156f750fd64326b57f457a069c2" rel="noopener noreferrer nofollow">0x53793c39381a6faebfa27fa6a82c3899f09f8156f750fd64326b57f457a069c2</a>After the Mass Burn, as of December 12th 17:30 (KST), the Cumulative Total Minted and the Total Supply are as follows:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/63145aaabba24940927ffbbd020ac02b.png" />Thank you.Circulating Supply may increase temporarily when WEMIX is transferred from Ceffu Custody Reserve Wallet to Fireblocks Circulation Wallet.Official WEMIX site announcement: <a href="https://www.wemix.com/communication/wemix-mass-burn-%2832,000,000-wemix%29-f1150209716f" rel="noopener noreferrer nofollow">https://www.wemix.com/communication/wemix-mass-burn-(32,000,000-wemix)-f1150209716f</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">X (formerly 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>

WEMIX 3rd Mass Burn To Deflationary Tokenomics

WEMIX

Other articles published on Dec 12, 2023

The Crypto Market Surge: Insider Trading Insights

Top 10 Projects in the Bitcoin Ecosystem

VanEck Predicts Blockchain Gaming Will Reach Its Full Potential Soon; Great News for Meme Moguls ...

The Dynamics of Bitcoin and Altcoins: An Analyst’s Insight

Arena group’s CEO ousted amid AI-generated content scandal

Shiba Inu’s Shytoshi Kusama among 50 most influential people in 2023, Meme Moguls farming program...

Join our free newsletter for daily crypto updates!