WEMIX

Fan Token, WEMIX PLAY’s pioneering innovative creator service, will newly launch as Fan Token 2.0.Fan Tokens have enabled fans and creators to form a joint economic ecosystem and mutually benefit from each other. This upgrade to Fan Token 2.0 facilitates a closer-knit environment.The existing method of minting new Fan Tokens in response to their price increase remains the same. However, in Fan Token 2.0, users can now directly purchase Fan Tokens with WEMIX$ when the price rises.Please look forward to the new Fan Token system, which will contribute to a healthier and more dynamic fan-based creator economy.For more details, please refer to the information below.[Update Details] ▶ Fan Token Mainnet Migration • The MYRTLE token issued on the PLAY Chain will be migrated to the mainnet. • The existing MYRTLE tokens issued on the PLAY Chain must be converted to the mainnet. • The MYRTLE - pWEMIX$ liquidity pool service on the PLAY Chain will cease, and only withdrawals will be possible. Please withdraw your deposited assets since they can no longer be used after the upgrade to Fan Token 2.0.▶ Vault Structure Changes • The method of minting an additional 1,000 tokens for every $0.01 increase in token price when reaching the previous high price will be maintained. • However, the method of creators exclusively withdrawing and selling the additionally minted tokens in the Vault will shift to fans directly purchasing them at a fixed price at the time of minting. • Fixed price purchases in the Vault can only be made with WEMIX$, and the paid WEMIX$ will be transferred directly to the creators. • With the updated Vault structure, fans are empowered with the option to purchase tokens at a more favorable price, either the fixed price or the market price. This innovation offers a more direct and impactful way to support creators, enhancing the benefits of the previous method of transferring existing Fan Tokens. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/b07cc327a2b04adab6991f0b68da559e.png" />▶ Fan Token Utility Expansion • Services based on Fan Tokens will be launched, allowing creators and fans to communicate more closely and engage in various activities. • NFTs containing exclusive benefits that only creators can offer will be introduced on the WEMIX PLAY NFT service, purchasable exclusively with the respective creator&#39;s Fan Tokens. • Myrtle Sarrosa, the first Fan Token creator, plans to actively engage with fans through a limited quantity of NFTs each month. For more details, please refer to the MONTHLY MYRTLE NFT announcement.[Update Schedule] • Fan Token service maintenance : January 2nd, 2024 at 12:00 ~ Service Open (GMT&#43;9) • NFT page service maintenance : January 4th, 2024 at 11:00 ~ 12:00 (GMT&#43;9) • Fan Token service open : January 4th, 2024 at 12:00 (GMT&#43;9) ※ The update schedule may change due to internal circumstances.[Link] • WEMIX PLAY : <a href="https://wemixplay.com/" rel="noopener noreferrer nofollow">https://wemixplay.com/</a> • Fan Token : <a href="https://wemixplay.com/en/fan-token" rel="noopener noreferrer nofollow">https://wemixplay.com/en/fan-token</a>Thank you.Official WEMIX site announcement : <a href="https://www.wemix.com/communication/fan-token,-the-second-chapter-33fbc31be6bd" rel="noopener noreferrer nofollow">https://www.wemix.com/communication/fan-token,-the-second-chapter-33fbc31be6bd</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>

Fan Token, the second chapter

WEMIX

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