WEMIX

## **What Is WEMIX3.0 (Mainnet)?**

WEMIX3.0 [mainnet](https://coinmarketcap.com/alexandria/glossary/mainnet) is an “experience-based, platform-driven & service-oriented decentralized blockchain protocol” which powers a “mega-ecosystem” of [web 3.0](https://coinmarketcap.com/alexandria/glossary/web-3-0) platforms. The mainnet is a high-performance [Ethereum Virtual Machine](https://coinmarketcap.com/alexandria/glossary/ethereum-virtual-machine-evm) (EVM) compatible [open-source](https://coinmarketcap.com/alexandria/glossary/open-source) protocol powered by the SPoA (Stake-based [Proof of Authority](https://coinmarketcap.com/alexandria/glossary/proof-of-authority-poa)) [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism). The mainnet claims to offer the highest security possible, based on [decentralized](https://coinmarketcap.com/alexandria/glossary/decentralized) [on-chain](https://coinmarketcap.com/alexandria/glossary/on-chain) [governance](https://coinmarketcap.com/alexandria/glossary/governance) via 40 Node Council Partners(NCP), also known as 40 WONDERS, while still ensuring high [transaction per second](https://coinmarketcap.com/alexandria/glossary/transactions-per-second) (TPS). Consensus will evolve towards complete decentralization through a multi-phase democratized governance.


## **What Is WEMIX?**

WEMIX is the native coin of the WEMIX mega-ecosystem, used as a medium of exchange and payment method for [gas fees](https://coinmarketcap.com/alexandria/glossary/gas). One WEMIX coin is [minted](https://coinmarketcap.com/alexandria/glossary/minting) per each subsequent [block](https://coinmarketcap.com/alexandria/glossary/block) created, and PMR (Permanent Minting Reward) is distributed respectively to NCP (50%), ecosystem fund (25%) and maintenance (25%).


## **Who Are the Founders of WEMIX?**

WEMIX was founded in 2018 by WEMADE TREE(now Wemix PTE. LTD.), a subsidiary company of WEMADE, and began the journey with a solid vision to create a blockchain gaming platform servicing various games, connecting the in-game and the real world economy via tokenomics.

In August of 2021, WEMADE launched the flagship title, MIR4, on the WEMIX platform, triggering an unprecedented paradigm shift in the gaming industry. MIR4 has achieved unequaled success only four months into launch with more than 1.4M concurrent users and 20M cumulative registered users from more than 170 countries worldwide.

WEMIX has spearheaded the P2E market ever since. On October 20th 2022, WEMADE released WEMIX3.0, its own independent blockchain network, to further enhance the mega-ecosystem and establish WEMIX Coin as a key currency in the blockchain industry.


## **What Makes WEMIX Unique?**

WEMIX and the mega-ecosystem contains individually functional and collectively aligned key platforms and components that directly contribute to its growth and expansion.

The ecosystem contains:

WEMIX Play: Claimed to be world's largest and fastest play-and-earn (P&E) gaming platform home to numerous multi-genre games from all over the world that implements the "pay" segment into the experience cycle of global gamers.

NILE: The next-generation DAO-powered community platform built for the creation, facilitation, and management of projects through the Neith Protocol (programmable [smart contract](https://coinmarketcap.com/alexandria/glossary/smart-contract) mechanism), innovating opportunities realized through collective potential.

WEMIX.Fi: The official [DeFi](https://coinmarketcap.com/alexandria/glossary/defi) platform that provides secure and transparent services for users such as [swap](https://coinmarketcap.com/alexandria/glossary/token-swap), [staking](https://coinmarketcap.com/alexandria/glossary/staking), [pool](https://coinmarketcap.com/alexandria/glossary/liquidity-pool), borrow, [bridge](https://coinmarketcap.com/alexandria/glossary/bridges) and more. With high TPS and low gas fees, WEMIX.Fi claims to ensure the best experience with reliable financial services.

WEMIX$: The official [stablecoin](https://coinmarketcap.com/alexandria/glossary/stablecoin) protocol with 100% collateralization of on-chain and off-chain secure assets such as USDC and Fiat currencies, adhering to the philosophy that quantitative growth of WEMIX$ leads to the qualitative growth of WEMIX.

WEMIX Wallet: The decentralized native [wallet](https://coinmarketcap.com/alexandria/glossary/hot-wallet) of WEMIX that provides experience-centric services in managing funds and crypto-assets without the need of custody over them; the wallet is a non-custodial crypto wallet designed to provide users sole control over their [private keys](https://coinmarketcap.com/alexandria/glossary/private-key-secret-key).

WEMIX Explorer: There are two components to the WEMIX Explorer, the Macroscope and the Microscope. The Macroscope of WEMIX is the collection of data that directly influences the growth of the ecosystem as a whole, whereas the Microscope analyzes activities including detailed transactions and block validations within the WEMIX blockchain network — known as a [blockchain explorer](https://coinmarketcap.com/alexandria/glossary/blockchain-explorer).

Papyrus: Papyrus is a seamless token-based communication tool that connects people with common interests based on the tokens and NFTs the users hold.

40 WONDERS: Also known as Node Council Partners(NCP), 40 WONDERS is constituted by technology sponsors and ecosystem sponsors that represent the interests of the WEMIX community as a whole, and secure WEMIX network via governance.


### Related Pages

Check out [Gala Games](https://coinmarketcap.com/currencies/gala/) (GALA) — a blockchain gaming platform aiming to make “blockchain games you’ll actually want to play.”

Check out [Illuvium](https://coinmarketcap.com/currencies/illuvium/) (ILV) — an AAA-rated open-world fantasy battle game built on the Ethereum blockchain.

Find out more about [Axie Infinity](https://coinmarketcap.com/currencies/axie-infinity/) (AXS) — the blockchain-based trading and battling game that kicked off the play-to-earn trend.

Learn more about [The Sandbox](https://coinmarketcap.com/currencies/the-sandbox/) (SAND) and [Decentraland](https://coinmarketcap.com/currencies/decentraland/) (MANA) — two popular metaverse-focused gaming platforms.

Keep up with the latest crypto news, project deep dives and more on [CoinMarketCap Alexandria](https://coinmarketcap.com/alexandria).


## **How Is the WEMIX Network Secured?**

WEMIX is a high-performance EVM-compatible open-source protocol powered by the SPoA (Stake-based Proof of Authority) consensus algorithm, which is secured by 40 decentralized authority nodes (40 WONDERS), operated by highly-qualified global partners. 

WEMIX also applies the variable total gas fee formula which is part of [EIP-1559](https://coinmarketcap.com/alexandria/article/technical-walkthrough-of-eip-1559), an implementation of the transaction pricing mechanism dynamically expanding and contracting gas prices intended to deal with momentary transaction spikes in the network. The mechanism simply makes it so that continuous attempts at malicious network spams inevitably become too expensive and therefore impractical for attackers, functioning as a reinforced security layer within the ecosystem.


## Where Can You Buy WEMIX?

At the time of writing, WEMIX can be bought and traded on popular exchanges such as [KuCoin](https://coinmarketcap.com/exchanges/kucoin/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Huobi](https://coinmarketcap.com/exchanges/huobi/), [Bybit](https://coinmarketcap.com/exchanges/bybit/), [Bitget](https://coinmarketcap.com/exchanges/bitget/), [Crypto.com](https://coinmarketcap.com/exchanges/crypto-com-exchange/), [MEXC](https://coinmarketcap.com/exchanges/mxc/) and more. Check out the full list of exchanges where you can buy and sell WEMIX [here](https://coinmarketcap.com/currencies/wemix/markets/).

WEMIX3.0 is an experienced-based, platform-driven & service oriented decentralized blockchain protocol built as the foundation of a borderless mega ecosystem.

Wemix

Staked WEMIX

Developed by leading Korean IT company Kakao, Klaytn is a global Layer 1 public blockchain designed to power tomorrow’s on-chain world. With the lowest transaction latency amongst leading blockchains, enterprise-grade reliability, and a developer-friendly environment, Klaytn provides a seamless experience for users and developers that is second to none. Since its launch in June 2019, Klaytn has been accelerating blockchain mass adoption through a broad array of use cases from DeFi to real-world assets, entertainment and gaming, and even the Bank of Korea’s CBDC pilot project. Today, it is one of the only globally competitive Web 3.0 ecosystems developed in South Korea, generating more than 1 billion transactions from over 300 decentralized applications.

Klaytn

Bora is a decentralized ecosystem for games and entertainment. Bora aims to attract games and applications from the GameFi sector to its Bora Chain to avoid building on blockchains like Ethereum that have high gas fees. For that reason, Bora follows a two-tiered blockchain system: the BORA token is traded on the Klaytn blockchain, a public blockchain that is focused on metaverse and gaming use cases. The Bora chain is a modular blockchain that can be used as an execution layer by decentralized applications.

The Bora team provides development toolkits that support developers with creating decentralized applications for its ecosystem. It also utilizes Bora Points, a currency within the ecosystem as a resource for development and to incentivize contribution to Bora. Bora Points can subsequently be converted to the BORA token.

BORA

WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism. It is fully compatible with EOS.

The custom features and the incentive mechanisms developed by WAX are intended to optimize the blockchain’s utility specifically for use in e-commerce, with the goal of encouraging voting on proposals.

To make this possible, WAX created a suite of blockchain-based tools which decentralized application (DApp) marketplaces and non-fungible tokens can be built upon.

Services such as WAX Cloud Wallet, SSO and OAUTH support e-commerce operations, the latter being a native RNG service and a developer portal. WAX’s blockchain architecture supports 500-millisecond block time and zero-fee transactions for customers. It also makes use of voting rewards to incentivize participation in the selection of block producers and improvement proposals.

Gnosis (GNO) builds decentralized infrastructure on Ethereum. Its mission has always been centered on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it. Gnosis Safe, for example, was born of necessity.

Gnosis operates as a decentralized autonomous organization (DAO) which provides infrastructure for various types of decentralized applications (dApps), and builds products to transparently guide decisions on the development, support and governance of its ecosystem.

In November 2021, both the xDAI and GnosisDAO community voted to combine their vibrant ecosystems to create the Gnosis Chain: An Ethereum forerunner-companion that addresses scaling issues through solid engineering.

Gnosis

aelf

Conflux (CFX) is a public layer-1 blockchain that was made to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure by being more scalable, decentralized, and secure than existing protocols.

Conflux makes it easier to transfer valuable assets by making the process quick, effective, free of network congestion, and with low transaction costs. The platform is based on the Tree-Graph consensus mechanism, and it combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. The protocol uses Turing-complete smart contracts written in Solidity, just like those on  Ethereum, and is compatible with the EVM (Ethereum Virtual Machine).

Conflux's growth is fueled by CFX, the platform's native token, which gives users financial incentives to participate and engage more. The token is used to pay transaction fees, govern the network, and is given as compensation to miners who help secure the network via staking.

Conflux

Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players.

To learn more about this project, check out our deep dive of Axie Infinity.

Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.

These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique.

Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie's stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace.

The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent.

Axie Infinity

Yield Guild Games (YGG) is the world’s first and biggest web3 gaming guild where players can find their community, discover games and level up together. Its mission is to become the leading community-based user acquisition platform in web3 gaming.

As a network of gaming guilds focused on web3 games, YGG is committed to providing opportunities for its members to achieve success in web3 gaming through questing initiatives such as Superquests and the Guild Advancement Program (GAP). These enable members to build their on-chain identity through its achievement-based reputation system.

From its roots in the Philippines to its global network of regional guilds and partnerships with over 80 blockchain games and infrastructure projects, YGG caters to an ever-expanding community of gamers and blockchain enthusiasts.

Yield Guild Games

Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. Often touted as the first AAA game on Ethereum, Illuvium looks to provide a source of entertainment to both casual gamers and hardcore DeFi fans through a range of collecting and trading features.

To learn more about this project, check out our deep dive of Illuvium.

The world of Illuvium is inhabited by creatures known as Illuvials, who can be captured by players that best them in battle and nurse them back to health. From then on, they become a loyal part of the player’s collection and can be used when battling other adventurers as part of Illuvium’s auto battler gameplay.

The game is a fusion between an open-world exploration game and a PVP battle game. Players can spend their time exploring the expanses of the game world or building up their team of powerful beasts.

Illuvium has been in development since 2020, and is being built by a worldwide team of more than 40 individuals, including the co-founders; serial entrepreneur and early cryptocurrency adopter Kieran Warwick, and experienced game designer Aaron Warwick, who are brothers. (And who are coincidentally also the brothers of Kain Warwick, the co-founder of DeFi platform Synthetix).

The ILV token has a number of uses within the Illuvium ecosystem. It’s the main token used to reward players for their in-game achievements, entitles players to their share of the Illuvium Vault and is used for participating in the governance of the game via the Illuvium decentralized autonomous organization (DAO).

Illuvium

Rocket Pool is a decentralized Ethereum staking pool offering up to 4.33% APR for ETH2 staking. Users can join the Rocket Pool with its decentralized node operator network or run their own nodes with only 16 ETH. In the latter case, they can earn a commission from staking ETH and earn additional RPL rewards from providing RPL collateral, amounting to up to 6.36% APR for ETH and the additional RPL rewards.

Rocket Pool provides liquid staking, meaning users benefit from an increasing exchange rate instead of adding on to their initial staked collateral, which would be a taxable event. Furthermore, Rocket Pool offers smart nodes: a custom node software allowing anyone to run a node on its network. With losses from bad nodes distributed across the network, individual users minimize their risk of facing penalties. This is supported by the pool’s open-source and audited smart contracts, which guarantee fully non-custodial staking and a maximum degree of decentralization.

Rocket Pool

Ronin is an EVM blockchain specifically forged for gaming. Launched by Sky Mavis, the creator of Web3’s breakout title Axie Infinity which has generated over $1.3B in revenue, Ronin is the only blockchain proven to scale a single game to accommodate millions of daily active users and has processed over $4B in NFT volumes. Ronin optimizes for near-instant transactions and negligible fees that enable millions of in-game transactions to occur seamlessly, making it the leading choice for Web3 games.

In its first nine months, Ronin has racked up 250,000 unique daily active addresses, $5 billion in TVL, over 2 million wallet downloads, and 15% of all NFT transactions on the market. Its DEX Katana is the second-most popular decentralized exchange by weekly active users and allows users to swap tokens within the Axie Infinity ecosystem.

Ronin

The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts:

Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.

Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management.

Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.

Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value.

Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category.

Frax Share

PlayDapp has developed a comprehensive ecosystem tailored for Web3 users, leveraging the PlayDapp Mainnet as the foundational infrastructure.
Our ecosystem seamlessly integrates various components, including Mobile Web3 Games, NFT Marketplace & Aggregator, NFT Collections, a DAO Game, EZ Play (Revamped Tournaments) and strategic partnerships with notable enterprises. The PDA token enables seamless interoperability, allowing users within our ecosystem to interact effortlessly with each of our products.

PlayDapp

Osmosis (OSMO) is a decentralized exchange (DEX) for Cosmos, an ecosystem of sovereign, interoperable blockchains all connected trustlessly over IBC, the Inter-Blockchain Communication Protocol. Osmosis also offers non-IBC assets bridged from the Ethereum and Polkadot ecosystems. Originally based on Balancer-style pools, Osmosis is moving to a more sustainable concentrated liquidity model that provides a superior trading and liquidity provision experience.

As an appchain DEX, Osmosis has greater control over the full blockchain stack than DEXs that must follow the code of a parent chain. This fine-grained control has enabled, for example, the development of Superfluid Staking, an improvement to Proof-of-Stake security. Superfluid staking allows the underlying OSMO in an LP position to add to chain security and earn staking rewards for doing so. The customizability of appchains also allows for the development of a transaction mempool shielded with threshold encryption, which will greatly reduce harmful MEV on Osmosis.

Osmosis's vision is to build a cross-chain native DEX and trading suite that connects all chains over IBC, including Ethereum and Bitcoin. To build out the trading functionalities, Osmosis has invited external developers to create a bespoke DEX ecosystem that includes lending, credit, margin, fiat on-ramps, Defi strategy vaults, NFTs, stablecoins, and more – all the functionalities of a centralized exchange and more, plus the trust-minimization of decentralized finance.

Osmosis

Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.

Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.

Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.

Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.

Helium

Astar Network helps developers build decentralized applications (dApps) and layer 2 solutions by providing interoperable web 3.0 infrastructure, financial incentives, incubation programmes and technical support. It seeks to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.

Astar connects the Polkadot ecosystem with layer 1 blockchains like Ethereum and Cosmos. It's a Polkadot Parachain, and was designed as a multi-chain Polkadot dApp hub with support for DeFi, NFTs, DAOs, where developers can move beyond infrastructure and focus more on application development.

The project, which is backed by Binance Labs and Coinbase Ventures, operates on two layers: the first layer is built on the Substrate framework, and the second is built using OVM or Optimistic Virtual Machine, for scalability.

Astar

Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.

Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike.

Immutable

Flow

Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.

Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.

Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time.

All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin.

Stacks

Launched in 2017, Livepeer is the first live video streaming network protocol that is fully decentralized. The platform aims to become a viable blockchain-based, economically efficient alternative to centralized broadcasting solutions for all new and existing broadcaster companies.

To learn more about this project, check out our deep dive of Livepeer.

As stated in the official Livepeer whitepaper, the live video streaming and broadcasting industry is growing at a rapid pace, and the company is looking to ride this wave and introduce decentralization to the environment. Livepeer aims to streamline the broadcasting process by allowing producers to submit their work on the platform, taking care of reformatting and distributing the content to users and streaming platforms.