The cryptocurrency market looks more exciting today. Leading cryptocurrency Bitcoin overcame obstacles one by one and rose above 44 thousand dollars. In addition, tokens on the Bitcoin network showed extraordinary performance. On the other hand, stock market listings continue to send tokens flying. Korbit, one of South Korea’s leading crypto exchanges, announced that it will re-add Wemix (WEMIX) to its list. With this development, the altcoin made a strong move towards the blue sky.
Korbit While re-listing, the altcoin started to take off!
cryptokoin.com As you follow from , bulls continue to show strength in the crypto market. Many experts and analysts are now talking about a bull market. In this positive atmosphere, stock exchanges are also revising their lists. Korbit, one of South Korea’s leading crypto exchanges, announced that it decided to re-list Wemix (WEMIX) as a result of its evaluation. This time we got the news not from the stock market, but from the altcoin project. Wemix announced that it has been officially approved to be listed on Korbit via its official X account. In this context, Wemix made the following statement:
WEMIX returns to Korbit Exchange, Korea’s First Digital Asset Exchange. Get ready for hassle-free trading with the WEMIX/KRW parity starting from December 8th. Congratulations to the WEMIX team for their commitment to transparency and compliance!
🚀 WEMIX is back on #Korbit Exchange, Korea's First Digital Asset Exchange.
Get ready for seamless trading with the WEMIX/KRW pair starting December 8th. 📈
Kudos to the #WEMIX team for their commitment to transparency and compliance! 🌐Keep up with our latest news… pic.twitter.com/gPBUfTulbj
— WEMIX (@WemixNetwork) December 6, 2023
Following the development, the altcoin price rose strongly with the support of the positive atmosphere in the market. WEMIX, which was traded at $ 2.70 during the day, peaked at $ 3.39 after the news. However, the token later saw selling and lost some ground. However, WEMIX still continues to fly high. At press time, the token was changing hands at $3.22, a 21.5% gain on a daily basis.
WEMIX daily price chart. Source: CoinMarketCapListing details
According to the team’s statement, WEMIX has officially received approval to re-list on Korbit. In this regard, the team of the altcoin project shared the following information for the WEMIX listing:
- Listing Market: WEMIX/KRW
- Opening of Deposits: 7 December 2023
- Opening of Withdrawal Transactions: December 8, 2023
- Opening of Trade Transactions: 8 December 2023
The team also said, “The WEMIX team has worked diligently to create transparent governance and a high level of compliance throughout 2023. “We are committed to strengthening our relationships with major exchanges and providing seamless trading support as a trusted Blockchain project.” said.
What is WEMIX and what is not?
The altcoin project has been in the crypto world since 2018. Over time, it has evolved into a platform that helps DeFi protocols, NFTs, games, and decentralized applications (dApps). WEMIX serves as the native coin within the broader WEMIX mega ecosystem. It functions as a medium of exchange and the designated payment method for gas fees. Mining of WEMIX coins occurs at the rate of one coin per each subsequent block created. It then distributes the Permanent Mint Reward (PMR) pro rata. It also allocates 50% to Network Consensus Participants (NCP), 25% to the ecosystem fund, and the remaining 25% to maintenance purposes.
