WEMIX is a Blockchain-based platform for decentralized gaming applications (DApps). It was developed by Wemade Tree, which is also a subsidiary of Wemade. In this article, as Kriptokoin.com, “What is WEMIX?” We will answer the question. In addition, we will touch on other questions about the project.
What is WEMIX? What does it do?
Wemix is a blockchain-based platform for decentralized gaming applications (DApps). It was developed by Wemade Tree, a subsidiary of Wemade. The company’s goal is to provide a network that combines the core features of gaming with Blockchain to provide primarily experience-based services. The Wemix network relies heavily on commercial agents providing efficient and seamless asset and data transfers in a multi-chain structure.
Essentially, they prevent the entire trading process from becoming completely dependent on smart contracts. This multi-chain structure ultimately enables users to comprehensively manage and trade their assets. The company points to oversaturation in the gaming industry. This can often deter users due to too much content currently available. Therefore, the project enables game developers to use previously created assets for new games. In this way, the platform aims to focus on more enjoyable user experiences.
What is WEMIX Coin?
WEMIX Coin is the native Token of WEMIX. It’s also primary use is as a form of market currency that allows players to sell and buy in-game items. From platform providers to developers to Token earners, all participants in the Wemix ecosystem can reap greater rewards as the value of Tokens increases through the sharing and dissemination of in-game assets. Developers can also issue game-specific Tokens to reward players. The platform can then recoup Tokens by selling in-game items.
How does WEMIX work?
Wemix’s Hybrid multi-chain structure consists of three layers:
- A chain of services focused on fast and smooth processing of large numbers of transactions
- A public chain that plays the role of asset management in Wemix Token’s ecosystem
- A bridge chain that enables the transfer of assets between different chains
Bridge chain in particular facilitates multi-chain connectivity, a crucial process that the network relies on to easily transfer assets, identify counterparties, and complete transactions. Moreover, all transactions that take place on the Wemix network are based on smart contracts containing publicly available transaction records. This opening adds a layer of transparency to the platform.
What is WEMIX? How to get WEMIX?
The coin is currently traded on a small number of cryptocurrency exchanges. People who want to invest in the project should open an account in one of the exchanges where the project is traded. The exchanges where WEMIX is traded are listed as follows: OKX, Bybit, MEXC, Bitget. Users who want to invest in the project should open an account on one of these exchanges.
