Blockchain Gaming Platform Witnesses Impressive 37% Surge Amidst Upcoming Changes
A blockchain gaming platform, WEMIX, has seen a significant surge of 37% in value this week, despite the stagnant state of the overall cryptocurrency market. This surge has coincided with the announcement of an upcoming hard fork and token burn within the platform.
WEMIX prides itself on being an experience-driven and service-oriented mega-ecosystem within the crypto world. Its blockchain game platform, WEMIX Play, boasts a user base of over 580,000 individuals.
At the time of writing, the native token of the project is trading at $1.37, displaying a notable increase from $1.01 seven days earlier.
The rally in value can be attributed to the anticipation of the Brioche Hard Fork, scheduled for July 1st. This hard fork will bring about significant changes to WEMIX’s tokenomics model. It plans to introduce a revised minting rule, lowering the issuance of WEMIX per block through 16 updates. This adjustment aims to enhance the value and growth of the token, marking the initial step towards a mutually beneficial relationship with the community.
Furthermore, WEMIX intends to unveil an improved version of WEMIX PLAY, where the performance of the platform’s ecosystem will have a direct impact on tokenomics. The objective is to ensure that revenue growth, driven by the expansion of games, directly influences the WEMIX ecosystem.
To further strengthen the community-driven approach, the WEMIX foundation plans to burn approximately 435 million WEMIX tokens held in reserve. This strategic move will reduce the available supply and transition WEMIX towards a more community-friendly tokenomics model that encourages mutual growth.
Despite this recent surge, it is important to note that WEMIX is still trading over 94% below its all-time high of $24.71, achieved back in November 2021, as reported by CoinGecko. Clearly, the upcoming changes and token burn aim to bring about positive momentum in the platform’s value.
As the blockchain gaming industry continues to evolve, WEMIX’s recent surge reflects the potential it holds within this rapidly growing sector.
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