WEMIX Announcement
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WEMIX Announcement pinned «WEMIX Ranks 1st in 4 Categories on CertiK’s Security Leaderboard Official WEMIX site announcement : https://www.wemix.com/communication/wemix-ranks-1st-in-4-categories-on-certik%E2%80%99s-security-leaderboard-6eb2f561014d Here we're sharing the Latest Press…»
WEMIX DAY Schedule Reminder

We are excited to announce the schedule for WEMIX DAY, which has garnered significant interest alongside implementing the Brioche Hard Fork.

• Date : July 16th, 10:00 (GMT+9)
• Channel : Official WEMIX YouTube (Subtitles : English / Korean)

Join us on WEMIX DAY to explore our evolution; the newly revamped community-based WEMIX PLAY alongside Wepublic, which takes on the mission of creating a transparent society.

Thank you.
WEMIX DAY Schedule Reminder

We are excited to announce the schedule for WEMIX DAY, which has garnered significant interest alongside implementing the Brioche Hard Fork.

• Date : July 16th, 10:00 (GMT+9)
• Channel : Official WEMIX YouTube (Subtitles : English / Korean)
• WEMIX DAY : https://www.youtube.com/watch?v=Lad_cKxwrwE

Join us on WEMIX DAY to explore our evolution; the newly revamped community-based WEMIX PLAY alongside Wepublic, which takes on the mission of creating a transparent society.

Thank you.
WEMIX Announcement pinned «WEMIX DAY Schedule Reminder We are excited to announce the schedule for WEMIX DAY, which has garnered significant interest alongside implementing the Brioche Hard Fork. • Date : July 16th, 10:00 (GMT+9) • Channel : Official WEMIX YouTube (Subtitles : English…»
WEMIX DAY : Join the Fun, Fuel the Growth

Official WEMIX site announcement :
https://www.wemix.com/communication/wemix-day-join-the-fun-fuel-the-growth-edd0b532413a

WEMIX is committed to enhancing the sustainability of its ecosystem through the strategy of “Prioritize and Focus,” driving continuous change. Join us at WEMIX DAY as we unveil the future of the revitalized WEMIX ecosystem.

• WEMIX DAY : https://www.youtube.com/watch?v=Lad_cKxwrwE

At WEMIX DAY, we will showcase significant changes that will usher in a new era of WEMIX. Highlights include WEMIX Pay, an upcoming game lineup, and fresh updates of Wepublic. Dive into the WEMIX DAY video to discover these thrilling new developments!

Let’s take a closer look at what’s being unveiled at WEMIX DAY:

[WEMIX PLAY]
1) WEMIX Pay

WEMIX Pay introduces a new payment method for purchasing various game content with WEMIX, aiming to solidify WEMIX as a robust utility token. Planned for release in the second half of this year, WEMIX Pay’s integration into major WEMIX PLAY games will drive increased utility and demand for WEMIX. PLAY Tokens and Prime Points earned through WEMIX Pay will be crucial in fueling the WEMIX PLAY platform.

2) PLAY Token
A key component of WEMIX Pay is the PLAY Token, a cryptocurrency obtained through WEMIX transactions, uniquely tied to actual game revenue. Unlike tokens issued in large quantities without practical use, PLAY Tokens will only be minted when there is actual game revenue generated by WEMIX Pay. These PLAY Tokens are then burned and not recirculated, preventing inflation. While primarily obtained through WEMIX Pay transactions, PLAY Tokens can also be exchanged for REFLECT Tokens at a fixed rate or earned as a pre-registration and activity reward in the new WEMIX PLAY gaming community.

3) Prime Points
Prime Points function as a mileage system within the WEMIX ecosystem, earned alongside PLAY Tokens through WEMIX Pay. Accumulating Prime Points elevates your Prime Points level, unlocking special benefits at each tier such as VIP passes, NFTs, airdrops, and early game access. Details on earning Prime Points through ecosystem participation will be released soon.

4) WEMIX Buy-Back
Designed as a virtuous cycle system, WEMIX Buy-Back allocates a minimum of 4~5% of WEMIX Pay revenue towards reducing supply and increasing user benefits.

5) Gaming Community Reborn
The WEMIX PLAY platform will be reborn as a community-centric hub for blockchain games, where gamers and content creators interact, share game strategies, enjoy memes, preview game art, and watch developer AMAs. The newly revamped WEMIX PLAY will launch in beta in the second half of the year.
6) Upcoming WEMIX PLAY Games
• Legend of Ymir
- This game is based on Norse mythology and showcases realistic, dynamic character animations achieved through advanced facial expression and motion capture technology. Designed as a blockchain game from inception, it is scheduled for a global release in late 2025.

• Project M
- Developed by the studio that created the legendary MIR series, this Web3 MMORPG continues the legacy of Web3 MIR4 and Night Crows. It is anticipated to be released after 2025.

• Meta Toy DragonZ SAGA
- In this collectible RPG, players collect and nurture unique toy dragons to assemble their ultimate team. It is expected to be released in the fourth quarter of this year.

• Crystals of Naramunz
- An RPG set in a steampunk world featuring charming anthropomorphic characters. It includes a seasonal system allowing for diverse item and skill combinations. The release is planned for early 2025.

All games in the upcoming lineup will integrate WEMIX Pay. The utilization of WEMIX Pay within these games will contribute to WEMIX Buy-Back resources, fostering a healthier ecosystem.

[Wepublic]

Wepublic leverages the accumulated blockchain technology of WEMIX to foster transparency in society. Utilizing blockchain enables transparent decision-making and fund flows. The SBT (Soulbound Token) based certification voting system provided by the Wepublic platform ensures transparency by recording all decision-making processes on the blockchain. This innovative voting system has been successfully implemented in universities and religious institutions and will be accessible as an open platform by 2025. The blockchain-based Wepublic points system allows organizations to transparently raise and use funds without the need for external audits, and transparently share the flow of funds with DAO members. The WEMIX donation feature was added last June, and a new funding project service will be launched this August, helping various organizations transparently raise funds for common goals.

[Brioche Hard Fork]
During the recent Brioche Hard Fork, approximately 434 million WEMIX was burned and a halving mechanism was introduced, reducing the amount of WEMIX minted per block in half. This marks the start of a healthier WEMIX ecosystem.

WEMIX remains committed to delivering an immersive blockchain gaming experience through focused strategies. At WEMIX DAY, we will showcase the enhanced WEMIX PLAY, upcoming game releases, and new Wepublic updates, outlining our direction and specific updates for WEMIX. Our efforts to usher in a new era for WEMIX continue, with more innovations to come.

Pre-register for the newly revamped WEMIX PLAY gaming community platform to receive PLAY Tokens. Stay tuned for details on the upcoming PLAY Token airdrop for community participants.

Thank you.

[Link]
• WEMIX PLAY : https://wemixplay.com
• Wepublic : https://wepublic.com
• WEMIX YouTube : https://www.youtube.com/@wemix_Official
WEMIX Announcement pinned «WEMIX DAY : Join the Fun, Fuel the Growth Official WEMIX site announcement : https://www.wemix.com/communication/wemix-day-join-the-fun-fuel-the-growth-edd0b532413a WEMIX is committed to enhancing the sustainability of its ecosystem through the strategy…»
Evolving WEMIX PLAY : Transformation from REFLECT to PLAY Token

Official WEMIX site announcement :
https://www.wemix.com/communication/evolving-wemix-play-transformation-from-reflect-to-play-token-cf407a62790c

Significant modifications to the REFLECT service within WEMIX PLAY are scheduled.

The REFLECT token has traditionally derived its value from fusing various tokens within the WEMIX PLAY ecosystem. While this approach initially succeeded in maintaining alignment with game token values, the increasing number of Alliance members has reduced the impact of individual tokens and resulted in an overdependence on the value of certain tokens.

As a result, the existing REFLECT service will be discontinued, and a new service featuring the PLAY Token (“PLAY Token”), a token exclusively designed for WEMIX PLAY, will be launched.

Arrangements will be made to facilitate the SWAP of existing REFLECT tokens for the new PLAY Tokens.

Please refer to the details below regarding the discontinuation of the REFLECT service and the introduction of the PLAY Token service.

[Service Update Details]
▶️ Termination of REFLECT Service

• REFLECT Fusion service will cease on August 19, 2024 (GMT+9).
• REFLECT Fission service will remain available until September 2024 (GMT+9) (TBA).

▶️ Issuance of PLAY Token
• PLAY Token, a token exclusively dedicated to WEMIX PLAY, will be issued.
• Further details regarding the use of the PLAY Token will be disclosed in due course.

[REFLECT Update Schedule]
REFLECT

• Discontinuation of REFLECT Fusion : August 19, 2024 (GMT+9)
• Discontinuation of REFLECT Fission : September 2024 (GMT+9) (TBA)
• SWAP of REFLECT to PLAY Token : September 2024 (GMT+9) (TBA)

GameFi
• Discontinuation of REFLECT liquidity pool deposits : August 19, 2024 (GMT+9)
* Withdrawals from the REFLECT liquidity pool will remain available after the cessation of deposits.
• Discontinuation of REFLECT SWAP : September 2024 (GMT+9) (TBA)
* Exchange service between REFLECT and PLAY Tokens will be supported.

※ The schedule is subject to change.
※ Additionally, due to IP restrictions in South Korea, PLAY Wallet users in this region will not be able to access the current REFLECT service. Therefore, users are advised to transfer to a wallet that supports REFLECT to maintain service continuity.

[Update Platform]
• WEMIX PLAY : https://wemixplay.com

Thank you.
WEMIX Announcement pinned «Evolving WEMIX PLAY : Transformation from REFLECT to PLAY Token Official WEMIX site announcement : https://www.wemix.com/communication/evolving-wemix-play-transformation-from-reflect-to-play-token-cf407a62790c Significant modifications to the REFLECT service…»
About WEMIX Pay Buy-Back

Official WEMIX site announcement :
https://www.wemix.com/communication/about-wemix-pay-buyback-2dd001a8cd70

Hi, this is the WEMIX team.

We would like to provide additional details regarding the WEMIX Pay buy-back program, discussed on WEMIX DAY on July 16. Please refer to the following Q&A for a more comprehensive understanding.

[WEMIX Pay Buy-Back]
• What’s the purpose behind WEMIX Pay?

> The price of an item is determined by various factors, with distribution costs being a significant part. WEMIX Pay benefits users and onboarding companies by reducing distribution costs (i.e., platform fees) and through these savings, offering additional benefits in the form of Prime Points and PLAY Tokens. Onboarding companies can achieve increased sales at lower fee rates, while users can independently utilize Prime Points and PLAY Tokens for benefits such as guaranteed high-grade items.

• How does using WEMIX Pay impact the ecosystem?
> WEMIX Pay positively impacts the ecosystem by enabling the direct use of WEMIX.
1) Expanded Utility : WEMIX’s utility, previously used as a base currency only, will be expanded through WEMIX Pay.
2) Enhanced Holding Effect : The enhanced utility will encourage users to buy and hold more WEMIX, thus encouraging more active trading and increasing demand of WEMIX among gamers.
3) Tokenomics Improvement : The buy-back will contribute to deflationary tokenomics.

• How will the WEMIX Pay buy-back be funded?
> At least 4-5% of revenue generated through WEMIX Pay will be allocated for the buy-back. This includes all payment methods enabled by WEMIX Pay, including fiat and WEMIX. To conduct the buy-back effectively, we are reviewing various legal considerations and methods with multiple entities.

• What is the implementation schedule for WEMIX Pay?
> WEMIX Pay will initially be implemented in "NIGHT CROWS" Global and "MIR4" Global, within the year.
Additionally, as announced during WEMIX DAY, WEMIX Pay will be integrated into the upcoming game lineups (Legend of Ymir, Project M, Meta Toy DragonZ SAGA, Crystals of Naramunz) and is currently under discussion with various other game companies.

• What is the schedule, method, and expected quantity of the WEMIX Pay buy-back?
> The buy-back will be conducted transparently, with at least 4-5% of the WEMIX Pay revenue. All buy-back results, including detailed explanations on how and when, will be publicly disclosed to the community at a later date.

[Future Plan]
We are currently focusing on introducing the new community-centric WEMIX PLAY, WEMIX Pay, and Wepublic funding projects. Starting in mid-August, we will communicate more with the community through follow-up announcements and a dedicated page about the latest developments of WEMIX.

Thank you.
WEMIX Announcement pinned «About WEMIX Pay Buy-Back Official WEMIX site announcement : https://www.wemix.com/communication/about-wemix-pay-buyback-2dd001a8cd70 Hi, this is the WEMIX team. We would like to provide additional details regarding the WEMIX Pay buy-back program, discussed…»
WEMIX.Fi Service Revision

Official WEMIX site announcement :
https://www.wemix.com/communication/wemixfi-service-revision-a35cfe5300c3

WEMIX.Fi, the official decentralized finance (DeFi) platform supporting digital asset trading and management for the community, will be rebranded as WEMIX Stake in August.

Certain services will be discontinued or transferred to OnchainLabs Co., Ltd. as part of this renewal. The foundation will concentrate on delivering core services, to offer highly specialized solutions. This change aims to enhance service intuitiveness and improve user accessibility.

[Renewed Service]

• Staking > WONDER Staking : Rebranded as WEMIX Stake
> WONDER Staking, rebranded as WEMIX Stake, will be the foundation's official staking program. A portfolio service, where users can monitor their asset status, will also be provided in conjunction with this change.

• Pool > Full Range Deposit
> The Full Range Deposit Pool will continue to operate, with the WEMIX-WEMIX$ pool being transferred to WEMIX PLAY. This service will only allow liquidity withdrawals.

• WEMIX$
> The issuance of additional WEMIX$ collateralized by oUSDC and mUSDC will be discontinued. A new Master Liquidity Pool (MLP) will be established to ensure stable service provision.

[Transferred Service]

The following services are scheduled to be managed and operated by OnchainLabs Co., Ltd. starting August 23, 2024.

Nonetheless, members can continue utilizing these transferred services in the same manner as before. The service usage agreement with the foundation will be transferred to OnchainLabs Co., Ltd. (dev@onchainlabs.io), contingent upon acceptance of the new terms and conditions.

• Swap
• Staking > LIQUID Staking
• Pool > Concentrated Range Deposit
• Lend & Borrow

※ After the service transfer, WEMIX Stake (formerly WEMIX.Fi) will only support services such as liquidity and reward withdrawals, unstaking, and loan repayments for each service.

The foundation does not collect or use personal (credit) information. Therefore, the personal (credit) information of members will not be transferred during the service transition.

[Terminated Service]

The following services will be terminated with the upcoming renewal. Users are advised to withdraw their assets before the termination.

• Staking > DIOS Staking
> As previously announced, the DIOS Staking service will be terminated as part of this renewal.

• dApps
> The consolidated dApp information page will be discontinued. However, each dApp service will continue to operate under the management of its respective service provider.

The service transfer is targeted for completion at the end of August. Further details, including reference information, schedules, and user guides related to the service renewal will be provided separately.

We will strive to expand the WEMIX ecosystem by exploring and implementing collaborations and boosting dApp influx and external engagement.

Thank you.
WEMIX Announcement pinned «WEMIX.Fi Service Revision Official WEMIX site announcement : https://www.wemix.com/communication/wemixfi-service-revision-a35cfe5300c3 WEMIX.Fi, the official decentralized finance (DeFi) platform supporting digital asset trading and management for the community…»
WEMIX Policy Update

Official WEMIX site announcement :
https://www.wemix.com/communication/wemix-policy-update-3a0f83ab2f8b

The WEMIX Terms of Service will be updated in conjunction with the WEMIX․Fi service update is scheduled for August 23, 2024.

For detailed information regarding the service update, please refer to the WEMIX․Fi Service Revision announcement. Key changes to the terms and conditions are outlined below.

1. Purpose
• The terms and conditions will be revised in accordance with the update and transition of WEMIX․Fi services.
• The WONDER Staking service within WEMIX․Fi will be renamed and serviced as WEMIX Stake.
• Certain services, including the Concentrated Range Deposit Pool/Swap, and LIQUID Staking, will be transferred from WEMIX PTE. LTD. to OnchainLabs Co., Ltd.

2. Key Revision
• Article 2, Section 1 : WEMIX․Fi will be removed and WEMIX Stake will be added.
• Article 2, Section 8 : WEMIX Classic to WEMIX Coin conversion will be a one-way bridge.
• Article 2, Section 9 : WEMIX․Fi will be removed and WEMIX Stake will be added.
• Article 2, Section 10 : WEMIX․Fi will be removed.
• Article 2, Section 10 : Pegging information of WEMIX$ will be updated.
• Article 2, Section 13 : WEMIX․Fi will be removed and WEMIX Stake will be added.
• Article 2, Section 14 : WEMIX․Fi will be removed and WEMIX Stake will be added.
• Article 3, Section 3 : WEMIX․Fi will be removed and WEMIX Stake will be added.
• Article 3, Section 9 : WEMIX․Fi service information will be removed and WEMIX Stake service information will be added.
• Article 4, Section 6 : The sequence of inappropriate naming lists will be adjusted.
• Article 4, Section 6, Subsection H : WDS will be removed.

3. Effective Date
• Implementation : August 23, 2024
※ The schedule is subject to change.

4. Note
• For any inquiries regarding these revisions, please contact the WEMIX.Fi Support Center.
• Should you disagree with the revised policy, your access to the service will be restricted.
• WEMIX․Fi services transitioning to OnchainLabs Co., Ltd. will be governed by separate policies provided by OnchainLabs Co., Ltd., and you must agree to these terms to continue using the services.
• Please note that WEMIX․Fi does not collect or use personal (credit) information from its users; therefore, no personal (credit) information will be transferred during the transition.

Thank you.
WEMIX Announcement pinned «WEMIX Policy Update Official WEMIX site announcement : https://www.wemix.com/communication/wemix-policy-update-3a0f83ab2f8b The WEMIX Terms of Service will be updated in conjunction with the WEMIX․Fi service update is scheduled for August 23, 2024. For…»