What is WEMIX (WEMIX)

1. Project Introduction
WEMIX is a blockchain gaming platform developed by Wemade Tree, designed to create a user-centric ecosystem that benefits both players and developers. Built on the custom open-source WEMIX3.0 blockchain, it provides a comprehensive solution for tokenomics, NFTs, and community governance.
On November 24, 2022, the Digital Asset Exchange Association (DAXA) of Korea called for the delisting of WEMIX from Korean exchanges, citing concerns about investor protection. As a result, Bithumb, Upbit, Coinone, and Korbit delisted WEMIX. However, in December 2023, WEMIX was officially relisted on Bithumb.
2. Team & Investment Info
Key Team Members:
Richard (Jinhi) Bak – Director of WEMIX & Head of Corporate Affairs; Former Business Manager at WemadeTree.
Kyle Lee – Head of Global Expansion at WEMIX; Investment Manager at WEMADE; Former Investment Specialist at LB Investment.
Funding:
November 2022: WeMade raised 66 billion KRW (~$46.57 million) in strategic funding from Shinhan Asset Management, KIWOOM Securities, and Microsoft.
The round was structured as a convertible bond issuance, with the following investments:
Shinhan Asset Management: 30 billion KRW (593,938 shares)
Microsoft: 21 billion KRW (415,757 shares)
KIWOOM Securities: 15 billion KRW (296,969 shares)
The convertible bonds have a 0% coupon rate and mature on November 18, 2027.
3. Social Media URLs
X: https://x.com/WemixNetwork
Telegram: https://t.me/WEMIX_ANNouncement
Medium: https://medium.com/wemix-communication
YouTube: https://www.youtube.com/channel/UCm7NfySSdy2ljrnh64cUJXA
4. Token Info
Token Symbol: WEMIX
Max Supply: 590,000,000
Issuance/Burn Mechanism: There is a burn plan.
Contract Address: https://wemixscan.com/
5. Related Links
Official Website: https://wemix.com/
Docs: https://docs.wemix.com/en
LinkedIn: https://www.linkedin.com/company/wemix/
Other Info: https://www.rootdata.com/Projects/detail/WEMIX?k=MTM3OA%3D%3D