Wemade Tree Pte. Ltd., a South Korean startup, has developed WEMIX, a blockchain NFT gaming platform. For playing games they already enjoy, WEMIX gamers can win incentives.
Play-to-earn gaming models are included in WEMIX games, which are based on the notion of GameFi, the gamification of blockchain-based financial systems. New Toy Tokens (NFTs) can be purchased, sold, and traded on GameFI platforms.
The games blend game content with blockchain technology to create a profitable and enjoyable experience for players.
In South Korea, the WEMIX team is a branch of the gaming company WEMADE. WEMIX has released a series of blockchain-based games that appeal to a wide spectrum of players, building on the popularity of WEMADE’s The Legend of Mir.
Creating a cryptocurrency wallet is unnecessary; all you need is a gaming app from the Play Store and you’re ready to go.
There is a lot of competition in the video game industry, and some games can be thrown away. When a game reaches the end of its lifespan, many players are eager to move on to the next one. This is in part owing to the fact that video games tend to be self-contained and disjointed.
It is difficult for developers to make sequels in order to extend the lifecycle of a game and keep consumers from abandoning a platform when they reach the finish. Dedicated gamers frequently switch platforms in order to get the most out of their gaming experience.
To address these challenges WEMIX is at the forefront of developing games. Players, developers, and platform providers work together in a linked environment to create WEMIX-based games.
In this online environment, users discover meaning and connectedness that spills into the actual world. The concepts of sharing, a strong circulation structure, and openness are all key components in creating such a sophisticated ecosystem.
CrypTornado, WEMIX’s first blockchain-based game, was released in June 2021. The company has added a number of other titles since then, including BirdTornado, GalaxyTornado, MIR4, AquaTornado, FishingTornado, Blade: Re. Action, and Rise of Stars.
NFTs (Non-Fictional Tokens) can be earned in each of these games, which can then be exchanged for WEMIX tokens. In its first three months on the Google Play store, MIR4 was downloaded over a million times, generating over $10 million in revenue.
the vibrant South Korean gaming industry remains positive about gaming NFTs in spite of the government’s reluctance to embrace blockchain-based games Ten games are now operating on WEMIX, which leads the charge. In 2022, several more gaming businesses aim to join.
WEMIX’s NFT Blockchain Games: How They Work
Blockchain-based games with NFT features allow players to create in-game items that can be traded between users. For example, on Axie Infinity, you can earn real money by growing and selling an item called Smooth Love Potion (SLP).
SLPs are required to gather and breed Axis, animated pets that can be traded. Players are compensated for their skill and effort on the site.
WEMIX features a variety of NFT games with varying gameplay and designs. A new economy based on digital assets such as collectibles and other game-related products is created by NFT games.
This results in a decentralized economy with no central authority. Instead, all transactions are recorded on the blockchain, making cheating impossible.
Gameplay mechanics like point-scoring and prize competition are standard. NFTs are the in-game currency that may be traded for cash.
WEMIX NFT-based games are a huge improvement. Unlike traditional video games, you own all stuff earned in-game. You won’t lose them if your wallet crashes mid-game. For example, in the popular MIR4, all high-level gear, weapons, and other equipment are yours to retain, trade, or pay in.
Furthermore, blockchain decentralization in NFT games assures your game progress is always available, unlike traditional gaming, which relies on a centralized infrastructure prone to failure. The same blockchain-based decentralization allows you to replay prior games and improve your skills.
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Then there’s the money. Traditional bird shooting game rewards remain on the screen as bragging rights. BirdTornado, on the other hand, rewards you with Tornado tokens for shooting down birds.
Convertible to WEMIX tokens, which can buy you a good cup of coffee. Of course, if you keep your WEMIX tokens, you will benefit from any value increase.
WEMIX Token
For optimum efficiency in the token economy, WEMIX tokens are issued on the public blockchain. WEMIX tokens The Klaytn blockchain, on which the WEMIX Token will be released in June 2020, is known for its scalability, speed, and cheap transaction costs.
Gamers can also earn “game tokens,” which are unique to each game while still being able to be traded and exchanged.
These WEMIX tokens serve a special function inside the WEMIX ecosystem and help to ensure its long-term viability. Tornado (TORN) and CQ Zuanshi (CQ) tokens can be exchanged for WEMIX tokens during gameplay.
WEMIX tokens are given to users, platform owners, and developers for participating in the ecosystem. WEMIX aims to build a sense of community and sustainability through the use of these tokens, one of its primary goals.
Tokens issued by WEMIX are utility tokens. Here are a few examples of how they could be put to use:
- Transactions throughout the platform can be carried out using it. As the native token of the WEMIX NFT gaming environment, WEMIX serves as the primary medium of exchange for all WEMIX-related trades. Tokens that are exclusive to a game are also utilized in the game to enhance the experience and increase the monetary worth.
- Switching of tokens from one game to the next. WEMIX tokens can be used to trade game tokens for each other. Users may need to trade game tokens because the tokens are different for each game. When playing the popular game Legend of Mir, players can swap the Tornado tokens they’ve won on BirdTornado for CQ Zuanshi tokens. The WEMIX wallet allows users to perform swaps.
- Purchases made in-app. Most WEMIX games have in-game shops where players can purchase additional items to improve their experience. WEMIX tokens are the primary mode of payment for in-game purchases, despite the fact that fiat currency is also accepted. It’s a win-win situation for both the user and the game when they may pay for their purchases with virtual currency.
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- Support for developers’ total costs through a crowdfunding platform. The expense of developing and launching a new video game is enormous. Because of the uncertainty of their economic success, they are hesitant to create new games and hence face the danger of financial loss. For this reason, WEMIX enables the pre-sale of game tokens in order to raise revenue and partially pay the costs of game development. As a result, those who purchased tokens become the game’s most vocal advocates and help spread the word about it. Users and game designers alike stand to gain from this arrangement.
Staking. Staking WEMIX tokens ensures the integrity of the basic blockchain network. - Players do not need to buy or stake cryptocurrencies to play WEMIX games, since they are free to download and play. It’s also possible to get incentives for tasks like referring new members and taking surveys and watching advertising by using WEMIX tokens. Token rewards increase in direct proportion to the number of activities you accomplish. WEMIX games don’t require staking, but if you do, you’ll be able to increase your earnings.
- Tokens or currencies are distributed to blockchain wallets as part of a marketing effort known as an airdrop. Participation is the most usual method. To entice new players to WEMIX, game creators use airdrops of game tokens. To practice airdropping, additional tokens are disseminated to the general population. It’s a powerful tool for promoting new ventures. WEMIX Token airdrops are aimed towards current token holders because they are already engaged on the platform, provide a ready market with purchasing power, and can help to further promote the game.
- WEMIX’s current live price is $9.60, with a trading volume of $40,788,848 in the last 24 hours, according to CoinMarketCap. The current live market cap is
A cryptocurrency’s market worth is measured by its market capitalization (or market cap). WEMIX’s current supply is $211 million and its market capitalization is $1,183,604,495 million. - There are 123,233,682 coins in circulation, with a maximum supply of 1,015,066,200 coins, which make up the circulating supply of cryptocurrencies and tokens.
In addition to Bybit, Gate.io, ZT, and MEXC, you can buy and sell WEMIX on these crypto exchanges. WEMIX cannot, however, be purchased with fiat currency at this time. You must first buy BTC, USDT, or ETH from a major exchange and then transfer it to the WEMIX-listed exchangers.
Are Wemix Tokens a Smart Investment?
Cryptocurrency NFT gaming tokens, which are still relatively new to the market, have grown tremendously since their introduction. More than $2.3 billion in third-quarter NFT game income was reported by the Blockchain Game Alliance, accounting for 22% of NFT trade volume. But, will this pattern persist?
Adding more games and token listings to major exchanges is part of WEMIX’s robust growth strategy. WEMIX, which now has over 600 million users, is projected to become a major player in the blockchain gaming market as it gains popularity and a large user base.
In the long run, investing in WEMIX coins is a smart move. If you’re going to invest in a cryptocurrency, you’ll need to do your homework before you buy.
How To Purchase WEMIX Tokens
In contrast to other well-known cryptocurrencies, you cannot buy WEMIX directly with fiat money on several crypto exchanges. Tether (USDT) can be purchased through any reputable exchange such as Bybit in order to buy it.
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You’ll be asked to choose a payment option once you’ve completed the KYC verification process on Bybit. You can buy USDT with a bank transfer or a credit or debit card. To receive the WEMIX token, simply exchange your USDT on the spot market (WEMIX/USDT). You’re exchanging your USDT for WEMIX tokens this way.
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