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WEMIXUSD

WEMIX

$0.8002
0.00%
Open
-
High
-
Low
-
Vol.
-
coindesk-loading-spinner
1H
24H
7D
1M
1Y
All
Market Cap. #
$11,635,925
Volume (24h) #5924
$0
Supply (Circ. / Total / Max)
14.54M / 14.54M / ∞
Launch Date
2022-10-20
Built On
WEMIX
Token Standard
ERC20
Smart Contract Address
0x8e81fcc2d4a3baa0ee9044e0d7e36f59c9bba9c1
Decimal Places
18

WEMIX Price Converter

WEMIX

WEMIX Information

Resources

WebsitesWebsiteBlog
Block Explorersexplorer.wemix.com
Code Repositoriesgithub.com/wemixarchive/wemixDollar-contract
Industries
Stablecoin
Gaming
Communitiestwitter.com
Parent AssetUSD

WEMIX Supported Platforms

WEMIXERC20WEMIX0x8e81fcc2d4a3baa0ee9044e0d7e36f59c9bba9c12022-10-20

About WEMIX

WEMIXUSD is a stablecoin collateralised with USDC, designed to facilitate transactions and value storage within the WEMIX ecosystem. It supports various DApps and services, ensuring stable value transfer and ecosystem growth through the DIOS protocol's TIP and TOP mechanisms. The development of WEMIXUSD aligns with the broader goals of the WEMIX platform to integrate blockchain technology with gaming and financial services.

WEMIXUSD is a stablecoin fully collateralised with USDC, designed to facilitate value flow within the WEMIX mega-ecosystem. As a stablecoin complementing the WEMIX Coin, WEMIXUSD serves as a store of value, unit of account, and medium of exchange. It ensures stability through pegging with USDC, supported by a secure protocol involving Treasury, MINT, and DIOS components.

WEMIXUSD is utilised to stimulate economic value within the WEMIX ecosystem, which includes various DApps and services like gaming, WEMIX.Fi, NILE, and WEMIX PLAY. It allows seamless value transfer between these services by maintaining a stable exchange rate with USDC. This stablecoin supports the ecosystem's expansion by ensuring liquidity and preventing value depegging through the DIOS protocol, which employs TIP and TOP mechanisms for price stabilisation.

WEMIXUSD was created by the team behind the WEMIX mega-ecosystem. Kwan Ho Park is the founder and CEO of WEMIX. The WEMIX platform is known for its comprehensive approach to integrating blockchain technology with gaming and financial services, aiming to create a robust and stable ecosystem.

Although 'WEMIX$' was the ticker assigned at the deployment of the WEMIX Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'WEMIXUSD' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.