Wemix is a blockchain-based gaming platform on Ethereum that is designed to support decentralized applications (DApp), decentralized finance (DeFi), NFTs, games, and more. The protocol was launched to revolutionize the GameFi sector with play-to-earn games that enable players to earn and trade in-game digital collectibles.
This article is a guide to the Wemix ecosystem, where we will explore the project in detail and learn how it works. We shall also look at its native WEMIX cryptocurrency, predict its price until 2030, and list exchanges where it can be traded, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is Wemix?
Wemix is a fork of Ethereum that aims to create a balanced and robust decentralized ecosystem designed to support DApps, games, NFTs, and DeFi applications.
At its core, Wemix is a gaming platform that releases play-to-earn games that allow players to earn rewards and collect in-game digital collectibles to trade as NFTs. Some popular titles on the network include CrypTornado, GalaxyTornado, and MIR4.
The network is compatible with Ethereum Virtual Machine and follows a noble stake-based proof-of-authority (PoA) consensus to provide a throughput of 4,000 transactions per second. Wemix has a DeFi platform called WEMIX.FI and a Wemix Wallet.
Wemix is powered by the WEMIX token, which is used for payments, in-app purchases, staking, and DAO governance of the ecosystem.
How Does Wemix Work?
Wemix is an EVM-compatible blockchain that is powered by smart contracts that automate all its functions, like validating and recording transactions. The gaming blockchain consists of three logic subnetworks:
- Block Producer Network (BPN):
- BPN consists of 40 qualified node council partners who contribute their hardware to reach the Reliable and Fault Tolerant (RAFT) consensus to produce blocks and provide real-time service.
- End Network Node (ENN):
- This is the outermost subnetwork of the blockchain, which directly handles user endpoint services through a network of end nodes.
- Bridge Node Network (BNN):
- This layer acts as a bridge between the BPN and ENN networks. It propagates valid transactions from the ENN to Wemix’s consensus nodes. BNN also facilitates the transmission of produced blocks from BPN back to the ENN network while ensuring the security and reliability of data between nodes.
What is the WEMIX Token?
WEMIX is the native utility and governance cryptocurrency of the Wemix gaming blockchain. The token is used to perform transactions, pay network fees, and purchase and trade in-game NFTs.
WEMIX holders get the right to vote on governance proposals submitted to Wemix’s Decentralized Autonomous Organization (DAO). To become a member of the DAO, one should stake WEMIX coins to provide liquidity and support and secure the blockchain.
The cryptocurrency is backed by USDC stablecoin to mitigate price volatilities and offer a stable ecosystem for DApps.
WEMIX has a total supply of 962 million tokens with a market capitalization of nearly $500 million. Currently, 363.82 million WEMIX are in circulation and have attained a trading volume of $13.20 million over the last 24 hours.
Wemix (WEMIX) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, WEMIX is trading at $1.36 – up 22.81% over the last 24 hours. Based on its current valuation, we have projected the minimum, average, and maximum prices at which the token could change hands between 2024 and 2030.
Note that the numbers below are speculative and could change depending on how WEMIX performs in the market.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
|---|---|---|---|
| 2024 | $1.63 | $1.73 | $1.83 |
| 2025 | $1.81 | $1.98 | $2.15 |
| 2026 | $2.25 | $2.60 | $2.95 |
| 2027 | $2.70 | $3.22 | $4.54 |
| 2028 | $3.15 | $3.84 | $4.54 |
| 2029 | $5.10 | $8.67 | $12.24 |
| 2030 | $9.39 | $14.89 | $20.40 |
Where Can You Buy Wemix (WEMIX) Tokens?
WEMIX can be purchased and traded on the following cryptocurrency exchanges:
- Bybit
- Gate.io
- HTX
- KuCoin
- MEXC
- Bitget
- Crypto.com
- BingX
- BitMart
- Bithumb
Is Wemix (WEMIX) a Credible Cryptocurrency Investment?
Wemix is a hard fork of the Ethereum blockchain designed to support play-to-earn games. The ecosystem encompassing DApps, DeFi services, games, and NFTs functions under a unique consensus algorithm that produces a throughput of 4,000 transactions per second.
On Wemix, users can earn rewards by playing games and collecting in-game assets that can be traded on marketplaces as NFTs to earn more money. The network is powered by the WEMIX token, which is showing great future price prospects.
I would recommend WEMIX as a credible cryptocurrency investment due to it primarily being a gaming-focused blockchain. Considering the recent hype surrounding play-to-earn games, this could be a great opportunity for you to make big bucks.
As is the case with all cryptocurrencies, WEMIX is also prone to the extreme price dynamics of the crypto market. Therefore, you must thoroughly research Wemix and fully understand its benefits and risks before making any investment decision.
Read more: Siacoin (SC) Price Prediction 2024 – 2030, Where To Buy, Is It A Good Investment?
