WEMIX (WEMIX) is a blockchain-based platform delivering a high-performance ecosystem that bridges gaming, decentralised finance (DeFi) and non-fungible tokens (NFTs), offering users a comprehensive suite of tools and services.
At the core of the WEMIX ecosystem is the WEMIX 3.0 Mainnet, an EVM-compatible blockchain that operates using a Stake-based Proof of Authority (SPoA) consensus mechanism. This design enables a high-performance network, delivering up to 4,000 transactions per second (TPS) with block intervals of just one second.
The WEMIX token, using the ERC-20 standard, powers the WEMIX ecosystem. It’s primarily used as a payment method for gas fees on the WEMIX3.0 network. Users can also stake the token to earn rewards and help secure the blockchain. Token holders can participate in governance and vote on project proposals or submit their own ideas.