[ANN] WEMIX presents the really stable Stablecoin
#WEMIX #Stablecoin #WEMIX$ #WEMIXDollar #WEMIX3.0 #Collateralization #Macroscope #Microscope
Greetings from WEMIX Team,
Stablecoin is one of the hottest topics being talked about in the blockchain market today. WEMIX$(Wemix Dollar), the official stablecoin of WEMIX3.0, is scheduled to be unveiled through the WEMIX3.0 Global Showcase on June 15th. 2022. However, we have decided to pre-disclose key points revolving around the WEMIX$ Stablecoin Protocol, to give a degree of understanding on its security, reliability, and functionality to the highly expectant market.
What is WEMIX$?
WEMIX$ is the official stablecoin of WEMIX3.0 implementing a sustainable stability and scalability by facilitating its use in transaction mediums for various games and services onboard the WEMIX platform. Simply put, WEMIX$ is designed to be a standardized currency within the ecosystem providing a stable, secure, and easy-to-use currency for the community.
How is WEMIX$ issued?
WEMIX$ is issued by the protocol with 100% collateralization of on-chain and off-chain secure assets such as USDC and Fiat currencies. The 100% collateralization model of WEMIX$ will safeguard it from risks derived from insufficient or deflation of capital. At all times, the Macroscope of WEMIX3.0 will clearly show the total circulating volume of WEMIX$ and the corresponding collateralized value, while the Microscope of WEMIX3.0 will disclose transaction records of collateral assets being secured for WEMIX$ issuance.
What are the key features?
1. WEMIX$ is collateralized by secured assets to determine its underlying value which include USDC and Fiat currency.
2. As 100% collateralized stablecoin, WEMIX$ is guaranteed to be exchanged at any time for the same value of WEMIX coins or other collateral assets.
3. The total value collateralized will always match the total issuance volume of WEMIX$.
We expect WEMIX$ to support the growth of the WEMIX3.0 ecosystem while maintaining community protection through stability and security achieved through 100% collateralization.
For more information, please join us for the WEMIX3.0 Global Showcase on June 15th 2022 09:00(UTC+9).
Stablecoins must be stable.
WEMIX is Blockchain Gaming Platform developed by WEMIX Pte. Ltd, providing services including Cryptocurrency Wallet, Token Decentralized Exchange, NFT Item Marketplace, WEMIX Staking and the Game Gateway. WEMIX Pte. Ltd is a Blockchain business dept. of Wemade, the Developer and Owner of “The Legend of Mir” IP, highly successful game with over 500 Million users.
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