#WEMIX #Wallet #Staking #Pool #APR #Compensation #Governance #Partner
Hello, this is WEMIX Team.
The WEMIX Wallet staking was designed to reward community participants with a portion of newly minted WEMIX tokens derived from the Governance Partner(GP) Rewards that had started from January 6th 2022. The staking service is based on a 30,000,000(max. cap.) WEMIX staking pool with an APR reward rate of 7% for all participating community members.
Over the course of the staking service, a change in the total volume of GP’s staking volume had resulted in reduced WEMIX Wallet Staking APR from the initial 7% down to 6.57%. The change in APR for the community staking pool is an influence that has resulted from an increase in GP’s staking volume, which is not something we had originally intended through the staking program.
As such, we will be introducing ①a new WEMIX staking pool that will be unaffected by changes in GP’s staking volume will be prepared, and in the meantime we will deploy a ②smart-contract that will generate additional reward per block to match the difference in APR to the initially stated 7%. In addition, the implementation of these changes will be permanent and will not otherwise be affected by subsequent increase or decrease of GP’s staking volume.
WEMADE and GPs will be responsible for the required funding of additional rewards.
This WEMIX Wallet Staking APR compensation initiative is expected to take effect from May 19th 2022.
Note that the actual effective date of contract implementation may change, in which case will be announced separately.
Upon successful implementation of aforementioned changes to the WEMIX Wallet Staking, we intend to launch the highly anticipated WEMIX Lock-up Staking(Stake360) in the near future. We highly value the commitment, contribution, and support from the community and promise to deliver amazing new services in the future.
Thank you,
WEMIX Team.
About WEMIX
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.
WEMIX Games in Live service now
<MIR4 on WEMIX>
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Upcoming WEMIX Games Line-up
<BLADE : Re.Action on WEMIX>
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WEMIX Official Telegram Link :
- https://t.me/WEMIX_ANNouncement
- https://t.me/WEMIX_ENG
- https://t.me/WEMIX_KOR
- https://t.me/WEMIX_CHN
- https://t.me/WEMIX_ESP
- https://t.me/WEMIX_IDN
