SEOUL, South Korea, May 22 (Bernama-PRNewswire) — Leading global blockchain developer WEMIX has unveiled the WEMIX BURN platform to promote the healthy growth of the WEMIX3.0 Mainnet mega-ecosystem by balancing issuance and incineration through the WEMIX BURN Program. The WEMIX BURN platform enables investors, WEMIX holders and community members to easily check the details of each burning process, while the WEMIX BURN program is divided into three stages – Mass Burn, Batch Burn and Auto Burn.
Mass Burn
• Burning based on total issuance volume: In line with the foundation’s policy, the foundation’s holdings are burned to maintain total issuance volume under 1 billion WEMIX.
• 1st Mass Burn Amount: 71,302,181 WEMIX.
• Burning based on price: In line with the foundation’s policy, the price cap is set at $200 and 1% of the total issuance volume is burned from the foundation-owned assets under the condition that the previous top price is renewed after dividing sections of different price ranges in units of $10.
• 2nd Mass Burn Amount: 20,000,000 WEMIX Classic (with top price set at $21.5 by CoinMarketCap standard).
• Next Price of Burn: $30.