Coin Network reports: The World Fishing Championship provides global services through WEMIX PLAY and will end on May 24, 2024. Paid item purchases have been discontinued on April 25, 2022. After the termination of the service fee, Token trading and other related services in the PLAY Wallet will continue as normal. The refund application timeline is from April 25, 2024 to June 24, 2024. Paid gems will be immediately transferred to the player's bank accounts in July 2024; paid items will be handled separately according to Google Play Store policies. Please make sure to claim your rewards before the expiration date, as you will not be able to claim them afterwards.

The WEMIX Foundation will burn approximately 400 million WEMIX in its total reserves at one time. At the same time, the Foundation will introduce halving to change the block minting structure of WEMIX 3.0. The restructuring will reduce WEMIX's maximum supply by 60% from the current 980 million. During the halving period, the network fees of the WEMIX ecosystem will be converted into block minting rewards (PMR). The total size of team rewards will be reduced from 90 million to 50 million. 40 million will be destroyed immediately. Development costs will be used over a total of five years. In January of this year, WEMIX reduced the number of KLEVA tokens minted per block by 10% per month.

WEMIX: 102,567.63 WEMIX Classic was burned today, bringing the remaining supply down to about 176 million According to official information, WEMIX announced that 102,567.63 WEMIX Classic will be burned today, and after the completion of this burn, the cumulative number of WEMIX Classic burned will reach 877,266,026.72, and the remaining supply is 176,240,953.28.

According to official information, MADNGINE will join 25 WONDERS as WONDER 40 after the new NCP agenda is approved. The 1,500,000 WEMIX previously staked in the existing WONDER 25 wallet will be returned to the Ceffu Custody Reserve wallet. Due to the transfer of 1,500,000 WEMIX from the external wallet (circulation) to the Ceffu Custody Reserve wallet (non-circulation), the circulating supply decreased by 1,500,000 WEMIX to 365,855,676 WEMIX, which is 84.42% of the maximum supply (as of 2:00 p.m. KST on March 13).

Golden Finance reported that WEMIX officially announced that the new KLEVA Token economics has been implemented from the Klaytn Block 143750458, and now the number of KLEVA Token minted per Block will be reduced by 10%, with 0.9 Token minted per Block. After that, the monthly reduction will continue by 10%, and the next reduction is scheduled to be implemented from Klaytn Block 146378458 (around February 20, 2024). WEMIX reminds users to pay attention to the change, and the reduction in Token minting leads to a decrease in the number of KLEVA Tokens allocated to the service, which affects lending/staking and leveraged yield Mining profits.

Odaily WEMIX announced that it has implemented a new KLEVA Token economics starting from the Klaytn Block 143750458, and the number of KLEVA Token minted per Block will be reduced by 10%, to 0.9 Token per Block. WEMIX said that the number of KLEVA Token minted per Block will continue to decrease by 10% per month after that, and the next reduction is planned to be implemented from the Klaytn Block 146378458 (around February 20, 2024).

WeMade announced that VeriChains has joined the WEMIX 3.0 Mainnet as one of its 40 WONDERS Node operators. Golden Finance previously reported that WeMade announced that global game developer Ubisoft has joined the WEMIX 3.0 Mainnet.

According to Golden Finance, data shows that as of now, the annual Inflation rate of WEMIXToken is 3.15%. On January 9, the $2.65 billion Wemix Blockchain developer said they would stop blocking rewards in the first quarter of 2024. Instead of issuing new Token, they will use the WEMIXToken already held by the Foundation's digital Wallet to incentivize ecosystem protocols. Wemix said that combined with the token burning mechanism of gas fees spent on the protocol, the new move will transform the network into a deflation Blockchain.

WeMade announced that global game developer Ubisoft has joined the WEMIX 3.0 Mainnet as one of its 40 WONDERS Node operators.

WeMade today announced the upgrade of Klaytn's Decentralized Finance service Cleva to Cleva Omni. Cleva will switch to the WeMix 3.0 Mainnet service in March. The existing Cleva Token will be issued as the native Token on Wemix 3.0.

According to official sources, the WEMIX Foundation has decided to terminate the Block minting rewards, which means that the total supply of WEMIX will remain the same or decrease from the Block Height of stopping Block minting rewards. Next plans include: - Publish an updated White Paper reflecting the above changes and reallocate Token accordingly; - The core of WEMIX 3.0 will be Hard Fork, and the Block minting will be stopped after deployment; - The total supply of WEMIX will be determined based on a specific block height and published on data aggregation platforms and exchanges such as CoinMarketCap; - The new Block Reward will be distributed through the Block Reward Wallet individually designed by the WEMIX Foundation.

PANews reported on January 9 that South Korean Blockchain game platform WEMIX announced a major Token strategy adjustment. WEMIX Foundation has decided to discontinue the reward mechanism of minting WEMIX Token in each Block, which means that the total supply of WEMIX will remain the same, or gradually decrease from the Block Height that implements the Block minting rewards. IN ORDER TO MAINTAIN THE VITALITY OF THE ECOSYSTEM, THE PROJECT TEAM PLANS TO USE THE WEMIX HELD BY THE FOUNDATION TO INCENTIVIZE CONTRIBUTORS, WHICH IS EXPECTED TO LAST FOR ABOUT 20 YEARS. In addition, the current auto-burn network fees will be converted to quarterly batch burns, and the burn rate will be determined at the end of each quarter. WEMIX also plans to release an updated white paper to reflect these changes and redistribute tokens based on the new white paper. Next, WEMIX 3.0 will undergo a hard fork, and the minting of block rewards will be stopped after deployment. The total supply will be determined based on the specified block height and disclosed on data aggregation platforms such as CoinMarketCap, as well as exchanges. The new Block Reward will be distributed through a dedicated wallet designed by the WEMIX Foundation. These modifications and deployments are expected to be completed in the first quarter of this year, and the project team will provide guidance to the community through an official announcement before each step is executed.

According to Golden Finance, Blockchain gaming platform WEMIX issued a document saying that the Foundation has decided to stop minting rewards for WENIX Token each Block, which means that the total supply of WEMIX will remain the same, or will decrease from the Block Height of implementing the Block minting rewards. The project team will use the WEMIX held by the Foundation for distribution to incentivize ecosystem contributors, which is expected to last for about 20 years, while the current network fees through automatic destruction will be converted to batch burning, and the burn rate is determined at the end of each quarter.

On January 3, it was reported that the South Korean National Tax Service collected about 53.7 billion won (about 41.05 million US dollars) from Wemade and its subsidiary Wemade Tree. The National Tax Service conducted a tax investigation on the Vitual MoneyWEMIX issued by Wemade and Wemade Tree in the past and decided to impose such a surcharge. According to a person related to WeMade, this is the tax generated by the accounting and tax treatment used by Wemix from 2019 to 2022, and we plan to pay it truthfully.

PANews news on January 3, according to Yonhap News Agency, South Korea's listed game company WeMade was chased 53.69 billion won (about 4106.75 US dollars) by the local tax agency for Vitual Money business. Wemade disclosed on the 3rd that the Central Regional Tax Service imposed a recovery fee of 53.69 billion won on it based on the results of a comprehensive corporate tax survey from 2019 to 2022. The deadline for payment is the 29th of the following month, and the ratio of the call to its own capital is 10.05%. This amount is calculated by combining the amounts levied by WeMade and its subsidiary, WeMade Tree. WeMade Tree is a company established by WeMade in January 2018 to enter the Blockchain business, and was absorbed and merged by the head office in February 2022. According to reports, the National Tax Service of Korea conducted a tax investigation into the Vitual MoneyWEMIX issued and used by WeMade and WeMade Tree in the past and decided to impose a recovery fee. A person in charge of WeMade said, "We plan to truthfully pay the taxes arising from the accounting and tax treatment of Wemix from 2019 to 2022. As the uncertain tax treatment of virtual assets becomes clearer, the stability of the company's business will increase. ”

PANews news on January 3, according to Yonhap News Agency, South Korea's listed game company WeMade was chased 53.69 billion won (about 4106.75 US dollars) by the local tax agency for Vitual Money business. Wemade disclosed on the 3rd that the Central Regional Tax Service imposed a recovery fee of 53.69 billion won on it based on the results of a comprehensive corporate tax survey from 2019 to 2022. The deadline for payment is the 29th of the following month, and the ratio of the call to its own capital is 10.05%. This amount is calculated by combining the amounts levied by WeMade and its subsidiary, WeMade Tree. WeMade Tree is a company established by WeMade in January 2018 to enter the Blockchain business, and was absorbed and merged by the head office in February 2022. According to reports, the National Tax Service of Korea conducted a tax investigation into the Vitual MoneyWEMIX issued and used by WeMade and WeMade Tree in the past and decided to impose a recovery fee. A person in charge of WeMade said, "We plan to truthfully pay the taxes arising from the accounting and tax treatment of Wemix from 2019 to 2022. As the uncertain tax treatment of virtual assets becomes clearer, the stability of the company's business will increase. ”

Wemade and Whampoa Digital Launch a $100 Million Web3 Fund to Invest in Blockchain Gaming Projects South Korean game publisher Wemade has partnered with Singapore-based investment firm Whampoa Digital to launch a $100 million Web3 fund. The Wemade Web3 Fund aims to invest in blockchain gaming projects, particularly in the Middle East region, to accelerate blockchain adoption. Wemade is also constructing the Wemix Play Center in Dubai's DIFC Innovation Hub, where blockchain gaming companies and projects supported by the fund will have office spaces for collaboration and mentorship

PANews reported on December 22 that South Korean game company Wemade and Singapore's Whampoa Digital have established a strategic partnership to jointly launch a $100 million Wemade Web3 fund. Whampoa Digital is the technology investment arm of Singapore-based Whampoa Group, a private investment firm owned by some of Asia's leading families. As part of the partnership, Whampoa Digital will be an ecosystem partner of Wemade's WEMIX PLAY hub at the Dubai International Financial Centre (DIFC) Innovation Centre and the Wemade Web3 Fund. The two parties will make mutual project recommendations and co-invest in promising projects within the Web3 industry. Wemade operates PLAY, the world's leading Web3 gaming platform WEMIX and has a proven track record of excellence in gaming investment. In March this year, it was reported that Whampoa Group, a Singaporean family office, launched Whampoa Digital, a digital investment institution, and planned to deploy US$100 million for Web3 investment.

South Korean game company Wemade and Singapore's Whampoa Digital have reached a strategic partnership to jointly launch a $100 million Wemade Web3 fund, according to Golden Finance. Whampoa Digital will be an ecosystem partner of the Wemade WEMIX PLAY hub at the Dubai International Financial Centre (DIFC) Innovation Hub, as well as the Wemade Web3 Fund, which will support WEMIX PLAY hub partner developers.