Wemade Burns 71 Million WEMIX Tokens... Implementing a 'Contraction Token Economy'

[Asia Economy Reporter Seungjin Lee] Wemade will burn approximately 71 million WEMIX virtual assets.

On the 13th, Wemade announced that it will continuously implement a 'contraction token economy' that reduces the total issuance. This aims to resolve the inflation structure and increase the value of WEMIX.

Currently, most blockchain tokenomics domestically and internationally have a structure where the total coin issuance increases over time, causing inflation that lowers the value of individual tokens due to the increased issuance.

Accordingly, WEMIX burned 71,302,181 WEMIX held by the foundation on this day. Currently, WEMIX is below the initial issuance of 1 billion tokens, and plans to maintain this continuously.

Wemade does not stop at maintaining the lowered total issuance but plans various measures to continuously decrease it.

The entire amount of gas fees has already begun to be burned, and a policy to burn 25% of investment profits has been announced. By preparing additional burning policies in various ways, Wemade promises and intends to implement the 'continuous reduction of total issuance' that directly affects the value of WEMIX.

This content was produced with the assistance of AI translation services.