The WEMIX Foundation has decided to stop the minting rewards of WENIX tokens for each block
Blockchain gaming platform WEMIX announced that the foundation has decided to stop the minting rewards for each block of WENIX tokens. This means that the total supply of WEMIX will remain unchanged or decrease starting from the block height where the minting rewards are stopped. The project team will distribute WEMIX held by the foundation to incentivize ecosystem contributors, which is expected to last for approximately 20 years. Additionally, the current network fees collected through automatic burning will be converted into bulk burning, with the burn rate determined at the end of each quarter.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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