Mainnet Protocol

WEMIX3.0 is a high-performance EVM-compatible open source protocol powered by SPoA(Stake-based Proof of Authority) consensus algorithm which is secured by 40 decentralized authority nodes operated by highly-qualified global partners as well as on-chain community DAO(Decentralized Autonomous Organization). It is designed to be a robust and efficient platform-driven & service-oriented public blockchain home to innovative projects and applications built by the community for the world.

Decentralized, secure, and scalable

WEMIX3.0 resolves the 'Blockchain Trilemma' by maintaining the balance between decentralization, security, and scalability by implementation of variable total gas fee formula based on the EIP-1559, the 40 WONDERS(WEMIX On-chain Network of Decentralized Ecosystem Regulators) also known as the node council partners, and 4,000 TPS throughput with a 1 second block interval.
Code Base
Ethereum (EVM compatible)
Throughput
Max 4,000 TPS
Block Interval
1 second
Permanent Minting Reward
1 WEMIX per BLOCK
Consensus
Stake-based Proof of Authority w/ RAFT leader selection
Authority
40 Qualified Node Council Partners
Reward Distribution
40% Node Council Partner Reward
10% Staking Reward
25% ECO Fund
25% Maintenance

WEMIX3.0 Roadmap

Decentralized technology, Democratized governance

WEMIX3.0 mainnet, developed on a decentralized architecture, will introduce a multi-phase democratized governance where the community is empowered to impact the 40 authority node governance structure through the introduction of a delegated staking module. This is the fundamental principle of the mainnet's roadmap, a means to illustrate true democratization through adoption of meritocracy based on contribution to the ecosystem.

  1. Phase 01CURRENT

    Node Council Partners, also known as WONDERS, are 40 selected members who operate secured validating nodes for the WEMIX3.0 mainnet.

    40 WONDERS are constituted by Technology Sponsors that contribute to the secure operation and innovation of WEMIX3.0, and Ecosystem Sponsors that contribute to the establishment of the experience cycle created through the on-chain/off-chain ecosystem via WEMIX3.0.

    Each NCP must stake 1.5M WEMIX, and the PMR (Permanent Minting Reward) is distributed automatically to NCP (40%), Stakers (10%), Eco fund (25%) and Maintenance (25%).

    WEMIX Grand Staking will become available to the community which will yield the 10% Staking Reward allocated through the PMR. However, staking participants for the WEMIX Grand Staking may not withdrawal from the staking pool prior to the implementation of Phase 2.

  2. Phase 02

    Upon Phase 2 launch, 1.5M fixed WEMIX Staking per validator node, which encourages active contribution of NCPs to the ecosystem, will be abolished and transformed into competitive staking.

    The initial distribution ratio of the PMR will be changed with the discontinuation of 10% staking reward allocated to WEMIX Grand Staking participants in Phase 2.

    The 40% PMR allocated as NCP reward will be increased to 50%.

    In doing so, WEMIX Grand Staking participants may then choose to delegate their stake volume to any of the 40 validator nodes, effectively increasing the chosen node's total staked shares above the median; generating increased reward rate for the node and community members that are participating in the delegation.

    This method will stimulate active participation of the community in the governance, but if any imposed action by the node operator is regarded as malicious or harmful to the ecosystem, the governance oversight program will confiscate total staked assets of the node’s assets.

  3. Phase 03

    Validator node operation by 40 selected authority partners known as, WONDERS, will be discontinued and the governance module will shift into an open & autonomous node participation system where anyone can become the validators of WEMIX3.0 based on staking volume.

    Based on the total WEMIX staking volume per node, top 40 nodes will be periodically selected to validate transactions, transforming from an SPoA model into a PoS model.

    A slashing policy will be implemented to enforce fair operation of validator nodes, especially in the event of willful collusion against the interests of the ecosystem but also possible result of a misconfiguration of the node. Slashing will penalize the node by removing a portion of its existing stake and is irreversible.

    Democratized governance is completed at this stage, and the mainnet will be upgraded to WEMIX4.0. The schedule is yet to be determined.

The journey into the Web3 era, from block zero and beyond.

  • Jul. 1st, 2022
    Testnet

    Initiation of Testnet phase and onboarding of WEMIX Wallet and Governance DApp.

  • Jul. 1st, 2022
    WEMIX PLAY

    Launch of the brand new WEMIX PLAY gaming platform.

  • Oct. 20th, 2022
    Mainnet

    Genesis block creation & minting of WEMIX on the new Mainnet.*Halting of WEMIX Classic tokens

  • Oct. 22th, 2022
    WEMIX.Fi

    Onboarding of DEX, Bridge, Swap, and Borrowing protocols.

  • Oct. 22th, 2022
    WEMIX$

    Implementation of 100% collateralized stable coin.

  • Nov. 11th, 2022
    NILE

    Neith Protocol launch and facilitation of DAO proposals.

History

WEMIX1.0Cornerstone
WEMIX was founded in 2019 by WEMADE TREE, a subsidiary company of WEMADE, and began the great journey with a solid vision to create a blockchain gaming platform servicing various games with their own tokenomics on the blockchain network. This was the beginning of WEMIX, the very cornerstone of the blockchain gaming era.
WEMIX2.0Pioneer
In August of 2021, the flagship title MIR4 was published on WEMIX platform to more than 170 countries across the globe as the world's first commercially successful MMORPG that implemented a blockchain economy. This triggered an unprecedented paradigm shift in the gaming industry that bolstered the adoption of blockchain technology onto existing games. WEMIX2.0 was the second phase in the history of WEMIX leading the industry by pioneering a phenomenon known as P&E(Play & Earn).

WEMIX & WEMIX$

WEMIX3.0 introduces WEMIX$, the official stablecoin protocol with 100% collateralization of on-chain and off-chain secure assets such as USDC and Fiat currencies.

Economic value
The natural flow of value throughout the mega-ecosystem influence the quantitative(TVL) growth of the stablecoin which will directly impact the qualitative(Price) growth of the native coin- WEMIX.
Dynamic relationship
Stability achieved through the stablecoin(Currency Token) positions it to function as a store of value, unit of account, and medium of exchange within the ecosystem secured by full collateralization. The native coin, WEMIX(Utility Coin), functions as a resource with economic value that circulates in and out of the WEMIX ecosystem.
Mega-Ecosystem
The dynamic relationship between WEMIX and WEMIX$ is structured to offer frictionless value flow between Games, DApps, DeFi, and other future services that become available on WEMIX3.0.

WEMIX Wallet

The decentralized native wallet of WEMIX3.0 is like a Web3 banking app- without the bank. WEMIX Wallet provides experience-centric services in managing funds and crypto-assets without the need of custody over them. Meaning, that the wallet is a non-custodial crypto wallet designed to provide your the sole control over your private keys.

WEMIX Explorer

There are two components to the WEMIX Explorer, the Macroscope and the Microscope. Macroscope of WEMIX is the collection of data that directly influences the growth of the ecosystem as a whole, whereas the Microscope analyzes activities including detailed transactions and block validations within the WEMIX blockchain network.