WEMIX Foundation suspends WEMIX token burning plan

robot
Abstract generation in progress

Golden Finance reported that the WEMIX Foundation has announced the suspension of the WEMIXToken destruction plan and will redirect resources to ecosystem expansion. The WEMIX team stated that the decision to stop the destruction plan is aimed at balancing supply, circulation, and the sustainable rise of the ecosystem. At the same time, the team will continue to promote deflationary Token economy through the WEMIX Pay repurchase plan, pledging to use at least 4-5% of WEMIX Pay's income for repurchase. Previously, the foundation implemented token burning in various ways, including six large-scale burnings, batch burnings, and automatic burnings. In the Brioche Hard Fork on July 1st this year, the foundation burned 435 million WEMIX (40% of the total circulation) and implemented the Block mint Halving mechanism.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
Emmanjor1vip
· 2024-08-04 00:15
Buy the Dip 🤑
Reply0
YaoyaoLovesCoriandervip
· 2024-08-02 23:55
All in All in 🙌
View OriginalReply0
5,000CompletedSmallGovip
· 2024-08-02 16:32
Things can change at any time.
View OriginalReply0
Demaciavip
· 2024-08-02 08:23
Ah
View OriginalReply0
GateUser-53420c0dvip
· 2024-08-02 08:01
BTCHalving to MOON 🚀
View OriginalReply0
GateUser-53420c0dvip
· 2024-08-02 08:01
To Da Moon 🌕
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)