Market Data & Token Stats
| Fully Diluted Valuation | $14.53M |
|---|---|
| 24H Trading Volume | $147 |
| 24H Low / High | $0.9923 / $1.01 |
| Circulating Supply | 14.54M |
| Total Supply | 14.54M |
| Max Supply | ∞ |
Market Health Signals
| Vol / MC Ratio | 0.00% Very Low |
|---|
Key Project Information
| Categories | Gaming (GameFi) 2 more |
|---|---|
| Founder | Anonymous |
| Website | wemix.com Whitepaper 1 more |
| Socials | 1 more |
| Chains | Wemix-network Ecosystem |
| Explorer | Wemix |
| Contracts |
0x8e8....ba9c1
|
OGAudit Security Evaluation & Social Audit Metrics
OGAudit Coin Evaluation Metrics
WEMIX Dollar (wemix$) Expert User Reviews
Is WEMIX Dollar safe or a scam? Read verified Crypto OG reviews about WEMIX Dollar
$wemix$ Markets
| Name | Pair | OG Score |
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About WEMIX Dollar
WEMIX$ is a stablecoin designed to maintain a 1:1 peg with USDC, functioning within the WEMIX ecosystem. It acts as a store of value, a unit of account and a medium of exchange. By being collateralized by USDC, WEMIX$ ensures stability and transparency for users within the WEMIX platform.
How Does WEMIX$ Work?
The issuance of WEMIX$ is backed by USDC, which is deposited into the Treasury. For every USDC held in the Treasury, an equivalent amount of WEMIX$ is issued. This system is controlled by the AMA (Authorized Mint Access) protocol, initially managed by the WEMIX Foundation. As the ecosystem grows, other partners may be allowed to participate in the issuance process.
Stability Mechanisms: TIP & TOP
To keep WEMIX$ stable, two key protocols are used: TIP (Treasury-In-Protocol) and TOP (Treasury-Out-Protocol). These protocols are part of the DIOS (Dollar In and Out Stabilizer), which ensures that the WEMIX$ price remains aligned with USDC, regardless of market fluctuations.
- TIP (Treasury-In-Protocol): When demand for WEMIX$ rises and causes its price to go above the USDC value, TIP is activated. The MINT contract swaps WEMIX$ for USDC and the USDC is added to the Treasury, helping to bring the price back in line.
- TOP (Treasury-Out-Protocol): On the flip side, if demand for WEMIX$ drops and its price falls below the USDC value, TOP is triggered. USDC is withdrawn from the Treasury and swapped for WEMIX$, which is then burned, preventing the price from falling further.
Price Stabilization and Ecosystem Growth
The DIOS protocol constantly monitors and stabilizes WEMIX$ within the ecosystem. By automatically activating TIP and TOP when needed, the system helps keep the WEMIX$ peg intact, ensuring users can rely on its value.
Conclusion
WEMIX$ is a stablecoin built to offer a transparent, stable and effective currency within the WEMIX ecosystem. Through its backing by USDC and the use of sophisticated stabilizing mechanisms like TIP and TOP, WEMIX$ aims to provide a reliable digital asset for users in a growing decentralized environment.
What is unique about WEMIX Dollar (WEMIX$)?
WEMIX$ is a stablecoin fully collateralized by USDC, ensuring price stability within the WEMIX ecosystem. Its unique stabilization mechanism, using TIP and TOP protocols, prevents depegging and ensures consistent value despite market fluctuations.
Who are the founders of WEMIX Dollar (WEMIX$)?
WEMIX$ was developed by the WEMIX Foundation, the organization behind the broader WEMIX ecosystem.
Where can I buy WEMIX Dollar (WEMIX$)?
WEMIX.Fi
Information in this section carefully collected and curated from publicly available data from official sources, including the WEMIX Dollar Official Website, WEMIX Dollar Whitepaper and WEMIX Dollar X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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