The annual inflation rate of WEMIX token is 3.15%
Data shows that as of now, the annual inflation rate of WEMIX token is 3.15%. On January 9th, Wemix, a blockchain developer worth $2.65 billion, announced that they will stop block minting rewards in the first quarter of 2024. They will no longer issue new tokens and instead use the WEMIX tokens already held in the foundation's digital wallet to incentivize the ecosystem protocol. Wemix states that with the token burning mechanism based on Gas fees spent on the protocol, this new measure will transform the network into a deflationary blockchain.
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.
You may also like
OpenAI is expected to spend $115 billions on increasing server investment by 2029.
pump.fun's protocol revenue surpassed Hyperliquid in the past 24 hours
Monad: Less Than 24 Hours Left Until the End of the Airdrop Claim Period
Trending news
MoreCrypto prices
More
