The total supply of tokens has decreased by 60%. Is the future price increase of WEMIX fully guaranteed?

In March and June 2024, the WEMIX Foundation announced a series of token burn plans, which include a one-time destruction of a large amount of WEMIX tokens held by the foundation. These burn activities are part of the foundation's restructuring of the token economy, aimed at reducing the total circulating supply of WEMIX, thereby increasing the token's scarcity and potential value.
Specifically, the foundation plans to burn approximately 435 million WEMIX in the upcoming Brioche hard fork, which is expected to significantly reduce the maximum supply of the token from 980 million to 588 million, a decrease of 60%.
Overview of WEMIX token performance: Nearly 30% increase in a single day under deflationary benefits
On June 26, 2024, the price of WEMIX tokens achieved a significant increase of 28.2%, with a market capitalization reaching $4.92 million, as the price rose from $1.36 to over $1.40 within a single day. This increase reflects the market's high recognition and expectation of WEMIX's future strategy. This price fluctuation is a direct result of the WEMIX Foundation's announcement to burn approximately 400 million WEMIX from its total reserves.


In March 2024, the WEMIX Foundation first announced its token restructuring plan, which is expected to fundamentally change the token economy of WEMIX. The foundation announced the introduction of a halving mechanism to alter the block minting structure of WEMIX 3.0, as well as a one-time destruction of approximately 400 million WEMIX from its total reserves. This plan is expected to reduce the maximum supply of WEMIX by 60%, significantly increasing the token's scarcity and potential value.
Detailed explanation of the token burn plan and future directions of the project
On June 25, the foundation further announced the detailed token burn strategy to be implemented in the upcoming Brioche hard fork. The market reacted positively to this news, and the token price immediately witnessed the aforementioned significant increase. This price dynamic indicates that investors hold an optimistic view of WEMIX's strategy to reduce supply and enhance network functionality through the hard fork.
The WEMIX Foundation announced the implementation of a hard fork named "Brioche" on July 1, 2024, which is a key component of its token economy and technical architecture reform. A hard fork is a method in blockchain technology where the existing protocol is modified and new rules are introduced, resulting in a new chain that forks from the original chain. The main goal of the Brioche hard fork is to adjust the minting quantity of tokens through a halving mechanism, enhance the market value of WEMIX, and introduce new network functionalities to expand its ecosystem.
A notable feature of the Brioche hard fork is the implementation of a halving mechanism, which will automatically reduce the minting amount of tokens every two years, gradually lowering the supply of new WEMIX. Additionally, the WEMIX Foundation plans to burn approximately 435 million WEMIX it holds at the time of the fork, which will directly reduce the total circulating supply of WEMIX. These measures are expected to increase the scarcity of WEMIX, thereby potentially raising its price.
The Brioche hard fork will also introduce a series of new features aimed at enhancing the user experience and functionality of the WEMIX platform. These include:

1. Enhanced WEMIX PLAY: An upgraded gaming platform that will allow users to participate in on-chain games in a more efficient and interactive manner.
2. Technical Integration: Deeper integration of blockchain technology into games supported by WEMIX, such as "Legend of YMIR," to enhance fairness and transparency in gaming.
3. New Economic Model: After the hard fork, the new economic framework will better reflect resource utilization and user activity within the WEMIX ecosystem, enhancing the overall stability and sustainability of the ecosystem.
   The hard fork is expected to be implemented at a specific block time on July 1, 2024. To ensure a smooth transition, the WEMIX team will conduct a series of tests and updates to be compatible with the new chain rules. In the long run, this hard fork will help WEMIX adapt to the changing global regulatory environment while providing global users with more opportunities to participate in blockchain content in real-time.
   
   The Brioche hard fork is part of the strategic adjustment of the WEMIX ecosystem, aimed at enhancing its position in the global blockchain competition through technological innovation and optimization of token economics. This transformation is expected not only to enhance the market value of WEMIX tokens but also to increase user engagement and the overall vitality of the ecosystem.
   Introduction to the WEMIX platform: A blockchain gaming economic ecosystem
   Basic concept:
   WEMIX is a global digital asset platform based on blockchain, founded by the South Korean gaming company Wemade. The platform is game-centric and aims to integrate blockchain technology into the gaming industry, providing a new gaming economic system. WEMIX is not only a gaming platform but also an ecosystem that supports diverse blockchain applications, including digital asset trading, decentralized finance (DeFi) services, and various blockchain-based services.
   WEMIX's technology and features:
   The WEMIX platform operates on a self-developed blockchain, which provides it with high flexibility and scalability. WEMIX supports fast transaction processing capabilities and low fees, which are particularly important for gamers as they can provide a seamless gaming experience. Additionally, WEMIX employs various security measures, including distributed ledgers and encryption technology, to ensure the security and transparency of user transactions.
   Main applications of WEMIX:
   1. WEMIX Play: A comprehensive gaming platform where players can use WEMIX tokens to purchase, sell, and trade in-game items.
   2. NILE: The decentralized autonomous organization (DAO) of WEMIX, allowing community members to participate in project governance and make key decisions together.
   3. Wemix Defi: Provides staking, lending, and other decentralized financial services, allowing users to earn returns on their digital assets.
   Summary: Improved token model and enhanced features, WEMIX may bring positive changes to the Crypto world
   Through the implementation of the token burn plan, the WEMIX Foundation has effectively adjusted the market's demand and supply relationship for WEMIX tokens, resulting in a significant increase in token value. This strategy is an important step taken by the foundation to maintain token stability and enhance user confidence. With the upcoming Brioche hard fork and the introduction of more innovative features, WEMIX's market position is expected to further strengthen, laying a solid foundation for its leadership in the global blockchain gaming and application market.