1.Project Introduction
WEMIX$ is a new type of stablecoin with 100% USDC collateralization, stimulating the flow of value within the platform-driven, service-oriented WEMIX mega-ecosystem. As a stablecoin that compliments WEMIX Coin, WEMIX$ functions as a store of value, unit of account, and medium of exchange.
For the initial issuance of WEMIX$, USDC is deposited in the Treasury and the same amount of WEMIX$ is issued. The protocol responsible for the issuance of WEMIX$ is called AMA (Authorized Mint Access) and is only given permission to the WEMIX foundation at the initial launch. AMA will gradually add more Partners depending on the growth and stabilization of the ecosystem. WEMIX$ maintains stability through pegging with USDC, an on-chain reserve. The Treasury, MINT and DIOS all contribute to the stabilization of WEMIX$ within the ecosystem. The total circulation of WEMIX$ and USDC in the Treasury will always remain the same.
Dollar In and Out Stabilizer (DIOS), is a WEMIX$ price stabilizing protocol which prevents depegging through TIP & TOP, which are responsible for stabilizing the price of WEMIX$.
2. Coin Info
- Token Name: WEMIX Dollar
- Token Symbol: WEMIX$
- Token Type: WEMIX
- Total Supply: 10,507,155
3. Useful Links
- Official Website:https://www.wemix.com/en/wemix
- Explorer: https://explorer.wemix.com/token/0x8E81fCc2d4A3bAa0eE9044E0D7E36F59C9BbA9c1/transfers
- Whitepaper: https://www.wemix.com/download/WEMIX3.0_Whitepaper.pdf
- Twitter: https://twitter.com/WemixNetwork
- Telegram: https://t.me/WEMIX_ANNouncement
