Golden Finance reported that the WEMIX Foundation has announced the suspension of the WEMIX Token burning plan, and will redirect resources to ecosystem expansion. The WEMIX team stated that the decision to suspend the burning plan aims to balance supply, circulation, and the sustainable rise of the ecosystem. At the same time, the team will continue to promote the deflationary Token economy through the WEMIX Pay repurchase plan, committing to use at least 4-5% of WEMIX Pay revenue for repurchase. Previously, the foundation implemented Token burning in multiple ways, including six large-scale burnings, batch burnings, and automatic burnings. In the Brioche Hard Fork on July 1 this year, the foundation burned 435 million WEMIX (40% of the total circulation) and implemented the Block minting Halving mechanism.
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Demacia
· 2024-09-27 14:11
Use 5% to pump When to announce execution, when to pump, when to sell, and then wait to buy again. This is roughly the idea of how they find their income and where to disclose it.
Golden Finance reported that the WEMIX Foundation has announced the suspension of the WEMIX Token burning plan, and will redirect resources to ecosystem expansion. The WEMIX team stated that the decision to suspend the burning plan aims to balance supply, circulation, and the sustainable rise of the ecosystem. At the same time, the team will continue to promote the deflationary Token economy through the WEMIX Pay repurchase plan, committing to use at least 4-5% of WEMIX Pay revenue for repurchase. Previously, the foundation implemented Token burning in multiple ways, including six large-scale burnings, batch burnings, and automatic burnings. In the Brioche Hard Fork on July 1 this year, the foundation burned 435 million WEMIX (40% of the total circulation) and implemented the Block minting Halving mechanism.