WEMIX

Hi, this is the WEMIX team.We would like to provide additional details regarding the WEMIX Pay buy-back program, discussed on WEMIX DAY on July 16. Please refer to the following Q&amp;A for a more comprehensive understanding.[WEMIX Pay Buy-Back] • What’s the purpose behind WEMIX Pay? &gt; The price of an item is determined by various factors, with distribution costs being a significant part. WEMIX Pay benefits users and onboarding companies by reducing distribution costs (i.e., platform fees) and through these savings, offering additional benefits in the form of Prime Points and PLAY Tokens. Onboarding companies can achieve increased sales at lower fee rates, while users can independently utilize Prime Points and PLAY Tokens for benefits such as guaranteed high-grade items.• How does using WEMIX Pay impact the ecosystem? &gt; WEMIX Pay positively impacts the ecosystem by enabling the direct use of WEMIX. 1) Expanded Utility : WEMIX’s utility, previously used as a base currency only, will be expanded through  WEMIX Pay. 2) Enhanced Holding Effect : The enhanced utility will encourage users to buy and hold more WEMIX, thus encouraging more active trading and increasing demand of WEMIX among gamers. 3) Tokenomics Improvement : The buy-back will contribute to deflationary tokenomics.• How will the WEMIX Pay buy-back be funded? &gt; At least 4-5% of revenue generated through WEMIX Pay will be allocated for the buy-back. This includes all payment methods enabled by WEMIX Pay, including fiat and WEMIX. To conduct the buy-back effectively, we are reviewing various legal considerations and methods with multiple entities.• What is the implementation schedule for WEMIX Pay? &gt; WEMIX Pay will initially be implemented in &#34;NIGHT CROWS&#34; Global and &#34;MIR4&#34; Global, within the year.Additionally, as announced during WEMIX DAY, WEMIX Pay will be integrated into the upcoming game lineups (Legend of Ymir, Project M, Meta Toy DragonZ SAGA, Crystals of Naramunz) and is currently under discussion with various other game companies.• What is the schedule, method, and expected quantity of the WEMIX Pay buy-back? &gt; The buy-back will be conducted transparently, with at least 4-5% of the WEMIX Pay revenue. All buy-back results, including detailed explanations on how and when, will be publicly disclosed to the community at a later date.[Future Plan] We are currently focusing on introducing the new community-centric WEMIX PLAY, WEMIX Pay, and Wepublic funding projects. Starting in mid-August, we will communicate more with the community through follow-up announcements and a dedicated page about the latest developments of WEMIX.Thank you.Official WEMIX site announcement : <a href="https://www.wemix.com/communication/about-wemix-pay-buyback-2dd001a8cd70" rel="noopener noreferrer nofollow">https://www.wemix.com/communication/about-wemix-pay-buyback-2dd001a8cd70</a>[WEMIX Community] • WEMIX Official Webpage : <a href="https://www.wemix.com/communication" rel="noopener noreferrer nofollow">wemix.com</a> • Medium : <a href="https://medium.com/wemix-communication" rel="noopener noreferrer nofollow">WEMIX Communication</a> | <a href="https://medium.com/wemix-play" rel="noopener noreferrer nofollow">WEMIX PLAY</a> | <a href="https://medium.com/nile-official" rel="noopener noreferrer nofollow">NILE</a> • WEMIX Channels : <a href="https://twitter.com/WemixNetwork" rel="noopener noreferrer nofollow">X (formerly Twitter)</a> | <a href="https://www.facebook.com/WEMIXBlockchain" rel="noopener noreferrer nofollow">Facebook(WEMIX Platform)</a> | <a href="https://www.facebook.com/WEMIXGames" rel="noopener noreferrer nofollow">Facebook(WEMIX Games)</a> | <a href="https://t.me/WEMIX_ANNouncement" rel="noopener noreferrer nofollow">Telegram</a>

About WEMIX Pay Buy-Back

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