WEMIX
Specifications | Details |
|---|---|
Platform (underlying architecture) | Layer 1 |
Consensus Algorithm | |
Ecosystem | WeMix |
Token | WEMIX |
Native Token Ticker | $WEMIX |
Smallest Unit | wei (1 WEMIX = 10^18 wei) |
ARR or APY | ~5.56% |
Max Supply | 960,781,134 |
Delegation Requirements (Min-Max) | No minimum or maximum limit |
Stake Activation Period | None |
Reward Distribution Period | In real time |
Compounding | Manual |
Compounding Frequency | Rewards can be redelegated to the same WONDER (validator) as earned and claimed. |
Unbonding Period | 7 days |
Lockup Period | |
Penalties and Slashing | Yes |
Burn Mechanism | WeMix use Mass Burn, Batch Burn and Auto Burn mechanism to burn WeMix tokens for the sake of ecosystem growth. To know more check → https://wemixburn.com/en |
Validator Self-Bond Requirement | In Phase 2, WeMix shifted from fixed 1.5M WEMIX staking per validator to competitive staking, promoting active NCP ecosystem participation. |
Inflation | ~3.15% |
Validator Set Diversity | In Phase 2 of WeMix 3.0, There’re selected 40 WONDERS (validators). In Phase 3, this will change to an open system where anyone can become a WEMIX3.0 validator based on staking volume. The top 40 nodes, by total WEMIX staked, will validate transactions, shifting from SPoA (Stake Proof of Authority) to PoS (Proof of Stake). |
Governance Mechanism | On-chain governance |
Smart Contract Support | Yes |
Smart Contract Programming Language | Solidity |
Cross-chain Compatibility (Interoperability) | No |
TPS (Transaction Throughput) | Max. 4,000 |
Transaction Finality | 1 second |
Link to Explorer(s) | |
Testnet Faucet | |
Figment’s Public Validator Address | |
Figment Staking Guide | N/A |
Figment Supported MEV Relay | N/A |
Recommended Wallet(s) | Metanask, WalletConnect, WeMix Wallet |
CoinGecko Profile |
Updated 3 days ago