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Cryptocurrency News Articles
WEMIX Unveils Comprehensive Ecosystem Reinforcements to Boost Stability, Investor Confidence, and Global Expansion
May 09, 2025 at 09:01 pm
Currently, over 500k users are enjoying games on WEMIX PLAY.
WEMIX, the blockchain-powered gaming platform being built by WEMADE, has announced a wide-ranging strategic response designed to reinforce ecosystem stability, strengthen investor confidence, and accelerate global expansion.
This move follows an incident involving the WEMIX PLAY Bridge earlier this year.
The company's swift and structured actions are focused on both short-term volatility and long-term operational resilience.
"We are making strong progress in stabilizing the ecosystem following recent events," said the WEMIX team. "Our actions are driven by a commitment to both short-term recovery and long-term sustainability."
A multi-phase coin buyback program has seen over 10 million WEMIX coins repurchased to date, for a total value of approximately USD 7.5 million. To mitigate the impact on market pricing, the buyback applied TWAP and VWAP strategies.
Phase One of the buyback program, covering the period March 14 - April 21, 2025, has been completed.
A second phase, announced on April 22, 2025, will see an additional 20 million coins targeted for acquisition.
Further details will be shared after the program is completed.
This step is part of a broader effort to reduce supply and signal long-term confidence.
Multiple new games, featuring updated tokenomics and enhanced NFT integration, are scheduled for release this year.
These launches are expected to strengthen the platform's position within both the gaming and blockchain sectors.
March 2025 saw WEMIX complete comprehensive maintenance to reinforce platform infrastructure.
These upgrades focused on scalability, security, and service reliability.
The goal is to ensure optimal performance and a seamless user experience for the growing community on WEMIX PLAY, which currently has over 500k users enjoying games like Legend of Mir3: Spark, Chain Impact, and more.
WEMIX is the world's largest blockchain game platform. Currently, over 500k users are enjoying games on WEMIX PLAY.
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