The Latest

‫WEMIX PLAY’s First Fan Token MYRTLE exceeds 100m USD in market cap

Creator manages token minting and usage such as profit distribution, fan events etc. High-water mark method connects the value rise of Fan Token to expansion of fan community SEOUL, South Korea, Feb. 13, 2023 /PRNewswire/ — MYRTLE, the first Fan Token on WEMIX PLAY, exceeded 100m USD in market cap just one day after its […]
February 13, 2023
  • Creator manages token minting and usage such as profit distribution, fan events etc.
  • High-water mark method connects the value rise of Fan Token to expansion of fan community

SEOUL, South Korea, Feb. 13, 2023 /PRNewswire/ — MYRTLE, the first Fan Token on WEMIX PLAY, exceeded 100m USD in market cap just one day after its minting.

WEMIX PLAY Fan Token 'MYRTLE' Market Cap exceeds $100M

Minted by the famous Philippines actress/blockchain game streamer Myrtle Sarrosa on the global no 1 blockchain gaming platform WEMIX PLAY, its initial price was 1WEMIX$ and market cap was 1000WEMIX$ on 27th Jan.

As of 1st Feb, it was traded at 13.6WEMIX$ and the market cap grew to 109m WEMIX$.

Fan Token is a new way for fans to support creators using blockchain technology. A performance-based tokenomics connects creators’ popularity with the rise of their tokens’ value, and both creators and fans can benefit from the result.

Users can buy and hold Fan Token to support their favourite creators. And creators get to manage their own Fan Tokens, minted by a high-water mark method. They can monetize it, share it with fans via airdrop, or use it for many activities including fan meetings and direct support to the communities.

High-water mark method, unlike usual tokenomics which automatically mint new tokens regularly, mints new tokens only when its 24-hour average price exceeds previous average price.

WEMIX will continue to collaborate with other creators to expand the Fan Token-based digital economy fan community ecosystem.

More information can be found on WEMIX PLAY official website. https://wemixplay.com/fan-token

About WEMIX

WEMIX is a blockchain gaming platform developed by WEMIX Pte. Ltd, providing services that include a cryptocurrency wallet, decentralised exchange, NFT marketplace, WEMIX token staking programme and the game gateway. WEMIX Pte. Ltd. is a subsidiary of Wemade, the developer and owner of “The Legend of Mir” IP, a highly successful game with over 500 million users. For more information, visit www.WEMIXnetwork.com

 

Photo – https://mma.prnewswire.com/media/2000737/WEMIX_PLAY_Fan_Token_MYRTLE.jpg

Logo – https://mma.prnewswire.com/media/1867226/wemix_logo_Logo.jpg

Previous Article

‫جامعة Alliance تستضيف بالاشتراك مع اتحاد الجامعات الهندية (AIU) بطولة خو خو Kho-Kho المنطقة الجنوبية المشتركة بين الجامعات للسيدات.

Next Article

Americaneagle.com Soars to New Heights with Achievement of Earning All 5 of Sitecore’s Core Composable Product Specialization Badges

Related Posts

Anaqua and ASU Co., Ltd. Announce Strategic Partnership

Long-term partnership to provide Anaqua intellectual property management systems migration and support for clients in Japan TOKYO, Dec. 06, 2021 (GLOBE NEWSWIRE) — Anaqua, the leading provider of innovation and intellectual property management solutions, and ASU Co., Ltd. (ASU), one of the foremost companies in Japan providing support for IP management systems in Japan, today […]

GMAC Welcomes Top Latin American Business School as Its Newest Member

EGADE Business School brings diversity and prestige to the Council RESTON, Va., May 27, 2021 (GLOBE NEWSWIRE) — The Graduate Management Admission Council™ (GMAC™) today announced that EGADE Business School at Tecnológico de Monterrey has become the Council’s latest member. Located in Mexico, the EGADE Business School is selected for its world-class programs and international recognition in and beyond […]

‫رافعة الخيط الجديدة مع براءة اختراع معتمدة في التصميم “TIMEMACHINE LIFT THREAD، ترسية مزدوجة التروس”

سيول، كوريا الجنوبية، 21 نوفمبر 2022 / PRNewswire / — رفع الخيط الآمن دون جراحة، وهي طريقة الرفع الأكثر شهرة بمزايا مختلفة في الآونة الأخيرة، مع تطوير إجراءات الرفع المختلفة، هناك العديد من الطرق لإتقان المظهر الطبيعي، والعديد من الناس يحصلون على هذه الإجراءات بانتظام بسبب انخفاض التكلفة. إجراء الرفع الأكثر شيوعًا هو رفع الخيط، وهو إجراء يسحب […]