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- Dear Gate Post users, weโre excited to announce a brand-new upgrade to our user interface! The new version is simpler, smoother, and packed with many thoughtful new features. Update now and explore what's new! What do you think of the new Gate Post experience? Which features do you like most? Have you noticed any surprises or improvements? Share your experience now to split a $50 prize pool!
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- ๐ Gate.io #Launchpad# Initial Offering: #PFVS#
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WEMIX Foundation suspends WEMIX token burning plan
Golden Finance reported that the WEMIX Foundation has announced the suspension of the WEMIXToken destruction plan and will redirect resources to ecosystem expansion. The WEMIX team stated that the decision to stop the destruction plan is aimed at balancing supply, circulation, and the sustainable rise of the ecosystem. At the same time, the team will continue to promote deflationary Token economy through the WEMIX Pay repurchase plan, pledging to use at least 4-5% of WEMIX Pay's income for repurchase. Previously, the foundation implemented token burning in various ways, including six large-scale burnings, batch burnings, and automatic burnings. In the Brioche Hard Fork on July 1st this year, the foundation burned 435 million WEMIX (40% of the total circulation) and implemented the Block mint Halving mechanism.