Wemade's WEMIX will implement a buyback and burn strategy and a token deflation strategy

ChainCatcher news, after several cryptocurrency exchanges in South Korea terminated trading support for WEMIX, the blockchain gaming platform WEMIX under the South Korean gaming company Wemade has decided to immediately implement a buyback and burn activity. WEMIX will buy back and burn WEMIX tokens worth $10 million within 90 days from December 9, 2022, to March 8, 2023. In addition, the foundation will adopt and implement a WEMIX deflationary policy, where 25% of the investment income generated by all WEMIX 3.0 platforms and the foundation will be burned quarterly. (source link)