The WEMIX Foundation has introduced a new Buyback program designed to drive long-term value for its token and introduce deflationary pressure within the ecosystem. The initiative will allocate a portion of revenue generated through WEMIX PAY, a platform facilitating in-game purchases and transactions, each month to purchase back WEMIX tokens. This buyback will be implemented using a Time-Weighted Average Price (TWAP) strategy to accumulate tokens steadily while minimizing market volatility.
The program’s initial implementation details include:
– A minimum buyback allocation of 4% to 5% of all WEMIX PAY revenue generated each month.
– The buyback window will run for at least three weeks, and potentially extend up to a year, with each round commencing within one month of the corresponding revenue period.
– Purchases will be executed using TWAP strategy, ensuring steady accumulation while minimizing market disruption.
This move follows several significant ecosystem advancements, including the launch of WEMIX PAY, expansion of WEMIX PLAY Webshop for in-game asset integration, successful integrations with NIGHT CROWS and MIR4 gaming platforms, and the introduction of PLAY Token issuance to unlock new value streams. The program underscores the WEMIX Foundation’s commitment to community transparency and ongoing innovation, ensuring both sustainable growth and user satisfaction through regular updates on the buyback’s progress.