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WEMIX3.0 is a true blockchain ecosystem designed to support the upcoming dApp, games, DAO, DeFi, NFT, and more. WEMIX3.0 is a high-performance EVM-compatible open source protocol powered by SPoA (Stake-based Proof of Authority) consensus algorithm which is secured by 40 decentralized authority nodes operated by highly-qualified global partners as well as on-chain community DAO(Decentralized Autonomous Organization).
Stake base Proof of Authority-
It is a consensus mechanism where validators are selected based on their reputation. It requires less computing power.WEMIX forces to stake more than a specific amount to give a physical penalty for the malfunction of the elected authority on-chain.
After staking is confirmed, any of the existing authority members propose a member to add a proposal to the governance contract. If more than 50% of the current authority members approve, they will be registered as new Authority members.
WEMIX proposes a hybrid structured blockchain network consisting of multichains to address the current limits.
Node Council Partners, also known as WONDERS, are 40 selected members who operate validator nodes for the WEMIX3.0 mainnet. Each NCP must stake 1.5M WEMIX, and the PMR (Permanent Minting Reward) is distributed automatically to NCP (40%), Stakers (10%), Eco fund (25%), and Maintenance (25%).
Top Games-
MIR4
Night Crows
MIR M - Vanguard and Vagabond
WEMIX features-
Transactions Per Seconds- 4000
Block Interval- 1 second
WEMIXUSD surged more than 75% in the past two weeks. It holds above the short-term (21 and 55 EMA) and above the long-term moving average. It hit a high of $3.58 and is currently trading around $3.380.
The bullish invalidation can happen if the pair closes below $1.80. On the lower side, the near-term support is $2.90. Any break below targets $2.35/$1.80. Any breach below $1.80 targets $1.
The pair's near-term resistance is around $3.50. Any breach above confirms minor bullishness. A jump to $4/$4.50 is possible. A surge past $5 will take it to $6.
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It is good to buy on dips around $2.35 with SL around $1.80 for TP of $4.40.
