【9DNFT】NOTES FOR USING NEMO WALLET.
21 Dec 2022, 03:58
💥【9DNFT】NOTES FOR USING NEMO WALLET
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421 Dec 2022, 04:11
WEMIX VESTING PLAN 2023
WEMIX Official Medium Communication :
1. Establishing a new WEMIX Vesting Plan
WEMIX is pursuing a transparent & deflationary tokenomics. Thus, we will publicly disclose the current status of WEMIX foundation and the vesting plans for the future to secure trust regarding the growth potential of WEMIX.
2. WEMIX Foundation
Until now, companies associated with or related to WEMIX were collectively referred to as the ‘foundation’, and we aim to clarify the subject of the business to prevent further confusion for our community and investors.
- WEMIX Foundation: WEMIX PTE. LTD, its operating office based in Korea, the subsidiary WEMIX KOREA CO., LTD, WEMIX BAHAMAS, LLC and WEMIX US, LLC will be collectively referred to as WEMIX Foundation. Wholly-owned subsidiaries and offices are being established globally in order to effectively carry out foundation activities, and these entities are also included in the foundation. WEMIX Foundation leads WEMIX3.0, WEMIX-based marketing, investments and partnerships; all businesses related to WEMIX are led by WEMIX Foundation, and all shares of WEMIX funded companies(i.e. WEMADE PLAY) are invested by WEMIX Foundation. In addition, the ROI(return on investment) from asset sales owned by the Foundation will be re-invested by the same entity, and 25% of the ROI will be used towards buyback and burn campaigns in pursuit of deflationary tokenomics.
Based on the block height 5,199,579 generated on December 19th, 2022 16:09:44 (KST), the volume of non-circulating supply of WEMIX is 721,471,016 and the proportion between WEMIX owned by WEMIX Foundation and WEMADE is as follows:
- WEMADE 6.7% / WEMIX Foundation 93.3%
3. WEMIX Vesting Plan
The circulating supply of WEMIX is calculated based on the global standards established on various cases:
- Total supply = Cumulative supply - Burned amount
- Circulating supply = Total Supply - Non-circulating supply
- Non-circulating supply = Lock-up supply + NCP Staking
- Lock-up supply = Foundation lock-up supply + Lock-up volume excluding Foundation
- Lock-up supply excluding Foundation = WEMADE Lock-up volume + Third-party lock-up volume
Accordingly, the cumulative supply of WEMIX is 1,057,927,417, burned amount of 91,303,958, total supply of 966,623,459, non-circulating supply of 721,471,016 and circulating supply of 245,152,443.
WEMIX intends to comply with the new vesting plan for the total of 720,000,000 WEMIX after transferring 1,471,016 WEMIX to the wallet designated for circulation for use towards current on-going activities led by the Foundation.
We have categorized all WEMIX as circulating supply except for the holdings in labeled foundation-owned wallets, WEMADE-owned wallets, NCP staking volume, and non-disposable third-party wallets.
WEMIX Foundation Vesting Plan(581,507,711 WEMIX)
The holdings of WEMIX PTE. LTD, its operating office based in Korea, WEMIX Korea, and other entities which are collectively referred to as the Foundation, will be subject to a relock-up. From January 2023, a pre-disclosed volume of WEMIX will be circulated through monthly linear vesting over a five year(60 months) period. Each month, 9,691,795 WEMIX will be transferred to the wallet designated for circulation, and the foundation may only use WEMIX transferred into this wallet for business purposes, investment attraction, and investment activities. Any volume that exceeds the circulation plan will not be transferred under any circumstance. This includes non-circulating third-party wallets and the lock-up period for such volume is reflected into the circulation plan.
WEMIX VESTING PLAN 2023. WEMIX Official Medium Communication :. Establishing a new WEMIX Vesting Plan.
WEMIX VESTING PLAN 2023
WEMIX Official Medium Communication :
https://medium.com/wemix-communication/wemix-vesting-plan-2023-b49caa0396f4
1. Establishing a new WEMIX Vesting Plan
WEMIX is pursuing a transparent & deflationary tokenomics. Thus, we will publicly disclose the current status of WEMIX foundation and the vesting plans for the future to secure trust regarding the growth potential of WEMIX.
2. WEMIX Foundation
Until now, companies associated with or related to WEMIX were collectively referred to as the ‘foundation’, and we aim to clarify the subject of the business to prevent further confusion for our community and investors.
- WEMIX Foundation: WEMIX PTE. LTD, its operating office based in Korea, the subsidiary WEMIX KOREA CO., LTD, WEMIX BAHAMAS, LLC and WEMIX US, LLC will be collectively referred to as WEMIX Foundation. Wholly-owned subsidiaries and offices are being established globally in order to effectively carry out foundation activities, and these entities are also included in the foundation. WEMIX Foundation leads WEMIX3.0, WEMIX-based marketing, investments and partnerships; all businesses related to WEMIX are led by WEMIX Foundation, and all shares of WEMIX funded companies(i.e. WEMADE PLAY) are invested by WEMIX Foundation. In addition, the ROI(return on investment) from asset sales owned by the Foundation will be re-invested by the same entity, and 25% of the ROI will be used towards buyback and burn campaigns in pursuit of deflationary tokenomics.
Based on the block height 5,199,579 generated on December 19th, 2022 16:09:44 (KST), the volume of non-circulating supply of WEMIX is 721,471,016 and the proportion between WEMIX owned by WEMIX Foundation and WEMADE is as follows:
- WEMADE 6.7% / WEMIX Foundation 93.3%
3. WEMIX Vesting Plan
The circulating supply of WEMIX is calculated based on the global standards established on various cases:
- Total supply = Cumulative supply - Burned amount
- Circulating supply = Total Supply - Non-circulating supply
- Non-circulating supply = Lock-up supply + NCP Staking
- Lock-up supply = Foundation lock-up supply + Lock-up volume excluding Foundation
- Lock-up supply excluding Foundation = WEMADE Lock-up volume + Third-party lock-up volume
Accordingly, the cumulative supply of WEMIX is 1,057,927,417, burned amount of 91,303,958, total supply of 966,623,459, non-circulating supply of 721,471,016 and circulating supply of 245,152,443.
WEMIX intends to comply with the new vesting plan for the total of 720,000,000 WEMIX after transferring 1,471,016 WEMIX to the wallet designated for circulation for use towards current on-going activities led by the Foundation.
We have categorized all WEMIX as circulating supply except for the holdings in labeled foundation-owned wallets, WEMADE-owned wallets, NCP staking volume, and non-disposable third-party wallets.
WEMIX Foundation Vesting Plan(581,507,711 WEMIX)
The holdings of WEMIX PTE. LTD, its operating office based in Korea, WEMIX Korea, and other entities which are collectively referred to as the Foundation, will be subject to a relock-up. From January 2023, a pre-disclosed volume of WEMIX will be circulated through monthly linear vesting over a five year(60 months) period. Each month, 9,691,795 WEMIX will be transferred to the wallet designated for circulation, and the foundation may only use WEMIX transferred into this wallet for business purposes, investment attraction, and investment activities. Any volume that exceeds the circulation plan will not be transferred under any circumstance. This includes non-circulating third-party wallets and the lock-up period for such volume is reflected into the circulation plan.
21 Dec 2022, 04:11
WEMIX VESTING PLAN 2023
WEMIX Official Medium Communication :
1. Establishing a new WEMIX Vesting Plan
WEMIX is pursuing a transparent & deflationary tokenomics. Thus, we will publicly disclose the current status of WEMIX foundation and the vesting plans for the future to secure trust regarding the growth potential of WEMIX.
2. WEMIX Foundation
Until now, companies associated with or related to WEMIX were collectively referred to as the ‘foundation’, and we aim to clarify the subject of the business to prevent further confusion for our community and investors.
- WEMIX Foundation: WEMIX PTE. LTD, its operating office based in Korea, the subsidiary WEMIX KOREA CO., LTD, WEMIX BAHAMAS, LLC and WEMIX US, LLC will be collectively referred to as WEMIX Foundation. Wholly-owned subsidiaries and offices are being established globally in order to effectively carry out foundation activities, and these entities are also included in the foundation. WEMIX Foundation leads WEMIX3.0, WEMIX-based marketing, investments and partnerships; all businesses related to WEMIX are led by WEMIX Foundation, and all shares of WEMIX funded companies(i.e. WEMADE PLAY) are invested by WEMIX Foundation. In addition, the ROI(return on investment) from asset sales owned by the Foundation will be re-invested by the same entity, and 25% of the ROI will be used towards buyback and burn campaigns in pursuit of deflationary tokenomics.
Based on the block height 5,199,579 generated on December 19th, 2022 16:09:44 (KST), the volume of non-circulating supply of WEMIX is 721,471,016 and the proportion between WEMIX owned by WEMIX Foundation and WEMADE is as follows:
- WEMADE 6.7% / WEMIX Foundation 93.3%
3. WEMIX Vesting Plan
The circulating supply of WEMIX is calculated based on the global standards established on various cases:
- Total supply = Cumulative supply - Burned amount
- Circulating supply = Total Supply - Non-circulating supply
- Non-circulating supply = Lock-up supply + NCP Staking
- Lock-up supply = Foundation lock-up supply + Lock-up volume excluding Foundation
- Lock-up supply excluding Foundation = WEMADE Lock-up volume + Third-party lock-up volume
Accordingly, the cumulative supply of WEMIX is 1,057,927,417, burned amount of 91,303,958, total supply of 966,623,459, non-circulating supply of 721,471,016 and circulating supply of 245,152,443.
WEMIX intends to comply with the new vesting plan for the total of 720,000,000 WEMIX after transferring 1,471,016 WEMIX to the wallet designated for circulation for use towards current on-going activities led by the Foundation.
We have categorized all WEMIX as circulating supply except for the holdings in labeled foundation-owned wallets, WEMADE-owned wallets, NCP staking volume, and non-disposable third-party wallets.
WEMIX Foundation Vesting Plan(581,507,711 WEMIX)
The holdings of WEMIX PTE. LTD, its operating office based in Korea, WEMIX Korea, and other entities which are collectively referred to as the Foundation, will be subject to a relock-up. From January 2023, a pre-disclosed volume of WEMIX will be circulated through monthly linear vesting over a five year(60 months) period. Each month, 9,691,795 WEMIX will be transferred to the wallet designated for circulation, and the foundation may only use WEMIX transferred into this wallet for business purposes, investment attraction, and investment activities. Any volume that exceeds the circulation plan will not be transferred under any circumstance. This includes non-circulating third-party wallets and the lock-up period for such volume is reflected into the circulation plan.
WEMIX VESTING PLAN 2023. WEMIX Official Medium Communication :. Establishing a new WEMIX Vesting Plan.
WEMIX VESTING PLAN 2023
WEMIX Official Medium Communication :
https://medium.com/wemix-communication/wemix-vesting-plan-2023-b49caa0396f4
1. Establishing a new WEMIX Vesting Plan
WEMIX is pursuing a transparent & deflationary tokenomics. Thus, we will publicly disclose the current status of WEMIX foundation and the vesting plans for the future to secure trust regarding the growth potential of WEMIX.
2. WEMIX Foundation
Until now, companies associated with or related to WEMIX were collectively referred to as the ‘foundation’, and we aim to clarify the subject of the business to prevent further confusion for our community and investors.
- WEMIX Foundation: WEMIX PTE. LTD, its operating office based in Korea, the subsidiary WEMIX KOREA CO., LTD, WEMIX BAHAMAS, LLC and WEMIX US, LLC will be collectively referred to as WEMIX Foundation. Wholly-owned subsidiaries and offices are being established globally in order to effectively carry out foundation activities, and these entities are also included in the foundation. WEMIX Foundation leads WEMIX3.0, WEMIX-based marketing, investments and partnerships; all businesses related to WEMIX are led by WEMIX Foundation, and all shares of WEMIX funded companies(i.e. WEMADE PLAY) are invested by WEMIX Foundation. In addition, the ROI(return on investment) from asset sales owned by the Foundation will be re-invested by the same entity, and 25% of the ROI will be used towards buyback and burn campaigns in pursuit of deflationary tokenomics.
Based on the block height 5,199,579 generated on December 19th, 2022 16:09:44 (KST), the volume of non-circulating supply of WEMIX is 721,471,016 and the proportion between WEMIX owned by WEMIX Foundation and WEMADE is as follows:
- WEMADE 6.7% / WEMIX Foundation 93.3%
3. WEMIX Vesting Plan
The circulating supply of WEMIX is calculated based on the global standards established on various cases:
- Total supply = Cumulative supply - Burned amount
- Circulating supply = Total Supply - Non-circulating supply
- Non-circulating supply = Lock-up supply + NCP Staking
- Lock-up supply = Foundation lock-up supply + Lock-up volume excluding Foundation
- Lock-up supply excluding Foundation = WEMADE Lock-up volume + Third-party lock-up volume
Accordingly, the cumulative supply of WEMIX is 1,057,927,417, burned amount of 91,303,958, total supply of 966,623,459, non-circulating supply of 721,471,016 and circulating supply of 245,152,443.
WEMIX intends to comply with the new vesting plan for the total of 720,000,000 WEMIX after transferring 1,471,016 WEMIX to the wallet designated for circulation for use towards current on-going activities led by the Foundation.
We have categorized all WEMIX as circulating supply except for the holdings in labeled foundation-owned wallets, WEMADE-owned wallets, NCP staking volume, and non-disposable third-party wallets.
WEMIX Foundation Vesting Plan(581,507,711 WEMIX)
The holdings of WEMIX PTE. LTD, its operating office based in Korea, WEMIX Korea, and other entities which are collectively referred to as the Foundation, will be subject to a relock-up. From January 2023, a pre-disclosed volume of WEMIX will be circulated through monthly linear vesting over a five year(60 months) period. Each month, 9,691,795 WEMIX will be transferred to the wallet designated for circulation, and the foundation may only use WEMIX transferred into this wallet for business purposes, investment attraction, and investment activities. Any volume that exceeds the circulation plan will not be transferred under any circumstance. This includes non-circulating third-party wallets and the lock-up period for such volume is reflected into the circulation plan.
21 Dec 2022, 04:11
Team Compensation WEMIX Vesting Plan(90,000,000 WEMIX)
Compensation will be rewarded to teams and individuals who have contributed towards the success of the WEMIX project. The lock-up period of 90,000,000 WEMIX will expire in October 2023, and the total amount will be transferred to a designated wallet. The total volume is not fully distributed as compensation after the lock-up period, but rather committed to recipients for collection after 3 consecutive years of employment. WEMIX bestowed as Team Compensation will be deposited into a smart contract and will be divided into 60 transfer cycles to be allocated into the recipient’s wallet once at the beginning of each month over a span of 5 years. Thus, Team Compensation will be available for circulation through its distribution over 60 months.
WEMADE Re-lockup Plan(48,492,289 WEMIX)
WEMIX owned by WEMADE will be locked up for three years starting from January 2023 and will not be circulated. In January 2026, this amount will be transferred to a separate wallet designated for circulation.
PMR(Permanent Minting Reward) of WEMIX3.0
Beginning on the aforementioned time & date, the permanent block rewards distributed to NCPs, Stakers, Ecosystem, and Maintenance will be regarded as circulating supply to avoid any ambiguity and potential confusion.
4. Further Circulation Stages of WEMIX
WEMIX Supply, or additional circulation will take place in two stages.
First is the circulatable state. Through an irreversible and public vesting plan, the planned volume of WEMIX will be transferred each month from the non-circulation wallet to the circulation wallet to allow the amount to be circulatable.
Second is the circulating state. This will generally be pre-disclosed via community channels, but in situational cases where prevention of trade secret leak or front-running exploits are required, details regarding the use of WEMIX will be disclosed afterwards.
5. Circulation Monitoring System
WEMIX will secure transparency and reliability through the following circulation monitoring systems:
- Once integration of the custody service is complete, all of the non-circulating supply will be transferred to the custody wallet;
- the community/investors can monitor both the planned and the actual circulating supply in real-time. WEMIX is the first Livewatch project by Xangle, a data intelligence platform serviced by CrossAngle, one of the NCPs for WEMIX3.0,
- and the total issued amount and the circulating supply is provided in real-time on CoinMarketCap and CoinGecko.
6. Conclusion
Constant investments are indispensable for the growth of the WEMIX mega-ecosystem. However, these investments should not disrupt or shock the market. Although the total volume of WEMIX owned by the Foundation and WEMADE are clearly unlocked and capable of being circulated based on original plans specified through the whitepaper, WEMIX Foundation has implemented a new vesting plan that applies a limit to the circulation supply through the relock-up initiative. In doing so, we intend to contribute directly to the growth of the WEMIX ecosystem and to transparently communicate our vision and plan effectively with our community and investors.
Hand in hand with the pursuit of deflationary tokenomics through WEMIX burn campaigns and policies that lead to a reduced number of issued WEMIX, the value of WEMIX will ultimately increase and trigger an organic growth effect within the economy of the mega-ecosystem.
Thank you,
The WEMIX team.
Team Compensation WEMIX Vesting Plan(90,000,000 WEMIX).
Team Compensation WEMIX Vesting Plan(90,000,000 WEMIX)
Compensation will be rewarded to teams and individuals who have contributed towards the success of the WEMIX project. The lock-up period of 90,000,000 WEMIX will expire in October 2023, and the total amount will be transferred to a designated wallet. The total volume is not fully distributed as compensation after the lock-up period, but rather committed to recipients for collection after 3 consecutive years of employment. WEMIX bestowed as Team Compensation will be deposited into a smart contract and will be divided into 60 transfer cycles to be allocated into the recipient’s wallet once at the beginning of each month over a span of 5 years. Thus, Team Compensation will be available for circulation through its distribution over 60 months.
WEMADE Re-lockup Plan(48,492,289 WEMIX)
WEMIX owned by WEMADE will be locked up for three years starting from January 2023 and will not be circulated. In January 2026, this amount will be transferred to a separate wallet designated for circulation.
PMR(Permanent Minting Reward) of WEMIX3.0
Beginning on the aforementioned time & date, the permanent block rewards distributed to NCPs, Stakers, Ecosystem, and Maintenance will be regarded as circulating supply to avoid any ambiguity and potential confusion.
4. Further Circulation Stages of WEMIX
WEMIX Supply, or additional circulation will take place in two stages.
First is the circulatable state. Through an irreversible and public vesting plan, the planned volume of WEMIX will be transferred each month from the non-circulation wallet to the circulation wallet to allow the amount to be circulatable.
Second is the circulating state. This will generally be pre-disclosed via community channels, but in situational cases where prevention of trade secret leak or front-running exploits are required, details regarding the use of WEMIX will be disclosed afterwards.
5. Circulation Monitoring System
WEMIX will secure transparency and reliability through the following circulation monitoring systems:
- Once integration of the custody service is complete, all of the non-circulating supply will be transferred to the custody wallet;
- the community/investors can monitor both the planned and the actual circulating supply in real-time. WEMIX is the first Livewatch project by Xangle, a data intelligence platform serviced by CrossAngle, one of the NCPs for WEMIX3.0,
- and the total issued amount and the circulating supply is provided in real-time on CoinMarketCap and CoinGecko.
6. Conclusion
Constant investments are indispensable for the growth of the WEMIX mega-ecosystem. However, these investments should not disrupt or shock the market. Although the total volume of WEMIX owned by the Foundation and WEMADE are clearly unlocked and capable of being circulated based on original plans specified through the whitepaper, WEMIX Foundation has implemented a new vesting plan that applies a limit to the circulation supply through the relock-up initiative. In doing so, we intend to contribute directly to the growth of the WEMIX ecosystem and to transparently communicate our vision and plan effectively with our community and investors.
Hand in hand with the pursuit of deflationary tokenomics through WEMIX burn campaigns and policies that lead to a reduced number of issued WEMIX, the value of WEMIX will ultimately increase and trigger an organic growth effect within the economy of the mega-ecosystem.
Thank you,
The WEMIX team.
21 Dec 2022, 04:11
WEMIX VESTING PLAN 2023
WEMIX Official Medium Communication :
1. Establishing a new WEMIX Vesting Plan
WEMIX is pursuing a transparent & deflationary tokenomics. Thus, we will publicly disclose the current status of WEMIX foundation and the vesting plans for the future to secure trust regarding the growth potential of WEMIX.
2. WEMIX Foundation
Until now, companies associated with or related to WEMIX were collectively referred to as the ‘foundation’, and we aim to clarify the subject of the business to prevent further confusion for our community and investors.
- WEMIX Foundation: WEMIX PTE. LTD, its operating office based in Korea, the subsidiary WEMIX KOREA CO., LTD, WEMIX BAHAMAS, LLC and WEMIX US, LLC will be collectively referred to as WEMIX Foundation. Wholly-owned subsidiaries and offices are being established globally in order to effectively carry out foundation activities, and these entities are also included in the foundation. WEMIX Foundation leads WEMIX3.0, WEMIX-based marketing, investments and partnerships; all businesses related to WEMIX are led by WEMIX Foundation, and all shares of WEMIX funded companies(i.e. WEMADE PLAY) are invested by WEMIX Foundation. In addition, the ROI(return on investment) from asset sales owned by the Foundation will be re-invested by the same entity, and 25% of the ROI will be used towards buyback and burn campaigns in pursuit of deflationary tokenomics.
Based on the block height 5,199,579 generated on December 19th, 2022 16:09:44 (KST), the volume of non-circulating supply of WEMIX is 721,471,016 and the proportion between WEMIX owned by WEMIX Foundation and WEMADE is as follows:
- WEMADE 6.7% / WEMIX Foundation 93.3%
3. WEMIX Vesting Plan
The circulating supply of WEMIX is calculated based on the global standards established on various cases:
- Total supply = Cumulative supply - Burned amount
- Circulating supply = Total Supply - Non-circulating supply
- Non-circulating supply = Lock-up supply + NCP Staking
- Lock-up supply = Foundation lock-up supply + Lock-up volume excluding Foundation
- Lock-up supply excluding Foundation = WEMADE Lock-up volume + Third-party lock-up volume
Accordingly, the cumulative supply of WEMIX is 1,057,927,417, burned amount of 91,303,958, total supply of 966,623,459, non-circulating supply of 721,471,016 and circulating supply of 245,152,443.
WEMIX intends to comply with the new vesting plan for the total of 720,000,000 WEMIX after transferring 1,471,016 WEMIX to the wallet designated for circulation for use towards current on-going activities led by the Foundation.
We have categorized all WEMIX as circulating supply except for the holdings in labeled foundation-owned wallets, WEMADE-owned wallets, NCP staking volume, and non-disposable third-party wallets.
WEMIX Foundation Vesting Plan(581,507,711 WEMIX)
The holdings of WEMIX PTE. LTD, its operating office based in Korea, WEMIX Korea, and other entities which are collectively referred to as the Foundation, will be subject to a relock-up. From January 2023, a pre-disclosed volume of WEMIX will be circulated through monthly linear vesting over a five year(60 months) period. Each month, 9,691,795 WEMIX will be transferred to the wallet designated for circulation, and the foundation may only use WEMIX transferred into this wallet for business purposes, investment attraction, and investment activities. Any volume that exceeds the circulation plan will not be transferred under any circumstance. This includes non-circulating third-party wallets and the lock-up period for such volume is reflected into the circulation plan.
WEMIX VESTING PLAN 2023. WEMIX Official Medium Communication :. Establishing a new WEMIX Vesting Plan.
WEMIX VESTING PLAN 2023
WEMIX Official Medium Communication :
https://medium.com/wemix-communication/wemix-vesting-plan-2023-b49caa0396f4
1. Establishing a new WEMIX Vesting Plan
WEMIX is pursuing a transparent & deflationary tokenomics. Thus, we will publicly disclose the current status of WEMIX foundation and the vesting plans for the future to secure trust regarding the growth potential of WEMIX.
2. WEMIX Foundation
Until now, companies associated with or related to WEMIX were collectively referred to as the ‘foundation’, and we aim to clarify the subject of the business to prevent further confusion for our community and investors.
- WEMIX Foundation: WEMIX PTE. LTD, its operating office based in Korea, the subsidiary WEMIX KOREA CO., LTD, WEMIX BAHAMAS, LLC and WEMIX US, LLC will be collectively referred to as WEMIX Foundation. Wholly-owned subsidiaries and offices are being established globally in order to effectively carry out foundation activities, and these entities are also included in the foundation. WEMIX Foundation leads WEMIX3.0, WEMIX-based marketing, investments and partnerships; all businesses related to WEMIX are led by WEMIX Foundation, and all shares of WEMIX funded companies(i.e. WEMADE PLAY) are invested by WEMIX Foundation. In addition, the ROI(return on investment) from asset sales owned by the Foundation will be re-invested by the same entity, and 25% of the ROI will be used towards buyback and burn campaigns in pursuit of deflationary tokenomics.
Based on the block height 5,199,579 generated on December 19th, 2022 16:09:44 (KST), the volume of non-circulating supply of WEMIX is 721,471,016 and the proportion between WEMIX owned by WEMIX Foundation and WEMADE is as follows:
- WEMADE 6.7% / WEMIX Foundation 93.3%
3. WEMIX Vesting Plan
The circulating supply of WEMIX is calculated based on the global standards established on various cases:
- Total supply = Cumulative supply - Burned amount
- Circulating supply = Total Supply - Non-circulating supply
- Non-circulating supply = Lock-up supply + NCP Staking
- Lock-up supply = Foundation lock-up supply + Lock-up volume excluding Foundation
- Lock-up supply excluding Foundation = WEMADE Lock-up volume + Third-party lock-up volume
Accordingly, the cumulative supply of WEMIX is 1,057,927,417, burned amount of 91,303,958, total supply of 966,623,459, non-circulating supply of 721,471,016 and circulating supply of 245,152,443.
WEMIX intends to comply with the new vesting plan for the total of 720,000,000 WEMIX after transferring 1,471,016 WEMIX to the wallet designated for circulation for use towards current on-going activities led by the Foundation.
We have categorized all WEMIX as circulating supply except for the holdings in labeled foundation-owned wallets, WEMADE-owned wallets, NCP staking volume, and non-disposable third-party wallets.
WEMIX Foundation Vesting Plan(581,507,711 WEMIX)
The holdings of WEMIX PTE. LTD, its operating office based in Korea, WEMIX Korea, and other entities which are collectively referred to as the Foundation, will be subject to a relock-up. From January 2023, a pre-disclosed volume of WEMIX will be circulated through monthly linear vesting over a five year(60 months) period. Each month, 9,691,795 WEMIX will be transferred to the wallet designated for circulation, and the foundation may only use WEMIX transferred into this wallet for business purposes, investment attraction, and investment activities. Any volume that exceeds the circulation plan will not be transferred under any circumstance. This includes non-circulating third-party wallets and the lock-up period for such volume is reflected into the circulation plan.