WEMIX, a blockchain platform focused on gaming, has shown a remarkable 37% rally in the midst of a stagnant crypto market this week. This surge comes ahead of an upcoming hard fork and token burn.

With a user base of over 580,000 individuals, WEMIX Play is a blockchain game platform that is gaining traction. The project’s native token is currently trading at $1.37, a significant increase from $1.01 just seven days ago.

The surge in WEMIX’s value can be attributed to the anticipation surrounding the “Brioche Hard Fork,” scheduled for July 1st. This hard fork will bring about changes to the project’s tokenomics, with a revised minting rule aimed at reducing the issuance of WEMIX per block through 16 updates. This adjustment is designed to enhance the value and growth of WEMIX, marking the beginning of a collaborative growth journey with the community.

Additionally, WEMIX will introduce an enhanced WEMIX PLAY, where ecosystem performance will have a direct impact on tokenomics. The goal is to ensure that the revenue growth driven by expanding games directly influences the WEMIX ecosystem.

The WEMIX foundation also plans to burn approximately 435 million WEMIX tokens held in reserve, aiming to decrease the available supply and transition WEMIX from a foundation-driven ecosystem to a community-driven one. This shift is intended to promote a community-friendly tokenomics model that supports mutual growth.

Despite the positive developments this week, WEMIX is still more than 94% down from its all-time high of $24.71 in November 2021, according to CoinGecko.

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