Wemade announced on the 22nd that it has issued a 100% reserve stable coin called ‘WEMIX$’.

WeMix Dollar is the trading currency of WeMade’s blockchain mainnet “WeMix 3.0” ecosystem. It is used for all transactions, including various game tokens, NFTs, and D-Fi.

It will issue 11 million WeMix dollars for the first time to understand the stable size of the ecosystem and supply WeMix dollars to actual demand.

It is then operated by the Dios protocol devised by Wemade. Dios is a protocol that stabilizes prices while adjusting the issuance of WeMix dollars according to real demand.

The WeMix dollar has secured stability. In order to maintain stability, USDC is guaranteed 100% as we issue WeMix dollars.

USDC is a stable coin with U.S. legal currency dollars as reserves. The No. 1 mix is 1 USDC and 1 US dollar.

The amount of USDC secured with the issued WeMix dollar can be checked in real time on WeMix 3.0 Mainnet Online.

WeMix Dollar has a recursive relationship that grows together qualitatively and quantitatively with the native coin WeMix.

Wemade allocates a certain share of the stock price profits generated by the Dios protocol to the WeMix holder community through Dios Staking.

As a result, the value of WeMix increases when weMix dollar-based transactions increase. If the WeMix 3.0 ecosystem expands due to the increase in the value of WeMix, the demand for WeMix dollars increases again.

The company explained that WeMix Dollar boasts autonomous scalability that increases or incinerates its issuance by itself according to the expansion and reduction of the ecosystem since its first issuance.

Dios’ two protocols issue or incinerate additional WeMix dollars, preserving the value of WeMix dollars and creating a sustainable ecosystem.