WEMIX Buyback & Burn to Deflationary Tokenomics Due to the recent termination of transaction support for WEMIX by four crypto exchanges in Korea, the overall growth rate of the ecosystem has been impaired temporarily causing dismay to everyone involved. However, WEMIX has achieved an unprecedented success in the global blockchain industry through genuine use cases and utility value, and will overcome this temporary setback to once again prove its true value. The Foundation has decided that an implementation of an immediate and practical Buyback and Burn campaign will protect our community and investors from recent developments through following measures. - Scope: WEMIX Buyback & Burn - Volume: 10,000,000 USD - Coin/Token: WEMIX(mainnet) & WEMIX Classic(klaytn) - Method: Time Weighted Average Price Order - Schedule: December 9th, 2022 ~ March 8th, 2023 (90 days). *Schedule may be adjusted to benefit our community and investors through price stability - Coverage: WEMIX.Fi & Global crypto exchanges where WEMIX is listed - Institution: Algorith Capital(WONDER 39) - Budget: Attraction of investment, disposition of assets, and provision of secure capital including loans from affiliated companies by the Foundation - Disclosure: Total WEMIX acquired through Buyback will be burned by being transferred to the dead wallet, and the result will be disclosed Furthermore, the Foundation will adopt and implement the WEMIX deflationary policy, where reduction of the total supply will also impact the value of WEMIX while incentivizing our community and investors as the ecosystem grows. As such, - In addition to the ongoing Gas Fee Burn Policy, - 25% of all WEMIX3.0 platform and investment revenues accrued by the Foundation will be burned on a quarterly basis - WEMIX will immediately be burned while alternative assets will be used to purchase WEMIX and be burned. Token & coin burn will be carried out and its results will be disclosed following official quarterly compliance reports announcements Such measures will support the direction in which WEMIX aims to pursue in the future, implementing reduction of the total supply of WEMIX through the ‘Deflationary Tokenomics’ centered around its core utility and value as gas fees. WEMIX will make up for the lost time in the wake of recent events, because we move forward by adapting to change. We thank you for the support and trust shown to us by our community and investors. The WEMIX team