GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout
Press ReleaseUncategorized

Wemade launches first-of-its-kind ‘PoET’ block reward program

  • The world’s first program that provides block rewards to both dApp developers and users
  • The amount allocated to the eco-fund in the PMR is returned to the participants to promote a leap into a mega ecosystem
  • After developing the DApp, you can participate in the program by receiving the VET (Verified Ecological Transaction) certification mark.

 

Seoul, South Korea, 5 September 2023 – Leading South Korea-based blockchain developer Wemade has launched the world’s first block minting rewards program that equally rewards builders and users.

‘PoET, which stands for “Proof of Ecological Transaction”, is a program designed to foster a more dynamic WEMIX ecosystem, by providing the Eco Fund portion of the PMR (Permanent Minting Reward) generated on the WEMIX3.0 blockchain network to transaction participants who contribute to the robust growth and expansion of the ecosystem.

PoET grants certification marks known as VET (Verified Ecological Transaction) upon transactions that contribute to ecosystem growth by interacting with Verified Contracts. Additionally, it grants a maximum of 0.25 WEMIX per block to users and contracts that have actively originated with these transactions.

 

Sustainable and sound ecosystem development

PoET recognizes high quality transactions that contribute to the growth of the WEMIX3.0 ecosystem and network, and was designed to treat users and builders equally when giving out the distribution amount. This method of distribution fits the objective of Eco Fund, which aims to provide the distribution amount in an effective manner to users and builders that contribute to the growth of the network, and prevent attempts to increase block shares with the use of meaningless bots and abuse.

PoET encourages users and builders to be involved in creating a flywheel of value growth. Through this, PoET thrives to achieve sustainable development while maintaining a sound mainnet ecosystem. With the introduction of PoET, the mainnet will serve to contribute to the construction of a more stable and sustainable blockchain ecosystem.

More information can be found on the official PoET site. (http://wemixecofund.com/poet)

 

About WEMADE

A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit www.wemix.com/communication for more information.

Disclaimer: This is a paid press release! Chain.Buzz does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Chain.Buzz is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Latest Press

post-thumbnail
Press Release
3 days ago
Memelon Tusk Announces Trading LATOKEN Competition with 5000 USDT Worth of Rewards
Memelon Tusk will soon open a trading competition in LATOKEN, offering 5,000 USDT worth of rewards. ...
READ MORE
post-thumbnail
Press Release
4 days ago
Revolutionary DePIN Rideshare Platform CRUIZ Rewards Early Adopters with Crypto Incentives
The team behind CRUIZ has announced the launch of its avant-garde rideshare service. This AI-driven ...
READ MORE
post-thumbnail
Press Release
6 days ago
PHILosoRaptor Announces the Arrival of PHIL the New Meme Token on Solana
The PHILosoRaptor team is proud to announce the arrival of PHIL the New Meme Token on Solana. The la...
READ MORE
post-thumbnail
Press Release
6 days ago
The Crypto Professor: Decrypting Crypto through Education and In-depth Analysis
Ryan Miller, AKA ‘The Crypto Professor’ has been making significant strides in educating the pub...
READ MORE
post-thumbnail
Press Release
7 days ago
Pepelosi Launches Utility Memecoin for its Growing Community of Blockchain Transparency Supporters
Santiago, Chile, April 5, 2024, Worldwide – Pepelosi announced its official launch and plans ...
READ MORE
post-thumbnail
Press Release
1 week ago
Tanuki Announces “Cheeky” Memecoin Launchpad on Solana and Live Token Presale
Tanuki launched recently on Solana, aiming to “redefine the meme game and bring unprecedented joy ...
READ MORE
post-thumbnail
Press Release
1 week ago
Marine Moguls by MetFi $5.9 Million ERC-404 Airdrop Making Early Waves
In an overwhelming show of interest and participation, the Marine Moguls by MetFi $5.9 million ERC-4...
READ MORE
post-thumbnail
Press Release
1 week ago
MoneyBagTrading Launches MoneyBagToken – A Gateway to Exclusive Trading Analytics
The MoneyBagTrading team has announced the launch of its highly anticipated MoneyBagToken. This new ...
READ MORE
post-thumbnail
Press Release
1 week ago
NOWPayments Reveals The Dynamics in Stablecoin Use in Its Crypto Payment Gateway
NOWPayments, a leading gateway for cryptocurrency payments, is proud to announce recent trends in st...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started