Wemix to Award Winner of Korean Golf Event With Crypto

 Wemix to Award Winner of Korean Golf Event With Crypto

The Wemix Korean Girls Skilled Golf Affiliation (KLPGA) Championship winner will likely be awarded in Wemix’s cryptocurrency. The event may have two competitions the place gamers compete for particular person holes (match play) or compete with others over a full spherical (stroke play).

The highest 12 golfers within the Wemix rankings will face the underside 12 within the match-play format. The 12 winners and losers will separate into Remaining A and Remaining B swimming pools that can vie for the cryptocurrency prize via a stroke play contest.

Korean Golf Event Provides WEMIX, a Token Buying and selling 97% Under Its All-Time Excessive

Wemix confirms that a million of their WEMIX tokens are up for grabs however didn’t specify how a lot the winner would obtain. The championship will start on Nov. 18.

On the finish of every season, the highest 60 golfers within the Wemix rankings shared 50,000 of the token, whose worth is at present down 97% from its all-time excessive. The very best-ranked participant, Lee Ye-won, lately acquired 90,000 WEMIX.

WEMIX/USD is buying and selling at $0.56 | Supply: BeInCrypto

The event sponsor, Wemix, develops instruments that can be utilized on the decentralized web. WEMIX Play’s mega blockchain gaming platform is answerable for over 90 cellular titles. Its NILE platform is a decentralized autonomous group that develops new civilizations primarily based on blockchain, whereas WEMIX.Fi is a decentralized platform providing trade, deposit, asset administration, and funding providers.

Final yr, the Sport Fishing Championship awarded its high saltwater angler $1 million in crypto.

Learn right here about how you can discover new blockchain gaming dApps.

Regulators Nonetheless Grappling With DeFi and NFTs

To this point, few nations have tabled guidelines governing how tasks ought to deal with the issuance of Web3 tokens. Europe’s upcoming Markets in Crypto Property (MiCA) invoice requires that new token issuers produce a white paper earlier than exchanges can think about itemizing their asset.

Be taught the fundamentals of GameFi, a distinct segment of decentralized finance, right here.

South Korea’s Digital Asset Person Safety Invoice consists of measures to guard buyers from market manipulation. It considers most digital property apart from Bitcoin to be securities that ought to adjust to current legal guidelines.

The Monetary Providers Committee will oversee the business whereas it expands laws to incorporate extra novel crypto concepts. Future revisions of MiCA may additionally regulate decentralized finance and NFTs.

Received one thing to say in regards to the Korean event sponsored by Wemix or the rest? Please write to us or be part of the dialogue on our Telegram channel. You can too catch us on TikTokFacebook, or X (Twitter).


In adherence to the Belief Undertaking pointers, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to supply correct, well timed info. Nonetheless, readers are suggested to confirm information independently and seek the advice of with knowledgeable earlier than making any selections primarily based on this content material.

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