About WEMIX$

Stability and transparency of WEMIX$

For the initial issuance of WEMIX$, USDC is deposited in the Treasury and the same amount of WEMIX$ is issued. The protocol responsible for the issuance of WEMIX$ is called AMA (Authorized Mint Access) and is only given permission to the WEMIX foundation at the initial launch. AMA will gradually add more Partners depending on the growth and stabilization of the ecosystem.

MINT : The smart contract for issuing and burning WEMIX$.

Treasury: The address that securely stores the reserve of USDC as collateral.

AMA (Authorized Mint Access): An automated protocol where WEMIX$ is minted by collateralizing USDC.