WEMIX (WEMIX) Soars 24% Ahead of Community Airdrop

WEMIX, the native cryptocurrency of the Wemade ecosystem, jumped 24% to hit $0.44 on Thursday. The rally follows the launch of a new community airdrop voting campaign aimed at boosting engagement among token holders.

The campaign, which kicked off on May 26 and ends on June 6 at 23:59 KST, celebrates the rollout of the upgraded WEMIX Community and a new feature that lets users vote on proposals. To join, participants must visit the project’s official website, connect a wallet holding at least 1,000 WEMIX, and cast a vote in the ongoing proposal.

Wemade Offers WEMIX Rewards for Voting

A total of 5,000 WEMIX is available as a reward. The first 4,000 users to vote will each receive 1 unit of the cryptocurrency. Additionally, ten randomly selected participants will receive 100 WEMIX each. Eligible users can receive both participation and lucky draw rewards.

To qualify for these rewards, participants must still hold at least 1,000 WEMIX in their connected wallet after the event ends. Voters who meet this requirement will begin receiving tokens starting June 17. The winners of the random draw will be announced earlier, on June 10.

Wemade emphasized that any misuse or manipulation during the event will lead to disqualification. Moreover, rewards will be distributed only if the majority votes favor the proposal, adding another layer of community-driven validation.

The new voting system and reward model reflect Wemade’s broader effort to encourage a more engaged and inclusive community. The recent price surge in the Wemade-owned asset may indicate growing demand as users rush to meet the minimum holding requirement before the event closes.

South Korean Exchanges Delist WEMIX

WEMIX is the native cryptocurrency of Wemade’s ecosystem, fueling the WEMIX3.0 blockchain. It supports transactions, staking, decentralized finance (DeFi), and other platform activities to build a stable, sustainable ecosystem.

While the token is integral to the ecosystem, its recent rise has been overshadowed by ongoing challenges. Recently, five of South Korea’s major exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, collectively decided to delist WEMIX. The move, announced by the Digital Asset Exchange Association (DAXA), took effect on June 2, with users given until early July to withdraw their tokens.

The decision was driven by unresolved security concerns, especially following a $6.12 million exploit in February. The Wemix Foundation delayed public disclosure of the incident, citing a desire to prevent panic. However, DAXA criticized the response as inadequate, concluding that WEMIX no longer met its listing standards.

In response to the delisting, Wemade pledged to continue building the project. In a public note, the team apologized for the misstep and reaffirmed its commitment to rebuilding trust.

WEMIX Trading Volume Surges

Although WEMIX tokens were delisted from South Korea’s major exchanges, they remain available on other centralized crypto platforms. The most popular exchange to buy and trade WEMIX is Gate, where the WEMIX/USDT pair recorded a 24-hour trading volume of $4,562,290. Other active platforms include OrangeX and KuCoin.

This broader availability contributed to a total WEMIX trading volume of $8,608,980 over the past 24 hours, representing a 66.90% rise compared to the previous day. The surge indicates growing market activity across multiple crypto exchanges.

The post WEMIX (WEMIX) Soars 24% Ahead of Community Airdrop appeared first on Cointab.