TechFlow news: The WEMIX Foundation has announced the termination of its WEMIX token burn program, redirecting resources toward ecosystem expansion. The WEMIX team stated that halting the burn program aims to balance supply, circulation, and sustainable ecosystem growth. Meanwhile, the team will continue advancing its deflationary token economy through the WEMIX Pay buyback program, committing to use at least 4–5% of WEMIX Pay revenues for token repurchases.
Previously, the foundation implemented token burns through various methods, including six major burns, batch burns, and automatic burns. During the Brioche hard fork on July 1 this year, the foundation burned 435 million WEMIX tokens (40% of total issuance) and introduced a block minting halving mechanism.
