The Wemix Korean Women Skilled Golf Affiliation (KLPGA) Championship winner can be awarded in Wemix’s cryptocurrency. The match 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 Closing A and Closing B swimming pools that can vie for the cryptocurrency prize by way of a stroke play contest.
Korean Golf Match Gives WEMIX, a Token Buying and selling 97% Beneath 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 value is presently down 97% from its all-time excessive. The best-ranked participant, Lee Ye-won, just lately obtained 90,000 WEMIX.
The match sponsor, Wemix, develops instruments that can be utilized on the decentralized internet. WEMIX Play’s mega blockchain gaming platform is chargeable for over 90 cellular titles. Its NILE platform is a decentralized autonomous group that develops new civilizations based mostly 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 prime saltwater angler $1 million in crypto.
Regulators Nonetheless Grappling With DeFi and NFTs
Up to now, few international locations have tabled guidelines governing how projects ought to deal with the issuance of Web3 tokens. Europe’s upcoming Markets in Crypto Belongings (MiCA) invoice requires that new token issuers produce a white paper earlier than exchanges can contemplate itemizing their asset.
Be taught the fundamentals of GameFi, a distinct segment of decentralized finance, here.
South Korea’s Virtual Asset User Protection Bill consists of measures to guard traders from market manipulation. It considers most digital property apart from Bitcoin to be securities that ought to adjust to present legal guidelines.
The Monetary Companies Committee will oversee the business whereas it expands rules to incorporate extra novel crypto ideas. Future revisions of MiCA may additionally regulate decentralized finance and NFTs.
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