Wemix to Award Winner of Korean Golf Competition With Crypto

The Wemix Korean Ladies Specialist Golf Association (KLPGA) Champion winner will be granted in Wemix’s cryptocurrency. The competition will have 2 competitors where gamers contend for specific holes (match play) or take on others over a complete round (stroke play).

The leading 12 golf players in the Wemix rankings will deal with the bottom 12 in the match-play format. The 12 winners and losers will separate into Last A and Last B swimming pools that will contend for the cryptocurrency reward through a stroke play contest.

Korean Golf Competition Provides WEMIX, a Token Trading 97% Listed Below Its All-Time High

Wemix validates that a person countless their WEMIX tokens are up for grabs however didn’t define just how much the winner would get. The champion will begin on Nov. 18.

At the end of each season, the leading 60 golf players in the Wemix rankings shared 50,000 of the token, whose cost is presently down 97% from its all-time high. The highest-ranked gamer, Lee Ye-won, just recently got 90,000 WEMIX.

The competition sponsor, Wemix, establishes tools that can be utilized on the decentralized web. WEMIX Play’s mega blockchain video gaming platform is accountable for over 90 mobile titles. Its NILE platform is a decentralized self-governing company that establishes brand-new civilizations based upon blockchain, while WEMIX.Fi is a decentralized platform offering exchange, deposit, possession management, and financial investment services.

In 2015, the Sport Fishing Champion granted its leading saltwater angler $1 million in crypto.

Check Out here about how to discover brand-new blockchain video gaming dApps.

Regulators Still Coming To Grips With DeFi and NFTs

Up until now, couple of nations have actually tabled guidelines governing how jobs must deal with the issuance of Web3 tokens. Europe’s upcoming Markets in Crypto Assets (MiCA) costs needs that brand-new token companies produce a white paper prior to exchanges can think about noting their possession.

Discover the essentials of GameFi, a specific niche of decentralized financing, here.

South Korea’s Virtual Possession User Security Costs consists of procedures to safeguard financiers from market control. It thinks about most virtual properties besides Bitcoin to be securities that must abide by existing laws.

The Financial Solutions Committee will supervise the market while it broadens guidelines to consist of more unique crypto concepts. Future modifications of MiCA might likewise control decentralized financing and NFTs.

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