WeMade CEO Jang Hyun-guk revealed his ambition to list its cryptocurrency ‘Wemix’ on 50 global cryptocurrency exchanges.
Wemade CEO Jang Hyeon-guk held a press conference at BEXCO, Haeundae-gu, Busan, where the international game exhibition ‘G-Star’ was held on the 18th and revealed this plan.
WeMade issued the cryptocurrency ‘Wemix’ through its Singapore corporation (WeMade Tree) in June of last year. Wemix, which serves as the key currency for WeMade blockchain games, combines blockchain technology with the game providing platform to guarantee the value of game assets and improve the developer environment. The total issuance was fixed at 1 billion.
Wemix has been on the rise recently due to the strengthening of WeMade’s blockchain business and the success of ‘Mir 4 Global’. Wemix, which was listed on the domestic cryptocurrency exchange Bithumb on October 28 last year, increased by 2747% compared to the closing price of 682 won at the time. As of 12:15 pm on the same day, Wemix is trading at 19,420 won, up 4.58% from the previous day.
When asked about the impact of Wemix on WeMade’s performance, CEO Jang said, “Of the 1 billion issuance, 84% of the total issuance is held through subsidiaries.” It is actually an asset with cash equivalents, and I think the performance model will gradually move in that direction.”
At the meeting that day, questions about the relationship between Wemade and Bithumb were also raised. In July, Wemade invested a total of 80 billion won in Bident, the largest shareholder of Bithumb, and became the company’s second largest shareholder.
Regarding whether to pursue a joint project with Bithumb, CEO Jang said, “We are not considering doing a joint project with Bithumb in the short term.” He continued, “Korea is tightening regulations (for the cryptocurrency business) and it is not yet confirmed, so it is not a suitable environment for doing something.” did.
Regarding the possibility of listing Wemix on major domestic and foreign exchanges such as Upbit and Binance, he said, “We have a goal to list all of Wemix on the top 50 global exchanges,” he said. However, it declined to comment on whether it would be listed on a specific exchange.
