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The Wemix Korean Ladies Professional Golf Association (KLPGA) Championship winner will probably be awarded in Wemix’s cryptocurrency. The event could have two competitions the place gamers compete for particular person holes (match play) or compete with others over a full spherical (stroke play).
The prime 12 golfers within the Wemix rankings will face the underside 12 within the match-play format. The 12 winners and losers will separate into Final A and Final B swimming pools that may vie for the cryptocurrency prize by a stroke play contest.
Korean Golf Tournament Offers WEMIX, a Token Trading 97% Below Its All-Time High
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.
At the tip of every season, the highest 60 golfers within the Wemix rankings shared 50,000 of the token, whose worth is at present down 97% from its all-time excessive. The highest-ranked participant, Lee Ye-won, lately acquired 90,000 WEMIX.
The event 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 primarily based on blockchain, whereas WEMIX.Fi is a decentralized platform providing alternate, deposit, asset administration, and funding companies.
Last 12 months, the Sport Fishing Championship awarded its prime saltwater angler $1 million in crypto.
Read here about how to discover new blockchain gaming dApps.
Regulators Still Grappling With DeFi and NFTs
So far, few nations have tabled guidelines governing how projects ought to deal with the issuance of Web3 tokens. Europe’s upcoming Markets in Crypto Assets (MiCA) invoice requires that new token issuers produce a white paper earlier than exchanges can think about itemizing their asset.
Learn the fundamentals of RecreationFi, a distinct segment of decentralized finance, here.
South Korea’s Virtual Asset User Protection Bill consists of measures to shield traders from market manipulation. It considers most digital property aside from Bitcoin to be securities that ought to adjust to present legal guidelines.
The Financial Services Committee will oversee the business whereas it expands laws to embody extra novel crypto ideas. Future revisions of MiCA may additionally regulate decentralized finance and NFTs.
Got one thing to say in regards to the Korean event sponsored by Wemix or the rest? Please write to us or be a part of the dialogue on our Telegram channel. You may catch us on TikTok, Facebook, or X (Twitter).
Disclaimer
In adherence to the Trust Project pointers, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to present correct, well timed data. However, readers are suggested to confirm info independently and seek the advice of with knowledgeable earlier than making any choices primarily based on this content material.
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