Wemade and CrossAngle Establish 'Wemix Circulation Monitoring System'

[Asia Economy Reporter Kang Nahum] Wemade announced on the 5th that it has signed a Memorandum of Understanding (MOU) with Crossangle, a virtual asset information platform specialist company, to establish the 'WEMIX Circulation Monitoring System.'

According to this agreement, the two companies will cooperate in three areas: ▲Real-time circulation monitoring service (Live Watch) ▲Over circulation alarm ▲Quarterly on-chain audit report.

First, Wemade will be the first to apply the real-time circulation monitoring service being developed by Crossangle to WEMIX. Through this, the circulation status of WEMIX will be transparently disclosed to investors. The real-time circulation monitoring service is expected to be introduced within this year on Crossangle's virtual asset data intelligence platform, 'Xangle.'

Additionally, a system will be established to automatically disclose if WEMIX is circulated beyond the planned amount. Furthermore, an on-chain audit report containing circulation information will be published quarterly.

A Wemade official stated, "Crossangle is setting the standard for transparency that blockchain and cryptocurrency projects should have," adding, "Wemade will actively respond by introducing the real-time circulation monitoring service and plans to make WEMIX the first exemplary case."