MYRTLE, the first Fan Token on WEMIX PLAY, exceeded 100m USD in market cap just one day after its minting.
Minted by the famous Philippines actress/blockchain game streamer Myrtle Sarrosa on the global no 1 blockchain gaming platform WEMIX PLAY, its initial price was 1WEMIX$ and market cap was 1000WEMIX$ on 27th Jan.
As of 1st Feb, it was traded at 13.6WEMIX$ and the market cap grew to 109m WEMIX$.
Fan Token is a new way for fans to support creators using blockchain technology. A performance-based tokenomics connects creators’ popularity with the rise of their tokens’ value, and both creators and fans can benefit from the result.
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Users can buy and hold Fan Token to support their favourite creators. And creators get to manage their own Fan Tokens, minted by a high-water mark method. They can monetize it, share it with fans via airdrop, or use it for many activities including fan meetings and direct support to the communities.
High-water mark method, unlike usual tokenomics which automatically mint new tokens regularly, mints new tokens only when its 24-hour average price exceeds previous average price.
WEMIX will continue to collaborate with other creators to expand the Fan Token-based digital economy fan community ecosystem.
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