WEMIX ranks #68 of 508 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #323: 255 of the 322 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 332 non-native assets CoinSpectrum lists above it by market cap, about 52% are tokens, 41% are claims on other assets and 7% are memecoins.
| CoinSpectrum Grade | C · 58/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #68 |
| Rank counting claims | #323 |
| Market capitalisation | $80M |
| Price | $0.1604 |
| Circulating supply | 500,162,805 WEMIX |
| Maximum supply | 590,000,000 WEMIX |
| Consensus family | Proof of Stake |
| Consensus mechanism | Staking-based PoS |
| Network purpose | Gaming |
| Ledger type | Multi-asset ledger |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
C — 58 out of 100, provisional (from 16 of 17 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 55 to 61 (C to C).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards | 5.9 | group average, 5 of 6 measured |
| Properties (10 whitepaper checks) (Source) | 4 | 4 of 10 passed source |
| Anyone can mint (permissionless) | ✗ | Staking-based PoS |
| Limited supply | ✓ | fixed maximum of 590,000,000 |
| No pre-issuance or developer mint | ✗ | |
| No developer tax | ✗ | |
| No authority that can halt the chain or freeze funds | ✓ | No protocol-level freeze of user WEMIX is documented; authority members are admitted by majority vote of existing members. |
| No central team | ✗ | The WEMIX Foundation (Wemade) maintains go-wemix (LGPL-3.0); block producers must sign a legal contract with the Foundation. |
| Fees under one cent | ✓ | typical fee $0.00033 |
| Payments safe to accept within seconds | ✓ | Blocks every second with immediate finality via etcd (Raft) leader election among authority members, per WEMIX docs. |
| UTXO ledger | ✗ | |
| Privacy built into the protocol | ✗ | |
| Scalability (fees, throughput, block time, block space) | 7.5 | average of 4 measures source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00033 |
| Throughput (1,000 transactions a second or more 10) | 10 | about 5,000 simple transactions a second |
| Block time (10 minutes 10, less either side) | 0 | a block every 1 second |
| Block space per 10 minutes (32 MB or more 10) | 10 | 6.56 MB limit (converted from its gas, compute, mass or count limit), 3940 MB per 10 minutes |
| Security (9 checks) | 5 | 5 of 9 passed source |
| Miners paid over $1 million a day | ✗ | not mined |
| Miners paid over $100,000 a day | ✗ | |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | ✓ | 7% |
| Largest three under 75% | ✓ | 19.4% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | The WEMIX Foundation (Wemade) maintains go-wemix (LGPL-3.0); block producers must sign a legal contract with the Foundation. |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 17,856 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Decentralisation: who can mint (Source) | 7.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks, less 1 point: block producers are admitted from a permissioned list (allow list, federation or council) |
| Decentralisation: nodes (Source) | 5.3 | 40 active validators or block producers (source: WEMIX3.0) |
| Decentralisation: holder concentration (Source) | — | Not yet measured |
| Capabilities (protocol features) | 0 | 0 of 6 passed source |
| Decentralisation | ||
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | go-wemix (geth fork) relays transactions directly. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | No light-client protocol; wallets trust RPC servers. |
| Scalability | ||
| Pruned nodes: a full node can validate and drop old history | ✗ | geth-style --gcmode full prunes state but keeps every block. |
| Native payment channels or instant payments | ✗ | No payment channels. |
| Security | ||
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No confidential transactions. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No sender or receiver hiding. |
| Issuance | 3.6 | group average |
| Premine (allocated at launch) | 0.8 | 92.2% of today's supply allocated at launch to founders, a company, a foundation or investors. Wemade issued the original 1B WEMIX itself (2020). The foundation later burned about 435M and Brioche capped supply at 590M. Post-mainnet block rewards go half to the 40 Wemade-selected Node Council Partners (no open minting) and half to foundation funds; the fund half (~43.8M) is now scored as a block-reward cut. Without it: (560.9M - 43.8M) / 560.9M total (CoinGecko, 2026-10-24) = ~92%. source |
| Fundraising | 0.8 | Sold by its issuer or insiders: 92.2% of supply was theirs to sell, 38% sold so far. Wemade sold ~108M WEMIX on the market from Nov 2020 to Nov 2021 (~290B won), and prosecutors allege a further ~300B won sold Feb-Oct 2022 (units undisclosed; ~60-150M at that year's ~2,000-5,000 won prices). 168M-258M / 560,885,841 WEMIX (CoinGecko total, 2026-10-24) = 30.0-46.0%, midpoint 38.0%. No ICO or venture token round found. Wemade sold WEMIX from its holdings to fund investments, and was accused of selling 108M WEMIX (about 227.1B won) in Jan 2022 without disclosure. DAXA delisted it in Dec 2022 (and again in 2025) over misreported circulating supply. source |
| Developer share (after launch) | 9.2 | Developer share: about 7.8% of today's supply received so far; 50% of each new block reward goes to them today. The WEMIX3.0 block reward (Permanent Minting Reward) goes 50% to the 40 Node Council Partners and their WONDER stakers, 25% to the ecosystem fund and 25% to the maintenance fund. A decoded mainnet block header (2026-10-24) shows the two fund addresses taking 25% each of 0.25 WEMIX. Brioche halvings: 1 WEMIX/block to block 53,525,500 (1 Jul 2024), 0.5 to 116,640,700, then 0.25. That is 53.5M + 31.6M + 2.5M = 87.6M minted, of which 50% = 43.8M, or 7.8% of 560.9M total (CoinGecko). source |
| Supply & Demand | 6.3 | group average |
| Supply & Demand (Source) | 5.6 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 15 exchanges |
| Volume rank among the top 200 | 0 | $212,675 traded in 24 hours; #1204 by volume on the exchanges the site reads (ranked on the median day of the last 30, $207,942) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 2.9 | 0.23% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 5.7 | $42,294 within 2% of the price on 6 exchanges, 0.05% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 4.8 | $80M, 4.8 on a scale of 2.5 points per tenfold |
| Futures exposure (open interest ÷ market cap, less is better) | 10 | no perpetual futures on the exchanges read |
| Supply (smaller is better) | 6.9 | fixed maximum supply of 590 million |
| Record | 7.3 | group average |
| Record (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Age (years since genesis) (Source) | 5 | 5 full years since 2020-10-29, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 7 | 3 positive, 2 negative, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 27 commits in 8 of the last 12 months (github.com/wemixarchive/go-wemix); go-wemix w0.10.15, 10 Sep 2026; 6 releases in the last 24 months. |
| Shipped a security fix in two years, +1 | ✓ | go-wemix v0.10.14, Jul 2026: ECIES invalid-curve handling, StatusEx forgery and governance-contract hardening. |
| Token issuance at protocol level, validated by its own nodes, +2 | ✓ | ERC-20 contracts on the WEMIX3.0 EVM (a go-ethereum fork, mainnet since October 2022), open to any account. |
| Negative | ||
| Unfixed vulnerability, disclosed 2023-09-06, −1 | ✗ | go-ethereum GHSA-ppjg-v974-84cm (CVE-2023-40591, High) lets a flood of p2p pings spawn unbounded goroutines until the node runs out of memory; go-wemix w0.10.15 (the public RPC reports Gwemix v0.10.15) still answers pings in a new goroutine (fixed in 1.12.1). |
| Unfixed vulnerability, disclosed 2024-05-06, −1 | ✗ | go-ethereum GHSA-4xc9-8hmq-j652 (CVE-2024-32972, High) lets a GetBlockHeaders request with count 0 make the node load every header back to genesis; go-wemix w0.10.15 (the public RPC reports Gwemix v0.10.15) lacks the 1.13.15 cap. |
| Not yet researched | ||
| Shipped a new capability for users in two years | – | |
Seventeen criteria, weighted equally. The Cryptocurrency Standards group four parts: properties (ten checks drawn from the Bitcoin whitepaper), scalability (four measures), security (nine checks) and decentralisation (three scales). Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
500,162,805 of a maximum 590,000,000 WEMIX are in circulation — 84.8% of the total that will ever exist.
| Premine (allocated at launch) | 92.2% of today's supply |
|---|---|
| Sold by the issuer or insiders | 38% of today's supply |
| Developer share received since launch | 7.8% of today's supply |
| Developer share of new coins today | 50% |
| Nodes or validators | 40 |
| Fundraising | Public sale |
Wemade issued the original 1B WEMIX itself (2020). The foundation later burned about 435M and Brioche capped supply at 590M. Post-mainnet block rewards go half to the 40 Wemade-selected Node Council Partners (no open minting) and half to foundation funds; the fund half (~43.8M) is now scored as a block-reward cut. Without it: (560.9M - 43.8M) / 560.9M total (CoinGecko, 2026-10-24) = ~92%.
No ICO or venture token round found. Wemade sold WEMIX from its holdings to fund investments, and was accused of selling 108M WEMIX (about 227.1B won) in Jan 2022 without disclosure. DAXA delisted it in Dec 2022 (and again in 2025) over misreported circulating supply.
Wemade sold ~108M WEMIX on the market from Nov 2020 to Nov 2021 (~290B won), and prosecutors allege a further ~300B won sold Feb-Oct 2022 (units undisclosed; ~60-150M at that year's ~2,000-5,000 won prices). 168M-258M / 560,885,841 WEMIX (CoinGecko total, 2026-10-24) = 30.0-46.0%, midpoint 38.0%.
The WEMIX3.0 block reward (Permanent Minting Reward) goes 50% to the 40 Node Council Partners and their WONDER stakers, 25% to the ecosystem fund and 25% to the maintenance fund. A decoded mainnet block header (2026-10-24) shows the two fund addresses taking 25% each of 0.25 WEMIX. Brioche halvings: 1 WEMIX/block to block 53,525,500 (1 Jul 2024), 0.5 to 116,640,700, then 0.25. That is 53.5M + 31.6M + 2.5M = 87.6M minted, of which 50% = 43.8M, or 7.8% of 560.9M total (CoinGecko).
Sources: koreajoongangdaily.com · kedglobal.com · view.asiae.co.kr · github.com · api.wemix.com · business.dptribune.com. Researched 2026-10-24, low confidence.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
WEMIX is #68 among cryptocurrencies and #323 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 255 places between WEMIX's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).