WEMIX is the native coin of the WEMIX ecosystem, an experience-based, platform-driven, and service-oriented decentralized blockchain protocol. This system is powered by an Ethereum Virtual Machine (EVM) compatible open-source protocol, utilizing a Stake-based Proof of Authority (SPoA) consensus mechanism. WEMIX is used as a medium of exchange and payment method for gas fees within the ecosystem. The WEMIX ecosystem aims to connect the in-game and real-world economy through tokenomics, providing a unique experience for its users.

WEMIX operates within an extensive ecosystem that includes several key platforms and components, each contributing to its growth and expansion. The ecosystem includes WEMIX Play, a play-and-earn gaming platform, NILE, a DAO-powered community platform, and WEMIX.Fi, a DeFi platform. It also includes WEMIX$, a stablecoin protocol, and WEMIX Wallet, a decentralized native wallet. The WEMIX Explorer, consisting of the Macroscope and the Microscope, provides detailed insights into the ecosystem's activities. WEMIX is secured by the SPoA consensus algorithm, which is maintained by 40 decentralized authority nodes known as 40 WONDERS.

WEMIX has a wide range of potential use cases within its ecosystem. It serves as a medium of exchange and payment method for gas fees, facilitating transactions within the ecosystem. WEMIX Play, a part of the ecosystem, is a gaming platform that integrates the "pay" segment into the global gamers' experience cycle. NILE, another component of the ecosystem, facilitates the creation, facilitation, and management of projects through the Neith Protocol. WEMIX.Fi provides DeFi services such as swap, staking, pool, borrow, and bridge. WEMIX Wallet allows users to manage their funds and crypto-assets without the need for custody.

WEMIX was founded in 2018 by WEMADE TREE, a subsidiary of WEMADE, with a vision to create a blockchain gaming platform servicing various games. In August 2021, WEMADE launched the flagship title, MIR4, on the WEMIX platform, marking a shift in the gaming industry. MIR4 saw notable user engagement with over 1.4M concurrent users and 20M cumulative registered users from more than 170 countries worldwide. In October 2022, WEMADE released WEMIX3.0, its independent blockchain network, to further develop the use of WEMIX Coin within the blockchain industry.