Circulation Audit under Xangle’s Live Watch WEMIX Medium Announcement : https://medium.com/wemix-communication/circulation-audit-under-xangles-live-watch-ff8bb924d025 On December 21, the WEMIX team announced the WEMIX Vesting Plan 2023(related link), implementing a transparent circulation plan for WEMIX. We have gone through a thorough review of the circulation plan with Xangle’s Live Watch team, who will monitor the circulating supply of WEMIX based on the plan and provide status updates to the community. The subsequent follow up actions are shared below. 1. WEMIX staked by 40 WONDERS as non-circulating supply There have recently been issues raised on whether NCP node staking volume totaling 60 million WEMIX should be considered as non-circulating supply. Below is the summary of our discussion on the topic with Xangle’s Live Watch team; • Although it is a common view not to consider master node staking of the blockchain networks as circulating volume, • There is a counter-argument that the staked volume of NCP or GP nodes in certain blockchains cannot be viewed as a non-circulating supply if arbitrary staking or additional deposits/withdrawals are possible based on their own will The structure of the NCP Staking for WEMIX3.0 is as follows; • During the Phase 1 of WEMIX3.0, all NCPs are required to stake 1.5 million WEMIX • Majority of governance votes is required to accept the initial staking volume of NCPs • Discontinuation of node operation or partnership termination by NCPs require a majority of governance votes by 40 WONDERS, and the substitute node validator becomes a crucial part of the decision making process • These factors clearly address that the 60 million WEMIX staked by 40 NCPs are locked-up and maintained and therefore, Effectively confirms that the staked WEMIX volume of 40 WONDERS(NCPs) for WEMIX3.0 as non-circulating supply. 2. Non-circulating supply of WEMIX in third-party wallets Moverover, regarding WEMIX held in third-party wallets classified as non-circulating supply, • It is necessary to guarantee that the holdings in the wallets cannot be liquidated or transferred within the prohibited time frame. • There is a clause that restrict resale, but given the possibility of legal contract violation, • There have been views that third-party wallets apart from those that apply a lock-up through smart contract, should be considered as circulating supply. Therefore, • Even though we value the support and investment made by our partners as direct contribution to the WEMIX ecosystem, • It has been evaluated from a conservative perspective that the guarantee on the decentralized technology of trustless blockchain network must be based on smart contracts. • Thus, we have agreed to exclude WEMIX in third-party wallets that are not locked-up via smart contracts from the non-circulating supply. Therefore, from January 3rd 2023, these wallets will be excluded from the list of non-circulating third-party wallets/contracts. In this regard, the foundation will take this change into account and include it in the circulation volume from foundation-owned wallets for January 2023. 3. Publicly disclosed circulation management Furthermore, the existing API provided by the WEMIX foundation will be replaced with Xangle’s Live Watch API in order to track and disclose real-time circulating supply of WEMIX with improved transparency and clarity. The circulating supply of WEMIX reviewed and confirmed through Xangle’s Live Watch will be integrated with WEMIX3.0 Explorer, CoinMarketCap, and CoinGecko where live data will become publicly available.

Circulation Audit under Xangle’s Live Watch WEMIX Medium Announcement : https://medium.com/wemix-communication/circulation-audit-under-xangles-live-watch-ff8bb924d025 On December 21, the WEMIX team announced the WEMIX Vesting Plan 2023(related link), implementing a transparent circulation plan for WEMIX. We have gone through a thorough review of the circulation plan with Xangle’s Live Watch team, who will monitor the circulating supply of WEMIX based on the plan and provide status updates to the community. The subsequent follow up actions are shared below. 1. WEMIX staked by 40 WONDERS as non-circulating supply There have recently been issues raised on whether NCP node staking volume totaling 60 million WEMIX should be considered as non-circulating supply. Below is the summary of our discussion on the topic with Xangle’s Live Watch team; • Although it is a common view not to consider master node staking of the blockchain networks as circulating volume, • There is a counter-argument that the staked volume of NCP or GP nodes in certain blockchains cannot be viewed as a non-circulating supply if arbitrary staking or additional deposits/withdrawals are possible based on their own will The structure of the NCP Staking for WEMIX3.0 is as follows; • During the Phase 1 of WEMIX3.0, all NCPs are required to stake 1.5 million WEMIX • Majority of governance votes is required to accept the initial staking volume of NCPs • Discontinuation of node operation or partnership termination by NCPs require a majority of governance votes by 40 WONDERS, and the substitute node validator becomes a crucial part of the decision making process • These factors clearly address that the 60 million WEMIX staked by 40 NCPs are locked-up and maintained and therefore, Effectively confirms that the staked WEMIX volume of 40 WONDERS(NCPs) for WEMIX3.0 as non-circulating supply. 2. Non-circulating supply of WEMIX in third-party wallets Moverover, regarding WEMIX held in third-party wallets classified as non-circulating supply, • It is necessary to guarantee that the holdings in the wallets cannot be liquidated or transferred within the prohibited time frame. • There is a clause that restrict resale, but given the possibility of legal contract violation, • There have been views that third-party wallets apart from those that apply a lock-up through smart contract, should be considered as circulating supply. Therefore, • Even though we value the support and investment made by our partners as direct contribution to the WEMIX ecosystem, • It has been evaluated from a conservative perspective that the guarantee on the decentralized technology of trustless blockchain network must be based on smart contracts. • Thus, we have agreed to exclude WEMIX in third-party wallets that are not locked-up via smart contracts from the non-circulating supply. Therefore, from January 3rd 2023, these wallets will be excluded from the list of non-circulating third-party wallets/contracts. In this regard, the foundation will take this change into account and include it in the circulation volume from foundation-owned wallets for January 2023. 3. Publicly disclosed circulation management Furthermore, the existing API provided by the WEMIX foundation will be replaced with Xangle’s Live Watch API in order to track and disclose real-time circulating supply of WEMIX with improved transparency and clarity. The circulating supply of WEMIX reviewed and confirmed through Xangle’s Live Watch will be integrated with WEMIX3.0 Explorer, CoinMarketCap, and CoinGecko where live data will become publicly available.

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