The Wemix Korean Ladies Professional Golf Association (KLPGA) Championship winner can be awarded in Wemix’s cryptocurrency. The match can have two competitions the place gamers compete for particular person holes (match play) or compete with others over a full spherical (stroke play).
The prime 12 golfers within the Wemix rankings will face the underside 12 within the match-play format. The 12 winners and losers will separate into Final A and Final B swimming pools that can vie for the cryptocurrency prize by way of a stroke play contest.
Korean Golf Tournament Offers WEMIX, a Token Trading 97% Below Its All-Time High
Wemix confirms that a million of their WEMIX tokens are up for grabs however didn’t specify how a lot the winner would obtain. The championship will start on Nov. 18.
At the top of every season, the highest 60 golfers within the Wemix rankings shared 50,000 of the token, whose value is presently down 97% from its all-time excessive. The highest-ranked participant, Lee Ye-won, just lately acquired 90,000 WEMIX.
The match sponsor, Wemix, develops instruments that can be utilized on the decentralized internet. WEMIX Play’s mega blockchain gaming platform is liable for over 90 cell titles. Its NILE platform is a decentralized autonomous group that develops new civilizations based mostly on blockchain, whereas WEMIX.Fi is a decentralized platform providing alternate, deposit, asset administration, and funding providers.
Last yr, the Sport Fishing Championship awarded its prime saltwater angler $1 million in crypto.
Read here about how to discover new blockchain gaming dApps.
Regulators Still Grappling With DeFi and NFTs
So far, few nations have tabled guidelines governing how projects ought to deal with the issuance of Web3 tokens. Europe’s upcoming Markets in Crypto Assets (MiCA) invoice requires that new token issuers produce a white paper earlier than exchanges can contemplate itemizing their asset.
Learn the fundamentals of SportFi, a distinct segment of decentralized finance, here.
South Korea’s Virtual Asset User Protection Bill consists of measures to defend buyers from market manipulation. It considers most digital belongings apart from Bitcoin to be securities that ought to adjust to current legal guidelines.
The Financial Services Committee will oversee the business whereas it expands laws to embody extra novel crypto ideas. Future revisions of MiCA might additionally regulate decentralized finance and NFTs.
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Disclaimer
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