WEMIX Quarterly Report FY2022 Q2

WEMIX Compliance

Published in

WEMIX Communication

6 min readJul 26, 2022

DISCLAIMER

The purpose of this Quarterly Report is to report the financial status of WEMIX as of end-2022 Q2.
Differences may occur between this Quarterly Report and the actual audit result as there is no definite criterion regarding audit method and audit process of virtual assets.
Differences may occur due to such factors as gain on disposition and currency conversion occurred during the lapse between the time of liquidation and investment.
This Quarterly Report is based on information at the time of publishing; thus, significant differences may occur from facts. WEMIX Team is not responsible for publicly redefining future changes or future events.
The publishment and announcement of this Quarterly Report may be amended according to the policy of WEMIX WHITE PAPER.
Game Tokens circulated in WEMIX Network Platform are not included in this report as they are operated in accordance with policies of their respective developers.

1. WEMIX Balance for FY22 Q2

Out of the initially issued 1 billion WEMIX Tokens, 263 million WEMIX Tokens have been used or liquidated as of end of the reporting period on a cumulative basis.

For details, 127 million WEMIX Tokens were directly used, and 115 million WEMIX Tokens were liquidated for fiat currency equivalent to 289 billion KRW. Since January of 2022, no more liquidation took place. In addition, 20 million WEMIX Tokens were used for collateral of borrowings. It allows conclusion that in total 737 million WEMIX Tokens and 10 billion KRW remains in the balance as of end-FY22 Q2.

[1] Rounded down

2. Use of WEMIX

Total of 127.3 million WEMIX Tokens have been used on a cumulative basis, among which 52 million WEMIX Tokens were used during the private sales, 5.3 million WEMIX Tokens were used for marketing, and 70 million WEMIX were used for establishing and expanding the WEMIX ecosystem.

[2] Rounded down
[3] Rounded down
[4] Rounded down

3. Liquidation

Total of 115 million WEMIX Tokens have been liquidated accumulatively as of end-FY22 Q2 and the total liquidated value accumulates to 289 billion KRW.

As announced, no liquidation took place since January of 2022.

[5] Rounded up

4. Borrowings

In pursuit of establishment and development of WEMIX Platform, 36.5 billion KRW was borrowed from KOKOA Finance, Chunqi IP, and Wemade NEXT, and 20 million WEMIX Tokens were provided as a collateral.

5. Use via Liquidation and Borrowings

As of end-FY22 2Q, among the accumulative value from liquidation and borrowings amounting to 325.8 billion KRW, total of 315.4 billion KRW has been used for marketing and ecosystem establishment purposes.

[6] Investments except investment in shares
[7] Rounded down
[8] Rounded down

6. WHITE PAPER Distribution

The total use of WEMIX Tokens accumulatively accounts for nearly 25 percent(%) out of Distribution Volume in WEMIX WHITE PAPER at the end-FY22 Q2. It comes to the conclusions that 737 million WEMIX Tokens and 10 billion KRW remain as of end-FY22 Q2.

7. Quarterly Details of FY22 Q2

Below are details of FY22 Q2 WEMIX use.

① WEMIX Balance of FY22 Q2

47 million WEMIX and 39 billion KRW were used for the reporting period, and 737 million WEMIX and 10 billion KRW retained as of end-FY22 Q2.

[9] Rounded down

② Use of WEMIX Details for FY22 Q2

Used 0.8 million WEMIX Tokens for Marketing and 26.6 million WEMIX Tokens in establishing the Ecosystem.

[10] Rounded down
[11] Rounded down

③ Liquidation Details for Each Quarter

7 million WEMIX have been additionally liquidated during January 2022. WEMIX Quarterly Report for FY2021 4Q has been announced on 9th February, and no more liquidation took place since.

[12] No liquidation has taken place since January 2022.

④ Use via Liquidation and Borrowings Details for FY22 Q2

Below are details of the partnership and investments made during the reporting period.

DISCLAIMER

• 본 Quarterly Report는 2022년 2분기 말 기준 WEMIX Token 보유현황을 보고하기 위한 목적으로 작성되었습니다.

• 암호화폐의 회계처리방법 및 감사의 방법과 관련하여 명확한 기준이 정립되지 못한 상황이므로 실제 감사 결과는 본 Quarterly Report와 다를 수 있습니다.

• 유동화 시점과 투자 시점 사이 외화 환산 및 처분손익 등으로 인한 차이가 발생할 수 있습니다.

• 본 Quarterly Report는 발행 시점의 정보에 기초하여 작성된 것이며, WEMIX Team은 향후 변경되는 새로운 정보나 미래의 사건에 대해 공개적으로 현행화 할 책임이 없으며, 실제 미래 사실과 중대한 차이가 있을 수 있습니다.

• 본 Quarterly Report 발행 및 공지 내용은 WEMIX WHITE PAPER(이하 “위믹스 백서”) 정책에 따라 향후 변경될 수 있습니다.

위믹스 플랫폼에서 유통되는 게임 토큰은 각 개별사들 정책에 따라 운영되기 때문에 본 Quarterly Report에는 포함되지 않았습니다.

1. 2022회계연도 2분기 WEMIX 보유 현황

최초 발행된 10억 WEMIX Tokens(이하 “WEMIX”) 중 보고기간 말 누적 기준으로 2억 6,300만 WEMIX가 사용 또는 유동화 되었습니다.

구체적으로 1억 2,700만 WEMIX를 직접 사용하고, 1억 1,500만 WEMIX를 2,890억원 상당의 법정화폐로 유동화하였습니다. 또한, 2,000만 WEMIX를 차입금 담보로 사용하였습니다. 2022년 1월 이후 유동화가 진행된 바는 없습니다. 이에 따라, 2022회계연도 2분기 현재 기준 7억 3,700만개 및 100억원의 잔액을 보유하고 있습니다.

[1] 반내림

2. WEMIX 사용 내역

누적 기준으로 현재 총 1억 2,730만 WEMIX를 사용하였으며, 이 중 5,200만 WEMIX를 투자자에게 Private Sale로 배분하였고, 마케팅으로 530만 WEMIX, WEMIX 생태계 구축 및 확장을 위한 목적으로 7,000만 WEMIX를 사용하였습니다.