All gas fees shall be burned on WEMIX3.0 WEMIX3.0 gas fees will be burned. WEMIX has always strived for shared growth with the community and investors by pursuing transparency and precision through world’s finest compliance guidelines when dealing with asset management and ecosystem development. We are deeply grateful for the continued support from our community and investors despite the recent incident regarding DAXA’s decision to terminate trading support for WEMIX, and we believe by realizing various plans into action, WEMIX Foundation, through communication with the community and implementation of enhanced compensation policies for investors, will reinforce our earnestness towards building one of the best and most exciting blockchain projects in the world. Among the various policies that had been planned, we will first introduce the implementation of gas fee burn. Gas fees are designed to protect networks including WEMIX3.0 from high volume of meaningless transaction spams or malicious DDoS attacks, and are also used as an indicator to distinguish important and urgent transactions by the validators. The gas fee formulation of WEMIX3.0 is based on the variable gas fee formula, and is classified into two categories; Base Fee and Priority Fee. The default value of the base fee is 1wei(*), and the maximum value is 50,000Gwei. The base fee is calculated with every block through a standard formula, and is currently being burned in real time. * 1 wei = 0.000000000000000001 WEMIX The Priority Fee is a concept applied with the adoption of EIP-1599, and is equivalent to incentivizing(tipping) NPCs for validating higher cost transactions. Users can set a priority fee when submitting a transaction; but in such a high-performing environment of WEMIX3.0, transactions are not processed faster despite setting a priority fee. The default value of the priority fee is 100Gwei(*). * 100 Gwei = 0.0000001 WEMIX Through implementation of the gas fee burn policy, the WEMIX team will ultimately burn all gas fees of WEMIX3.0 including priority fees. Through a network update, all priority fees currently sent to the Maintenance Wallet will be automatically transferred to the Dead Wallet to be burned. As of December 1st, 2022, the accumulated 1,777 WEMIX resulting from gas fees based on block 3,666,008 will be burned by transferring it from the Maintenance Wallet to the Dead Wallet. We will burn all additionally accumulated gas fees through periodic transfers prior to the network update completion. Although the accumulated priority fee thus far may not seem substantial, we believe as the experience-based, platform-driven & service-oriented mega-ecosystem WEMIX3.0 will soon reach a meaningful volume through the organic growth of the ecosystem. The gas fee burning policy corresponds with the current Phase 1 of WEMIX3.0 Roadmap, and is expected to change as we proceed into Phase 2 via PMR reformulation and potential modification of general gas fee policies in line with the growth of the ecosystem. The framework for the growth of WEMIX is the mega-ecosystem, and the driving force is the unwavering trust and support of our community and investors. At the heart of our community and investor compensation policies lies the initiative to burn WEMIX. As the WEMIX mega-ecosystem expands, we will introduce and implement additional innovative WEMIX burning policies. Thank you.