WeMix announced it has supplied liquidity to Uniswap.
Jang Hyun-guk, CEO of WeMade, purchased WeMix, the company's cryptocurrency, with his salary in July.
On the 25th, he purchased 15,198 WeMix tokens with a monthly salary of KRW 5,255,270 received.
This is the fifth purchase of WeMix Token following dividends from WeMade stocks in 2021 and salaries from April to June.
Earlier, CEO Jang Hyun-guk said he would link his compensation with WeMix to contribute to the development of the WeMix ecosystem and sustainability.
With the additional purchase of WeMix, CEO Jang Hyun-guk's total number of WeMix tokens is 66,456.
Meanwhile, WeMIX announced on the 26th that it has supplied liquidity to Uniswap, Ethereum's largest decentralized exchange (DEX).
WeMix is currently securing users mostly based on games. As part of its expansion, WeMix has created a WEMIX/USDC pool by supplying liquidity to Uniswap to provide interoperability with Ethereum, the world's largest blockchain ecosystem.
As a result, Ethereum, which has the highest liquidity, can trade WeMix with users around the world and create WeMix-based services.
800,000 Wemix and USDC, which was obtained by switching 800,000 Wemix, was used to create a pair pool.
Wemix also collaborated with Multichain bridge to use WeMix in Ethereum.
Multichain bridges are the world's largest bridges that connect Ethereum Virtual Machine (EVM) chains.
Recently, there have been so many incidents in cryptocurrency that the leader's personality has begun to be considered an important element of the project. Anyway, this gesture of WeMix can be seen as desirable.
It is good that the CEO is invested in the company's cryptocurrency, as it shows faith in the project. However, it is also important to note that this move could be construed as self-serving, and it is important that the company be transparent about its motivations.