CORAL Policy

Written: May 24, 2024

Version: 1.0.1

* The World Fishing Championship will cease service on May 24, 2024.

* The Aqua Staking's Pearl Steak will no longer be available starting May 24, 2024.

CORAL is a utility coin from "World Fishing Championship" existing on the WEMIX platform used as a resource in game to purchase content and items.

CORAL Issuance and Usage Strategy

• 1. CORAL Issuance: 25,000,000 (25m)

  CORAL Usage List	Number of CORAL	Percentage	Description
  Pearl Staking	11,250,000	45%
  Tornado Staking	11,250,000	45%
  Marketing	1,750,000	7%
  WEMIX Recipient	750,000	3%	WEMIX Platform Operation
  Total	25,000,000	100%

CORAL Acquisition & Consumption

• 1. CORALs can be earned through “Tornado Staking” and “Pearl Staking”.
• 2. CORALs can be used for in-game item purchases.
  • CORAL Shop, Black Pearls, Ultimate Fishing Pass, etc.

Aqua Staking

• 1. Aqua Staking consists of “Tornado Staking” and “Pearl Staking”.
• 2. You can participate in Tornado Staking on WEMIX Play’s Game Staking page. When you stake Tornado, it will move to a dead wallet, and you can earn CORALs as staking reward.
• 3. You can participate in Pearl Staking on the World Fishing Championship's in-game Staking page. When you stake Pearls, they will be removed, and as a staking reward, CORALs will be earned.
• 4. Rewards from Pearl Staking and Tornado Staking follow the following schedules. Initially, you will receive 0.5 CORAL per block. This will undergo half-life every 30 days, and will be issued identically after three half-lives. The Staking program ends after approximately 5 years.

  Category	30 d	30 d	30 d	30 d	After
  Issuance Per Block	0.5	0.25	0.125	0.0625	0.0625
  Issuance Per Day	43,200	21,600	10,800	5,400	5,400
  Cumulative Reward	1,296,000	648,000	324,000	162,000	11,250,000

• 5. Staked Tornado Tokens and Pearls cannot be unstaked in the Aqua Staking program.
• 6. The 000 Staking program provides additional rewards in the form of MP (Multi Points) based on the duration, and the calculation for MP is as follows.

MP per block=staked TORNADO or Pearl*(1/31,536,000)

Characteristics

• 1. Utility Token

  CORAL is a utility token that can be obtained through Tornado Staking and Pearl Staking in the World Fishing Championship.

• 2. Mobility

  Based on blockchain technology, CORAL can be used within the game world, and can also be purchased or exchanged for other tradable tokens.

• 3. Clear Intrinsic Value

  CORAL is an essential resource in World Fishing Championship, which is used in a variety of key content providing clear value.

• 4. Sustainable Value

  CORAL has a daily acquisition limit in order to maintain the token’s value. The acquisition of CORAL is only possible through Staking. There are no additional sources of supply, except for marketing, to prevent inflation.

• 5. Investment Value

  CORAL provides value stability through supply management, etc. CORAL demand will continue to expand through content updates and additional methods of use.

This policy is not legally binding and is subject to change, if necessary, depending on situations with game service.