I have been using Wax wallet services for almost 3 years. Since then it has evolved a lot. Now I consider that it is more intuitive, faster and adapted to the Web3 pattern that is being demanded lately. Likewise, prepared to be used on mobile devices, which is what prevails among most users today.

With so much hardship and disappointment that we have experienced in the market, it is difficult to find a staking that offers more than 10% APR. It seems incredible, in 2020 seeing an APR of 200 or 300% seemed like the most normal thing in the world to me and now it is almost impossible to find it. With strong assets, such as Bitcoin, Ethereum or SOL among others.

In the Wax Cloud Wallet, we have 7.99% staking available to us. An APR that has been decreasing since 2020, to combat the sales pressure and inflation of the Wax token.

This Staking service gives us two benefits. The first is to support the Wax blockchain, earning small rewards for our capital. The second is greater resource capacity to use the network. I mean the CPU and RAM. They are consumed a lot when we interact with some of the Dapps on the network such as Alien Worlds, Clash Dome or the Atomic market.

Since the last Bear Market, the Wax token has suffered a sharp depreciation. What's more, it is having a hard time exceeding 0.08 cents on the dollar. My last acquisition was made when the token was around $0.42. Naturally, I am still in losses, which I have not been able to compensate with staking.

In my opinion, the entire Wax network has a very promising future, I am even convinced that games incentivized with an internal economy like those hosted by Wax will once again have their momentum. I rule out the massive entry that we experienced in the past with the boom of NFTs and Play to Earn games, but it will experience a bullish and enriching dynamic that will put the token back where it deserves.

To this day it continues to be the reference network in terms of games. Many decentralized applications continue to develop their products and services on the Wax blockchain. Transactions are very fast, free (with a limit) and they only ask us for an email to be able to use it, so the anonymity and privacy of the user continues to be preserved.

Is it worth investing in the token now and staking it until the trend changes?

Oh God! I don't know. The only thing I contemplate is an insurmountable dominance of Bitcoin compared to other assets. Tokens like Wax have lagged far behind and I don't see great interest in them for large investors. To answer this question affirmatively, I would have to assume that the market will continue to rise and a magnetism towards games and NFTs will be generated again.