One of the unique features of the PlanetX Meta platform is the wax pool, which allows users to stake their PlanetX Meta NFTs and earn wax tokens in return.
Staking is a process where users lock up their tokens in a smart contract to support the network's operations. In return, they earn rewards for their contributions. In the case of PlanetX Meta, users can stake their NFTs in the wax pool to earn wax tokens.
The wax pool is an innovative concept that adds value to NFTs. Previously, NFTs had little to no utility beyond their aesthetic and collectible value. However, with the wax pool, users can now earn passive income by simply holding onto their NFTs. The more NFTs a user stakes in the pool, the more wax tokens they earn.
Moreover, PlanetX Meta also offers a wax token pool. Users can earn wax tokens by staking IOTAN tokens from PlanetX Meta. By staking IOTAN tokens in the wax token pool, users can earn wax tokens as rewards.
Staking IOTAN tokens in the wax token pool is a way for users to earn passive income while also supporting the PlanetX Meta network. It is a win-win situation for users as they earn rewards while also contributing to the platform's development and growth.
In conclusion, PlanetX Meta's wax pool and wax token pool are innovative features that provide users with a new way to earn passive income through staking. By staking their NFTs and IOTAN tokens, users can earn wax tokens while also supporting the development of the platform. It is an exciting development for the NFT market, and we can expect to see more platforms adopt similar features in the future.
