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WAX (WAX) is a cryptocurrency made by the founders of OPSkins, the world’s leading marketplace for online video game assets. WAX was created in 2017 as a decentralized platform that enables anyone to create, buy, sell, and trade physical and virtual items to anyone, anywhere in the world. 

The WAX coin is a utility token that harnesses the power of blockchain technology to allow virtual goods to be tokenized and exchanged for cryptocurrency. The name WAX is an acronym for Worldwide Asset eXchange and participants of the WAX platform gain access to a global community of online gamers, creators, collectors, and traders who buy and sell in-game items. 

The WAX platform enables anyone to build an online store/marketplace using the project’s B2B tools. Using WAX, anyone can tokenize anything in the virtual or physical world and sell or trade the tokenized item through WAX’s blockchain-based platform. 

Unlike most cryptocurrency projects, the team behind WAX chose to launch the project on an EOS variant rather than another blockchain. Then, after about a year and a half of development, WAX launched their mainnet on June 30, 2019 and WAX tokens could be swapped to the WAX blockchain mainnet up until August 30, 2019. On the new WAX blockchain, WAX tokens are generated through a Delegated Proof of Stake (DPoS) algorithm with 21 block producers called “Guilds”. Additionally, users can stake their WAX tokens allowing them to vote on the WAX blockchain and earn rewards for doing so.

The total supply of WAX is 1,850,000,000 tokens and the circulating supply is 942,821,662 tokens. The WAX ICO was held in November 2017 where 64,750,000 WAX tokens were sold in exchange for $9,600,000 in ETH, BTC, and USD. 

In this tag you can discover WAX (WAX) news, price prediction, opinion and analysis created by users.

WAX Blockchain - Staking brings 8% APR and other revenue streams

14 May 2024 2 minute read 1 comment Behiver

WAX blockchain offers staking with an appealing APR of 8%. Most of my WAXP tokens were earned in the previous bull runs while I did a lot of NFT trading and also got involved in many games in their inceptions. This offered me the opportunity to harve...

Waxsnails are coming

7 Apr 2024 4 minute read 1 comment Crackers

Right this PFP kind of came from a joke but is all ready to drop tomorrow now the artist has been around for a while and has featured here a good few times he even created the advent calendar last year for my he goes by Trickycreations or Mike Hey m...

Galactic123 on wax network

1 Apr 2024 1 minute read 0 comments urbanghost

What is it with wax games at the moment?  They seem to be dropping like flies all of a sudden. So yet another game has announced its switching off the game and putting up a reduced version of it.  Galactic123 the sci-fi space exploring game, as of th...

Prospectors - Grandland on wax network

26 Mar 2024 1 minute read 0 comments urbanghost

I have been playing Prospectors Grandland for a while now and own a few bits of land in the game.  I bought the land a while ago and used to make a good amount of gold mining various resources on them.  But I know think the game is broke and it needs...

Preparing for Warsaken and Game Reward XP

23 Mar 2024 1 minute read 0 comments LouP77

The entertaining new card strategy game Warsaken announced in late January that it will soon launch Game Reward XP. At that point, Warsaken Blitz will exit beta mode -- and the real fun can begin. Here are some links to help newcomers to Warsaken lea...

The end of Million on Mars on wax network? UPDATE

20 Mar 2024 1 minute read 3 comments urbanghost

Well I got rid of all my assets and I think just in time before the shut off.  What kind of outfit are they?  People are still trying to get their glitter assets withdrawn and failing, they are still selling premium access to the game and assets even...

Update on things.

17 Mar 2024 1 minute read 0 comments KylinVDM

Soooo I said I'd be doing this updates monthly, and it's been 2.5 months so I failed there. Oops.  So I've finished the academic part of my education, which was intense and took a long while. Tis part of why I didn't keep up with things beyond the we...

BAN-WAX Swap Tool - BananoSwap

12 Mar 2024 2 minute read 3 comments WinterYeti

Cross-chain swaps are particularly useful tools, allowing people to make use of tokens and coins they collect on one chain and spend on another. This translation of liquidity has been functional and an advantage for crypto-savvy probably since the be...

Play2earn gaming report (2): Season 10 in full swing!

10 Mar 2024 1 minute read 2 comments borgminer

Hi, if you are first time on my blog I'm Borgminer and I love play2earn blockchain games and I also post about my playing and earning experience. Feel free to subscribe and comment your thoughts I would like to read about your experience specially if...

The end of Million on Mars on wax network?

1 Mar 2024 1 minute read 2 comments urbanghost

 So its been announced this week that million on mars is closing most parts of the game on May 1st, apparently to write a new version of it.  There has been problems for quite a while, their discord group just bans anyone who asks awkward questions a...