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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.
31 Jan 2021 2 minute read 3 comments achim03
Lately I'm in a discovery mood and I like to try out new things. On noise.cash and Leofinance, I saw several people speaking about a new blockchain game. I've tried out almost all games on Hive. This one however is not on Hive. It's on the WAX blockc...
30 Jan 2021 1 minute read 3 comments Makingdigital
The WAX blockchain is huge and although it is in a nascent phase, we can already take advantage of its potential to generate money, accumulate WAX or obtain high value NFTS. I want to give you some tips to get WAX quickly. When we create a WAX Wa...
30 Jan 2021 7 minute read 7 comments Khazrakh
This last week has been a very odd one for me. In the crypto world, there has been some great stuff happening to me. Especially the Splinterlands land presale lottery has been a huge success for me. At the same time, I'm super annoyed by my everyday...
29 Jan 2021 2 minute read 5 comments Jimmy D
CryptomonKeys is a freely distributed, community-driven, meme-rich digital trading card series based on NFT technology, here to disrupt the meme economy. Launched September 19th, 2020 by co-founders SoggyApplePie and bantano, both core team members o...
29 Jan 2021 1 minute read 18 comments CryptoBlonde
AWESOME.....the Alpacas have now new friends !!!! First of all, I want to thank once again everyone who supports me, don't forget that it is you who make this possible, THANK YOU !!! There were many replies for the contest showing that people reall...
29 Jan 2021 2 minute read 4 comments CryptoSnarf
You read that correctly. Okay, so maybe not that type of monkey that you are familiar with. You know, the ones out in the wild that swing from trees. No, I am talking about a monKey that lets to hang out on chains - blockchains. But what the heck am...
29 Jan 2021 3 minute read 1 comment Marchioly
So, you've already got your Human Avatar ready and started mining? You're gonna go far, kid! Alien Worlds seems to be the most promising game on the blockchain (maybe dCITY should also be mentioned here), if you'd like to make a few bucks. After crea...
28 Jan 2021 3 minute read 0 comments willmingtonw
The Ethereum chain without the help of Matic is simply not suitable for frequent blockchain gaming transactions to take place as things currently stand at present. Ethereum can currently only process 15 transactions per second (This hopefully will be...
28 Jan 2021 2 minute read 0 comments Jimmy D
Hello everyone, and welcome back to another episode of EOSIO Weekly Update. This week Corey Cottrell and Jimmy D will be joined once again by Bonz Manifest of Prospectors. As those who follow us regularly are aware, EOSIO Weekly Update on Thursday...
27 Jan 2021 2 minute read 6 comments CryptoSnarf
Sorry, that's a bit dramatic. If you have been following along, you'll know I have joined the NFT world and I have hopped in board the many projects being built around the Wax Blockchain. I still don't know the mechanics behind how a blockchain truly...
