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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.
27 Jan 2021 3 minute read 1 comment Mikasamejias
Hello friends. I don't consider myself an expert on Tombstone like challenges in Prospectors game, but I do know a bit about the crazy dynamic in this type of game. What to do in this world? 1-Make money2-Make money3-Make money Assuming you didn't p...
27 Jan 2021 2 minute read 5 comments EasilyRich.com
Get on the hype train! How to buy crypto NFT’s on WAX. Some of you may be wondering what is WAX, how can I get some, and where do I sign up? I am here to give you a quick rundown on buying NFT’s on WAX network. First of...
27 Jan 2021 2 minute read 13 comments CryptoSnarf
I'm talking about the WAX Blockchain. I recently discovered the world of #NFTs, as I touched on in my last post. I have since gone a bit deeper to explore how the NFT ecosystem really works. And I must say, I am quite impressed with what I have found...
25 Jan 2021 6 minute read 5 comments Chris Roberts
I've heard a lot of people say that 2020 will be remembered as the "year of the NFT." It's true, a lot of the most solid non-fungible token projects began in 2020, in spite of the widespread chaos that many would say was unfolding in the IRL world....
25 Jan 2021 2 minute read 0 comments Jimmy D
First of all, a very special thanks to all those who have been joining us live and sharing our content with the world. We just love going LIVE every day with you all. There will be times however, that living requires our ‘live’ to be slightly tail...
24 Jan 2021 2 minute read 9 comments GROUNDx
EN /// Hello crypto community! I haven't made any publication for a long time, today, Sunday, I'm at home on the street, it's raining and I've had a little more time for myself.I want to share with you something in which I am going to participate, of...
23 Jan 2021 1 minute read 1 comment Shimmy shim
Democracy is in the air. After watching the USA elections finaly culminating in the appointment of a new president, it's time for the democratic vote for best NFT project on the WAX blockch...
23 Jan 2021 2 minute read 162 comments CryptoBlonde
2021 keeps bringing lot of surprises and this time i'm pleased to announce a new collaboration with Alpaca Worlds and for that, nothing better than doing another AWESOME GIVEAWAY. Make sure you keep an eye on the Alpaca Worlds Twitter and Alpaca W...
23 Jan 2021 6 minute read 14 comments Khazrakh
I've been following the development of Alien Worlds very closely ever since it released into its first playable Beta version. So far, you're only able to play the mining game to find TLM (the game's token) and new NFTs. Yesterday evening, they releas...
22 Jan 2021 1 minute read 0 comments cMasta
Are you playing Alien Worlds? If you've been playing for a little bit, then you have probably found at least one NFT you can't use yet. I got an extra Standard Shovel and sold it for 0.6 WAX on the marketplace... Which you can do, sure, but did you k...
