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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.
20 Jun 2023 2 minute read 2 comments SamEngr
To mark the beginning of Atomic Hub GameFest which started on 19th June 2023 and connected all gamers on the WAX blockchain to showcase a range of leading web3-powered games across multiple genres, and compete for a $3,000+ prize pool, Atomic Hub ann...
15 Jun 2023 1 minute read 2 comments servelle
REALM NFT is a highly addictive Play2Earn strategy management game on the WAX blockchain. It's possible to play it in Free2Play, but you don't earn much, although it's still great fun to play.I was lucky enough to benefit from a giveaway in the game...
11 Jun 2023 2 minute read 0 comments UltraDec
Acryptia. Taco's card game where you complete as many floors as you can against Rug'O, the card dealer, as he sends stronger and stronger monsters at you. It's a simple game to get the hang of and, especially compared to many games on the WAX blockch...
10 Jun 2023 3 minute read 0 comments UltraDec
While it may have never 'died', Alienworlds has for sure had some dark days. As I outlined here, by the end of 2021, Alienworlds was in a bad place. NFT mining had been paused for months, bots were sucking the life out of the TLM pool and the only me...
9 Jun 2023 2 minute read 1 comment UltraDec
So it's been almost 2 years since I wrote this (link to the post in which I covered some pros and cons about getting into Alienworlds at the time) so I figured I should do a bit of an update to make it more accurate for the current state of Alienworl...
8 Jun 2023 2 minute read 1 comment UltraDec
It's devastating. So much WAX saved by evading those fees which clipped off a chunk of every sale or forced you to pay more than the seller would receive. But no more. Never again. Not now that AtomicHub has removed the feature to back tokens to an...
7 Jun 2023 1 minute read 8 comments KylinVDM
Pride month used to be something I dislike. I grew up conservative christian where things like "It's Adam and Eve not Adam and Steve" were said. The idea of marriage was man + women with kids later. I absorbed the low-key homophobia, transphobia and...
6 Jun 2023 2 minute read 0 comments UltraDec
So some of you may remember a post from almost 2 years ago (this is the link) in which I shared my experience as an Alienworlds player using a legendary tool and discussed whether or not I found it worthwhile. To put it simply... I did not. I was bar...
4 Jun 2023 3 minute read 4 comments Datajunky
Hello, Crypto enthusiasts! Are you familiar with the WAX network? If not, you're overlooking a world of thrilling gaming experiences and a vibrant community. WAX is an NFT-friendly blockchain platform that is rapidly becoming a hub for some seriously...
3 Jun 2023 1 minute read 0 comments SamEngr
The WAX Blockchain is known as the most proven Web3 ecosystem for Gaming and NFTs. It's a home of entertainment for those that enjoy playing games and are set to earn NFTs as rewards. We have seen different projects building on the blockchain to make...
