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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.
1 Jan 2025 3 minute read 6 comments TrocProcLock
Today I want to talk about a game I recently came across called God's Glory. Before we get into it though let's talk about the elephant in the room with all web3 games. This is a "Free to Play" game. However like all other web3 games at this point pr...
24 Dec 2024 3 minute read 0 comments WinterYeti
If you caught my article earlier this week on WAX's space game, Far From Home, then you'll also know the remaining ship packs to get the initial game assets were running out. Well, they sold out today. The original drop packs are gone. However, plent...
22 Dec 2024 4 minute read 4 comments WinterYeti
The WAX blockchain has been hurting for a long time needing a decent, long-term playing game. Most of the latest projects are either a rehash of a PFP collection chase, or a simplistic arcade game approach with minimal offerings, expensive buy-ins, a...
19 Dec 2024 2 minute read 0 comments RionWeb3
Wax Blockchain was once one of the leading blockchain networks for web3 games, having focused on blockchain games and NFTs at its creation, but is currently trying to expand into new sectors within the Crypto universe. Although there are many Da...
5 Dec 2024 6 minute read 2 comments Aaronaa
George sat on the crate, resting his elbows on his knees as he listened to Lilly tell him of her decision. Max added a few words about how he wanted to be part of the expedition, even though his health had failed him. When they were done, George...
4 Dec 2024 4 minute read 2 comments Biiim
So in this post we will talk about NFTs and how the marketplaces work. This is a very key feature on WAX as NFTs and trading is what WAX claims to be best at. From my experience it is a very good system and is quite easy to get into it and is set up...
3 Dec 2024 1 minute read 1 comment TrocProcLock
Today I wanted to talk to you about 'mining' $DUST on Discord. Now to my knowledge Dust was a thing on Telegram for a long time. I am not a fan of Telegram so I never got into it. Last week a Discord server I mod for added Dust World to its server. W...
2 Dec 2024 6 minute read 10 comments Aaronaa
In the dark, cool hold, Lilly cautiously peeked her head out from behind the fruit basket. Her gaze wandered over the stacks of crates, barrels, and sacks that filled the space. The sounds from the deck were muffled, and the only sound in the hold wa...
1 Dec 2024 3 minute read 0 comments Biiim
So once you have the Wombat app, getting started on a game called Wombat Dungeon Master is very easy. This is a game made by the same team as the app. I'm not actually doing this from an affiliate angle(thought im taking the opportunity) but it is j...
28 Nov 2024 1 minute read 0 comments Biiim
So what is WAX. Wax stands for Worldwide Asset eXchange and WAX themselves state that they are a specialized infrastructure for building digital goods marketplaces. https://www.wax.io/ So what does this mean for us? Well what WAX has turned into is...
