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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.
22 Feb 2023 2 minute read 4 comments Crackers
Have you heard about Blockspingaming yet if not lets give you some small details about them they are based in six different countries across the world and this is there second game they have built there first one is Pipupwarlords you can check that p...
21 Feb 2023 2 minute read 17 comments TrocProcLock
Unfortunately for us we live in a world where there are lying cheating assholes. I would be lying if I said I never fell for a scammer but Fool me once shame on you. Fool me twice shame on me. That is something most everyone lives by who has gotten s...
18 Feb 2023 2 minute read 21 comments Hob
In this article, I will explain how to blend NFTs from the HeroesOnBike collection on WAX blockchain using NeftyBlocks' Blender. In particular, I will show you how you can obtain a series of NFTs representing the initial stages of Italian artist Ca...
16 Feb 2023 1 minute read 0 comments Dark Country
Welcome to Dark Country! We are excited to address several topics raised by our community before. Thus, we're committed to keeping our gamers informed about important details, so please check out our Gitbook for the latest tokenomics version here. No...
13 Feb 2023 1 minute read 0 comments KylinVDM
So if your on my discord and have been doing the /work and /walk commands you have likely earned a fair bit of maple coins and some items. Well now you can do some things with them. If you have blueberries you can use the /redeemblueberry command an...
12 Feb 2023 4 minute read 0 comments Crackers
Right you mightn't know the name but this artist has been around for a while his first project was Order of Other I recently caught up with him to see what's going on and my god he is a very busy man. Hey man Heya Bud. How are things going? Good and...
10 Feb 2023 4 minute read 0 comments Crackers
I think this is a first for me a project creating NFTs around a club in a Wax game now this isn't his first project his old project had to stopped due to outside influences but he has now created this project and I have to say the concept is really c...
10 Feb 2023 2 minute read 6 comments dai-
I have been consumed by the Taco Universe, micromanaging all my assets, playing Acryptia every day, and keeping up to date with all the upcoming features and events. I've played Taco Universe for about 3 weeks now. I decided to pour in some investmen...
9 Feb 2023 2 minute read 0 comments dai-
NFTs, which started out as a passing trend, have continued to gather momentum and now have an impact on virtually every aspect of our lives. Their popularity is on the rise as both established brands and new entrants aim to incorporate them into thei...
8 Feb 2023 4 minute read 1 comment handtalk5
This is a tutorial for people who would like to create their own NFT collection using pictures generated by Artificial Intelligence. All you are going to need is: • An account on the WAX blockchain• A little bit of RAM on the WAX blockchain. This wil...
