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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.
25 Jan 2023 4 minute read 2 comments Crackers
This is a new project that launch late last month all the NFTs are hand drawn and each new NFT seems like it is getting better and better but as the creator explains its going to be built around a story and as its still a very new project now is the...
25 Jan 2023 1 minute read 0 comments Steve Hodl
Hello Play2Earn Gamers! This week after the suggestion from @bozz I have been playing The 7th Seal which is a great game available on the Wax blockchain. The developers behind the game originally made over $250k from land sales from the game and used...
24 Jan 2023 5 minute read 0 comments dai-
After being in the NFT gaming scene for awhile now, seeing all the empty promises and abandoned projects. There is one project that truly stand out and delivers to it's audience at an incredible pace (especially compared to these other games), TACO....
22 Jan 2023 4 minute read 3 comments Crackers
The Dingleberries is a collection like no other brought to you by Jonathan Hernandez a local Los Angeles street and tattoo artist who's dedicated his life to creating new, colorful and distinguishable art. But the man who looks after the NFT side of...
21 Jan 2023 1 minute read 0 comments Novasky
Who doesn't like farming games? I am sure there are very few of the people who don't like farming games. Now the farming games come in various types. Some are bakery based, some city and town building based and some pure farm based. I have been keepi...
20 Jan 2023 11 minute read 2 comments Buckizard
My previous articles in connection to this: 1. Background 2. Gaming-Crypto-CryptoGaming 3. Let WAX Games Begin A lot of WAX games are gonna get mentioned in here. The opinions are mine - don't get mad if they aren't your opinio...
20 Jan 2023 3 minute read 7 comments PVM
Commander PVM from the Terran Battlecruiser Morningstar reporting for duty! My journey started over one year ago, and the ship engines never had time to cool down! The cargo is now full of alien artifacts, while warping through portals to battling r...
19 Jan 2023 6 minute read 2 comments Crackers
Where do I start if you didn't know Dygycon is dead the last event that happened was in November which was Splinterlands last time to sponsor it but all is not lost as out of the ash's something amazing has come from it a new event thanks to Waffles...
19 Jan 2023 10 minute read 6 comments PVM
The Man of Tomorrow series often presented some insights from my day-to-day life, how I spend my time, and those little motivational stories that will make you more ambitious. I wanted to review 2022 and done it in two parts, presenting the dark a...
17 Jan 2023 7 minute read 0 comments Crackers
Right if you haven't come across this WAX game where you been this a brilliant side pixel scrolling game NFT that has numerous NFT characters you can play as and different rarities you even play with me as your character he has so much more planned i...
