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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.
7 Mar 2022 1 minute read 4 comments Pixel Tycoons
Pixel Tycoons is a Nft Collection, in which you only need to own the right combination of Nfts to start producing more every week! This Collection was born a bit over 6 months ago, starting with gamificarion aspects since day one up to the current da...
7 Mar 2022 1 minute read 0 comments NFT Journalist
About me I am a Portuguese Freelancer on the Music and NFT space. The Blockchain Technology brought me hope for a better future. Finding about NFTs has changed my life dramatically. Soon I realized how versatile and empowering that can be, for both...
7 Mar 2022 1 minute read 4 comments mikedcrypto
Hello everyone, Mike D here. I was referred here by my friend Robert (The Part Time Economist). I will be sharing all of my articles and videos here from now on. Hope you enjoy this tutorial... Trying to find out how to mint NFTs on WAX blockchai...
6 Mar 2022 3 minute read 6 comments Crackers
So I recently had the chance to chat to Flid from the team all about there project this is a three man team . There NFTs are really cutie but some might say they are have been caught in some famous poses and scenes have to say I find this project ver...
4 Mar 2022 3 minute read 2 comments lasthero
Its been a long time since I've posted here and in that time a lot has happened. Work has kept me consistently occupied and enjoying time with family is one thing I've done more of ever since the pandemic has been raging on. Really the pandemic mad...
4 Mar 2022 2 minute read 22 comments Crackers
I recently had Broken Dollz on for a meet the artist I have know this artist for a while and he had only recently returned with a new series but now he has just leveled up with another series called Waxtrige I have to say when I seen it I thought it...
2 Mar 2022 5 minute read 21 comments Crackers
Here we are again here is an artist that started of in Opensea but decide to join WAX blockchain his NFTs are quite quirky buy have gather a little following so I had to try get the low down on his project and what was his ideas behind the project ....
28 Feb 2022 6 minute read 2 comments Crackers
This is how this artists describes herself . Painter/Drawer/Digital Artist deriving from Queensland Australia.Abstract art and sometimes Trash Art is my style. With a side of oddities, curiosities and all things dark and degenerative my style is a n...
26 Feb 2022 1 minute read 1 comment Ottomaton
I first bought some WAX a while back in order to play a game, of course. I was diligent in collecting my daily staking rewards, because...free tokens. Sure, it's not a lot, unless you stake a pile of them, but free is good. Recently though, I discov...
26 Feb 2022 6 minute read 0 comments RedRo
I haven’t done one of these in a while.. Been a minute? Order of Other is officially a month or two away from being one year old! Time to celebrate a few milestones: We reached 1k Discord members, and now have a community of 1054 Discord member...
