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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.
6 Feb 2022 7 minute read 2 comments Crackers
If you haven't seen the buzz over the last week about WAX Blockchain attracting artists from Opensea where have you been and this week alone I have been tagged in eight or nine posts about this artist so I had to check her out and her work speaks for...
6 Feb 2022 1 minute read 1 comment Farfalle
For The Birds is an original series of pixel art featuring birds of the world and a playable katamari game in development.Proceeds are donated to the World Land Trust, an organization that protects rainforest around the world. 290GBP has been donated...
5 Feb 2022 3 minute read 5 comments Crackers
Thanks to MICHAELKINGOGKING on Twitter for giving me the heads up on this project which at the moment is still quite young and is still a discord channel but has great plans and thanks to the creator Daniel for chatting to me about it . Hey Hi How y...
2 Feb 2022 3 minute read 0 comments Crackers
I am planning a brand new blog all about the new drops coming that week before these guys hit me it just proves we need it for the community it will be coming soon . But these guys drop is coming even soon so when they said would I like to chat about...
1 Feb 2022 8 minute read 3 comments Crackers
I meet this artist when I was on Noise.cash and I liked his work the project is still quite new in the NFT world but its quite a different project to most projects out there I haven't seen another project on bikes on WAX yet . Francesco from the team...
31 Jan 2022 3 minute read 3 comments Muphasas
I write this article to tell my personal experience with the WAX blockchain.The focus is on the way I discovered the different projects and how I have decided to take part to them.I won't go into explaining how the blockchain works, which is quite pe...
29 Jan 2022 3 minute read 3 comments Crackers
I have been dying to get this interview for a while its a project based right out of this world lol but its a really cool project that has plenty of blending of some great NFTs so I had to find out more about this project and it looks like a great pr...
20 Jan 2022 2 minute read 0 comments achim03
Some time ago, I have sold NFT's on the WAX blockchain and since then, I was always looking for a way to get a return on my WAX tokens. On WAX, there aren't that many opportunities to stake tokens and get a good return. You can stake wax on the b...
20 Jan 2022 13 minute read 2 comments Crackers
A small introduction from the artist So my name is Sonny. On just about every platform I go by iHustleForIt so whatever you want to use or both. and of course Colorfullife is the project. The name colorfullife was spur of the moment too..... I couldn...
19 Jan 2022 2 minute read 3 comments SirLRonHODLer
The TACO app has taken the WAX blockchain by storm! Not only does the TACO app tie the whole ecosystem together on your phone, but their native token TACO is filled with incredible utility (Also read: How to add TACO to your WAX Cloud Wallet). Recent...
