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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.
10 Dec 2021 1 minute read 5 comments Kuroshio
Greetings fellow P0X users. Keeping with the spirit of the gift giving season, the time has come for me to do a giveaway of my first NFT series Coenobitae, also known as Land Hermit Crabs in Layman's terms. I will give away one crab (there are 14 kin...
2 Dec 2021 1 minute read 0 comments KHubbard
WAX Blockchain has been chosen by Sony Pictures and AMC Theatres for Sony Pictures' Spider-Man: No Way Home NFT Promotion, the first ever NFT promotion between a studio and a major theatrical exhibitor. The decision to utilize WAX blockchain was bas...
1 Dec 2021 2 minute read 0 comments CryptozNewb
Here are five crypto gaming sales happening this week that you might want to keep an eye on! Riot Racers Driver Sale (Dec 1st and 2nd) How can you race a car without a driver? Riot Racers has that aspect covered with their sale of Driver NFTs, begin...
30 Nov 2021 7 minute read 0 comments Chubbie149
Hindsight is 20/20 it's easy to spot a NFT collection or crypto once it spikes to the Moon. This is why I think that I will try to predict the future, & point out some more NFT projects that currently are under performing. My track record is fairly...
29 Nov 2021 1 minute read 0 comments dai-
AMC is at the forefront in pushing crypto into the mainstreams. Where earlier this month, they have announced that they would implement cryptocurrency as a form of payment in the near future, today they have announced that they will be giving away NF...
28 Nov 2021 7 minute read 4 comments Hermitworldwide
My Banano Trip Round about a year ago I started getting serious with the whole article writing thing and that's how I stumbled upon Banano on publish0x. I however already had known about banano round about another year back a dear friend of mine se...
22 Nov 2021 5 minute read 0 comments dai-
If you have been following my post, you would know that I am quite invested in the WAX blockchain and a bunch of game projects that lives within it. Projects such as Alien Worlds, Farmer World, R-Planet, NFT Stonkers, and much much more can be found...
20 Nov 2021 1 minute read 1 comment Jaymacrypto
I have been collecting Nfts for several months now and I think back and remember when i had 10 or so....now i own 1,238 of them and dont really know what to do with them. They are on the Wax Blockchain and you can find some of my listings and check o...
20 Nov 2021 3 minute read 0 comments funmanbobyjo
funmanbobyjo is an air drop based NFT game on the wax chain that you can play for FREE! This is a great way to get into wax and potentially make a little wax when you start to sell free, limited time only funmanbobyjo NFTs. funmanbobyjo collection i...
18 Nov 2021 2 minute read 0 comments Hypothetical
WAX is a blockchain, released in 2017, that was created to help speed up digital transactions. WAX furthered its design by making their technology simple and safe to use. WAX uses delegated proof-of-stake (DPoS) as its consensus mechanism. DPoS is a...
