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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 Jun 2021 4 minute read 3 comments Leviticus
Anyone playing Alien Worlds at the moment has to navigate constraints on CPU time. The game runs on the WAX network, which doesn't charge gas fees, instead allocating each user a limited portion of CPU time according to the amount of WAX they stake o...
10 Jun 2021 23 minute read 4 comments Chubbie149
In a little over 5 months I have made just under $2,000 profit on the NFT market, this is in a down crypto market no less. NFTs are unique in that the markets are more or less unaffected by the crypto market. EOSIO variants like HIVE an WAX or just...
9 Jun 2021 7 minute read 0 comments FunnyMunnyFunk
Calculating Potential Liquidity Staking Profits On Alcor Exchange If you are planning on liquidity staking on Alcor but aren't quite sure if its worth it or, even worse, have no idea what you're doing (lets face it. Usually you don't.) there are a...
9 Jun 2021 2 minute read 3 comments Leviticus
Alien Worlds was one of my first steps into crypto. I saw that they are partnering with Binance for the forthcoming 'Planet Binance' missions so I figured Binance would be the simplest place to buy some TLM to use in the game. It was more complicated...
8 Jun 2021 3 minute read 0 comments NickoGibson
A game about decorating an office apartment with NFTs. And now there's some more stuff to do in the office. Play for Free on Mverse.Cloud You can list your NFTs from an 0x address or WAX and print out the items . Scale them, and pin them on a wall,...
8 Jun 2021 1 minute read 0 comments Non Fungible Drugs
Hey guys! Tomorrow our Promo Campaign will officially start. What is it about? We will release one sticker each day, two times a day: 8am UTC - 8pm UTC, because we want everyone to be able to participate. There will be ten stickers in total. These s...
7 Jun 2021 6 minute read 2 comments Timmytushoes
So you want to get into NFTs and Crypto and are not really sure where to start, especially with NFTs Wax Wallet is your all inclusive answer to get you access to almost all NFT related marketplaces with one of the largest growing NFT Wallets. So, Wa...
7 Jun 2021 2 minute read 4 comments Non Fungible Girls
Non-Fungible Girls, where every girl can be a model Hello, do you want to give additional visibility to your Instagram profile in an innovative and free way? Our project involves the creation of collectible NFTs, on the WAX blockchain, of artworks...
6 Jun 2021 3 minute read 1 comment Good$ News Podcast w/ Micah Dewey
This past week has been a bit slower for the CAIT team but we do have a couple of interesting things to share with the community including our new Uplift.world plot along with the massive success of Metal War Game and an update to the LP Rewards prog...
6 Jun 2021 3 minute read 15 comments Sir Snorfkin
Welcome to weekly Snorfkingdom updates! As you all may have recently seen, the summer of Snorf is here. With all the work going into the new NFTs, website, and more, there hasn't been much time to look into a new game or project for a deeper article....
