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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.
30 Apr 2021 1 minute read 0 comments Qaraqol
All-In-One Guide For WAX Backed Tokens---Trade WAX NFTs Safely Without Fee Introduction: There's is a feature most people don't know about in the WAX Blockchain. In this guide I will be going over what they are, why to use them, and how to create the...
29 Apr 2021 2 minute read 2 comments WinterYeti
I've been fiddling with Alien Worlds for some minor easy income for NFTs and a little bit of cash back to my KuCoin account, which for the last week was working pretty good. I wasn't striking gold, but I was moving about $1-3 a day, turning it into E...
29 Apr 2021 2 minute read 0 comments tstn
tl;dr You might be getting a, "not enough CPU" error on Alien Words like l have been, and here's my attempt to help you with that. They'll attack whatever's in front of them—as long as you tell them where that is. - Quote on Mogg Flunkies Magic Card...
29 Apr 2021 4 minute read 30 comments TrocProcLock
Look the roller coaster ride of Alien Worlds has been crazy. Before the "reckoning" plenty of us were just picking tools we had on hand to mine with and picking a plot of land that either had a good NFT rate or TLM rate. And doing that earned us a de...
29 Apr 2021 1 minute read 5 comments SBenbow
Wow, the WAX world sure is complicated when it comes to transactions. There are numerous articles on how RAM, CPU, and NET work on the WAX network. But I am still confuddled about how it is calculated, and why it is so random. My Problem On Alien Wo...
29 Apr 2021 2 minute read 5 comments jfang003
image source There were some changes and concerns I have towards the World Asset Exchange (WAX) block chain since my WAX overview post. As a result of a large increase of users, they have made a few different changes to the block chain. I still thin...
28 Apr 2021 3 minute read 0 comments The GCC
Who doesn’t want to get paid for playing video games? This series follows applications, some of which are borderline games at best, that claim to reward users with cold hard cash (or gift cards). In my pursuit of extra cash to blow on games, or Steam...
28 Apr 2021 1 minute read 0 comments RedRo
There exists, throughout the vastness of dimensions, on every known and unknown planet in the entirety of the galactic systems, an order, they are known simply as oRdeR of Other. This order have been watching over the omni verse for eons uncounted,...
28 Apr 2021 2 minute read 0 comments Elias Hudson
Trading cards have been a staple of first-world consumerism since their introduction by Topps in 1951. Most Gen-X kids remember these items with the faces of their favorite sports heroes, while millennials and zoomers are more likely to have fallen i...
28 Apr 2021 6 minute read 26 comments Absolute Unit
Since it first became an idea Blockchain Gaming always seemed to be 2-3 years behind traditional gaming, at least when comparing graphics and gameplay. Lately though, there's been a changing of the tides. As I was doing the research for this piece, I...
