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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.
29 Mar 2021 3 minute read 11 comments Thomas Wolf
I went to swap some WAX to fiat recently to discover I couldn’t; typical services such as ChangeNOW and Newdex were not currently supporting the WAX network, but I found a solution with KuCoin. “If opportunity doesn’t knock, build a door.” ― Kurt Cob...
29 Mar 2021 2 minute read 2 comments Superpuft
It's taken me well over a month to get to this point. I've been pushing bubble promo's this whole time trying to drum up interest in my projects. Now the time has finally come for my main projects first chapter release!Heart of Wood's first chapter r...
29 Mar 2021 1 minute read 2 comments peakcreative
You can earn Santa Mining NFTs by playing AlienWorlds or participating in our events. By mining on any of the terrains listed below or participating in mining competitions, you can earn SantaMining bonus rewards in addition to in-game rewards. www....
29 Mar 2021 1 minute read 3 comments Ignis fatuus
With the recent NFT craze I wanted to find ways to speculate. I don't have a lot of money to lose, i don't understand a thing about art and my car needs repairs. That mechanical wonder is using petrol and a lot of heart to get me to work. So instead...
29 Mar 2021 3 minute read 2 comments bmjc98
Before anything else, feel free to read my first few articles about NFT. Check out the links below: Newly Found Love: My NFT Collection My NFT Collection (Part 2) NFT 101: How To Buy WAX? NFT or Non-Fungible Token has been my new favorite lat...
29 Mar 2021 3 minute read 8 comments Laurenceuuu
One of the trend in crypto space is what we called NFT or Non-fungible Token. There's a lof of platform where we can buy, send, and store our NFT and one of them is Atomichub. Now, to be able to use Atomichub constantly, we need to have this thing ca...
28 Mar 2021 1 minute read 1 comment Ignis fatuus
I had great expectations for R-Planet. You could stake NFTs. The game that was going to be released seemed interesting. After grinding alien worlds cards and kolobok prizes I had 100000 Aether. I bought 4 elements. I put them in the generator. I lo...
27 Mar 2021 2 minute read 0 comments aaaaaaaaaa
On Friday this week, the Leonard Nimoy Digital collectibles were released on the Worldwide Asset eXchange (WAX). The initial offerings were 'Standard Packs' with 10 'shards' and 'Mega Packs' with 30 'shards', priced at $10 and $25 respectively. Ther...
27 Mar 2021 2 minute read 1 comment lasthero
So after reading about all these articles about NFTs and just in general pondering how interesting they were from the perspective of content creators. Its essentially taking some power back from middlemen such as art galleries or production labels,...
27 Mar 2021 2 minute read 6 comments Allen Taylor
When I first heard about non-fungible tokens (NFTs)--not long ago, actually--I found them to be nothing more than a curiosity. Then Cryptowriter decided to airdrop NFTs to members of the community. I ran--and did not pass Go or collect $200--to WAX's...
