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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.
16 Mar 2021 3 minute read 15 comments CryptoSnarf
$WAX doesn't grow on trees. So, I am actually a little late to the game when it comes to taking advantage of services and platforms to get $WAX. But as they always say, better late than never and that holds true for $WAX as well. There are so many d...
15 Mar 2021 1 minute read 1 comment SteveR82
Okay, I almost didn't want to make this video. Because I could have just kept trying to make money this way but it feels a bit wrong. That is why I sold one card undervalue. Over time this will go away but in the end, the cards should have a highe...
15 Mar 2021 6 minute read 1 comment Chubbie149
Given the fact that there has been a dramatic Rise in the Market price of WAXP recently it seemed like a prime opportunity to do a tutorial on the wonderful world of WAX wallet NFTs. Types of WAX- WAXE, WAXG, & WAXP There are a few forms of WAX with...
14 Mar 2021 1 minute read 4 comments cMasta
Here's the drop! Now that your bloodstream is supersaturated with glucose, click on that link as quick as you can! ... Then you can go back to gorging yourself with pie. I hope you get/got a slice of the proverbial pie already, but even if you didn'...
14 Mar 2021 3 minute read 0 comments niallon11
The crypto space right now is one that's full of opportunity for those who are watching closely. It pays to be the first person in the door to a good project and on WAX blockchain it can pay even better. WAX have been making huge strides in the area...
14 Mar 2021 2 minute read 0 comments Jimmy D
Welcome to the second episode of #DACATHONGAMING on w/ Corey Cottrell & Jimmy D where we welcome our good friends UpliftGreg, Michael of EOS USA, and Lisa Chandler of Krown DAC. ******** w/ Corey Cottrell and Jimmy D is a series of weekly themed e...
14 Mar 2021 4 minute read 1 comment Jimmy D
#DACATHONgaming is an informal community virtual conference focusing on building together. Our economy will be transformed with Decentralized Autonomous Communities (DACs)in the future. We are the pioneers of this new future. There’s more to crypt...
14 Mar 2021 1 minute read 16 comments CryptoBlonde
After you applied for the draw, it's time for CRYPTOBLONDE and SOMETIMESNFTS share the LOVE !!! This draw was sponsored by and SOMETIMESNFTS. Don't forget to keep supporting the team passing by their twitter account and say thanks ! The followi...
13 Mar 2021 2 minute read 0 comments BennyBumbi
Blockchain and cryptocurrency are changing everything, it’s like the gateway to the next face of humanity's era. We saw that with the invention of electricity and many others. The disruptive nature is so great and with so much speed a lot of us have...
13 Mar 2021 1 minute read 0 comments SteveR82
What a fun day it was at Dygycon. I got to talk with some fun people run around the event and even finish the quest that was out there thanks to the Gravy Gang. It was fun to hear from the Superworld people and the Gala Games crew along with project...
