WAX WAXP Price

What is WAX (WAXP)?

WAX (WAXP): Revolutionizing E-Commerce and Gaming Transactions

WAX (WAXP) is a purpose-built blockchain that has been transforming the landscape of e-commerce and gaming transactions since its inception in 2017. Co-founded by William Quigley and Jonathan Yantis, WAX employs a Delegated Proof of Stake (DPoS) consensus mechanism, offering a faster, simpler, and safer platform for all parties involved.

Blockchain Architecture and Compatibility:

WAX's blockchain architecture boasts a 500-millisecond block time and zero-fee transactions, providing an efficient and cost-effective solution for users. It is fully compatible with EOS, utilizing DPoS to secure the network against the corruption of a significant minority of producers.

Key Features and Tools:

One of WAX's notable features is the WAXP-to-Ethereum (ETH) bridge, allowing token holders to convert WAXP into WAXE, an Ethereum-based ERC20 utility token. WAX has also developed a suite of blockchain-based tools supporting decentralized application (DApp) marketplaces and non-fungible tokens (NFTs). These tools include the WAX Cloud Wallet, SSO, OAUTH, a native RNG service, and a developer portal.

Unique Tokenomics:

WAX introduces a unique tokenomics model with WAXE and WAXG tokens. WAXE can be obtained by burning WAXP tokens through the Ethereum bridge, and staking WAXE tokens on the Ethereum distribution contract earns WAXG, an ERC-20 governance token. WAXG holders play a crucial role in governing the allocation and distribution of economic value on the platform.

Market Presence:

For those interested in acquiring WAXP, the cryptocurrency is available on various exchanges, including Binance, Crypto.com, Huobi Global, Upbit, HitBTC, Bithumb, and Bitfinex. This widespread availability reflects the growing recognition and adoption of WAX in the cryptocurrency market.

WAX in Gaming:

WAX focuses on revolutionizing gaming transactions by allowing users to trade non-fungible tokens (NFTs) through its platform. The WAX Random Number Generator (RNG) ensures fair random numbers for individual users, enabling the creation of smart contracts and enhancing the overall gaming experience.

Environmental Efficiency:

Noteworthy is WAX's commitment to environmental sustainability. With a Proof of Stake (DPoS) system, WAX is 66,454 times more energy-efficient than Bitcoin, making it an environmentally friendly blockchain solution.

The Future of WAX:

As gaming continues to be one of the fastest-growing sectors, WAX's ability to reduce transaction costs and create marketplaces for in-game assets positions it as a key player in the blockchain space. Its focus on NFTs and innovative blockchain features allows developers and gamers alike to seamlessly build and update games, marketplaces, and decentralized applications.

What is unique about WAX (WAXP)?

WAX stands out for its purpose-built blockchain designed for e-commerce and gaming, offering a 500-millisecond block time, zero-fee transactions, and a WAXP-to-Ethereum bridge for seamless token conversion. The innovative tokenomics model with WAXE and WAXG tokens, along with a commitment to environmental efficiency, further sets WAX apart in the blockchain space.

Who are the founders of WAX (WAXP)?

WAX was co-founded by William Quigley, a former Disney executive and venture capitalist, and Jonathan Yantis, currently serving as the Chief Operating Officer at WAX and OPSkins. Their combined expertise has played a pivotal role in shaping WAX's success in the blockchain industry.

Who are the backers/investors of WAX (WAXP)?

Wax (WAXP) investors are Signum Capital, BlockAsset Ventures, Pantera Capital and others.

Where can I buy WAX (WAXP)?

You can buy WAX (WAXP) on Binance, MEXC, Bitget, BybitGate.io cryptocurrency exchanges.