PWhat is WAX?
WAX is a platform aiming to tap into the online gaming industry by giving users the chance to create a fully functioning marketplace for online video game asset such as weapons in games. WAX has its own token (WAX token). The current WAX price is $0.802023 USD, with a trading volume of $477,963,282 USD in the last 24 hours. Our WAXP to USD pricing is increasing in real-time.
WAX (WAXP) is a purpose-centric blockchain since the year 2017 with the goal of making e-commerce transactions faster, easier, and more secure for all parties. The WAXP blockchain’s consensus mechanism is DPoS. It works flawlessly with EOS.
The WAXP-centric unique features and incentive mechanisms are aiming at optimising the blockchain’s value for usage in e-commerce, with the goal of promoting proposal voting.
To make this possible, WAXP centric a set of blockchain-centric tools that can be used to establish DApp markets and non-fungible tokens.
Famous markets to deal in WAX
The WAXP cryptocurrency is most famous cryptocurrencies for its immense contribution to the cryptocurrencies ecosystem. This cryptocurrency is highly popular on all DeFi exchanges. Numerous exchanges are actively trading in MATIC coins. Such crypto exchanges are Binance, Mandala Exchange, Upbit, Huobi Global, and KuCoin.
Features of WAXP token
WAX has a WAXP-to-Ethereum (ETH) bridge that allows WAXP token holders to transfer their tokens into WAXE, an ERC20 utility token based on Ethereum.
Users interested in WAXP tokenomics must burn their WAXP tokens in order to obtain WAXE over the Ethereum bridge. The WAXE tokens must then be put on the Ethereum distribution contract.
WAXG is an ERC-20 governance token on Ethereum that is with to WAXE stakeholders. The allocation follows a predetermined schedule and is proportional to the WAXP Economic Activity pool’s percentage. As a result, token holders have control over the allocation and distribution of economic value on the network.