The live price of WAX (WAXP) today is 0.083553 USD, and with the current circulating supply of WAX at 3,417,348,794.37 WAXP, its market capitalization stands at 285,529,696 USD. In the last 24 hours WAXP price has moved ? USD or 0.00% while ? USD worth of WAXP has been traded on various exchanges. The current valuation of WAXP puts it at #236 in cryptocurrency rankings based on market capitalization.
Learn more about the WAX blockchain network and how it works or follow the price of its native cryptocurrency WAXP and the broader market with our unique COIN360 cryptocurrency heatmap.
Worldwide Asset eXchange (WAX) is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. Developed by the founders of OPSkins, the world’s leading marketplace for online video game assets, WAX is designed to serve the 400+ million online players who already collect, buy and sell in-game items.
WAX is built on a custom blockchain, which is a form of a Delegated Proof of Stake (DPoS) system.
WAX uses a Delegated Proof of Stake (DPoS) consensus mechanism, which is a more efficient and scalable version of the original Proof of Stake (PoS) mechanism. It allows for higher transaction volumes and faster transaction times.
WAX operates on a custom blockchain, which allows for the creation of digital assets, called NFTs (Non-Fungible Tokens). These NFTs can represent ownership of a wide range of assets, both digital and physical.
WAX has several key features that make it unique and powerful:
WAX's DPoS consensus mechanism allows for high transaction volumes and fast transaction times, making it highly scalable.
WAX's blockchain technology ensures the security of transactions and ownership of assets.
While transactions are public on the WAX blockchain, the identity of the parties involved in the transactions can remain private.
WAX is a decentralized platform, meaning it is not controlled by any single entity. This ensures fairness and transparency.
The WAX project is spearheaded by the team behind OPSkins, a leading marketplace for online video game assets. The governance of WAX is carried out by the holders of the WAX token.
WAX has a wide range of potential use cases, from gaming to the creation and trading of digital and physical assets. It has the potential to disrupt traditional marketplaces by providing a more efficient, secure, and fair platform for trading assets.
WAX can be purchased on several cryptocurrency exchanges, including Binance and Huobi. It can be traded for other cryptocurrencies or for fiat currencies.
WAX can be stored in a variety of wallets that support the EOSIO software, including the WAX Cloud Wallet.
WAX has partnered with several gaming companies to provide a marketplace for their in-game assets. These partnerships include companies like CryptoKitties and Decentraland.
The future plans for WAX include further development of their platform to support more types of assets and to provide a better user experience.
Like any blockchain project, WAX faces several risks and challenges. These include regulatory risks, technological risks, and market risks.
WAX has a strong community of users and developers who are passionate about the potential of blockchain technology to disrupt traditional marketplaces.
WAX is committed to complying with all relevant regulations in the jurisdictions in which it operates.
In conclusion, WAX is a powerful and innovative platform that has the potential to disrupt traditional marketplaces. With its strong team, unique technology, and passionate community, WAX is well-positioned to become a leader in the blockchain space.