WAX

What is WOSK?

WAX Coin, or WAXP, is a protocol token built into the WAX ​​platform. Last thing Web3 ecosystem based on specially created blockchain technologies. It’s centered around NFTs and GameFi.

WAXP is one of three tokens that underpin the WAX ​​platform. Two others WAX and WAX. The WAXP token can be converted into WAX is a utility token based on the ERC-20 token standard. On the other side, VAKSG serves as a governance token. It can be earned by staking WAX tokens.

In addition, WAXP owners are eligible to receive bet reward by staking your tokens on supported wallets such as Lynx or Scatter. Next step vote on the WAX ​​blockchain. Stakers can vote in guild voting, proxy voting, and worker proposal voting. By casting their vote, holders receive a WAX stake reward.

Like most cryptocurrencies, WAX’s price is subject to volatility. To make an informed buying decision, you can take a closer look at WAX’s price history in the chart above.

What are the main characteristics of WAX?

WAX means Worldwide asset exchange. As mentioned in What is WOSK WAX section is a blockchain-based platform. One of its main features is blockchain WAX.

The WAX ​​blockchain is EOS-compatible blockchain which provides the tools needed to launch blockchain-based projects. It is mainly focused on NFT collections and GameFi projects, however WAX can be used for dApps, marketplaces and exchanges, as well as many other projects.

There are over 30,000 unique dApps running in the WAX ​​ecosystem. Some of the most popular projects on WAX include Funko, Capcom, Topps, and Blockchain Brawlers.

The WAX ​​blockchain works using Delegated Proof of Stake (DPoS) consensus mechanism. When it comes to block production, WAX guarantees that one block will be produced. every 0.5 seconds. This means that users can benefit from almost instantaneous transactions. Moreover, no transaction fees on the WAX ​​blockchain.

E-commerce operations are supported by exclusive WAX ​​products and services, including Cloud wallet WAX, SSO and OAUTH.

Developer wax hive is an educational platform in the WAX ​​ecosystem where users can view WAX documents, code samples, and other educational content.

The WAX ​​community is filled with people from all backgrounds, including collectors, creators, gamers, sellers, dApps, and game developers.

WAX claims that completely carbon neutral. This means that WAX does not require a huge amount of computing power to run. According to WAX, it only uses 0.000223 Terawatt per yearunlike Ethereum, which uses up to 28, or Bitcoin, which uses up to 72 terawatts per year.

This puts WAX in an advantageous position compared to other major players in the blockchain industry such as Ethereum or Bitcoin.

According to the website, WAX receives over 500,000 daily visitors, has over 13,000,000 user accounts, and has processed over 23,000,000 transactions.

Be sure to check the current price of WAX in the chart above before making a purchasing decision.

Who developed WAX?

The WAX ​​cryptocurrency project was founded Jonathan Yantis and William Quigley in 2017.

Before founding WAX, Jonathan Yantis worked as an electronics engineer in the US Navy. He is currently the CEO of WAX and OPSkins.

William Quigley successfully completed his studies at Harvard and received an MBA degree. After his studies, William Quigley became a venture capitalist. Prior to founding WAX, he served as Managing Director at Idealab.

WAX was not his first project in the crypto sector. William Quigley has been involved in huge blockchain projects such as Tethermain stablecoin pegged to the US dollar, GoCoincryptocurrency payment platform and Mastercointhe first ICO platform.