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 coin is designed to serve the 400+ million online players who already collect, buy and sell in-game items. Harnessing the power of blockchain technology, WAX Tokens are utility tokens that allow virtual goods – and not just for use in video games – to easily be tokenized and exchanged for cryptocurrency. The smart contract underlying the transaction acts as the mechanism that permits trustless trading between buyers and sellers.. The WAX Platform will allow millions of traders to create their own virtual stores on one decentralized platform, providing instant payments, security, and trust services that will bring millions of new participants into a growing ecosystem. The WAX platform allows the global pool of buyers and sellers to access a global supply of virtual goods while eliminating financial risks encountered in the prevailing consignment-based marketplace model. WAX enables a new generation of virtual asset traders, similar to how earlier online marketplaces enabled entrepreneurs to become power sellers.

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Coin’s Details

  • Market Capitalization

    $65.7 M

  • Volume 24H

    $5.6 M

  • Blockchain

  • Circulating supply

    1 218 482 965

  • Total supply

    3 676 578 788

  • Proof type

    Proof of Work (PoW)

  • Algorithm

    Delegated Proof of Stake (DPoS)

  • Team Location

  • First announced

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