Market Cap
$142,687,719.0
Fully Diluted Valuation
$154,032,650.8
24 Hour Trading Vol
$26,986,970.0
Circulating Supply
3,504,099,552.4
Total Supply
3,770,303,327.0
Max Supply
3,770,303,327.0
WAX Price
$0.041
24h Range
$0.040 - $0.045
Percent Change 1h
-2.02%
Percent Change 24h
-3.11%
Percent Change 7d
-9.71%
All-time high
$2.77
All-time low
$0.016
1D
7D
1M
1Y
All
WAX, or the Worldwide Asset eXchange, is a decentralized platform designed for the creation, buying, selling, and trading of virtual goods and digital assets. It operates on the WAX blockchain and uses its native cryptocurrency, WAXP, to facilitate transactions and incentivize participants within the ecosystem. Launched in 2017, WAX aims to simplify the process of trading virtual items, particularly in the gaming and digital collectibles space. As of 2024, WAX has established itself as one of the leading blockchains for NFTs (non-fungible tokens), boasting over 15 million user accounts and partnerships with various gaming studios and brands. It utilizes a delegated proof-of-stake (DPoS) consensus mechanism, which enables quicker transactions and lower fees compared to traditional blockchains.
WAX was co-founded by William Quigley and Jonathan Yantis. William Quigley is a seasoned entrepreneur and investor, known for his work in various tech startups and as the former CEO of Clearstone Venture Partners. He has also been involved in the development of several successful blockchain projects. Jonathan Yantis brings extensive experience in software development and entrepreneurship to the team. Together, they have led WAX to become a prominent player in the blockchain and gaming industry, focusing on user-friendly solutions and innovative technologies.
WAX operates on a unique blockchain specifically designed for digital asset transactions. The core of WAX's functionality lies in its DPoS consensus mechanism, which enables fast and efficient processing of transactions. Users can create and trade NFTs without needing significant technical knowledge, thanks to the platform's intuitive interface and tools. WAX employs smart contracts to facilitate automated transactions and ensure security and transparency.
The WAX platform consists of several key components:
Users can earn WAXP tokens through various activities, including staking their tokens or participating in the network's governance. Additionally, WAX has integrated with popular platforms like EOS and Ethereum, allowing for cross-chain transactions and greater interoperability.
WAX has numerous use cases that highlight its versatility and appeal within the digital asset ecosystem:
The versatility of WAX makes it a valuable platform for various industries, especially gaming and digital art, where ownership and authenticity are paramount.
Keeping your WAXP tokens and digital assets safe is crucial in the cryptocurrency landscape. Here are several best practices to enhance the security of your WAX holdings:
By following these security practices, you can significantly reduce the risk of losing your WAX assets and ensure a safer trading experience.
Investing in WAX (WAXP) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy WAX: Once your account is funded, you can purchase WAX directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in WAX using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
WAX (WAXP) is currently trading at $0.041 and exhibits good potential for future growth. Check the latest WAX (WAXP) price prediction.
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