The edge that pays for itself.
WAX (WAXP) Price
WAX Price
Technical Analysis
Daily indicators based on 1d candle data
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| Binance | WAXP/USDT | 0.02 | 52,255.22 | 36,912.86 | 631,937.49 | 0.01 | cex | 528.00 | 7/9/2025, 6:23 AM |
| BitMart | WAXP/USDT | 0.02 | 16,788.96 | 17,913.50 | 631,053.49 | 0.04 | cex | 358.00 | 7/9/2025, 6:21 AM |
| LBank | WAXP/USDT | 0.02 | 69,127.46 | 78,037.36 | 439,536.85 | 0.02 | cex | 445.00 | 7/9/2025, 6:21 AM |
| Upbit | WAXP/KRW | 0.02 | 24,617.77 | 28,999.56 | 403,466.48 | 0.05 | cex | 424.00 | 7/9/2025, 6:23 AM |
| VOOX Exchange | WAXP/USDT | 0.02 | 15,916.84 | 9,977.87 | 350,848.12 | 0.06 | cex | 112.00 | 7/9/2025, 6:21 AM |
| Ourbit | WAXP/USDT | 0.02 | 50,007.21 | 36,819.80 | 227,896.96 | 0.02 | cex | 457.00 | 7/9/2025, 6:15 AM |
| MEXC | WAXP/USDT | 0.02 | 58,313.12 | 44,575.86 | 221,825.81 | 0.01 | cex | 483.00 | 7/9/2025, 6:18 AM |
| XXKK | WAXP/USDT | 0.02 | 51,537.72 | 33,270.55 | 218,833.70 | 0.01 | cex | 68.00 | 7/9/2025, 6:21 AM |
| KCEX | WAXP/USDT | 0.02 | 23,902.78 | 26,711.28 | 205,978.37 | 0.02 | cex | 294.00 | 7/9/2025, 6:18 AM |
| OKX | WAXP/USDT | 0.02 | 10,704.81 | 11,470.05 | 185,034.60 | 0.01 | cex | 407.00 | 7/9/2025, 6:23 AM |
WAX FAQ
WAX (WAXP) is a blockchain specifically designed for e-commerce, launched in 2017 to enhance the speed, simplicity, and security of transactions for all parties involved. The WAX blockchain utilizes delegated proof-of-stake (DPoS) as its consensus mechanism and is fully compatible with EOS. The unique features and incentive mechanisms developed by WAX aim to optimize the blockchain’s utility for e-commerce purposes, with a focus on promoting voting on proposals. To achieve this, WAX has developed a suite of blockchain-based tools that serve as a foundation for decentralized application (DApp) marketplaces and non-fungible tokens. WAX offers services such as the WAX Cloud Wallet, SSO, and OAUTH to support e-commerce operations, including a native RNG service and a developer portal. The architecture of the WAX blockchain allows for 500-millisecond block times and zero-fee transactions for users. Additionally, it employs voting rewards to encourage participation in selecting block producers and improvement proposals.
WAX was co-founded by William Quigley and Jonathan Yantis. William Quigley is a graduate of the University of Southern California and has professional experience from his time at Disney. After departing Disney in the early 1990s, he pursued an MBA at Harvard University and transitioned into a career as a venture capitalist. He eventually became the managing director at Idealab. In addition to co-founding WAX, he also serves as the managing director at Magnetic. Jonathan Yantis holds the position of chief operating officer at both WAX and OPSkins.
WAX offers a WAXP-to-Ethereum (ETH) bridge enabling WAXP token holders to convert their tokens into WAXE, an Ethereum-based ERC20 utility token. Individuals interested in participating in WAX tokenomics must burn their WAXP tokens to acquire WAXE through the Ethereum bridge. Subsequently, they are required to stake the WAXE tokens within the Ethereum distribution contract. WAXG is an Ethereum-based ERC-20 governance token distributed to WAXE stakers. This distribution follows a predetermined schedule and is proportionate to the percentage of the WAX Economic Activity pool. As a result, token holders have the ability to manage the allocation and distribution of economic value on the platform. The WAX Economic Activity pool is a smart contract that collects a percentage of generated WAX fees and has the capability to be converted into ETH for distribution to WAXE stakers. Additionally, it can be allocated to WAXG token holders who choose to burn their existing tokens.
As of February 2021, WAX (WAXP) has a circulating supply of 1,513,825,734 tokens and a maximum supply of 3,770,303,327 WAXP. For more detailed information, please refer to Eulerpool.
The WAX network's Delegated Proof of Stake (DPoS) consensus mechanism ensures security against the corruption of a substantial minority of producers. Token holders have the responsibility of selecting WAX guilds by voting in a continuous approval system. This system provides guilds with the opportunity to produce blocks, and token holders can influence others to cast their votes for them. A block is produced on the WAX blockchain every 0.5 seconds, meaning that only one WAX guild is authorized to produce a block at any given time. If a block is not produced at the scheduled time, it is skipped. When one or more blocks are skipped, it results in an additional gap of 0.5 seconds or more in the blockchain. WAX guilds are not awarded WAX rewards if they produce 50% or fewer of the scheduled blocks, a policy designed to discourage block skipping. WAX has developed a comprehensive suite of blockchain-based tools, enabling anyone to trade digital or physical items both instantly and securely.
To purchase WAX (WAXP), you can do so on a variety of exchanges, including: * Binance * Crypto.com * Huobi Global * Upbit * HitBTC * Bithumb * Bitfinex For a comprehensive understanding of how cryptocurrency purchasing operates, you can find all the necessary information through Eulerpool's guide.
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