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WAX Stock

WAX

WAXP

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WAX Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BinanceWAXP/USDT0.0252,255.2236,912.86631,937.490.01cex5287/9/2025, 6:23 AM
BitMartWAXP/USDT0.0216,788.9617,913.5631,053.490.04cex3587/9/2025, 6:21 AM
LBankWAXP/USDT0.0269,127.4678,037.36439,536.850.02cex4457/9/2025, 6:21 AM
UpbitWAXP/KRW0.0224,617.7728,999.56403,466.480.05cex4247/9/2025, 6:23 AM
VOOX ExchangeWAXP/USDT0.0215,916.849,977.87350,848.120.06cex1127/9/2025, 6:21 AM
OurbitWAXP/USDT0.0250,007.2136,819.8227,896.960.02cex4577/9/2025, 6:15 AM
MEXCWAXP/USDT0.0258,313.1244,575.86221,825.810.01cex4837/9/2025, 6:18 AM
XXKKWAXP/USDT0.0251,537.7233,270.55218,833.70.01cex687/9/2025, 6:21 AM
KCEXWAXP/USDT0.0223,902.7826,711.28205,978.370.02cex2947/9/2025, 6:18 AM
OKXWAXP/USDT0.0210,704.8111,470.05185,034.60.01cex4077/9/2025, 6:23 AM
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WAX FAQ

What is WAX (WAXP)?

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.

Who Founded WAX?

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.

What Distinguishes WAX?

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.

What is the Circulating Supply of WAX (WAXP) Coins?

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.

**How is the WAX Network Secured?** The WAX network employs a unique security framework to ensure the integrity and safety of its operations. Key components of this framework include delegated proof-of-stake (DPoS) consensus mechanism, which allows for efficient and secure processing of transactions. With a select group of trusted validators, the network maintains decentralized yet effective governance. For more detailed information and insights about WAX, 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.

Where Can You Purchase WAX (WAXP)?

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.

Investors interested in WAX are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.