WAX
Current price
$0.0049
−6.49%24h
LiveUpdated 49s ago
TodayWAX drops 6.5%, trailing the market.
Scroll to zoom · drag to move · ← → to read pricesPinch to zoom · press and hold to read prices
View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.20%
- 24 hours−6.49%
- 7 days−15.52%
- 30 days−6.76%
- 1 year−65.64%
WAX's move in context
Lagging the market today
−6.49% today against −3.26% for the market as a whole, a gap of 3.2 points. A gap this wide suggests something specific to WAX may be moving it, not just the market mood.
Part of a slide
−15.5% over 7 days and −6.8% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About WAX
Overview
The Worldwide Asset eXchange (WAX) is a blockchain protocol designed specifically for the trading and exchange of virtual items and digital assets. WAX aims to facilitate a seamless marketplace that enables anyone to buy, sell, and trade virtual goods easily. The core mission of WAX is to make e-commerce more accessible and efficient by utilizing blockchain technology to provide a decentralized platform that reduces transaction fees and enhances security. One of its distinguishing features is the WAX Token (WAXP), which enables users to perform transactions within the ecosystem, making it efficient for online gaming and non-fungible tokens (NFTs). WAX leverages a range of features that improve user experience, such as its user-friendly interface and the ability to create accounts without the complexities typically associated with cryptocurrency wallets.
Technical Features
WAX operates on a Delegated Proof of Stake (DPoS) consensus mechanism, which ensures a secure and efficient network while maintaining decentralized governance. This method allows stakeholders to elect delegates who validate transactions and produce new blocks, speeding up transaction times and reducing energy consumption compared to traditional proof-of-work systems. WAX's security model includes robust cryptographic practices and a versioned smart contract architecture, enabling developers to easily create and deploy contracts that are both secure and highly efficient. The platform also features the WAX Cloud Wallet, which provides users with an intuitive interface for managing their digital assets without the typical challenges of private key management and security threats.
Use Cases
WAX has multiple use cases, primarily focusing on the gaming sector, NFT marketplace, and decentralized applications (dApps). Within the gaming industry, WAX enables players to trade in-game assets such as skins and characters securely and effortlessly. Additionally, WAX serves as the backbone for many NFT projects, allowing artists and creators to mint, buy, and sell unique digital collectibles. Beyond gaming and NFTs, WAX also supports smart contracts, providing a platform for developers to create various decentralized applications, including those related to finance and supply chain management. Furthermore, WAX’s capabilities enable cross-border transactions, offering users competitive transaction speeds similar to those of traditional centralized systems.
Development Background
WAX was launched in 2017 by a team of industry veterans, including co-founders William Quigley and Jonathan Belcher, who aimed to address the challenges faced by peer-to-peer virtual item transactions. In its early days, WAX raised over $30 million in an initial coin offering (ICO). The platform has since evolved through various updates, including improvements on scalability and user capabilities. Notable events in WAX's history include strategic partnerships with companies in the gaming and digital asset sectors, which have played a crucial role in expanding its ecosystem and integration capabilities.
Community and Ecosystem
The WAX ecosystem is supported by a vibrant community of developers, gamers, and NFT enthusiasts. The platform has partnered with several well-known game developers and blockchain projects to enhance its offerings, leading to the launch of various applications like WAXP, WAX Marketplace, and WAX Studios. The community actively participates in governance and decision-making processes through the DPoS mechanism, allowing token holders to influence the direction of the project. Various educational initiatives and developer resources further bolster the ecosystem, promoting innovation and engagement.
Future Potential
WAX holds significant future potential due to its innovative technology and growing adoption in the gaming and NFT markets. As the demand for digital assets continues to rise, WAX is well-positioned to capture a larger market share by enhancing its platform's features and capabilities. Upcoming developments on the WAX roadmap include improvements in scalability, partnerships with more gaming studios, and the introduction of advanced functionalities for NFTs and dApps. These factors suggest a promising trajectory for WAX, placing it at the forefront of the evolving digital asset landscape.
WAX market
- Position by market cap among the coins we track.
- #308
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $22.57M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.00485High $0.00528
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $2.77
- Now 0% of itReached 9 Jan 2018 · Needs +56,431% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 4.61B WAXP
- 122% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 3.77B WAXP
- The most coins that can ever exist. Some coins have no limit.
WAX converter
1 WAX = $0.0049
