Buy WAX (WAXP)
What is WAX?
WAX, or the Worldwide Asset eXchange, is a decentralised platform designed to enable the creation and operation of virtual marketplaces for digital assets. It is particularly focused on the gaming industry, facilitating the trading of in-game items, digital art, NFTs, and other collectibles. WAX aims to create the largest peer-to-peer marketplace emphasizing decentralisation, transparency, and efficiency.
How does WAX work?
WAX operates as a blockchain using the Delegated Proof of Stake (DPoS) consensus mechanism. This allows users to delegate their voting power to selected block producers, known as WAX Guilds, which validate transactions. It features fast block production times (500 milliseconds) and zero transaction fees, making it suitable for handling a high volume of transactions. WAX also supports interoperability with other blockchains like Solana and Polygon, and its compatibility with EOSIO facilitates smart contract integration.
What are the potential use cases for WAX?
WAX has several potential use cases:
- Gaming: It enables secure, low-cost trades of in-game items and other virtual goods.
- NFTs: WAX is used for creating, trading, and managing digital collectibles.
- Virtual Marketplaces: Users can create and operate their virtual marketplaces for digital assets. These use cases extend to industries like digital art and e-commerce, enhancing transaction efficiency and security.
What is the history of WAX?
WAX was founded in 2017 by William Quigley and Jonathan Yantis. It launched through an ICO in 2017, significantly contributing to its funding and token distribution. Since its inception, WAX has partnered with major brands and developed into a leading platform for NFTs and blockchain gaming. It has pioneered integrating NFTs with physical products and maintained a strong community of developers and artists contributing to its ecosystem.
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Frequently Asked Questions (FAQs)
What is the current price of WAX (WAXP)?
The WAX price is $0.0656368 AUD, representing a -3.59% from the day prior.
Where is the best place to buy WAX (WAXP) in Australia?
The best place to buy WAX (WAXP) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell WAX (WAXP) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of WAX (WAXP)?
The trading volume of WAX (WAXP) is $15.9M AUD in the last 24hrs, representing a -3.59% from the day prior.
How can I buy WAX (WAXP)?
WAX (WAXP) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of WAX (WAXP)?
The current market cap of WAX (WAXP) is $227.2M AUD.
Can I convert WAX (WAXP) to cash?
Yes - With Coinstash you can convert your WAX (WAXP) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many WAX (WAXP) are there?
The current circulating supply of WAX (WAXP) is 3.5B.
Is Coinstash a safe place to buy WAX (WAXP) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling WAX (WAXP) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.