In the digital era that continues to develop, the digital goods market is increasingly rampant. One of the leading innovations in this space is World Asset eXchange (WAX) and its associated token, WAXP.
WAX (WAXP) will be discussed in more depth in this article.
What is WAX (WAXP)?
WAX is a platform built on blockchain technology that allows buying, selling and exchanging digital assets . It allows users to trade various virtual goods, such as game skins, collectibles and other virtual items, in a safe, fast and efficient manner.
WAXP, or WAX Protocol Token, is the native token of the WAX ecosystem. It is used as a medium of exchange within the platform to pay transaction fees, provide incentives to validator nodes, and facilitate various other economic functions.
WAX has the potential to change the way we view and participate in the digital economy. By enabling the global, decentralized buying, selling and exchange of digital assets, WAX opens the door to greater inclusion and more dynamic economic growth in the digital goods market.
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WAX Key Products & Features (WAXP)
The following are some of the main products and features offered by WAX (WAXP).
1. Virtual Goods Market
WAX provides a platform that allows users to trade various types of virtual goods, including game skins, collectible cards, rare digital items and more. Users can sell, buy or exchange these items with other users around the world.
2. Digital Asset Tokenization
One of WAX's main features is its ability to tokenize digital assets. This means that digital assets, such as in-game items or virtual collectibles, can be represented as transferable tokens. This allows users to own and trade their digital assets outside the original platform.
3. Easy and Safe Payment
WAX uses blockchain technology to facilitate safe and efficient payments. Users can easily make payments using WAXP tokens, which enables fast and secure transactions without the need to involve third parties.
4. Decentralization and Security
The WAX platform is designed with a decentralized concept, which means that transactions and asset exchange are carried out directly between users without the need to go through middle parties. This not only increases security, but also reduces costs and time involved in the trading process.
5. NFT (Non-Fungible Token) Market
WAX has an active NFT marketplace, where users can trade unique and rare digital collectibles. This includes digital art, card collections, and other virtual items that have unique value and are not easily interchangeable with each other.
6. Interoperability
WAX supports interoperability, meaning digital assets can move freely between different gaming platforms and applications. This allows users to access and trade their assets across various digital ecosystems without restrictions.
7. Port Services
WAX provides a port service that allows developers to introduce their digital assets into the WAX ecosystem easily. This facilitates ecosystem growth and increases the diversity of assets available to users.
Also Read: Wemix (WEMIX): Blockchain Game Platform with an Integrated Ecosystem
What Are WAXP Tokens?
WAXP token is a crypto token which is a native digital asset from the World Asset eXchange (WAX) ecosystem. In short, WAXP is a token used on the WAX platform for various purposes, including payments, incentivization, and carrying out network operations.
Following are some of the main functions of the WAXP token.
1. Payment
WAXP is used as a means of payment on the WAX platform to buy and sell virtual goods, including game skins, digital collectibles and other digital assets.
2. Transaction Fees
Users need to pay transaction fees in the form of WAXP when making transactions on the WAX platform, such as purchasing or selling virtual goods.
3. Incentives
WAXP is used as an incentive to encourage participation in the network, such as rewarding validator nodes or users who contribute to the ecosystem in some way.
4. Governansi
In some cases, WAXP token holders can have voting rights in important decisions that affect the development and direction of the WAX ecosystem.
5. Staking
It is possible that WAXP tokens could be used in a staking program, where token holders can lock up a certain amount of their tokens to support network security and consensus, as well as earn additional rewards.
Tokenomic Token WAX (WAXP)
WAXP tokenomics refers to the token economics of the WAXP crypto token in the World Asset eXchange (WAX) ecosystem. It covers various aspects, including token distribution, use in the platform, burning mechanisms, incentives, and governance.
- Total Supply: 1.850.000.000 WAXP
- Circulating Supply: 1.224.375.000 WAXP
- Seed Sale: 5%
- Public Sale: 20%
- Team & Advisors: 15%
- Ecosystem & Marketing: 15%
- Liquidity: 10%
- Staking Rewards: 35%
WAX Fundamental Analysis (WAXP)
WAX (WAXP) fundamental analysis involves an in-depth evaluation of the various factors that influence the value and long-term growth prospects of the token. Here are some key aspects to consider in WAXP fundamental analysis:
- Team : The WAX team consists of experienced professionals in the gaming, blockchain and technology industries.
- Community : WAX has a strong global community with over 500,000 active users.
- Partnerships : WAX has established partnerships with several well-known gaming and blockchain companies.
- Roadmap : WAX has a clear roadmap for the development of its platform.
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Comparison of WAX (WAXP) & Competitors
Making a comparison between WAX (WAXP) and its competitors requires an in-depth analysis of various factors such as business model, technology, user growth, finances, and others. Below is a spreadsheet format for a comparison between WAXP and some of its competitors.
Founder & Tim WAX (WAXP)
- William E. Quigley - Founder & CEO
- Jonathan Yantis - Co-Founder & CTO
Members' Opinions about WAX (WAXP)
Many experts believe that WAX is an innovative platform with great potential for growth in the blockchain gaming and digital assets market. The WAX platform offers an attractive solution for gamers, developers and digital asset collectors.
Conclusion
WAX is a blockchain specifically designed for trading digital assets, especially virtual items and games. The WAX platform allows users to create, buy, sell and trade digital assets in a safe and efficient manner. WAX has great potential to grow in the fast-growing blockchain gaming and digital asset markets.
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You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH ), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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