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WAX priceWAXP
WAX price calculator
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About WAX (WAXP)
What Is WAX?
WAX, or Worldwide Asset eXchange, is a blockchain platform and cryptocurrency specifically designed for trading virtual items such as in-game assets, digital art, and other collectibles. Launched in 2017 by the founders of OPSkins, WAX aims to create the largest peer-to-peer marketplace for digital assets, focusing on decentralization, interoperability, transparency, and efficiency. It has gained immense popularity in the gaming and NFT communities due to its user-friendly approach and its focus on virtual item trading and fractional ownership.
WAX is a carbon-neutral blockchain, making it a distinctive and environmentally friendly choice in the blockchain ecosystem. It is hyper-focused on video games and virtual collectibles, providing a decentralized marketplace where users can trade virtual items directly without intermediaries.
Resources
Whitepaper: https://github.com/worldwide-asset-exchange/whitepaper
Official Website: https://www.wax.io/
How Does WAX Work?
WAX operates using a Delegated Proof of Stake (DPoS) consensus mechanism, which is known for its speed and scalability, allowing for the efficient management of block production. In this system, WAX token holders use their tokens to vote for WAX Guilds, who are responsible for producing blocks on the WAX blockchain. This mechanism ensures that the blockchain is secure and transactions are processed swiftly, with a block being produced every thirty seconds.
The platform is also fully compatible with EOS, enabling developers to easily build and deploy applications on the WAX blockchain using EOSIO software. WAX provides a suite of tools and services such as WAX Cloud Wallet, WAX Creator, WAX ExpressTrade, and WAX Random Number Generator to help developers create engaging and immersive experiences for users. It also supports vIRLs, patented NFTs that can be redeemed for real-world products and services, offering dynamic functionality including app-video game integrations, marketing tools, and V-commerce capabilities.
WAX has introduced the world's first carbon-neutral NFTs, known as vIRL NFTs, which are linked to physical objects and are carbon offset. This initiative aligns with WAX's commitment to reducing its carbon footprint and achieving carbon-negative status. The platform also allows for the creation and trading of virtual items, which can be transferred across different games and platforms, providing users with increased flexibility and utility for their digital assets.
What Is WAXP Token?
WAXP is the native token of the WAX blockchain, serving various functions including paying transaction fees, purchasing virtual items, and participating in governance decisions on the network. It is used as a payment and trading token, allowing users to purchase virtual goods on WAX. WAXP is also the reward for staking or producing blocks, and it can be traded or purchased on major exchanges such as Bitget. The token is essential for securing the blockchain in proof-of-stake and is used to pay for fees when creating and using smart contracts.
WAX's Impact on Finance
WAX's innovative approach to virtual item trading and its focus on gaming and NFTs have positioned it as a leader in the blockchain industry, potentially revolutionizing e-commerce and gaming industries. By enabling seamless and secure trade of digital assets, WAX provides a practical framework for future projects in the financial sector, particularly in the realms of decentralized finance (DeFi) and NFT marketplaces.
The platform's emphasis on user-friendly experiences and its ability to support fractional ownership have made it accessible to a broader audience, allowing more users to participate in the ownership and trading of high-value items. WAX's commitment to environmental sustainability through carbon-neutral NFTs also sets a precedent in the industry, contributing to its notoriety and appeal to environmentally conscious investors and users.
What Determines WAX's Price?
The value of WAX token (WAXP), much like other tokens, is shaped by a multitude of elements, reflecting the intricate nature of the cryptocurrency market. Supply and demand on various platforms, including cryptocurrency exchanges like Bitget where it can be acquired and traded, are fundamental in determining its price. When there’s a surge in demand for WAXP, often spurred by encouraging cryptocurrency news or emerging trends in the cryptocurrency market, its value is likely to escalate. On the flip side, if the market is flooded with WAXP or it encounters unfavorable news or developments, its value is inclined to diminish.
Market sentiment, fueled by cryptocurrency enthusiasts, influencers, and connoisseurs, is another pivotal factor in shaping the value of WAXP. Discussions, analyses, and predictions within the crypto community and by cryptocurrency experts can significantly sway investor sentiment and, subsequently, the value of WAXP. Moreover, the overarching conditions of the cryptocurrency market, encompassing market volatility, regulatory landscapes, and the level of cryptocurrency adoption, can also impact WAXP’s value. For example, broad acceptance or positive regulatory developments can boost WAXP’s value, whereas restrictive regulations or a downturn in the crypto market can lead to a decline. Those contemplating investing in WAXP are encouraged to stay informed about the latest in cryptocurrency news, events, and trends and to seek advice from seasoned experts to determine whether WAXP is a sound investment looking forward to 2023 and beyond.
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How to buy WAX(WAXP)
Create Your Free Bitget Account
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Buy WAX (WAXP)
Trade WAXP perpetual futures
After having successfully signed up on Bitget and purchased USDT or WAXP tokens, you can start trading derivatives, including WAXP futures and margin trading to increase your income.
The current price of WAXP is $0.03503, with a 24h price change of +4.63%. Traders can profit by either going long or short onWAXP futures.
Join WAXP copy trading by following elite traders.
WAX news
See moreIn order to provide a better trading experience, Bitget will suspend withdrawal services for the WAXP network starting from October 8, 2024 (UTC) until a later date. Please note that trading will not be affected during the downtime. Once withdrawal services for the WAXP network can be resumed, we w
We are pleased to announce that WAXP-WAXP deposit and withdrawal services have resumed on our platform. We apologize for any inconvenience caused during the suspension period! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join
In order to provide a better trading experience, Bitget has suspended the deposit and withdrawal functions of WAXP-WAXP from August 11 (UTC) until a later date. Please note that trading will not be affected during the downtime. When deposit and withdrawal of WAXP-WAXP can be resumed, we will notify
In order to provide a better trading experience, Bitget will suspend withdrawal services for the WAXL-ERC20 network starting from May 19, 2024 (UTC) until a later date. Please note that trading will not be affected during the downtime. Once withdrawal services for the WAXL-ERC20 network can be resu
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WAX Social Data
In the last 24 hours, the social media sentiment score for WAX was 3, and the social media sentiment towards WAX price trend was Bullish. The overall WAX social media score was 0, which ranks 569 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with WAX being mentioned with a frequency ratio of 0.01%, ranking 255 among all cryptocurrencies.
In the last 24 hours, there were a total of 191 unique users discussing WAX, with a total of WAX mentions of 86. However, compared to the previous 24-hour period, the number of unique users increase by 19%, and the total number of mentions has increase by 110%.
On Twitter, there were a total of 0 tweets mentioning WAX in the last 24 hours. Among them, 0% are bullish on WAX, 0% are bearish on WAX, and 100% are neutral on WAX.
On Reddit, there were 1 posts mentioning WAX in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
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