About WAX
WAX is a purpose-built blockchain and protocol token designed to make e-commerce transactions faster, easier, and safer for all participants. The WAX Blockchain uses Delegated Proof of Stake (DPoS) as its consensus mechanism and is fully backward compatible with EOS. The custom features and incentive mechanisms developed by WAX are designed to optimize the blockchain's usability in e-commerce, and encourage voting on guilds and proposals. WAX has created a suite of blockchain-based tools upon which dApps, marketplaces, and native non-fungible tokens (NFTs) are built. These tools include services to support e-commerce operations such as the WAX Cloud Wallet, SSO and OAUTH, a native RNG service, and a developer portal. The resulting technology reportedly represents a blockchain architecture with 500 millisecond block times, is fee-less for customers, and leverages voting rewards to incentivize participation in the selection of block producers and proposals
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Market Stats
Market Cap
$112,441,495.94
2.37%
FDV
$96,955,534.74
Circulating Supply
4,372,504,853.687 WAXP
Max Supply
3,770,303,327 WAXP
Total Supply
4,377,299,635.502 WAXP
Diluted Valuation
$96,990,198.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$38,873,810.22
3.81%
Volume (7D)
$86,493,561.21
Volume (30D)
$215,570,046.99
All time high
$5.01
Overall Price Change (1Y)
-0.62%
Additional info about WAX
Recent trends
The price of WAX has decreased by 0.77% in the last hour and increased by 2.26% in the past 24 hours. WAX’s price has also risen by 8.52% in the past week. The current price is $0.0257 per WAXP with a 24-hour trading volume of $38.87M. Currently, WAX is valued at 99.49% below its all time high of $5.01. This all-time high was the highest price paid for WAX since its launch. The current circulating supply of WAX is 4,372,504,853.687 WAXP which means that WAX has as total market cap of $112,441,495.94.
Market details
WAXP vs markets
↘ 70.09%
WAXP vs BTC
↘ 74.04%
WAXP vs ETH
↘ 31.32%
Tags
media
collectibles-nfts
gaming
entertainment
+4
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x2A79324c19Ef2B89Ea98b23BC669B7E7c9f8A517 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0257 | ↗ 1.92% |
1 Day | $0.0251 | ↗ 2.26% |
1 Week | $0.0237 | ↗ 8.52% |
1 Month | $0.0243 | ↗ 4.56% |
1 Year | $0.0670 | ↘ 61.60% |
FAQ
WAX (WAXP) is a purpose-built blockchain, launched in 2017, that strives to streamline e-commerce transactions, making them more efficient, simpler, and safer for all parties involved. The WAX blockchain utilizes a delegated proof-of-stake (DPoS) consensus mechanism and is fully compatible with EOS. WAX has developed custom features and incentive mechanisms that aim to enhance the blockchain's utility for e-commerce, encouraging voting on proposals. WAX has also created a suite of blockchain-based tools upon which decentralized application (DApp) marketplaces and non-fungible tokens can be built. Services such as WAX Cloud Wallet, SSO, and OAUTH are designed to support e-commerce operations.
The WAX blockchain architecture supports 500-millisecond block time and zero-fee transactions for customers. It also uses voting rewards to incentivize participation in the selection of block producers and improvement proposals. WAX features a WAXP-to-Ethereum (ETH) bridge that enables WAXP token holders to transition their tokens into WAXE, an Ethereum-based ERC20 utility token. Users willing to participate in WAX tokenomics need to burn their WAXP tokens to get WAXE through the Ethereum bridge. They then need to stake the WAXE tokens on the Ethereum distribution contract. WAXG, an Ethereum-based ERC-20 governance token, is distributed to WAXE stakers based on a set timetable and is proportionate to the percentage of the WAX Economic Activity pool.
WAX aims to enhance the blockchain's utility specifically for use in e-commerce. It provides a suite of blockchain-based tools upon which decentralized application (DApp) marketplaces and non-fungible tokens can be built. Services such as WAX Cloud Wallet, SSO, and OAUTH are designed to support e-commerce operations. The WAX Economic Activity pool is a smart contract that accumulates a percentage of generated WAX fees and can be transitioned into ETH for distribution to WAXE stakers. It can also be given to WAXG token holders that decide to burn the tokens they already have.
WAX was co-founded by William Quigley and Jonathan Yantis. Quigley, a University of Southern California graduate, worked at Disney before becoming a venture capitalist and eventually the managing director at Idealab. He is also the managing director at Magnetic. Yantis serves as the chief operating officer at WAX and at OPSkins. The WAX blockchain was released in 2017 with the aim of making e-commerce transactions more efficient, simpler, and safer. The WAX network's DPoS consensus aims to protect against the corruption of a significant minority of producers, with token holders selecting WAX guilds by voting in a continuous approval system.
We update our WAX to USD currency in real-time. Get the live price of WAX on Coinbase.
The current market cap of WAX is $112.44M. A high market cap implies that the asset is highly valued by the market.
The all-time high of WAX is $5.01. This all-time high is highest price paid for WAX since it was launched.
Over the last 24 hours, the trading volume of WAX is $38.87M.
Assets that have a similar market cap to WAX include Mythos, Stratis [New], Redstone, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of WAX is 4.4 billion.
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Social stats
Popularity in posts
#1923
Contributors
3,607
Posts
4,716
% About WAX
0.018%
Articles
4
Hold times
0 days
X (Twitter)
23.23% bullish
Sentiment
4.8 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
3,607 unique individuals are talking about WAX and it is ranked #1,923 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, WAX has an average sentiment score of 95 out of 5. Finally, WAX is becoming less newsworthy, with 4 news articles published about WAX.
On Twitter, people are mostly neutral about WAX. There were 45.37% of tweets with bullish sentiment compared to 95.34% of tweets with a bearish sentiment about WAX. 54.63% of tweets were neutral about WAX. These sentiments are based on 476 tweets.
On Reddit, WAX was mentioned in 769 Reddit posts and there were 21415 comments about WAX. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.