WAXP

WAXWAXP

Rank #183
Coin
On 14,357 watchlists

WAX Price (WAXP)

$0.07311
10.21%

0.000001575 BTC2.32%

0.00004981 ETH0.47%

Low:$0.07009
High:$0.08509
24h
WAXP  WAX WAXPPrice: $0.07311 10.21%
Market Cap
$110,956,063
10.17%
Fully Diluted Market Cap
$275,638,091
10.21%
Volume
24h
$1,460,778
20.00%
Circulating Supply
1,517,707,561 WAXP
40%
Max Supply
3,770,303,327
Total Supply
3,704,494,450
 

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About WAX

The live WAX price today is $0.073108 USD with a 24-hour trading volume of $1,460,778 USD. WAX is down 10.21% in the last 24 hours. The current CoinMarketCap ranking is #183, with a live market cap of $110,956,063 USD. It has a circulating supply of 1,517,707,561 WAXP coins and a max. supply of 3,770,303,327 WAXP coins.

The top exchanges for trading in WAX are currently Huobi Global, Upbit, Bithumb, HitBTC, and Bitfinex. You can find others listed on our crypto exchanges page.

What Is WAX (WAXP)?

WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism. It is fully compatible with EOS.

The custom features and the incentive mechanisms developed by WAX are intended to optimize the blockchain’s utility specifically for use in e-commerce, with the goal of encouraging voting on proposals.

To make this possible, WAX created a suite of blockchain-based tools which decentralized application (DApp) marketplaces and non-fungible tokens can be built upon.

Services such as WAX Cloud Wallet, SSO and OAUTH support e-commerce operations, the latter being a native RNG service and a developer portal. WAX’s blockchain architecture supports 500-millisecond block time and zero-fee transactions for customers. It also makes use of voting rewards to incentivize participation in the selection of block producers and improvement proposals.

Who Are the Founders of WAX?

WAX was co-founded by William Quigley and Jonathan Yantis.

William Quigley studied at the University of Southern California, and then worked at Disney. After leaving Disney in the early 1990s, he got an MBA at Harvard and became a venture capitalist. Over time, he became the managing director at Idealab. Alongside creating WAX, he is also the managing director at Magnetic.

Jonathan Yantis works as the chief operating officer at WAX and as the chief operating officer at OPSkins.

What Makes WAX Unique?

WAX features a WAXP-to-Ethereum (ETH) bridge that allows WAXP token holders to convert their tokens into WAXE, which is an Ethereum-based ERC20 utility token.

Users willing to participate in WAX tokenomics need to burn their WAXP tokens in order to get WAXE through the Ethereum bridge. They will then need to stake the WAXE tokens on the Ethereum distribution contract.

WAXG is an Ethereum-based ERC-20 governance token that is distributed to WAXE stakers. The distribution is based on a set timetable and is proportionate to the percentage of the WAX Economic Activity pool. The token holders can govern the allocation and distribution of economic value on the platform as a result.

The WAX Economic Activity pool is a smart contract that accumulates a percentage of generated WAX fees and can be converted 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.

Learn more about 1inch.

Learn more about Stacks.

Learn about Web 3.0 on CMC Alexandria.

Improve your knowledge in crypto on the CoinMarketCap blog.

How Many WAX (WAXP) Coins Are There in Circulation?

WAX (WAXP) has a circulating supply of 1,513,825,734 tokens as of February 2021 and a maximum supply of 3,770,303,327 WAXP.

How Is the WAX Network Secured?

WAX network’s DPoS consensus is secure against the corruption of a significant minority or producers. Token holders can select WAX guilds by voting in a continuous approval system. They can get an opportunity to produce blocks and token holders can persuade other token holders to vote for them.

A block gets produced on the WAX blockchain every 0.5 seconds; as such, one WAX guild gets authorized to produce a block at any given point in time. If a block does not get produced at the scheduled time, the block for that time slot is skipped. When one or more blocks end up getting skipped, another gap in the blockchain of 0.5 seconds or more is added.

WAX guilds do not receive WAX rewards if they produce 50% or less of the scheduled blocks, which discourages skipping blocks.

WAX has created a full suite of blockchain-based tools that allow anyone to trade digital or physical items instantly and securely.

Where Can You Buy WAX (WAXP)?

If you are interested in buying WAX (WAXP), it can be done on several exchanges, including the following:

If you want to learn more about how exactly cryptocurrency buying works, you can learn everything you need to know with CoinMarketCap’s own guide.

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WAXP

WAX

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WAXP Price Statistics

WAX Price Today
WAX Price$0.07311
Price Change24h$-0.008311
10.21%
24h Low / 24h High
$0.07009 /
$0.08509
Trading Volume24h$1,460,778.40
20.00%
Market DominanceNo Data
Market Rank#183
WAX Market Cap
Market Cap$110,956,063.16
10.17%
Fully Diluted Market Cap$275,638,090.51
10.21%
WAX Price Yesterday
Yesterday's Low / High
$0.07544 /
$0.08509
Yesterday's Open / Close
$0.08034 /
$0.07553
Yesterday's Change

5.99%

Yesterday's Volume$1,351,764.65
WAX Price History
7d Low / 7d High
$0.06604 /
$0.1024
30d Low / 30d High
$0.03811 /
$0.1082
90d Low / 90d High
$0.03221 /
$0.1082
52 Week Low / 52 Week High
$0.01625 /
$0.1082
All Time High
Dec 21, 2017 (3 years ago)
$5.01
98.54%
All Time Low
Dec 30, 2019 (a year ago)
$0.01596
358.03%
WAX ROI

63.38%

WAX Supply
Circulating Supply1,517,707,561 WAXP
Total Supply3,704,494,450 WAXP
Max Supply3,770,303,327 WAXP

WAX Markets

#

Source

Pairs

Price

Volume

Volume %

Liquidity

Confidence

Updated

1

Upbit

*** $0.07599

*** $10,873,482

0.00%

105

High

Recently

2

Bithumb

*** $0.07543

*** $1,139,895

0.00%

78

High

Recently

3

Huobi Global

$0.07369

$447,220

30.62%

71

High

Recently

4

Huobi Global

$0.07380

$353,470

24.20%

76

High

Recently

5

KuCoin

$0.07287

$178,711

12.23%

36

High

Recently

6

Bittrex

$0.07380

$142,768

9.77%

59

High

Recently

* Price Excluded

** Volume Excluded

*** Price/Volume Excluded - Outlier Detected

About WAX

The live WAX price today is $0.073108 USD with a 24-hour trading volume of $1,460,778 USD. WAX is down 10.21% in the last 24 hours. The current CoinMarketCap ranking is #183, with a live market cap of $110,956,063 USD. It has a circulating supply of 1,517,707,561 WAXP coins and a max. supply of 3,770,303,327 WAXP coins.

The top exchanges for trading in WAX are currently Huobi Global, Upbit, Bithumb, HitBTC, and Bitfinex. You can find others listed on our crypto exchanges page.

What Is WAX (WAXP)?

WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism. It is fully compatible with EOS.

The custom features and the incentive mechanisms developed by WAX are intended to optimize the blockchain’s utility specifically for use in e-commerce, with the goal of encouraging voting on proposals.

To make this possible, WAX created a suite of blockchain-based tools which decentralized application (DApp) marketplaces and non-fungible tokens can be built upon.

Services such as WAX Cloud Wallet, SSO and OAUTH support e-commerce operations, the latter being a native RNG service and a developer portal. WAX’s blockchain architecture supports 500-millisecond block time and zero-fee transactions for customers. It also makes use of voting rewards to incentivize participation in the selection of block producers and improvement proposals.

Who Are the Founders of WAX?

WAX was co-founded by William Quigley and Jonathan Yantis.

William Quigley studied at the University of Southern California, and then worked at Disney. After leaving Disney in the early 1990s, he got an MBA at Harvard and became a venture capitalist. Over time, he became the managing director at Idealab. Alongside creating WAX, he is also the managing director at Magnetic.

Jonathan Yantis works as the chief operating officer at WAX and as the chief operating officer at OPSkins.

What Makes WAX Unique?

WAX features a WAXP-to-Ethereum (ETH) bridge that allows WAXP token holders to convert their tokens into WAXE, which is an Ethereum-based ERC20 utility token.

Users willing to participate in WAX tokenomics need to burn their WAXP tokens in order to get WAXE through the Ethereum bridge. They will then need to stake the WAXE tokens on the Ethereum distribution contract.

WAXG is an Ethereum-based ERC-20 governance token that is distributed to WAXE stakers. The distribution is based on a set timetable and is proportionate to the percentage of the WAX Economic Activity pool. The token holders can govern the allocation and distribution of economic value on the platform as a result.

The WAX Economic Activity pool is a smart contract that accumulates a percentage of generated WAX fees and can be converted 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.

Learn more about 1inch.

Learn more about Stacks.

Learn about Web 3.0 on CMC Alexandria.

Improve your knowledge in crypto on the CoinMarketCap blog.

How Many WAX (WAXP) Coins Are There in Circulation?

WAX (WAXP) has a circulating supply of 1,513,825,734 tokens as of February 2021 and a maximum supply of 3,770,303,327 WAXP.

How Is the WAX Network Secured?

WAX network’s DPoS consensus is secure against the corruption of a significant minority or producers. Token holders can select WAX guilds by voting in a continuous approval system. They can get an opportunity to produce blocks and token holders can persuade other token holders to vote for them.

A block gets produced on the WAX blockchain every 0.5 seconds; as such, one WAX guild gets authorized to produce a block at any given point in time. If a block does not get produced at the scheduled time, the block for that time slot is skipped. When one or more blocks end up getting skipped, another gap in the blockchain of 0.5 seconds or more is added.

WAX guilds do not receive WAX rewards if they produce 50% or less of the scheduled blocks, which discourages skipping blocks.

WAX has created a full suite of blockchain-based tools that allow anyone to trade digital or physical items instantly and securely.

Where Can You Buy WAX (WAXP)?

If you are interested in buying WAX (WAXP), it can be done on several exchanges, including the following:

If you want to learn more about how exactly cryptocurrency buying works, you can learn everything you need to know with CoinMarketCap’s own guide.

How do you feel about WAX today?

Vote to see community results