WAXP

WAXWAXP

Rank #89
Coin
On 120,030 watchlists

WAX Price (WAXP)

$0.7446
13.93%

0.00001268 BTC4.79%

0.0001677 ETH3.55%

Low:$0.6497
High:$0.7901
24h
WAXP  WAX WAXP
Price:
$0.7446
 13.93%
Market Cap
$1,378,880,363
13.97%
Fully Diluted Market Cap
$2,839,342,202
13.93%
Volume
24h
$261,995,266
89.90%
Volume / Market Cap
0.19
Circulating Supply
1.85B WAXP
Max Supply
--
Total Supply
3,813,397,698
Sponsored

WAX to USD Chart

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WAXP Price Live Data

The live WAX price today is $0.744570 USD with a 24-hour trading volume of $261,995,266 USD. We update our WAXP to USD price in real-time. WAX is up 13.93% in the last 24 hours. The current CoinMarketCap ranking is #89, with a live market cap of $1,378,880,363 USD. It has a circulating supply of 1,851,914,573 WAXP coins and the max. supply is not available.

If you would like to know where to buy WAX, the top cryptocurrency exchanges for trading in WAX stock are currently Binance, Mandala Exchange, Huobi Global, KuCoin, and Upbit. 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.

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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.

Our most recent articles about WAX:

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WAXP Price Statistics

WAX Price Today
WAX Price$0.7446
Price Change24h$0.09106
13.93%
24h Low / 24h High
$0.6497 /
$0.7901
Trading Volume24h$261,995,266.02
89.90%
Volume / Market Cap0.19
Market Dominance0.05%
Market Rank#89
WAX Market Cap
Market Cap$1,378,880,363.09
13.97%
Fully Diluted Market Cap$2,839,342,201.68
13.93%
WAX Price Yesterday
Yesterday's Low / High
$0.6251 /
$0.7901
Yesterday's Open / Close
$0.7052 /
$0.7843
Yesterday's Change

11.22%

Yesterday's Volume$218,825,220.94
WAX Price History
7d Low / 7d High
$0.6251 /
$0.9569
30d Low / 30d High
$0.3735 /
$0.9814
90d Low / 90d High
$0.1929 /
$0.9814
52 Week Low / 52 Week High
$0.03221 /
$0.9814
All Time High
Dec 21, 2017 (4 years ago)
$5.01
85.14%
All Time Low
Dec 30, 2019 (2 years ago)
$0.01596
4564.86%
WAX ROI

272.2%

WAX Supply
Circulating Supply1,851,914,573 WAXP
Total Supply3,813,397,698 WAXP
Max SupplyNo Data