What is WAX (WAXP)?
WAX currently presents itself as a web3 ecosystem for gaming and nfts. But when looking underneath the hood, WAX and its blockchain is much more then this;The WAX Platform addresses the opportunity in the expanding global digital goods market by providing a structured ecosystem for businesses and entrepreneurs. The platform comprises the WAX Blockchain, decentralized marketplace, virtual item trading, and wallets, forming a token-based economy self-sustained by its participants. The WAX Protocol Blockchain with its microservices layer facilitates the creation, buying, selling, and trading of virtual items securely. The platform operates using a Delegated Proof of Stake (DPoS) consensus algorithm managed by WAX Guilds (block producers), emphasizing a performance-optimized, decentralized consensus to maintain a high throughput and secure network. The unique W.A.S.P. Strategy is designed to harness the potential of decentralized applications (dApps), allowing rapid build and access to existing WAX customers, ensuring growth and scaling without substantial infrastructure investment.
The WAX platform's staking and voting system is central to its governance and operational model, promoting active community participation and enhanced governance. Token holders can stake WAX Tokens, vote for guild candidates or proposals, and earn WAX Staking Rewards, with the rewards amount based on their stake weight and vote strength. This system also benefits dApp developers by reserving necessary system resources and enabling no-fee transactions. WAX Guilds and standby guilds, chosen through continuous approval voting, are crucial for block production, with the performance-based rewards system encouraging quality guild selection and active voting to avoid voter apathy, a common concern in DPoS blockchains. Furthermore, the Genesis Block Member (GBM) program, designed to reward long-term community members, alongside the inflation and deflation mechanisms, ensure a balanced, incentive-driven ecosystem. On a technical level, the platform provides smart contracts and a Random Number Generator (RNG) Smart Contract to facilitate various applications, especially in generating digital collectibles or NFTs, addressing common challenges developers face with integrating random values in blockchain-based applications. Through these features, WAX aims to offer a cost-effective, user-friendly platform for a wide range of monetization strategies in the digital goods market.
Tokenomics
Total supply: 3,770,303,327
Max supply: 3,770,303,327
How to buy WAX (WAXP)
Consider investing in WAX (WAXP)? It only takes 2 minutes to create an account on Bitget and start trading WAXP.
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Spot market
WAX (WAXP) Resources
Simple 3-step guide to buying WAXP today in Canada
Create your free Bitget account
Select a funding method
Complete your WAX purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for WAX using a payment method of your choice:
Buy WAX with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your WAX order.
How to buy crypto with credit/debit cardBuy WAX with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into WAX is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your WAX order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your WAX order.Buy WAX with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your WAX order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor WAX in your Bitget spot wallet
Bitget—where the world trades WAX
How to buy WAX for free
- Learn how to earn WAX for free through the Learn2Earn promotion
- Earn free WAX by inviting friends to join Bitget's Assist2Earn promotion
- Receive free WAX airdrops by joining On-going challenges and promotions
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