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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Trading Insights
Searched
15
Market Stats
Market Cap
ARS 117.03B
-3.93%
FDV
ARS 100.31B
Circ. Supply
4.4B WAXP
Max Supply
3.8B WAXP
Total Supply
4.4B WAXP
Diluted Valuation
ARS 100.31B
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
ARS 4.59B
6.94%
Volume (7D)
ARS 29.69B
Volume (30D)
ARS 118.65B
All time high
ARS 5.91K
Price Change (1Y)
-56%
Additional info about WAX
Recent trends
The latest WAXP price is ARS 26.62. Compared to WAX's value of ARS 27.68 from 24 hours ago, there's been a -4% decrease, while the current price is 5% up from ARS 25.15 which was recorded one week ago. WAX's all time high is ARS 5,914.41, which was reached on December 21, 2017. This is a -100% change from its price today.
The current circulating supply of WAX is 4,398,904,145. This is 117% of its max supply of 3,770,303,327 WAXP and 100% of its total supply of 4,403,697,893. The market cap is currently ARS 117.03B, which is a result of multiplying the current price of WAX(ARS 26.62) by the total supply(4,403,697,893 WAXP). The fully diluted valuation of WAX is ARS 100.31B. The diluted valuation of WAX is ARS 100.31B.
Market details
WAXP vs markets
↘ 68.97%
WAXP vs BTC
↘ 72.79%
WAXP vs ETH
↘ 44.9%
Tags
media
collectibles-nfts
gaming
entertainment
+4
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x2A79324c19Ef2B89Ea98b23BC669B7E7c9f8A517 |
Price history
Time | Price | Change |
|---|---|---|
Today | ARS 26.62 | ↘ 3.89% |
1 Day | ARS 27.68 | ↘ 3.89% |
1 Week | ARS 25.15 | ↗ 4.91% |
1 Month | ARS 31.70 | ↘ 17.12% |
1 Year | ARS 37.95 | ↘ 56.00% |
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 ARS currency in real-time. Get the live price of WAX on Coinbase.
The current market cap of WAX is ARS 117.03B. A high market cap implies that the asset is highly valued by the market.
The all-time high of WAX is ARS 5,914.41. 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 ARS 4.59B.
Assets that have a similar market cap to WAX include Altlayer, MSQUARE GLOBAL, BICONOMY (BICO), 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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