Worldwide Asset eXchange or WAX is planning to be the first service to combine the gaming industry’s huge popularity with the technological advancements of blockchain technology. It’s no secret that the gaming industry is one of the most successful and it has become even more popular with the recent global pandemic. Now, the team at WAX is hoping to bring decentralization and transparency to a whole new level and integrate it into this huge industry.

WAX crypto stands for Worldwide Asset eXchange and it’s basically a blockchain created especially for virtual items. This includes virtual worlds (like video games) and collectible items. It is also a dapp platform and a decentralized marketplace that only focuses on video games. The idea behind this project is to allow gamers to actually own and trade their virtual items directly. This will eliminate the need for a video game network or provider. Here are more details about WAX crypto!

How did WAX begin?

The co-founders of WAX are Jonathan Yantis (the current COO) and William Quigley (the current CEO). It all began back in 2004. Back then, a peer-to-peer market was created with the sole purpose of selling World of Warcraft items for money. Much later, in 2015, OPSkin is created and became the biggest video game asset marketplace ever. Two years later, in 2017, the final WAX ICO is done and released.

It’s also worth noting that the team behind the WAX project is specialized in virtual item trading. This makes them the perfect individuals to create such a blockchain. Considering that OPSkins is an industry leader with millions of customers, WAX is definitely to be trusted. The same team is building the WAX protocol meaning that this new blockchain will definitely benefit from these people’s experience and knowledge.

How does it work?

The WAX blockchain uses Delegated Proof of State as its consensus algorithm. This is due to the fact that the team wants to achieve scalability as well as speed. Token holders (called WAX crypto) use them to vote for 21 special WAX Guilds. These can win rewards for creating blocks within the WAX blockchain.

The native token of the WAX blockchain is called WAX crypto. Anyone can trade or buy it on most major exchanges. However, if you want to do that, you will need a special digital wallet that is compatible with the WAX network. Besides that, anyone can use WAX crypto as a normal digital coin, to buy virtual goods or to pay various fees for smart contracts.

The future definitely looks bright for the WAX blockchain as well as for its WAX crypto. The Wax Worker Proposal System will reward the people who are improving the blockchain with tokens. Meanwhile, the Wax Creator program will reward individuals who are using it to create NFTs. So far, over 150,000 NFTs have been created using this program.

Recommendations

In part this article we will recommend a trustworthy and easy-to-use online trading broker called AlphaFXC Trading. According to them, their offer will attract both new and experienced buyers. That’s mainly because of the trading platforms that have been designed to be user-friendly. The same is true with their six separate account forms.

Each of them has a unique toolset and advantages based on the user’s level of experience. This broker’s ultimate aim is to provide each of its clients with a tailored trading experience. People need to enjoy a truly customizable trading practice, learn simple trading skills, or build on their current ones. The official AlphaFXC Trading website can clear any doubts that you may have concerning its trading advantages.

Our second recommendation of the day is FinAcademy. This is a platform run by a team of professionals with over 20 years of experience, FinAcademy is the one responsible for trading education for beginners and experienced alike. The main purpose of this team is to take an active part in training individuals towards a successful and efficient trading career.

FinAcademy offers e-books and courses along with trading rooms, signals, and webinars for those who really want to start learning how to trade. Their intuitive and easily accessible platform was created to help people learn and improve every step of the way. The hope is to create like-minded people with a passion for trading. These people will most likely start earning big as soon as possible. You can find all the necessary details on the official website of the academy.