WAXWAXPunranked 11 May, 2022

WAX (WAXP) stands for Worldwide Asset Exchange, a blockchain and protocol token purpose-built to fulfill the special requirements of both facets and enabling trading of virtual and physical items anywhere in the world. Built on the Ethereum platform in 2017 and offering full backwards compatibility with EOS, WAX’s blockchain uses Delegated Proof-of-stake to make e-commerce transactions as pain-free as possible. Users harness WAX’s inherent flexibility to any number of uses: building e-commerce stores, selling second-hand shoes to someone on the other side of the world or developing games are just a few examples of the platform’s near-limitless capacity to enable online trading. Meanwhile, voting and rewards incentivise community input to optimise usability and the platform’s continuous evolution. WAX DApps are built on a suite of blockchain tools, alongside marketplaces and NFTs; with feeless transactions and blocktimes of just half a second, WAX offers speed as well as free transfers to supplement its burgeoning marketplace.