WAX Coin is the native utility cryptocurrency of the WAXP blockchain.
What is WAX (WAXP)?
WAX (WAXP) is a purpose-built blockchain designed to make e-commerce transactions faster, simpler, and more secure. WAX was launched in 2017 and uses DPoS as its consensus mechanism. It is fully compatible with EOS. The special advantages and incentive mechanisms developed by WAX are optimized for use in e-commerce.
WAX has created a blockchain-based toolkit that can be built on decentralized application marketplaces and NFTs. WAX Cloud Wallet, services like SSO and OAUTH support e-commerce transactions, as well as RNG service and a developer portal.
The blockchain architecture of WAX supports 500-millisecond block times and zero-fee transactions for users. Additionally, voting rewards are used to encourage participation in the selection of block producers and improvement proposals.
WAX has a WAX-to-Ethereum bridge that allows WAXP token holders to convert their tokens into WAXE, an Ethereum-based ERC-20 utility token. Users who want to participate in WAX tokenomics must burn their WAXP tokens to pass them through the Ethereum bridge. Then, WAXE tokens must be staked in the Ethereum distribution contract.
Where to Buy WAXP Coin?
WAXP Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. WAX Coin is traded on the Binance platform in WAXP/BTC, WAXP/BNB, WAXP/USDT, and WAXP/BUSD pairs.
To purchase WAXP Coin, you must first become a member of the Binance exchange. After completing the membership, you need to transfer cryptocurrency or fiat currency to the Binance account wallet. Once the transfer is completed, you can buy WAX Coin from the four pairs mentioned above. To purchase from the WAXP/USDT trading pair, you must first go to the interface of this pair. In the WAXP/USDT interface, enter the desired amount in the field specified in the limit tab. After specifying the amount, the purchase is made by placing a Buy WAXP order.
