
Waves Exchange (WX)
Key data
updated $0Waves Exchange (WX) is the native token of Waves.Exchange, a decentralized platform for trading and managing digital assets. WX facilitates transactions, governance, and provides utility within the ecosystem.
Frequently asked questions
What is Waves Exchange (WX) and how is it different?
WX is the utility token of Waves.Exchange, a decentralized trading platform. Unlike centralized exchanges, it offers full user control over assets with no intermediaries.
How does the technology behind WX work?
WX operates on the Waves blockchain, using a Proof-of-Stake (PoS) consensus for fast, low-cost transactions. Smart contracts enable decentralized trading and asset management.
How is WX issued and distributed?
WX has a fixed supply, with tokens distributed through ecosystem participation, including trading, staking, and governance activities. No further minting is possible.
How can I store and use WX?
WX can be stored in any Waves-compatible wallet, like Waves.Exchange’s web wallet. It’s used for trading fees, staking rewards, and voting in governance proposals.