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WAX

WAX (WAXP)

$ 0.01
0.51 %
Main info
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Market cap
$27.54M
0.51 %
Volume (24h)
$679.06K
0.51 %
Circulating supply
4,458,628,895 WAXP
Total supply
4,463,507,667 WAXP
Max. supply
3,770,303,327 WAXP

About WAX

Consensus Mechanism

The WAX Blockchain uses Delegated Proof of Stake (DPoS) as its consensus mechanism and is meant to be fully backward compatible with EOS.

E-Commerce Optimization

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.

Blockchain Tools

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 an interactive block explorer, wallet, SSO and OAUTH, item creation, an RNG service, interactive item viewers, marketplace creation, and more.

Technology Highlights

The resulting technology 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.

Key data

updated $0
Market cap$27.54M
Volume 24h$679.06K
Circulating supply4.46B100% of max 3.77B
All-time high$2.77-100% from peak · 2018-01-08

WAX (ticker WAXP) is a blockchain platform built specifically for digital collectibles, NFTs, gaming, and e-commerce. Think of it as a purpose-built network where trading virtual items — from game skins to trading cards — is fast and cheap. It uses a Delegated Proof of Stake system, so instead of energy-hungry mining rigs, elected block producers keep the network running.

Frequently asked questions

What is WAX and how is it different from other blockchains?

WAX is a layer-1 blockchain designed from the ground up for NFTs, gaming, and virtual marketplaces rather than general-purpose finance. While Ethereum or Bitcoin handle broad use cases, WAX focuses on making digital collectible trading fast, fee-friendly, and beginner-accessible. Its native token WAXP powers transactions, staking, and governance on the network.

How does WAX's consensus mechanism work?

WAX uses Delegated Proof of Stake (DPoS), where token holders vote to elect a small group of block producers who validate transactions. This design allows very fast block times and high throughput without energy-intensive mining. Holders can also stake WAXP to participate in voting and earn rewards for helping secure the network.

How is WAXP issued and is there a supply limit?

WAXP has a hard cap of 3,770,303,327 coins, meaning total supply is fixed and no more tokens can ever be created beyond that limit. New WAXP enters circulation through block rewards paid to the elected producers and staking incentives. The token is mineable in the sense that network participants earn rewards for supporting block production.

How can you store and use WAXP?

WAXP can be held in the official WAX Cloud Wallet, which works through a simple login, or in hardware and third-party wallets that support the token. It's used to buy NFTs and in-game items on WAX marketplaces, stake for voting power and rewards, and pay network fees. The official site wax.io is the best starting point for wallets, dApps, and marketplaces.