Question 1

What is Worldwide Asset eXchange?

Accepted Answer

Worldwide Asset eXchange is a blockchain-based platform specifically designed for trading Non-Fungible Tokens (NFTs) and other game assets from a plethora of Player-to-Earn (P2E) gaming environments. Initially conceptualized to support e-commerce, WAX later tailored its focus to P2E gaming and NFT niches, emerging as a vast marketplace for gaming assets.

Question 2

Who created the Worldwide Asset eXchange?

Accepted Answer

The brainchild of John Brechisci, Jonathan Yantis, William Quigley, and Brent Cohen, WAX was first established in 2015 as OPSkins, an online marketplace for gaming asset trade. The founders then transitioned the concept to a blockchain environment in 2017, leading to the official launch of WAX in July 2019. Built on the base of EOS (EOS) chain, WAX maintains backward compatibility, allowing for smooth porting of decentralized applications (dApps) developed and used on EOS.

Question 3

What is $WAXP used for?

Accepted Answer

The native cryptocurrency of WAX is known as $WAXP, playing a critical role in facilitating all NFT asset trading on the platform. The token is used for payments, both for assets and store creation, making it a valuable asset for NFT or blockchain gaming enthusiasts. As one of the top ten P2E cryptocurrencies by market cap, WAXP stands as one of the largest P2E-related blockchain coins.

The WAXP token model is built around the principles of staking, rewards, and voting, encouraging community participation and ecosystem growth. WAXP Staking Rewards enable token holders to vote on the WAX Blockchain and earn rewards for their participation. The platform also employs a Delegated Proof of Stake (DPoS) decentralized consensus algorithm to enhance the performance of applications on the blockchain and incentivize honesty within WAX Guilds. The staking and reward mechanisms work together to facilitate no-fee transactions, enhancing the overall user experience.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	WAXP-USDT WAXPUSDT	binance	AA	0.004850USDT	0.83%	52,205,946.00WAXP	3,059	0.004810USDT	0.004900USDT
2	WAXP-USDT WAXP_USDT	whitebit	BB	0.004848USDT	1.04%	15,611,600.15WAXP	11,430	0.004798USDT	0.004909USDT
3	WAXP-USDT WAXP-USDT	okex	A	0.004844USDT	0.71%	6,389,011.69WAXP	495	0.004810USDT	0.004897USDT
4	WAXP-USDT WAXPUSDT	bybit	A	0.004844USDT	0.87%	5,962,084.90WAXP	551	0.004802USDT	0.004899USDT
5	WAXP-USDC WAXP_USDC	whitebit	BB	0.004858USDC	1.10%	4,108,473.86WAXP	407	0.004805USDC	0.004906USDC
6	WAXP-USDT WAXP_USDT	gateio	A	0.004861USDT	2.04%	769,191.00WAXP	194	0.004764USDT	0.004889USDT
7	WAXP-USD WAXP_USD	cryptodotcom	AA	0.004843USD	-0.14%	375,311.00WAXP	25	0.004850USD	0.004891USD
8	WAXP-USDC WAXP-USDC	okex	A	0.004929USDC	0.00%	0WAXP	0	0.004929USDC	0.004929USDC
9	WAXP-USD WAXP-USD	okex	A	0.004806USD	0.21%	57,213.71WAXP	8	0.004796USD	0.004843USD
10	WAXP-EUR WAXP-EUR	okex	A	0.004104EUR	0.00%	0WAXP	0	0.004104EUR	0.004104EUR
11	WAXP-KRW KRW-WAXP	upbit	B	6.70KRW	1.82%	43,541,431.52WAXP	1,211	6.58KRW	6.78KRW
12	WAXP-USDT waxp_usdt	xtpub	-	0.004850USDT	0.83%	25,084,332.00WAXP	2,148	0.004810USDT	0.004900USDT
13	WAXP-KRW WAXP_KRW	bithumbkorea	-	6.71KRW	1.71%	24,944,665.67WAXP	499	6.59KRW	6.74KRW
14	WAXP-USDT WAXP_USDT	bitunix	C	0.004850USDT	1.04%	14,848,409.00WAXP	5,920	0.004800USDT	0.004900USDT
15	WAXP-USDT WAXP_USDT	bydfi	-	0.004850USDT	1.04%	11,964,832.00WAXP	1,026	0.004800USDT	0.004900USDT
16	WAXP-USDT WAXPUSDT	mexc	C	0.004851USDT	0.94%	11,523,531.02WAXP	2,974	0.004806USDT	0.004904USDT
17	WAXP-USDT WAXP-USDT	bingx	D	0.004850USDT	1.04%	7,103,855.98WAXP	4,889	0.004800USDT	0.004920USDT
18	WAXP-USDT WAXPUSDT	hitbtc	E	0.004847USDT	0.72%	4,039,645.00WAXP	1,018	0.004812USDT	0.004903USDT
19	WAXP-USDT WAXPUSDT	latoken	D	0.004833USDT	0.86%	2,990,557.83WAXP	1,263	0.004792USDT	0.004882USDT
20	WAXP-USDT WAXPUSDT	bitrue	D	0.004850USDT	1.04%	823,520.00WAXP	398	0.004800USDT	0.004920USDT
21	WAXP-EUR WAXP-EUR	bitvavo	B	0.004197EUR	1.29%	216,105.94WAXP	54	0.004143EUR	0.004222EUR
22	WAXP-USDT WAXPUSDT	coinex	C	0.004834USDT	1.64%	111,281.83WAXP	1,426	0.004756USDT	0.004844USDT
23	WAXP-INR WAXPINR	coindcx	-	0.4940INR	1.79%	53,029.26WAXP	37	0.4853INR	0.4958INR
24	WAXP-KRW waxp_krw	korbit	C	9.85KRW	37.03%	46,811.27WAXP	2	7.19KRW	9.85KRW
25	WAXP-USDT waxpusdt	huobipro	C	0.004132USDT	0.00%	0WAXP	0	0.004132USDT	0.004132USDT
26	WAXP-BTC BTC-WAXP	upbit	B	0.0₇5999BTC	0.00%	0WAXP	0	0.0₇5999BTC	0.0₇5999BTC
27	WAXP-USDT WAXPUSDT	binanceusa	B	0.004770USDT	0.00%	0WAXP	0	0.004770USDT	0.004770USDT
28	WAXP-INR WAX_INR	unocoin	-	0.5100INR	0.00%	0WAXP	0	0.5100INR	0.5100INR
29	WAXP-BTC WAXPBTC	hitbtc	E	0.0₇7190BTC	0.00%	0WAXP	0	0.0₇7190BTC	0.0₇7190BTC