Blockchain technology allows us to meet increasingly specific needs. In the modern world, there are several hundred million video games trading digital objects, and the number of players is approaching two billion. The WAX platform acts as a dispatcher in this scheme. Today we are looking at the Wax token - a bridge between the real and virtual world.
The listing of new tokens of the crypto exchange Bitfinex includes the altcoin Wax, which differs from many in its specifics. This digital currency provides interaction between the real and virtual worlds.
Team
The development team has extensive experience working with similar projects. At one time, she launched the popular OPSkins platform.
Among the founders are representatives of successful digital companies in trading, the crypto industry and video game developers.
William Quigley CEO is a well-known venture capitalist. Malcolm Cassell is the President and CEO of OPSkins. Jonathan Yantis, inventor of the concept of virtual trading with real money and creator of the first virtual goods market IGE.
Project
The Worldwide Asset Exchange (WAX) project is being developed for use in the computer games industry.
This is a global platform for trading digital goods in real time. The platform is intended for 400 million gamers and guarantees safe trading of game items around the world and allows you to create your own virtual store on a single platform. Worldwide Asset Exchange unites participants and guarantees an instant payment system thanks to blockchain technology and smart contracts built into the platform with a set of relevant tools and functions.
Competitors
There are similar platforms on the market such as OPSkins and Skincoin. The main advantage of WAX is a decentralized network, a working skin store and the availability of tokens.
Token
The cryptocurrency is developed using OPSkins algorithms and integrated into a single network. Within the system, the token is positioned as a full-fledged means of payment for settlements between users. WAX tokens make it possible to trade in-game goods on the virtual market and manage a personal exchange of virtual objects, buy virtual objects in video games and exchange them for cryptocurrency. Upon registration, the user receives access to trading functionality and an individual wallet. The main value of WAX tokens lies in their ability to trade game skins. You can store coins in any type of wallet..
The WAX token is traded on many exchanges, particularly Huobi, via BTC or ET; on the Binance, Bittrex, Tidex exchanges, as well as the EtherDelta resource.
The total capitalization of the coin is 127 million, the place in terms of capitalization is 95.
Summary
The project has provided the global community of gamers with its own virtual exchange of game values, WAX.
The specifics of the project and the scope of application of tokens make it interesting specifically for this target audience. The WAX platform does not solve any global problems in the digital industry. The prospects for investments can be considered in terms of the chosen direction for development - the gaming industry. It is expanding rapidly and is adopting new technologies faster than many other industries. However, one should also take into account standard risks associated with the quality of the technical implementation of the project, as well as competition with similar platforms.
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