Question 1

What's the Current Price of WAX (WAXP)?

Accepted Answer

The current price of WAX (WAXP) is XRP 0.00407234 with a 24-hour trading volume of 1.2M. In the past 24 hours, the price has increased by +0.33%.

Question 2

What is WAX (WAXP)?

Accepted Answer

WAX is a purpose-built blockchain designed to facilitate more effective and safer e-commerce transactions. Leveraging a protocol token and a suite of blockchain-based tools, WAX enhances the overall experience for all participants in an e-commerce operation. It also supports the creation of decentralized applications (dApps), marketplaces, and native non-fungible tokens (NFTs), strengthening the ecosystem of digital commerce.

Question 3

What Makes WAX Unique?

Accepted Answer

What sets WAX apart is its robust architecture features. With an exceptional block time of 500 milliseconds and fee-less services for customers, it optimizes the process of e-commerce like never before. Notably, it uses Delegated Proof of Stake (DPoS) as its consensus mechanism, and is fully backward compatible with EOS. WAX also comes with a range of tools such as the WAX Cloud Wallet, SSO and OAUTH, a native RNG service, and a developer portal. These tools are designed to supplement e-commerce operations and improve WAX's usability.

Question 4

Who Are Behind the Creation of WAX?

Accepted Answer

Although the specific creator or team behind WAX wasn't provided, it is evident that the platform has been designed by a knowledgeable team well-versed in e-commerce and blockchain technology. They developed WAX with custom features and incentive mechanisms to not only increase its usability in online commerce but also to encourage community participation in voting for block producers and proposals.

Question 5

How Does WAX Work?

Accepted Answer

Working as a dedicated e-commerce blockchain, WAX uses a protocol token for transactions, enabling faster, easier, and safer deals. It operates on a Delegated Proof of Stake (DPoS) consensus mechanism and boasts 500-millisecond block times, which enhances efficiency and speed in transactions. Further, WAX has a variety of e-commerce support tools and services that users and developers can leverage. It offers a WAX Cloud Wallet for secure asset storage, Single Sign-On (SSO) and OAUTH for easy authentication, and a native RNG service for random number generation. There is also a developer portal where resources and assistance for building on the WAX blockchain are made available.

Question 6

What's the Market Cap and Circulation of WAX (WAXP)?

Accepted Answer

The market capitalization of WAX (WAXP) is currently XRP 19.1M, ranking at #743 in global cryptocurrencies. With regards to coin distribution, there is a circulating supply of 4.7B WAXP out of a total supply of 4.7B.

Question 7

Where Can I Purchase WAX (WAXP)?

Accepted Answer

WAX (WAXP) is available for purchase on several cryptocurrency exchanges. Here is a list of those currently offering WAX - CoinEx, Korbit, Binance US, Huobi.

Question 8

How to Keep My WAX (WAXP) Safe?

Accepted Answer

Just like other cryptocurrencies, the safety of your WAX (WAXP) relies heavily on the precautions you take. Using secure wallets like the WAX Cloud Wallet is recommended. Ensure your computer and devices are protected with updated antivirus software, and never share your private keys or passwords. Always perform transactions and trades on trusted and reputed platforms.

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