WAX

Waxtoken is the WAX Platform will allow traders to create their own virtual stores on one decentralized platform.

1 Description
2 Features
3 Concept
4 WAX (WAX) Price
5 Wallets
6 Social media
7 See also
8 Resources

Description

WAX is a utility token

WAX is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. Developed by the founders of OPSkins, the world’s leading marketplace for online video game assets, WAX coin is designed to serve the 400+ million online players who already collect, buy and sell in-game items.

Harnessing the power of blockchain technology, WAX Tokens are utility tokens that allow virtual goods – and not just for use in video games – to easily be tokenized and exchanged for cryptocurrency. The smart contract underlying the transaction acts as the mechanism that permits trustless trading between buyers and sellers.. The WAX Platform will allow millions of traders to create their own virtual stores on one decentralized platform, providing instant payments, security, and trust services that will bring millions of new participants into a growing ecosystem.

The WAX platform allows the global pool of buyers and sellers to access a global supply of virtual goods while eliminating financial risks encountered in the prevailing consignment-based marketplace model.

WAX enables a new generation of virtual asset traders, similar to how earlier online marketplaces enabled entrepreneurs to become power sellers.

Features

WAX Token is far superior to other tokens within the digital asset trading space!
WAX was designed by Team OPSkins. Operators of the #1 digital marketplace in the world. They sell 2 million digital items PER WEEK.
WAX is the 3rd global marketplace built by the OPSkins team. The first two became #1 in their respective categories (virtual items, skins).
OPSkins is a multi-billion dollar business with millions of customers who love it.
The OPSkins team are HIGHLY RESPECTED in the crypto currency community. After they built their own bitcoin payment processing platform, OPSkins became one of the top 5 largest e-commerce sites globally for accepting bitcoin.
WAX Tokens facilitate the settlement of WAX smart contracts. Smart contracts that enable millions of gamers to trade digital items. 400 million such gamers covet and trade popular digital gaming assets today and will need to own WAX tokens to take advantage of this important decentralized platform.

Concept

WAX coin is designed to serve the 400+ million online players who already collect, buy and sell in-game digital items.

Using WAX’s simple exchange widget, buyers can select an item, provide payment in WAXtokens, and accept the item without having to leave the site they’re on. Seller’s items can be viewed and purchased by any buyer interacting with the WAX Platform.

The WAX Platform is a global virtual item repository, accessible to anyone, that provides a complete catalog of all items available for sale in real time. This providers users of WAX with access to a worldwide market, with all the advantages of blockchain technology.

Through decentralization, WAX coin will solve problems commonly experienced by digital item traders such as high payment processor fees, currency conversion fees, and limited access to inventory. By lifting these barriers to entry, the size of the existing items trading market will grow far beyond its current $50 billion size.