[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  CryptoJournaal [@CryptoJournaal](/creator/twitter/CryptoJournaal) on x 18.5K followers Created: 2025-07-23 06:30:10 UTC #WAX ( $WAXP ) - #Explainer 💡 What is WAX ( $WAXP )? WAX, or Worldwide Asset eXchange, is a specialized blockchain launched in 2017 with the goal of simplifying digital commerce, especially for non-fungible tokens (NFTs), in-game items, and digital collectibles. The platform originated from the founders’ experience with OPSkins, a leading marketplace for gaming assets. WAX enables users to trade virtual goods quickly, securely, and with minimal transaction fees. By combining blockchain technology with gaming/e-commerce, the platform provides solutions for issues such as fraud, low transaction speeds, and high costs. $WAXP is the native utility and governance token of the WAX ecosystem. It is used for transaction fees, staking, voting on block producers, and facilitating trade within the network. #CryptoEcosystem ⚙️ How does WAX work? WAX uses a Delegated Proof of Stake (DPoS) consensus mechanism, where token holders stake their $WAXP to vote on “guilds” responsible for producing blocks and securing the network. This ensures fast transaction validation and low energy consumption. Key components of the WAX ecosystem are: 🔸 Block time and transaction fees: The block time is XXX seconds, one of the fastest in the blockchain world. This enables real-time trading and microtransactions without noticeable delays. Transaction fees are almost negligible because the DPoS mechanism is efficient and there are no high gas fees like on Ethereum. 🔸 Interoperability and bridges: WAX is compatible with the EOS blockchain and offers a bridge to Ethereum. This allows users to convert $WAXP into $WAXE (an ERC-20 token) and participate in governance and DeFi activities across multiple blockchains. 🔸 Developer tools and infrastructure: WAX offers extensive tools such as the WAX Cloud Wallet for easy access without private keys, Single Sign-On (SSO) for website integration, and a Native Random Number Generator (RNG) essential for fair gaming applications. Additionally, there are marketplaces, NFT-minting tools, and a developer portal to build dApps and games. 🔸 Deflationary token mechanism: With every transaction, a small percentage of $WAXP is burned, slowly decreasing the total token supply. This can support the token’s value in the long term. #BlockchainInnovation 🪙 The role of $WAXP $WAXP plays a versatile role within the ecosystem: 🔸 Governance: Token holders vote on block producers responsible for network security and transaction processing. This keeps the network decentralized and community-driven. 🔸 Staking: Users can stake $WAXP to secure the network and earn rewards. Flexible staking options are available, including via WAXFusion, allowing accessible participation. 🔸 Rewards and farming: Besides staking, users can participate in liquidity pools on platforms like Alcor and TacoSwap, earning additional tokens by staking their $WAXP. #Tokenomics 🛠️ Key features: 🔸 Maximum total supply of $WAXP is XXXX billion tokens. 🔸 Circulating supply is approximately XXXX billion tokens, caused by token mechanisms like bridges and minting. 🔸 Deflationary model: part of $WAXP is burned with each transaction, reducing supply over time. 🔸 $WAXG is the governance token for Ethereum users, issued through staking to holders of $WAXE. #BlockchainProgress 📜 History and development: WAX was founded by the team behind OPSkins, experienced in online gaming marketplaces. The platform launched in 2017 and quickly grew into one of the largest NFT and gaming blockchains. WAX collaborates with major brands like Funko, Mattel, and Hasbro, and supports popular games such as Farmer’s World and Farming Tales. With integration of multiple blockchains and continuous addition of developer tools, WAX continues to expand. #CryptoHistory 💸 Market and user information: $WAXP is actively traded on well-known exchanges like Bybit, ApeX, WEEX, and Bitvavo. The current price is around €0.0164 ($0.0178 USD) with a market capitalization of approximately €72.35 million ($87.1 million USD). Trading volume varies, but recent activity and interest in gaming and NFTs are driving increased volumes. The all-time high of $WAXP was $XXXX in December 2017, followed by a long period of volatility. #MarketAnalysis ✅ Advantages of WAX: Fast transaction times and low costs, perfect for gaming and digital trade. Strong interoperability with EOS and Ethereum. Deflationary token model that promotes value creation. Active community and partnerships with major brands. #DeFiApplications ⚠️ Challenges and risks: High volatility in the crypto market can impact value and adoption. Competition from other blockchain platforms focusing on gaming and NFTs, such as Solana, Polygon, and Flow. Potential security risks and uncertainties around regulation. #CryptoChallenges 🛠️ Applications and adoption: WAX supports a growing ecosystem of NFT marketplaces, gaming dApps, and e-commerce applications. Cross-chain features increase accessibility and flexibility for users and developers. #DeFiAdoption 📊 Price and market performance: The price of $WAXP fluctuates, but underlying growth in users and transactions shows positive potential. Market data indicates demand for gaming- and NFT-related tokens continues to rise. #MarketVolatility 🔮 Future outlook: WAX is well positioned to grow further thanks to its focus on gaming, NFTs, and digital commerce. Deflationary mechanisms and interoperability across multiple blockchains support sustainable value development. New partnerships and product developments may create additional growth opportunities. #DeFiFuture 🎯 Conclusion: WAX ( $WAXP ) offers a powerful and versatile blockchain platform that caters to the growing market of digital collectibles, gaming, and e-commerce. With fast transactions, low fees, and a strong ecosystem, it is attractive to users and developers. Investors should, however, consider market volatility and risks related to regulation and competition. #CryptoConclusion 🤝 New Partnership: #WEEX #Exchange x @CryptoJournaal We’re excited to announce our official partnership with #WEEX — and that means massive rewards for YOU! 💥 💰 New users can claim up to $XXXXXX USDT in total bonuses: 🔐 XX USDT → secure your account 📥 Up to XXXXX USDT → deposit to futures wallet + start trading 📊 Up to XXXXXX USDT → futures trading volume rewards 🎯 All rewards stack – up to $30K total! 🟡 Use invite code bwbg to activate your bonus 👉 #Exchange #Rewards #Trading #Futures #Leverage ⚠️ Important Note: 🔹 This post is for educational purposes only and not financial advice! 🔹 Only invest what you are willing to lose! 📚 Useful resources and additional information: Want to dive deeper into the world of #WAX ( $WAXP ) or looking for the latest updates and developments? These links will help you stay up to date: 🔹GitHub: 🔹Website: 🔹Reddit: 🔹Telegram: 🔹X (Twitter): @WAX_io ----------------- 👇Follow us👇 ----------------- 🚨 Follow @CryptoJournaal – the go-to source for independent crypto information: 📰 News | 📊 Facts | 🧠 Insights | 🎓 Education 💬 No sponsored tokens 📜 Fully MiCAR-compliant 🔍 Knowledge over hype, always 📲 Join via: 🌐 Website: 📘 Facebook: 💬 Telegram: 👥 CryptoJournaal-AltcoinPedia Community: 🐦 X-profiel: #Altcoins #Bitcoin #CryptoNews #CryptoEducation #CryptoPrices  XXX engagements  **Related Topics** [waxp](/topic/waxp) [gaming](/topic/gaming) [nfts](/topic/nfts) [blockchain](/topic/blockchain) [specialized](/topic/specialized) [$waxp](/topic/$waxp) [coins layer 1](/topic/coins-layer-1) [coins nft](/topic/coins-nft) [Post Link](https://x.com/CryptoJournaal/status/1947907070340030593)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
CryptoJournaal @CryptoJournaal on x 18.5K followers
Created: 2025-07-23 06:30:10 UTC
#WAX ( $WAXP ) - #Explainer
💡 What is WAX ( $WAXP )?
WAX, or Worldwide Asset eXchange, is a specialized blockchain launched in 2017 with the goal of simplifying digital commerce, especially for non-fungible tokens (NFTs), in-game items, and digital collectibles. The platform originated from the founders’ experience with OPSkins, a leading marketplace for gaming assets.
WAX enables users to trade virtual goods quickly, securely, and with minimal transaction fees. By combining blockchain technology with gaming/e-commerce, the platform provides solutions for issues such as fraud, low transaction speeds, and high costs.
$WAXP is the native utility and governance token of the WAX ecosystem. It is used for transaction fees, staking, voting on block producers, and facilitating trade within the network.
#CryptoEcosystem
⚙️ How does WAX work?
WAX uses a Delegated Proof of Stake (DPoS) consensus mechanism, where token holders stake their $WAXP to vote on “guilds” responsible for producing blocks and securing the network. This ensures fast transaction validation and low energy consumption.
Key components of the WAX ecosystem are:
🔸 Block time and transaction fees:
The block time is XXX seconds, one of the fastest in the blockchain world. This enables real-time trading and microtransactions without noticeable delays.
Transaction fees are almost negligible because the DPoS mechanism is efficient and there are no high gas fees like on Ethereum.
🔸 Interoperability and bridges:
WAX is compatible with the EOS blockchain and offers a bridge to Ethereum. This allows users to convert $WAXP into $WAXE (an ERC-20 token) and participate in governance and DeFi activities across multiple blockchains.
🔸 Developer tools and infrastructure:
WAX offers extensive tools such as the WAX Cloud Wallet for easy access without private keys, Single Sign-On (SSO) for website integration, and a Native Random Number Generator (RNG) essential for fair gaming applications.
Additionally, there are marketplaces, NFT-minting tools, and a developer portal to build dApps and games.
🔸 Deflationary token mechanism:
With every transaction, a small percentage of $WAXP is burned, slowly decreasing the total token supply. This can support the token’s value in the long term.
#BlockchainInnovation
🪙 The role of $WAXP
$WAXP plays a versatile role within the ecosystem:
🔸 Governance:
Token holders vote on block producers responsible for network security and transaction processing. This keeps the network decentralized and community-driven.
🔸 Staking:
Users can stake $WAXP to secure the network and earn rewards. Flexible staking options are available, including via WAXFusion, allowing accessible participation.
🔸 Rewards and farming:
Besides staking, users can participate in liquidity pools on platforms like Alcor and TacoSwap, earning additional tokens by staking their $WAXP.
#Tokenomics
🛠️ Key features:
🔸 Maximum total supply of $WAXP is XXXX billion tokens.
🔸 Circulating supply is approximately XXXX billion tokens, caused by token mechanisms like bridges and minting.
🔸 Deflationary model: part of $WAXP is burned with each transaction, reducing supply over time.
🔸 $WAXG is the governance token for Ethereum users, issued through staking to holders of $WAXE.
#BlockchainProgress
📜 History and development:
WAX was founded by the team behind OPSkins, experienced in online gaming marketplaces. The platform launched in 2017 and quickly grew into one of the largest NFT and gaming blockchains.
WAX collaborates with major brands like Funko, Mattel, and Hasbro, and supports popular games such as Farmer’s World and Farming Tales.
With integration of multiple blockchains and continuous addition of developer tools, WAX continues to expand.
#CryptoHistory
💸 Market and user information:
$WAXP is actively traded on well-known exchanges like Bybit, ApeX, WEEX, and Bitvavo.
The current price is around €0.0164 ($0.0178 USD) with a market capitalization of approximately €72.35 million ($87.1 million USD).
Trading volume varies, but recent activity and interest in gaming and NFTs are driving increased volumes.
The all-time high of $WAXP was $XXXX in December 2017, followed by a long period of volatility.
#MarketAnalysis
✅ Advantages of WAX:
Fast transaction times and low costs, perfect for gaming and digital trade.
Strong interoperability with EOS and Ethereum.
Deflationary token model that promotes value creation.
Active community and partnerships with major brands.
#DeFiApplications
⚠️ Challenges and risks:
High volatility in the crypto market can impact value and adoption.
Competition from other blockchain platforms focusing on gaming and NFTs, such as Solana, Polygon, and Flow.
Potential security risks and uncertainties around regulation.
#CryptoChallenges
🛠️ Applications and adoption:
WAX supports a growing ecosystem of NFT marketplaces, gaming dApps, and e-commerce applications.
Cross-chain features increase accessibility and flexibility for users and developers.
#DeFiAdoption
📊 Price and market performance:
The price of $WAXP fluctuates, but underlying growth in users and transactions shows positive potential.
Market data indicates demand for gaming- and NFT-related tokens continues to rise.
#MarketVolatility
🔮 Future outlook:
WAX is well positioned to grow further thanks to its focus on gaming, NFTs, and digital commerce.
Deflationary mechanisms and interoperability across multiple blockchains support sustainable value development.
New partnerships and product developments may create additional growth opportunities.
#DeFiFuture
🎯 Conclusion:
WAX ( $WAXP ) offers a powerful and versatile blockchain platform that caters to the growing market of digital collectibles, gaming, and e-commerce.
With fast transactions, low fees, and a strong ecosystem, it is attractive to users and developers.
Investors should, however, consider market volatility and risks related to regulation and competition.
#CryptoConclusion
🤝 New Partnership: #WEEX #Exchange x @CryptoJournaal
We’re excited to announce our official partnership with #WEEX — and that means massive rewards for YOU! 💥
💰 New users can claim up to $XXXXXX USDT in total bonuses:
🔐 XX USDT → secure your account
📥 Up to XXXXX USDT → deposit to futures wallet + start trading
📊 Up to XXXXXX USDT → futures trading volume rewards
🎯 All rewards stack – up to $30K total!
🟡 Use invite code bwbg to activate your bonus
👉
#Exchange #Rewards #Trading #Futures #Leverage
⚠️ Important Note:
🔹 This post is for educational purposes only and not financial advice!
🔹 Only invest what you are willing to lose!
📚 Useful resources and additional information:
Want to dive deeper into the world of #WAX ( $WAXP ) or looking for the latest updates and developments?
These links will help you stay up to date:
🔹GitHub:
🔹Website:
🔹Reddit:
🔹Telegram:
🔹X (Twitter): @WAX_io
👇Follow us👇
🚨 Follow @CryptoJournaal – the go-to source for independent crypto information:
📰 News | 📊 Facts | 🧠 Insights | 🎓 Education
💬 No sponsored tokens 📜 Fully MiCAR-compliant 🔍 Knowledge over hype, always
📲 Join via:
🌐 Website:
📘 Facebook:
💬 Telegram:
👥 CryptoJournaal-AltcoinPedia Community:
🐦 X-profiel:
#Altcoins #Bitcoin #CryptoNews #CryptoEducation #CryptoPrices
XXX engagements
Related Topics waxp gaming nfts blockchain specialized $waxp coins layer 1 coins nft