What is a WAX 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. WAX is designed to serve the 400+ million online players who already collect, buy, and sell in-game items. With WAX, gamers can buy and sell their items directly on WAX Platform Alliances participating marketplaces without paying excessive fees, having to deal with authenticity concerns, or trusting third-party centralized platforms. The WAX Token Protocol facilitates complete decentralization of the web-based marketplace by:
- providing a decentralized transaction system for marketplaces on the WAX blockchain;
- rewarding WAX Guilds that perform actions that benefit WAX ecosystem participants including item listing, transaction processing, and customer service;
- allowing WAX stakers to select WAX Guilds based on their reputations to receive payments for their participation in governing the WAX Blockchain.
The WAX community will use the WAX Token Protocol to launch an infinite number of web-based marketplaces that use the power of blockchain technology to instantly onboard millions of global users. Unlike other decentralized platforms that are focused on development, programming, and technology, WAX is designed for mainstream consumers, merchants, and developers.
Who created WAX cryptocurrency?
WAX is a cryptocurrency that was created in order to make it easier to trade virtual assets. The WAX token is based on the Ethereum blockchain, and it is designed to be used by video game players and other digital content creators. The WAX platform allows users to create their own virtual marketplace, and it also provides a payment system that is intended to be used by online businesses. WAX was founded by a team of experienced entrepreneurs and developers, and the WAX token was launched in December 2017. Since its launch, WAX has become one of the leading cryptocurrencies in the world, with a market capitalization of over $1 billion. WAX is traded on many major cryptocurrency exchanges, and it can be used to purchase a wide variety of digital goods and services.
Where can I buy WAX coins?
The WAX token is the native currency of the WAX blockchain and can be used to purchase in-game items, cosmetics, and other virtual goods. WAX coins can be bought and sold on a number of different exchanges, including Changelly. WAX is also available for purchase with fiat currency on several platforms, such as Coinbase and Kraken. In addition, WAX can be bought directly from the WAX website using a credit card or PayPal account.
Can I buy a WAX token with a credit or debit card?
WAX tokens are available for purchase with a credit card, Visa or Mastercard. If you enter the region of your country on our order page we'll match up any fiat currencies that support this area - resulting in an incredibly positive experience from start-to finish!
Can I buy WAX with PayPal?
Even though PayPal is a popular way to buy and sell cryptocurrency, it cannot be used on all exchanges because some providers like Changelly don't support this payment method due their strict AML policy which requires more information from customers before processing payments via the platform.
Where can I store my WAX coins?
WAX tokens can be stored on any Ethereum-compatible wallet, such as MetaMask or MyEtherWallet. WAX is a ERC20 token, so it is compatible with any wallet that supports this standard. WAX can also be stored on hardware wallets like the Ledger Nano S or Trezor. These wallets provide extra security by keeping your private keys offline and out of reach of hackers. Finally, WAX can be purchased and stored on a number of cryptocurrency exchanges, though this is generally not recommended as it exposes your coins to the risk of theft or loss. Ultimately, it is up to the individual WAX holder to decide where to store their coins.