Santa Clarita, Jan 06, 2022 (GLOBE NEWSWIRE) – WaxDynasty.com is a recently launched new website that focuses on news related to the Worldwide Asset eXchange (WAX) and other coins and cryptocurrencies. Founded in 2017, WAX has been considered the most environmentally friendly blockchain for collectibles, NFT games and video games worldwide. The WAXP code can be used to purchase NFT games, computer games, and collectibles. There is also a blog site for WAXP and other coins at waxmetaverse.blogspot.com, where his recent article lists WAXP among the top three Metaverse Space coins for 2022 that are all under $1.
Metaverse is a network of 3D virtual worlds focused on social connection. Metaverse projects on blockchain networks are funded by redeemable tokens. These are divisible tokens and can be interchanged. With these tokens, people can purchase digital assets, including virtual real estate or avatar costumes. Some metaverse cryptocurrencies can also allow their holders to vote on decisions made within the metaverse platform, including what new features should be released first and where the funds should be invested. Theoretically, when the value of digital real estate and other types of digital assets increases, the value of the tokens associated with them will also rise. In addition, some metaverse platforms burn all the tokens used to purchase digital assets, thus permanently removing them from circulation which increases the value of the remaining tokens.
Millions of dollars are spent by companies investing in the metaverse. However, only time will tell if there will be mass adoption and usher in an era of barrier-free digital interaction. The alternative is that it might just become a niche product meant for gamers and those who love the technology of the future. It is not yet known how the metaverse will develop.
WAXP is a purpose-built blockchain designed to make e-commerce transactions simpler, faster and more secure for everyone who participates. To do this, the blockchain uses Delegated Proof of Stake (DPoS) as a consensus mechanism. It is fully compatible with EOS.
The incentive mechanisms and special features of WAX coin are to improve the utility of the blockchain especially for e-commerce to encourage voting on offers. To allow this to happen, WAX has developed a suite of blockchain-based tools upon which non-fungible tokens and decentralized application (DApp) marketplaces can be built. WAX services such as WAX Cloud Wallet, OAUTH, and SSO all support e-commerce operations, and the WAX blockchain architecture can support transactions without fees and a block time of 500 milliseconds for customers. It also offers voting bonuses to motivate participation in the selection of block producers and improvement suggestions.
WAX was founded by William Quigley and Jonathan Yantis. William Quigley is a graduate of the University of Southern California and worked at Disney. After leaving Disney, he earned a master’s degree in business administration and became a venture capitalist. Later, he held the position of Managing Director of Idealab. Aside from founding WAX, he is also the Managing Director of Magnetic. Meanwhile, Jonathan Yantis is COO of WAX as well as COO of OPSkins.
MAX differs from other tokens in that it uses a WAXP-to-Ethereum bridge that allows converting WAXP tokens to WAXE, an Ethereum-based ERC20 utility token. Users who want to participate in WAX tokens will have to burn their WAXP tokens to get WAXE via the Ethereum Bridge, after which they will have to share the WAXE tokens in an Ethereum distribution contract. WAXG acts as an Ethereum-based governance ERC20 token that is distributed on WAXE with the distribution being based on a specific schedule and fitting a small portion of the WAXE suite of economic activity. This pool is a smart contract where the generated WAX fee is pooled and can be converted into ETH which will be distributed to WAXE stakers. For those who want to know where to buy WAX, the leading cryptocurrency exchanges are Binance, KuCoin, Gate.io, Huobi Global, and HitBTC.
Those interested in learning more about the WAXP token and other coins can check out the Wax Dynasty website at https://waxdynasty.com, or contact them by phone or email.
For more information on WaxDynasty.com, contact the company here:
Santa Clarita, California