Key metricsKey metrics
PricePrice$0.0594
Asset TypeAsset TypePlatform
StructureStructureFor Profit Company
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorTrading
IndustryIndustryGaming
FoundedFounded15-Nov-2017
Funds raisedFunds raised9M
CountryCountryUnited States
Key personKey personWilliam Quigley

Wax (WAX) Information{coin_name} ({symbol}) Information

Worldwide Asset Exchange

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

Team OverviewTeam Overview

William Quigley
CEO, CO-FOUNDER
John Brechisci, Jr.
Lead Designer, CO-FOUNDER
Jonathan Yantis
COO, CO-FOUNDER
Malcolm CasSelle
President

OrganizationsOrganizations

Exposition Park Holdings

Floor 4, Willow House, Cricket Square, Grand Cayman, KY1-9010

RoadmapRoadmap

DateDate MilestoneMilestone
30-03-2018 Testnet
30-06-2018 Разработка альфа-версии
29-09-2018 Бета-версия продукта
29-12-2018 Запуск
30-03-2019 10 площадок
30-06-2019 50 площадок

Questions and AnswersQuestions and Answers

How will WAX use its blockchain?
Through the creation of the WAX token, a platform utility medium, WAX enables users to list items for sale, transact value between each other, settle the transfer of virtual goods, create and service contracts, propose and vote for WAX Guilds. The application of WAX Token is entirely focused on these functions, and developed to enforce security during the digital exchange. To meet the high throughput demand of markets, WAX will utilize a Delegated Proof of Stake (DPOS, further explanation below) consensus algorithm was selected, with selected confirming nodes, or “Guilds,” focusing on a single game. Virtual goods’ sales prices are listed in WAX Token; when a user wants to purchase the virtual asset, they pay with WAX Token. If the item is recorded in a different currency (through a site linking to the WAX Platform), the WAX Token must be converted by the listing agent at the current exchange rate at the time of purchase.
Who Is Working On WAX?
WAX is created by the same ownership and team that built OPSkins.com. OPSkins was established in 2015 and became the global marketplace leader for video game virtual assets. The company claims to have facilitated over 100+ million purchases annually for customers across nearly one-hundred countries. When created, OPSkins built a centralized solution to address the most significant needs of the marketplace and systematically reduced the failure rate of exchanges by creating liquidity, settlement due diligence, and shifting fraud loss to the platform rather than the consumer while allowing for cross-border executions. The CEO of the company is William Quigley was part of former Disney CFO of licensing, a member of idea lab, and many other venture capital opportunities. The team has advisors that worked on Call of Duty, the founder of Interplay Entertainment & inXile Entertainment, a World of Warcraft Executive, the Former CEO of Vivendi Universal Games.
Why is the WAX protocol asking for an initial 180M valuation?
This seems to be the question most people want to ask. Most people are comfortable with ICOs being valued around 60M and WAX is asking to raise 60M and have and value their protocol initially around 180M. The most important thing to realize is that WAX isn't two men in a shed asking for 60M because they can clone bitcoin or make an ERC20. WAX is creating a completely new blockchain, importing a multi-billion dollar a year company fully on the chain, and decentralizing their business processes so other parties can use the platform. The task in itself is massive to scale a vastly fragmented industry into one easy to use decentralized protocol. Not only is the task large but OPSkins is the largest company ever to convert to a blockchain protocol. Basic math suggests that valuing the protocol at ONLY 180M is a steal. William himself is adamant that OPSkins if sold, would fetch quite a bit more. The ICO is for funding development and getting a token (that should have inherited value) to the mass market without making it valueless (free) ruining their multi-billion dollar ecosystem.
What is keeping STEAM from shutting down WAX?
To date, STEAM has only shown a lack of support for gambling websites. STEAMs core values come from the platform and the games Valve develops. Secondary markets enhance their ecosystem and at this point could be viewed as necessary. If steam wanted something like WAX to be shut down they would have made moves several years back. Furthermore, the premise of developers being able to code items so that they're compatible with blockchain tech goes far beyond steam. Just like when Amazon started allowing 3rd party sellers, they quickly became the largest retailer in the world. For virtual items, blockchain will enable items to be traded across any number of channels with high security for both the buyer and seller.
Will WAX do mobile gaming?
While there is a massive number of gamers that are primed and ready for WAX, the number of mobile players are triple the size. The opportunity presented by the mobile market is huge. Mobile gaming is the natural next step for WAX. The guild system makes it so easy for anyone to set up a digital assets trading platform for mobile gaming assets, allowing for exponential growth.
How long will it take for OPSkins to be decentralized?
WAX plans on taking a step-by-step approach by integrating WAX into certain parts of OPSkins’s ecosystem. Due to the transactional volume of OPSkins, the necessary speed requires a new chain, not even the Ethereum chain can support the current trade volume of OPSkins. Early next year WAX will begin the process of moving sections of OPSkins business to a decentralized platform, and from there WAX will be able to expand to cover a more significant portion of the trade volume and, as the network grows, the entire OPSkins volume as well as the guilds.
How is WAX different from DMarket?
The similarities start at “gaming” and end at “token.” Wax is designed to facilitate the transfer of digital items using a smart contract. Dmarket is an erc20 token that is a “reskin.” In the gaming digital assets industry, WAX knows the value of a having a proper new product instead of a “reskin.” A gun with new guide-rails or a unique design will sell for more than one that merely has different colors. The business model of Dmarket is another huge difference, and it is this difference that WAX see their success and their failure. The go to market plan for Dmarket is to contact 5000 (!) game publishers and try to convince them to adopt a bitcoin reskin. Game publishers could not be less interested in the blockchain, let alone to choose a small company’s token. They claim in their whitepaper that there are nine things that they claim are necessary for their success. Item 9 is 500,000,000 people using their system. With their approach? Good luck.
What is a guild and why is it valuable for WAX?
Once someone acquired enough tokens and votes, they become a guild. Once a guild is formed, it activates the ability to have transfer agents. Transfer agents can move any asset between the buyer and the seller. This can be for any game where items are tradable, in any language, location, or platform. In short, anyone can form a guild and create a new marketplace. This is the real core of our decentralization methodology.
Why are the partnerships of Kyber, District0x, and Shapeshift importantly
These parties offer essential aspects of technical liquidity to the WAX marketplaces. Kyber specifically will allow WAX to accept nearly every cryptocurrency as a form of payment/conversions. Each partnership provides WAX to expand its ecosystem without increasing their technical debt.
Will converting skins to WAX be seamless off the back?
The WAX team is full of industry veterans, and WAX knows it will not be seamless. That said WAX will do an incredible job and have proven so with OPSkins. No other team in the world knows more about or has more experience with virtual trading items than the WAX team. The WAX founders and the team also have been heavily involved in blockchain development and funding since the beginning. The customer experience, once launched, will be smooth and exceptional as is expected of the market leaders. WAX will probably implement it game by game to ensure that this service fits the needs and peculiarity of each market. WAX will adapt, WAX will evolve.

TechnicalTechnical

Key metricsKey metrics
PrivacyPrivacyPseudonymous
AlgorithmAlgorithmEthash
ProofProofProof of work
Token InformationToken Information
Wax is a token on the ETH platform using the ERC-20 standard. The address of the token contract is 0x39Bb259F66E1C59d5ABEF88375979b4D20D98022.

Source Code Repositories

waxio/wax-api 19 Stars 1 Contributers 0 Open Issues

Send or receive WAX tokens easily from PHP

waxio/wax-erc20-delivery-contract 13 Stars 1 Contributers 0 Open Issues

Ethereum Smart Contract for delivery of WAX ERC20 tokens

waxio/waxio.github.io 6 Stars 0 Contributers 2 Open Issues

EconomicsEconomics

Tradeable CoinsTradeable Coins
942,732,360 (51% of total) ({tradeable_of_total} of total)

Rich List Addresses holding the largest balances

AddressAddress AmountAmount NameName
0x0000000000000000000000000053352140875266 559,000,000
0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98 118,071,594.693 Bittrex 1
0x9545491a0568c0d2f64105bc1c68c86b3cd27963 58,935,063.659
0x0000000000000000000000000053352140879625 52,346,990.952
0x0000000000000000000000000053352140310110 32,139,490.889
0xb30a8b177d15ca8a974a7a954f058363a0010cab 29,305,088.4
0x79cd2805ea9dbe68e189da9b0008fff5b2cb90df 25,625,019.006
0x65be133061cc0fc452348662f772c76794a07353 23,550,593.369
0xfdb16996831753d5331ff813c29a93c76834a0ad 19,997,780.307 Huobi 3
0xf06477d4112f0f646ef67df4a093d32a34fc1453 18,568,689.41
0xd03cf9fa773da40475baead68e59c954c5ac77b6 14,814,067.788
0x819f80fbe0249e7418a3059fc7bd610b38e0d1ea 12,746,840
0x0000000000000000000000000053352140917199 10,000,000
0x0000000000000000000000000053352140917156 10,000,000
0x0000000000000000000000000053352140921863 10,000,000
0x0000000000000000000000000053352140921837 10,000,000
0x0000000000000000000000000053352140916645 10,000,000
0x0000000000000000000000000053352140921845 10,000,000
0x0000000000000000000000000053352140921902 10,000,000
0x0000000000000000000000000053352140917153 10,000,000

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Upbit WAX/KRW $0.0593 -0.07% $129,417 0.55% 2.9%
Bittrex WAX/BTC $0.0595 0.18% $67,839 0.4% 0.99%
Bittrex WAX/ETH $0.0589 -0.82% $4,482.89 1.1% 2.3%
Bitfinex WAX/BTC $0.0601 1.2% $31.27 5.5% 57%
Bitfinex WAX/BUSD $0.0594 0% $23.74 7.8% 31%
Bitfinex WAX/ETH $0.0603 1.6% $17.52 9% 55%
Lykke WAX/BTC $0.6389 980% $0.0000 95%
Lykke WAX/ETH $0.1669 180% $0.0000 100%

Latest Wax NewsLatest Wax News

WAX.io on Twitter

They're the fake champs" ???? Comment who you think @MikeTyson is talking about in this video. ?? Don't forget to enter the @FCFLio x $WAX giveaway for your chance to win signed merchandise: https://t.co/CKuLz1ZgtZ… https://t.co/EfEIXLtfgY

Wax on Twitter ReadRead 

WAX.io on Twitter

?? #BuildOnWAX to get exposure for your dApp among gamers! Duplicate your existing $EOS #dApp on WAX or build a brand new one on the WAX #blockchain. Get started in just 6 easy steps here: https://t.co/607F1PrLZl

Wax on Twitter ReadRead 

pinknetwork on Twitter

In preparation for next week's @WAX_io protocol upgrade to eosio version 1.8.1, we have fully upgraded the backend nodes of the https://t.co/7QHKa1xzhN bankroll service. This will ensure zero downtime when the new version is activated on August 12th #BuildOnWax

Wax on Twitter ReadRead 

WAX.io on Twitter

??? Get your hands on #boxing gloves, shoes and a #football autographed by none other than legendary undisputed heavyweight boxing champion @MikeTyson! How? It's simple: Visit https://t.co/CKuLz1ZgtZ and enter the contest!… https://t.co/z9hHTBQ53I

Wax on Twitter ReadRead 

Mitch on Twitter

You can make a guild now in #WaxTalisman it will allow you to recruit players , make alliance and fight other guilds @wax_io #WaxCreator… https://t.co/LanM0n2gJg

Wax on Twitter ReadRead 

Echo on Twitter

WAXStrategy update: - You can add friends (from battle)! - You can battle with your friends! You can view your Friends from your Profile page! - if your friend is not in a battle or offline you can start a battle with him right away! @wax_io #WAXCreator… https://t.co/swqMn9Xhx1

Wax on Twitter ReadRead 

TheDevelopingAlex on Twitter

Just published my final release for https://t.co/AbkK496kdn ?? - "Game" uses more random attributes now. - Every successful craft gives you the element itself (WAX ExpressTrade) - "Crafter" is now enabled and working (#BuildOnWAX) Feedback appreciated ?? @wax_io #WAXCreator

Wax on Twitter ReadRead 

WAX.io on Twitter

UPDATE: WAX is activating EOSIO version 1.8.1 on Monday, Aug 12 @ 17:30 UTC. Offering the benefits of v1.8.1 before other major chains upgrade is just one example of WAX taking the lead in #blockchain tech. Node operators & guilds must upgrade! Details: https://t.co/zTY2bm8ngn

Wax on Twitter ReadRead 

WAX.io on Twitter

??UPDATE: WAX is activating $EOS version 1.8.1 on Monday, Aug 12 @ 17:30 UTC. By upgrading to v1.8.1, we have a safer and more efficient #blockchain. For documentation describing the WAX upgrade process for Guilds & Full Nodes from v1.5.2 to v1.8.1, visit: https://t.co/zTY2bm8ngn

Wax on Twitter ReadRead 

FCFL on Twitter

We teamed up with our partners at @wax_io to give away some gear autographed by our newest Team Owner | Fan Captain @MikeTyson! Enter to win here: https://t.co/6roUAX0dtL #FCFL #PowerToTheFans… https://t.co/0bwWa6cUYt

Wax on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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