WAX Token is a decentralized platform that allows any user to trade on a virtual trading platform. It allows users to trade virtual assets with a high degree of security.

Designed to make NFT transactions faster, easier, and safer for all participants. WAX makes it easy for anyone to set up their own virtual goods store and trade virtual goods quickly and safely.

More than 400 million gamers worldwide spend more than $50 billion on virtual goods every year. Most players who buy and sell virtual property face problems with stolen virtual equipment and high cross-border transaction fees. To solve these problems, they need to use centralized trading platforms. These are the main reasons limiting the further growth of the $50bn virtual property market. Due to a lack of trust in the market, the virtual goods market has been carved up by hundreds of competing platforms, each using its own rules that apply to its own region, leading to a huge imbalance between supply and demand across regions

The WAX platform acts as a virtual property transaction platform to de-neutralize transactions while providing the opportunity to trade virtual goods using global tokens. Combined with a distributed trust mechanism and a reliable and preferential settlement network, the repository could greatly improve price transparency and market liquidity, thereby expanding demand. The WAX platform supports a variety of selling features, such as bidding, reserve bidding, or fixed price. This is conducive to maximum liquidity. Buyers and sellers of OPSkins' current service will not need to develop complex back-end systems, but will do so through the WAX platform to maximize the most effective features of OPSkins virtual property exchange. WAX tokens will foster a new generation of virtual property traders. This event is similar to the large platforms (Alibaba, Amazon, Uber, Airbnb, etc.) that make ordinary entrepreneurs become powerful e-commerce businesses, helping car owners to find passengers on their way through the network, hotels to send their information or travelers to find accommodation services electronically. By making these platforms easier to use and more accessible, they have expanded their businesses for millions of small business owners, creating tens of billions of dollars in new value. At the same time, they also solve problems such as fraud prevention, settlement, product reviews and seller reviews, standardization of product information catalogues, supply and demand matching, etc., which require a lot of money to solve.

On the WAX platform, WASP strategies can capture the functionality that dApps can access and quickly build to override existing WAX customers while creating new ones. WAX platforms include: AX blockchain + decentralized marketplace (similar to A Mazon) + decentralized virtual goods transaction and generation (similar to S Team) + decentralized wallet (similar to P ayPal) WAX blockchain provides A toke-based economy that operates on the resources provided by consumers of these resources. In this way, the ecosystem can pay for itself, and the participants can direct its development and directly benefit from its growth. The WAX microservices layer provides all the capabilities that a well-designed market needs to grow and scale without a significant investment in infrastructure.

Unlike other transaction-based blockchains, WAX is a shared resource that relies on users mortgating WAXP as a means of reserving computing resources. When WAXP is pledged, it increases the scarcity of tokens (because it is shelved and stored until the user retrieves it) and accumulates rewards over time. WAX users who hold tokens are also entitled to vote for block producers and receive voting rewards, which are paid for by token inflation. WAXP can be used to purchase NFT through the largest NFT ecosystem in any blockchain, including over 60 million NFT assets from over 30,000 DApps and NFT projects. Using the power of modular technology, WAX token, the utility of virtual items that aren't just used in video games is easily flagged in exchange for cryptocurrency. Smart contract-related transaction behavior mechanisms that allow unreliable trade between buyers and sellers. The platform will allow millions of traders to create their own virtual stores on a decentralised platform offering instant payments, security and trust services, bringing millions of new participants into the growing ecosystem.

High throughput of items in the game is supported by a proof of delegated interest (DPoS) consensus mechanism. WAX's customized blockchain will include voting mechanisms, dispute resolution, and other features tailored to NFT based on its NFT functional requirements. WAX has a mechanism similar to EOS, producing blocks exactly every 0.5 second, and a WAX producer is authorized to produce one block at a time. WAX is included in 57 producer seats, 21 WAX producers and 36 standby producers. Producers are penalized if they fail to produce at least 50% of the squares allocated to them. Since empowerment rewards are tied to guild performance, WAX token holders are economically encouraged to vote for higher performing WAX producers. WAX can theoretically complete 3,000 transactions per second.

1. This project is supported by OPSkins basic users and has a wide global audience; 2. Decentralized game asset transactions based on Ethereum smart contracts;

WAX addresses two of the biggest problems with transactions in the virtual asset market: fragmentation and fraud. With a simple blockchain applet, players can efficiently and safely trade virtual assets without interrupting the game. All thanks to WAX's blockchain technology that pulls together the fragmented virtual asset market.

Holders get more WAX tokens each day by voting otherwise. Each day, a certain amount of WAX tokens is set aside for WAX Staking Rewards. The number of tokens each WAX token holder receives per day depends on the weight of their bet relative to other gamblers. For example, if the token holder's stake weight is 0.5% of the total stake weight on any given date, they get 0.5% of WAX Staking Rewards. The voters' current wager weight determines how much WAX Staking is rewarded to them