What is the issue volume of WAXP? One article to introduce WAXP application scenarios

WAXP's total issuance limit is 4 billion tokens, approximately 65% of which has been issued, leaving a remaining issuance of 1.4 billion tokens.

Nov 01, 2024 at 06:30 pm

What is the Issue Volume of WAXP?

WAXP, the native cryptocurrency of the WAX blockchain, has a total issuance limit of 4 billion tokens. As of March 1, 2023, approximately 2.6 billion WAXP tokens have been issued, leaving a remaining issuance of 1.4 billion tokens. This means that the issuance of WAXP is approximately 65% complete.

WAXP Application Scenarios

WAXP is used for a variety of purposes on the WAX blockchain, including:

Payment for transaction fees: Users must pay WAXP to cover the cost of transactions on the WAX blockchain. The amount of WAXP required for a transaction fee depends on the size and complexity of the transaction.
Staking: Users can stake WAXP to earn rewards and participate in the governance of the WAX blockchain. Staking involves locking up WAXP for a period of time in order to earn rewards. The amount of rewards earned depends on the amount of WAXP staked and the length of time it is staked for.
Fuel for dApps: WAXP is used as fuel for decentralized applications (dApps) built on the WAX blockchain. DApps typically require users to pay WAXP in order to use their services.
Purchasing NFTs: WAXP is used to purchase non-fungible tokens (NFTs) on the WAX blockchain. NFTs are unique digital assets that can be used to represent ownership of a wide variety of items, such as digital art, collectibles, and virtual land.
Payment for goods and services: WAXP can be used to pay for goods and services from merchants who accept WAXP as payment.

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