Understand the WAXP issuance price and total issuance in one article

WAXP, the utility token of the WAX blockchain, was issued at a price of $0.33 during its ICO in 2017, with a total issuance of 1 billion tokens.

Nov 16, 2024 at 08:42 pm

Understanding WAXP Issuance Price and Total Issuance

1. WAXP Issuance Price

WAXP (Worldwide Asset eXchange Platform) was issued at a price of $0.33 during its initial token sale (ICO) in 2017.

2. Total Issuance

The total issuance of WAXP is 1 billion tokens.

Breakdown of WAXP Token Distribution:

2% for founding team and advisors
18% for seed round investors
25% for private token sale
35% for public token sale
15% for rewards and staking
5% for community and partnerships

Additional Key Points:

WAXP is the native utility token of the WAX blockchain.
WAX Blockchain is a high-performance decentralized platform designed for decentralized applications (dApps), especially in the gaming and entertainment industries.
WAXP can be used for:
- Purchasing virtual goods and services in WAX-based games and dApps
- Staking to earn rewards and participate in governance
- Paying transaction fees on the WAX blockchain

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