What is WAXP? Introduction to WAXP issue price, total volume and white paper

WAXP is the native utility token of the WAX blockchain, a platform optimized for dApps and NFTs, with a high transaction speed and low fees.

Nov 03, 2024 at 01:06 pm

1. What is WAXP?

WAXP (WAX Protocol token) is the native token of the WAX blockchain, a high-performance blockchain platform designed for decentralized applications (dApps) and non-fungible tokens (NFTs). It is a utility token that powers the WAX ecosystem, enabling users to pay for transaction fees, participate in staking, and access various blockchain services.

2. WAXP Issue Price

The initial issue price of WAXP was $0.05 per token, and ended 16 times more to $0.827.

3. Total Volume

The total supply of WAXP is 1 billion tokens, with a circulating supply of approximately 464 million tokens as of March 2023.

4. White Paper

The WAX white paper provides detailed information about the blockchain, its architecture, token economics, and future development roadmap. It was published on July 1, 2017, and has undergone several revisions since then. The latest version is available on the WAX website.

Key Features of WAXP:

High throughput: WAX can process up to 8,000 transactions per second, making it one of the fastest blockchains on the market.
Low fees: WAXP is used to pay for transaction fees, which are typically very low.
Ease of use: WAX offers a user-friendly interface and tools for developers to build and deploy dApps easily.
Focus on NFTs: WAX is specifically designed to support NFTs, with features such as zero-fee NFT transfers and a dedicated NFT marketplace.
Community governance: WAXP holders can participate in decision-making and voting on the direction of the platform through the WAX Guilds.

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