/ EIN News / – Santa Clarita, Jan.6, 2022 (GLOBE NEWSWIRE) – WaxDynasty.com is a new website that was recently launched that focuses on news regarding the Worldwide Asset eXchange (WAX) coin and other coin and crypto metavers. WAX was founded in 2017 and is considered the most eco-friendly blockchain for collectibles, NFTs, and video games around the world. The WAXP token can be used to purchase NFTs, computer games, and collectibles. There is also a blog site for WAXP and other Metaverse Coins at waxmetaverse.blogspot.com, where his latest post lists WAXP among the top three Metaverse Space Coins for the year 2022 which are all less than $ 1.
Metaverse is a network of 3D virtual worlds focused on social connection. Metaverse projects on blockchain networks are funded by fungible tokens. These are tokens that are divisible and exchangeable between them. With these tokens, people can buy digital assets, including virtual real estate or outfits for avatars. Certain Metaverse cryptocurrencies may also allow their owners to vote on decisions made within a Metaverse platform, including which new features should be released first and where the money should be invested. Theoretically, as the value of digital real estate and other types of digital assets increases, their associated tokens will also increase in value. Additionally, some Metaverse platforms burn all the tokens used to purchase digital assets, removing them permanently from circulation, so that the remaining tokens become more valuable.
Millions of dollars are spent by companies investing in the Metaverse. However, only time will tell if there will be mass adoption and usher in an era of barrier-free digital interaction. An alternative is that it can simply become a niche product aimed at gamers and those who love technologies of the future. It is not yet clear how the Metaverse will evolve.
WAXP is a blockchain specially designed to make e-commerce transactions simpler, faster and more secure for everyone involved. To do this, this blockchain uses delegated proof of stake (DPoS) as a consensus mechanism. And it is completely compatible with EOS.
The incentive mechanisms and peculiarities of the WAX coin aim to optimize the usefulness of the blockchain especially for e-commerce in order to encourage voting on proposals. To enable this, WAX has developed a suite of blockchain-based tools on which non-fungible tokens and decentralized application marketplaces (DApps) can be built. WAX services such as WAX Cloud Wallet, OAUTH, and SSO all support e-commerce operations, and the WAX blockchain architecture can support toll-free transactions and 500 millisecond block time for customers. clients. It also offers voting rewards to motivate participation in the selection of block producers and improvement proposals.
WAX was created by William Quigley and Jonathan Yantis. William Quigley graduated from the University of Southern California and worked at Disney. After leaving Disney, he obtained his MBA and became a venture capitalist. He later took on the role of General Manager of Idealab. In addition to founding WAX, he is also Managing Director of Magnetic. Meanwhile, Jonathan Yantis is the COO at WAX and also the COO at OPSkins.
MAX is different from other tokens because it uses a WAXP to Ethereum bridge which allows the conversion of WAXP tokens to WAXE, which is an ERC20 utility token based on Ethereum. Users who want to participate in WAX tokenomics will need to burn their WAXP tokens to get WAXE through the Ethereum bridge, and then they will need to wager the WAXE tokens on the Ethereum distribution contract. The WAXG serves as an Ethereum-based ERC20 governance token that is distributed to WAXE players, the distribution being based on a particular timeframe and is proportional to a fraction of the WAXE business activity pool. This pool is a smart contract where the generated WAX fees are accumulated and it can be converted into ETH which will be distributed to WAXE players. For those who want to know where to buy WAX, the main cryptocurrency exchanges are Binance, KuCoin, Gate.io, Huobi Global, and HitBTC.
Those interested in learning more about the WAXP token and other Metaverse coins can visit the Wax Dynasty website at https://waxdynasty.com, or contact them by phone or email.
For more information on WaxDynasty.com, contact the company here:
Santa Clarita, California