WAX is a purpose-built blockchain and protocol designed to make e-commerce transactions faster, easier, and safer for all participants. WAXP is the main native token in the ecosystem, which is used as means of payment when buying items on the marketplace and as gas fees in the WAX blockchain network. Let’s learn more about WAX and find out how to buy WAXP in the fastest and most effective manner!
What Is WAX (WAXP)?
WAXP cryptocurrency is the WAX platform’s token created on the Ethereum blockchain and intended for settlements within the platform.
The WAX (World Assets eXchange) platform was created specifically for gamers, which allows exchanging virtual goods. The main task of project developers is to create a universal environment for conducting trading operations using digital goods and services.
The project began its work in 2017, and its concept was taken from the OPSkins trading platform, which sells various gaming virtual goods. The advantage of this platform is the use of blockchain and smart contracts, which makes the exchange of gaming skins safe, fast, and global.
Key Features of the WAX Platform
The WAX platform was developed by the founders of OPSkins to serve more than 400 million players collecting, buying, and selling virtual items. Players will be able to enter the global market, where all transactions will be confirmed using blockchain trust mechanisms using a simple WAX exchange widget.
The platform allows you to trade different types of digital assets, so almost any asset that can be tokenized will benefit from the project.
The main operating principles of the system include the following:
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- Making transactions with the help of a special widget tailored for exchanging cryptocurrency for game objects.
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- To make transactions, you only need to register in the system and have the WAXP cryptocurrency on the account.
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- WAXP tokens are used as means of payment for gaming skins and other valuables. WAXP also allows purchasing other valuables, exchanging, or storing them in your wallet.
WAX Project Team
The WAX platform has existed since 2015 and has taken a leading position in the field of trading virtual objects from computer games.
An experienced team of programmers and crypto enthusiasts, who previously developed another digital platform called OPSkins, is working on creating the WAX project. The platform is a web resource where users can use special tools to buy and sell game items.
The OPSkins platform became the foundation for the WAX crypto project, which received additional functionality through the introduction of blockchain technology and the use of decentralized technical solutions in the field of financial transactions.
The decentralized platform was developed by the same team that created the OPSkins centralized platform. Namely:
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- William E. Quigley: co-founder, CEO. He is known as a creator of venture funds and an active cryptocurrency and bitcoin investor. Quigley graduated from Harvard Business School and can boast extensive investment experience.
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- Jonathan Yantis: co-founder, COO. He is also an early crypto investor who supported many early ICOs, including Ethereum.
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- Malcolm Cassel: Strategic Advisor and President of WAX. Cassel is an experienced entrepreneur who previously worked as CTO at Tronc, the American publishing company.
We emphasize that such a professional and experienced team is one of the main advantages of the project.
Where to Buy WAX (WAXP): Switchere Exchange
If you’re wondering where to buy WAX (WAXP), you should definitely think about buying it at Switchere. On our platform, you have an opportunity to buy WAXP in the fastest and most convenient way using any available payment method. Moreover, we offer some surprising bonuses! Users of our platform enjoy a 0% service fee for the first order.
How to buy WAXP with fiat? At Switchere, you can buy crypto for fiat money or swap crypto for crypto. In addition to traditional purchases with a bank card, you can use alternative payment methods available (SEPA, SOFORT, Apple Pay, and Asian local banks).
Here is an easy step-by-step guide on buying WAX (WAXP) with a credit card at Switchere!
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- Visit our website and log in to your account.
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- Choose the currency pair for exchange as well as a payment method and enter the amount. Don’t forget to check the transaction details by clicking on ‘Details.’ Once you’re done, click the ‘Buy’ button.
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- Specify your WAX wallet address and Memo ID and click on the ‘Buy’ button.
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- Enter your card details and click on the ‘Pay Now’ button. Please take into account that you have a limited amount of time to send your funds. Otherwise, the transaction will be automatically canceled.
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- Once you send the funds and your transaction receives the required number of blockchain confirmations, the amount of purchased WAXP will be sent to your provided wallet address accordingly.
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- Congratulations! The transaction is completed, and now you can check your WAX wallet.
Usually, Switchere transactions take 5-30 minutes. If you have any issues with the exchange process, let us know at [email protected].
Prospects for WAX (WAXP) Cryptocurrency
The popularity of the project is guaranteed by the already promoted OPSkins platform. Nowadays, gamers can become traders and start making money not only on their gaming skills but also on various in-game products.
Most experts and analysts of the cryptocurrency market, when evaluating the prospects for the WAX cryptocurrency, agree that the project looks very promising. Still, analysts point to the need to expand the platform’s functionality for its wider integration into various areas of the digital economy.
In any case, given the gradual expansion of the audience of gamers, the WAX token will certainly be able to become a full-fledged cryptocurrency payment instrument that can compete on equal terms with other digital and fiat currencies.
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