The current price of WAX is $0.022400. Over the last 24 hours, WAX has increased by +2.28%. It currently has a circulating supply of 3,504,099,552 WAXP and a maximum supply of 3,770,303,327 WAXP, giving it a fully diluted market cap of $78.67M. At present, the WAX coin holds the 0 position in market cap rankings. The WAX/USD price is updated in real-time.
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The World Wide Asset eXchange — more commonly known as WAX — is an NFT and GameFi optimized blockchain. Its native cryptocurrency, WAXP, is used within its delegated proof-of-stake consensus mechanism and governance process. Network users pay transaction fees in WAXP and use it as a medium of exchange at WAX's NFT marketplaces.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 4.8K new posts about WAX, driven by 3.7K contributors, and total online engagement reached 29M social interactions. The sentiment score for WAX currently stands at 86%. Compared to all cryptocurrencies, post volume for WAX currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of WAX.
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Posts
4,843
Contributors
3,719
Interactions
29,356,024
Sentiment
86%
Volume rank
#0
X
Posts
448
Interactions
159,615
Sentiment
81%
WAX FAQ
How much is 1 WAX worth today?
Currently, one WAX is worth $0.022400. For answers and insight into WAX's price action, you're in the right place. Explore the latest WAX charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as WAX, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as WAX have been created as well.
ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKcoin Europe LTD
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Wax
Consensus Mechanism
The WAXP blockchain utilizes a Delegated Proof of Stake (DPoS) consensus mechanism designed to provide scalability, low latency, and decentralization, while ensuring efficient transaction processing and network security. Key Features of WAXP's Consensus Mechanism: 1. Delegated Proof of Stake (DPoS): Token holders vote for block producers (BPs), who are responsible for validating transactions and producing new blocks. The voting power is directly tied to the amount of WAXP tokens held, with token holders able to vote for up to 30 block producers at a time. This system ensures decentralization while maintaining high network throughput. 2. Block Production: Block producers take turns producing blocks in rounds, with each block producer having an equal chance to validate and produce blocks in their turn. The process ensures that all transactions are processed efficiently, and the network remains fast and scalable. 3. Finality and Security: Once a block is produced and validated by a sufficient number of block producers, it is finalized and added to the blockchain. This prevents forking and ensures high security and immutability for the transactions. 4. Incentives for Participation: Block producers receive WAXP tokens and transaction fees as rewards for their participation in block creation and validation. These incentives encourage active participation in maintaining the network's performance, security, and decentralization.
Incentive Mechanisms and Applicable Fees
WAXP uses a Delegated Proof of Stake (DPoS) consensus mechanism to incentivize network participants. Incentive Mechanism: 1. Block Producer Rewards: Block Producers (BPs) earn WAXP tokens and transaction fees for validating and producing blocks. These rewards encourage active participation. 2. Voting and Delegation: Token Holders vote for block producers and can delegate their votes to trusted producers, earning rewards based on their delegation. 3. Active Participation: Block producers and voters are rewarded with WAXP tokens and transaction fees, promoting a secure and decentralized network. Applicable Fees: 1. Transaction Fees: Transaction fees in WAXP tokens are paid for every transaction, helping incentivize block producers and maintain the network. 2. Network Resources: Users stake WAXP tokens to access resources like RAM, CPU, and bandwidth for transactions and smart contracts. 3. Fee Redistribution: Transaction and resource fees are distributed to block producers, rewarding their participation in securing the network.
Beginning of the period to which the disclosure relates
2024-03-28
End of the period to which the disclosure relates
2025-03-28
Energy report
Energy consumption
54750.00000 (kWh/a)
Energy consumption sources and methodologies
For the calculation of energy consumptions, the so called “bottom-up” approach is being used. The nodes are considered to be the central factor for the energy consumption of the network. These assumptions are made on the basis of empirical findings through the use of public information sites, open-source crawlers and crawlers developed in-house. The main determinants for estimating the hardware used within the network are the requirements for operating the client software. The energy consumption of the hardware devices was measured in certified test laboratories. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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