WAX, or the Worldwide Asset eXchange, founded in 2017, started off as a decentralized platform designed to facilitate the trading of virtual goods and non-fungible tokens (NFTs). Its initial aim was to make e-commerce transactions safer, faster, and easier for all parties involved.

Fast forward to 2024, WAX markets itself as the number one blockchain for gaming and NFTs. The platform claims to have the all-in-one solution for Web3 gaming and NFT applications.

In support of its claim of being the number one Web3 gaming platform, WAX points out its support of fast transaction speeds, the best wallet, and the biggest audience.

According to the project’s website, WAX already offers NFTs with real-world utility, including in-game utility and connecting with real-world goods and services, collaborating with brands like DC, Marvel Studios, and Hot Wheels.

As a blockchain, WAX also enables creators to mint NFTs on its networks.

Some of the leading positions of the WAX team include William Quigley (CEO), Jonathan Yantis (COO), Lukas Sliwka (CTO), and Malcolm CasSelle (Strategic Advisor).

WAXE is the WAX ecosystem’s token on the Ethereum chain. By linking an Ethereum-compatible wallet to the Ethereum bridge, users can transition their WAXP tokens into WAXE.

In addition to WAXE and WAXP, there’s also the WAXG token, which is the governance token and can be earned by staking WAXE.

WAXP, WAXE, and WAXG are often all referred to as the WAX tokens. However, if you plan on using these tokens for more than trading, make sure to get properly acquainted with their properties. This page focuses on the $WAXE token.

WAXE enables WAX to expand its operations to the Ethereum blockchain. There, it may be used as a staking asset, which allows its stakers to earn WAXG.

As an ERC-20 token, this WAX token has multiple use cases. Most folks use it for speculation purposes, trading it on various supported marketplaces. However, it also has staking capabilities that earn its stakers WAXG.

As WAXP’s Ethereum counterpart, WAXE’s value depends on the protocol’s native token’s value, which is mainly affected by the supply-demand mechanics.

It’s important to note that bridging WAXP to WAXE follows the 1000:1 ratio. So, for 1000 $WAXP tokens one gets 1 $WAXE.

Since this Ethereum version of the WAXP token was introduced later on, the initial token distribution doesn’t apply. However, to explore the current WAXE token distribution, use the “Supply Distribution” section on this page. There, you can view all wallets that hold $WAXE and their % of the total supply.

When it comes to the token’s price and live on-chain metrics, there’s no better place than this page. However, if you are interested in the project’s progress, latest partnerships, new potential token utilities, etc., check out the project’s official website, social media channels (like X (former Twitter) or Telegram), and other outlets. You can find links to these sites in the “WAX Economic Token Links” section on this page.