Nami Exchange will list WAX Token (WAXP)

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About WAX

WAX (The Worldwide Asset eXchange™) is the most used and transacted blockchain ecosystem in the world for NFTs, dApps and video games — providing the safest and most convenient way to create, buy, sell and trade both virtual and physical items to anyone, anywhere in the world.

Known best as “The King of NFTs”, WAX is the leading NFT network and has successfully facilitated the trade of millions of NFTs from partners including Topps (Major League Baseball), Capcom (Street Fighter), Funko, Atari, Sony’s Funimation, and famous films (Princess Bride and SAW), world-renowned entertainers (Deadmau5, Weezer and William Shatner), and many more.

About WAX Token (WAXP)

WAXP has several real-world applications that benefit consumers and brands alike, including:

Staking and Voting

Unlike other blockchains that charge fees per transaction, WAX is a shared resource that relies on users staking WAXP as a means to reserve computing resources. When WAXP is staked, it increases the scarcity of the token (as it's set aside and stored until a user reclaims it) and accrues rewards over time. WAX users that stake tokens also earn the right to vote for block producers and earn voting rewards, paid for out of token inflation.

NFT

WAXP can be used to purchase NFTs via the largest NFT ecosystem of any blockchain, including more than 60 million NFT assets from more than 30,000 dApps and NFT projects. Users can utilize WAX tokens to buy and sell NFTs in many dApps and marketplaces. Additionally, many popular dApps sell NFTs directly using WAX tokens. Many emerging play-to-earn games are also significant participants in the WAX NFT ecosystem.

WAX Labs

WAX Labs is a worker proposal system that allows developers to propose WAX projects that are voted on by token stakers. Projects that are successfully voted in receive WAX Labs funds (paid for from token inflation) to pay for WAX development projects.

DeFi

WAX’s tokenomic model marries the explosive growth of NFTs with the superior monetization capabilities of DeFi. It enables anyone who participates to earn rewards in the form of Ethereum Tokens (ETH) and WAXG Governance Tokens.

Specifications: