About WAX
WAX is an independent blockchain network that implements a Delegated Proof-of-Stake (DPoS) consensus mechanism to provide users with a secure decentralized transaction payment gateway (specifically for NFTs, digital collectibles, video games, and DApps).
Rare video game virtual items are the main focus of trade and exchange on WAX. Thanks to its DPoS consensus model, the network also uses considerably less power than its proof-of-work (PoW) counterparts and even other traditional PoS networks.
WAX’s native cryptocurrency, WAXP, was built and launched on the underlying Ethereum mainnet. However, according to the network, it was developed from its own version of the EOS blockchain. WAXP price is updated and available in real time on Binance.