WAXP

WAX, the Worldwide Asset eXchange, is a purpose-built Layer 1 blockchain and Smart Contract Platform designed to facilitate fast, easy, and secure e-commerce, gaming (GameFi), and NFT transactions. It operates on a highly scalable, carbon-neutral network, handling over 23 million transactions daily with speeds exceeding 3,000 transactions per second. The WAX Ecosystem empowers developers to build innovative dApps, NFT marketplaces, and decentralized finance (DeFi) tools, supported by 15.3 million accounts and a robust infrastructure that ensures reliable performance.

The waxp token is integral to the WAX Ecosystem, serving multiple key functions for participants. Users can stake waxp to earn approximately 8% APY while actively voting for block producers, directly contributing to network governance and security. Furthermore, waxp enables liquid staking through WAXFusion for flexible rewards and can be supplied to liquidity pools on platforms like Alcor and TacoSwap to earn trading fees. WAXP also facilitates bridging to the Ethereum network, expanding its reach for DeFi and interoperability.

WAX differentiates itself by being purpose-built for the demands of blockchain gaming and NFT collectors, featuring a massive ecosystem with 5,000+ games and 100,000+ NFT collections, including major brand collaborations with Funko, Disney, and Star Wars. Unlike many competitors, WAX is 100% carbon neutral and offers industry-leading transaction speeds of 3K+ TPS. It provides seamless, fee-free interoperability through its bridge technology connecting to networks like Solana, Polygon, Base, and TON, making it a comprehensive and efficient platform for the Web3 space.

WAX's Delegated Proof-of-Stake system eliminates energy-intensive mining operations by having token holders elect Block Producers who validate transactions. This reduces energy consumption by 99.9% compared to Proof-of-Work networks like Bitcoin. The fixed 21 Block Producer nodes optimize resource usage while maintaining enterprise-grade security. This efficiency enables WAX's carbon-neutral certification without compromising transaction throughput of 3,000+ TPS.

WAX provides gas-free NFT minting and transactions, eliminating the primary cost barrier for creators. Its vIRLs® technology enables physical-digital linking for authentic collectibles. The blockchain's high throughput (3,000 TPS) prevents congestion during drops, while specialized smart contracts support configurable royalties up to 30%. These technical features, combined with established marketplaces and 15.3 million user accounts, create the NFT industry's most accessible ecosystem.

Staking WAXP serves dual technical functions: 1) Securing the network by requiring economic commitment for resource access, preventing spam attacks; 2) Enabling governance participation where staked tokens vote for Block Producers. The staking ratio directly determines CPU/NET resource allocation, creating an incentive-aligned model. Participants earn ~8% APY while voting, with rewards distributed based on governance participation. This system maintains decentralization while preventing validator concentration.

WAX offers a multi-layered interoperability approach: 1) Cloud Wallet Bridge enables fee-free transfers to Ethereum, Solana, Polygon etc.; 2) Antelope IBC protocol provides base-layer communication with Antelope-based chains; 3) EVM compatibility layer (in development) allows Ethereum dApp deployment. These solutions allow NFT portability, cross-game asset transfers, and liquidity sharing while maintaining the security advantages of specialized chains.

WAX's staking-based resource allocation creates a self-regulating system: 1) Users stake tokens proportional to their resource needs; 2) The Boost system dynamically provisions resources during peak demand; 3) The network automatically adjusts staking requirements based on utilization. This prevents congestion during events like NFT drops by economically disincentivizing spam while prioritizing legitimate users. The model has successfully handled over 23 million daily transactions without significant congestion events.