Wax (WAX)

What is Wax?

The Wax (Worldwide asset exchange) project is the result of an established virtual gaming asset trading platform transferring to the blockchain. The Opskins platform development team are leveraging their know-how in the creation of a decentralized global p2p marketplace for gaming items. Wax is targeting 400+ million global gamers. WAX tokens enable tokenization of digital goods and their exchange for cryptocurrency. WAX tokens are also the main transactional currency on the platform and play a role in its DPoS consensus protocol. The network's confirmation and block creating nodes are called "Guilds". Guilds can be tied up to a specific game and handle only transactions of its items. Also, Guilds regulate the task of choosing Transfer Agents, i.e. stake bonded users providing mediation in virtual goods trading. Transfer Agents should enforce fair trading and if they do while behaving honestly themselves, they are rewarded in WAX for their service.