WAX Coin is the native utility cryptocurrency of the WAXP blockchain, designed to simplify and accelerate e-commerce transactions. In this article, we will explore the features and functions of WAX, as well as the process of purchasing WAXP Coin.
Overview of WAX Coin
WAX (WAXP) is a purpose-built blockchain launched in 2017 that uses the DPoS consensus mechanism. Fully compatible with EOS, WAX is optimized for e-commerce use with its unique advantages and incentive mechanisms.
Functional Features of WAX
WAX has developed a blockchain-based toolkit for building decentralized applications, marketplaces, and NFT platforms. Services include WAX Cloud Wallet, SSO and OAUTH support for e-commerce transactions, RNG service, and a developer portal. WAX blockchain architecture supports 500-millisecond block times and zero-fee transactions for users. Voting rewards are used to encourage participation in block producer selection and improvement proposals. The WAX-to-Ethereum bridge allows WAXP tokens to be converted into WAXE, an Ethereum-based ERC-20 utility token.
How to Buy WAXP Coin?
WAXP Coin can be safely bought and sold on various cryptocurrency exchanges such as Binance, where WAXP/BTC, WAXP/BNB, WAXP/USDT, and WAXP/BUSD pairs are traded. To purchase WAXP Coin, you need to register on the selected exchange, transfer cryptocurrency or fiat money to your account, and then make the purchase by selecting the appropriate trading pair.
WAX Coin is an integral part of the blockchain ecosystem, offering unique opportunities for users and developers. Understanding its functionality and purchase process helps effectively utilize this cryptocurrency in various applications.
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