WAX is a blockchain created with the aim of facilitating e-commerce transactions, making them fast, secure and simple for all parties. A distinctive feature of this network is that it uses the Delegated Proof-of-Stake (DPoS) consensus mechanism.
WAX allows the creation of Decentralized Applications (DApps) and blockchain games. Currently, games that have attracted a large number of users such as Alien Worlds, Farmers World, Prospectors, R-Plante and Office Land are running on this blockchain.
The native cryptocurrency of this platform is the WAXP token, which, at the time of writing, has a market capitalization of over 500 million dollars. This places it among the top 105 coins by market capitalization.