You can now receive, hold, swap, and tip WAXP tokens via CCTIP.
· About WAX
· WAXP Token Details
· CCTIP features you can use with WAXP: Receive, Hold, Tip, Play-To-Earn, and Airdrop.
The CCTip Team has successfully completed the addition of the WAX blockchain network to CCTIP. Users can now swap, hold, tip, airdrop, and play games with WAXP tokens.
WAX network was created to develop solutions to decentralized e-commerce, easing transactions involving digital assets and collectibles. Hence, the CCTIP team believes that adding the WAX network to the CCTIP wallet will significantly benefit users, enabling them to make the most of their WAXP holdings.
What is WAX?
Worldwide Asset eXchange (WAX) is a blockchain network built to facilitate cheap, fast, and simple transactions on dApp-powered e-commerce platforms. With the rise of Metaverse games and NFT games, the WAX network enables the sales and purchases of in-game assets, NFTs, and other digital assets/collectibles. The Wax network has its native wallet - the WAX cloud wallet, which is highly secured with Single Sign-in (SSO) and Open Authentication (OAUTH).
Many popular brands, including Topps, Capcom, Atari, Funko, and more, are built on WAX’s blockchain, serving over 400 million online gamers.
WAX Core Features
· DPoS Consensus Mechanism: WAX network uses a variation of the Proof-of-Stake consensus mechanism called the Delegated Proof-of-Stake. This consensus mechanism allows widespread governance by enabling holders to delegate their voting power. This voting power is dependent on the number of tokens staked by holders; the higher your stake, the more power you have to elect a delegate.
The elected delegates are responsible for validating new blocks on the network. When one delegate validates a block, the other elected delegates will confirm and approve the transaction (all within seconds), and then participants will receive rewards according to their participation. WAX Governance also allows its holders to vote on new proposals and projects to be launched on the WAX blockchain.
DPoS is optimal for WAX and other e-commerce blockchains since it uses significantly less energy than Proof-of-Work.
· WAX Tokenomics: WAX network updated its tokenomic model at the end of Q2 2021 to capitalize on the growth of DeFi and NFTs. The model is focused on providing benefits to WAX token holders by fostering economic growth with an Ethereum bridge.
WAX regards the Ethereum network as the de-facto monetary blockchain; hence, the WAX-ETH bridge is created to express WAX’s economic activity on Ethereum, particularly on NFT transactions. This is achieved by creating three ERC-20 tokens (WAXE, WAXG, and WAX-ETH Liquidity pool)
WAXE: WAXE tokens are generated by swapping 80% of transaction fees generated in WAXP at a ratio of 1,000 WAXP to 1 WAXE. This creates a deflationary model for WAXP, reducing supply, and increasing value for holders.
The newly generated WAXE tokens are funneled into the WAX Economic Activity pool.
WAXE-ETH: The WAXE-ETH liquidity pool is created when the generated WAXE tokens are deposited with ETH in the pool for DeFi transactions; WAXE-ETH Token holders who stake their tokens in the WEAP will receive rewards in WAXG.
· WAX Rewards: WAX offers staking rewards, block member rewards, and guild rewards.
Staking Rewards are earned by staking tokens and participating in governance; staking rewards are obtained in proportion to overall stake weight. For example, if a holder’s share of the entire staked tokens is 1%, they will earn 1% in allotted staking rewards.
Genesis Block Member (GBM) Rewards were earned from Genesis WAX tokens gained from participating in the WAX token swap in 2019. The rewards can only be claimed for people who haven’t un-staked their tokens yet; once a GBM WAX token is un-staked, it permanently becomes a regular WAXP token and will be unable to earn future GBM rewards.
Guild Rewards incentivize the guilds that produce blocks and maintain the WAX blockchain. The WAX blockchain comprises 21 guilds and 36 standby guilds; they earn rewards for maintaining the WAX blockchain.
WAXP can be used to interact with different dApp platforms, play games, purchase in-game assets, and other digital assets, collectibles, and NFTs. It is also used to pay transaction fees on the WAX network. Lastly, WAXP holders can stake their tokens to vote for guilds and receive rewards.
CCTIP offers the lowest cross-chain transaction fees:
You can swap WAXP tokens between 200+ cryptocurrencies present on CCTIP. Whether performing a cross-chain swap or an "on-chain swap," CCTip offers the lowest possible transaction fees. You can swap various currencies within your wallet for absolutely free!
WAXP Token Price:
CCTIP updates its price charts in real-time, so you can find live updates on the WAXP token via CCTIP Wallet.
Enjoy Tip, Airdrop, or Play-to-Earn WAXP Tokens via CCTIP:
CCTip offers the easiest ways to send Tips and Airdrops to your friends or community members using CCTIP Bot via multiple social platforms like Twitter, Discord, and Telegram.
If you want to airdrop WAXP tokens with a touch of fun and thrill, you should immediately explore CCTip's Game Airdrops, where you create one-of-a-kind free games! A new way to airdrop where you play to earn free crypto!
Now send WAXP or choose from 500+ tokens to Tip, Airdrop, or play games with your community!
Create an exclusive #WAXP Community with CCTip DAO:
A group with all true WAXP fans can be regulated using the CCTip DAO. It allows you to set a minimum of WAXP tokens required for a new member to join the telegram/discord group. It is a beneficial tool for crypto start-ups and tokenized communities to engage with their target audience and grow their community.
Think of it as an exclusive group accepting the WAXP community simply verifying their crypto assets!
We hope you have gained insights and information on our newly listed network – WAX (WAXP), and how you can seamlessly use it with CCTIP services!
Remember that you can receive, hold, tip, or swap WAXP tokens on CCTip.
Now grow your community efficiently and quickly by exploring the various top features offered by CCTIP! Create an instant account now and enjoy cheap transaction fees with many features!
If you have any questions or comments, please leave a comment or join our community for more discussions, tips, and airdrops.