When the Worldwide Asset eXchange (WAX)™ was born, Co-Founder William Quigley saw a need to bring video game and e-commerce transactions to the blockchain. Quigley recognized that people want to own and trade their digital assets without onerous restrictions from giant, faceless corporations.
WAX is delivering on this promise by providing decentralized blockchain tools and services that are secure, resilient and easy to use. As the WAX ecosystem continues to grow, the team has recorded three important developments: First Token Burn; Today the company announced 243 million WAX Protocol Tokens have been burned since the WAX Blockchain mainnet was launched on June. The burn is equal to 26.4% of tokens in circulating supply, WAX FCAS Score Jumps; CoinMarketCap has increased WAX’s Fundamental Crypto Asset Score by 94 points (16.5%) since the mainnet launched 4 months ago and has assigned WAX a “B” project health score. The FCAS report noted that WAX’s user activity rose 102 points (14.95%) and its developer behavior spiked 170 points (23.6%) over this same 4 month period. New Account Growth; In the past 30 days, WAX users have created over 70,000 verified new accounts on the WAX blockchain, far outpacing new account creation rates on other well-known blockchains like TRON ($TRX), EOS ($EOS) and Ethereum ($ETH).
WAX anticipates several new developments in the next few months to support its mission to provide the most frictionless platform to own, trade and transact digital assets.
“This massive token burn reflects the amount of enthusiasm our community has for our platform. As more people unstake their Genesis WAX Tokens to use the WAX blockchain, we will see even more tokens being burned,” said William Quigley, co-founder of WAX.