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Accelerated growth on WAX driven by Prospectors' success and EOS frustration

Dec 11, 2019
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When we launched WAX Cloud Wallet (WCW) last week we had no idea the response would be so swift and loud. A number of dApps have contacted us and as a result, we have made several more announcements about frustrated dApps moving to WAX.

In fact today, WAX is excited to announce new partnerships with several EOS-based dApps that are moving to WAX because of Prospector’s overnight success, continuing angst over EOS congestion issues, and WAX’s unique attributes as a purpose-built video gaming platform.

  • ITAM, Korea’s market-leading mobile games platform, plans to move its entire portfolio of in-game digital assets from EOS to WAX, including Dungeon Princess (ranked #1 in Taiwan’s Google Play and Apple stores), Blue Dawn, Dark Town, Darkside Dungeon and a dozen others.
  • Dark Country (which launches next year), and battle game Chain Clash also announced plans to move their projects from EOSIO chains to WAX.
  • The social network KARMA moved from EOS to WAX on Tuesday December 10th and all transactions for the Android and iOS apps are happening on the WAX Blockchain.

“WAX is a gamechanger for developers that want to bring digital assets earned in games to the masses. They offer developer resources and rich microservices layer that’s second to none,” said Andriy Sharanevych, founder of the CGC.

Are you a developer interested in replicating or migrating a dApps to WAX? Sign up for the 30-day EOS-to-WAX challenge to be eligible for $2,500 in WAX Tokens.

What’s driving accelerated growth on WAX?

First, Prospector’s WAX ‘Yukon’ Lands skyrocketed to the most popular dApp on the planet according to dApp Radar in its first week of launching on the WAX Blockchain. Prospector’s more than 6,000 daily active users on WAX eclipsed their 2,200 daily active users on the EOS-based version of their game, and set a new all-time record for the game’s most concurrent active users in a 24h period.

According to CEO Nazar Chervinskiy, Prospector’s success demonstrates that there is pent-up demand for gamers to focus on fun and gameplay, rather than on blockchain protocols. “In two clicks, gamers can start earning real money in exchange for the gold they prospect in the WAX game. With WAX Cloud Wallet, there’s no need to learn blockchain security protocols, hassle with private keys, or otherwise deal with the torturous levels of friction associated with most crypto wallets.”

Second, continuing angst over the EOS blockchain’s congestion is causing dApps to move from EOS to WAX. WAX is in the unique position of offering the benefits of a DPoS blockchain, combined with solutions that solve the pain points experienced by dApps running on other EOSIO blockchains.

ITAM CEO explains: “We built our developer SDK and ITAM marketplace on EOSIO with the goal of providing an easy way for existing, high-quality games to offer customers the joys of collecting, searching and transacting in-game value they create. However, we felt EOSIO’s slow network speeds, costly transactions, and onerous onboarding process were holding us back from achieving our project goals. We therefore decided to move our entire portfolio of in-game digital assets to WAX in order to deliver fast and free digital asset transactions while dramatically simplifying the onboarding process -- no crypto knowledge is required.

“Is EOS the best place currently to run KARMA for both user experience and cost? After going through all of the options and factors involved, we arrived at the conclusion that WAX is the best option for the KARMA project at this time,” explained KARMA co-founder Dallas Rushing.

Why are EOS dApps moving to WAX?

There are four main reasons that EOS dApps are moving to or duplicating on WAX:

  1. WAX has the most consumer-friendly login and onboarding process for dApp customers. Customers can log in and start using dApps with just two clicks, without having to link a third-party wallet. Customers can login using 13 different methods like Facebook, Twitter, Reddit, and VK - localized in over 50 languages.
  2. Earning WAX Staking Rewards offsets developer operational costs. Developers can earn rewards in the form of more WAX Tokens while running their dApps. By voting regularly for WAX Guilds and standby guilds, dApp developers not only contribute to the selection of quality block producers which supports the overall health of the WAX Blockchain, they also earn more WAX Tokens every day.
  3. The WAX Blockchain has a diverse pool of high-quality block producers. The 21 WAX Guilds producing blocks on the WAX Blockchain are the top WAX Guilds determined by the independent Office of the Inspector General, per its WAX Guild Ratings Report.
  4. WAX has an effective and coherent governance model. WAX has a higher rate of voter participation than any other DPoS blockchain because token holders are incentivized to vote. These voters choose the block producers (called WAX Guilds) and soon, proposals submitted to the WAX Worker Proposal System.

Are you a developer interested in replicating or migrating a dApps to WAX? Sign up for the 30-day EOS-to-WAX challenge to be eligible for $2,500 in WAX Tokens.

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