The WAX Advisory Council: Bringing together the greatest minds in tech, video gaming, and entertainment

WAX Announces Quarterly Token Circulation Update

Apr 2, 2018
Facebook Twitter Email Linked In


WAX today announced its quarterly token circulation update. As scheduled, WAX Token supply has increased over the quarter to a total of 618,948,388 tokens. The tokens have been, and will continue to be, distributed in a manner consistent with the token usage guidelines in WAX’s technical white paper.

When the lock-up period for certain contributors and advisors ends in June 2018, WAX expects to have between 825 and 850 million tokens in circulation out of their 1.85 billion total tokens. The remaining one billion WAX Tokens will be used over a number of years for development of the market.

WAX will continue to update its token circulation on CoinMarketCap.com on a quarterly basis at the end of each quarter. The increase in reported circulation at the end of the quarter represents the tokens released throughout the quarter. These updates will remain consistent and are in accordance with existing WAX policy.

About WAX

WAX is a functional utility token that supports a decentralized platform, enabling anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure or payment processing. Developed by the founders of OPSkins, the world’s leading marketplace for online video game assets, WAX is designed to serve the 400+ million online players who already collect and trade video game assets and Crypto Collectibles. With the inclusion of the WAX simple exchange widget, gamers will have access to a worldwide market with blockchain trust and transaction verification. For more information, please visit https://wax.io and http://www.opskins.com

---

Let us know what you think by joining the community:

Twitter

Telegram

Reddit

Facebook Twitter Email Linked In

Related Articles

Blog Image

Round Up: WAX is the King of NFTs - here's why

The last few months have been a whirlwind of NFT activity on WAX, cementing the WAX Blockchain’s reputation as the King of NFTs.

Read More
Blog Image

The Complete Guide to Launching an NFT sale on WAX

This guide on Medium provides you with detailed background information about NFT sales on WAX, examples, and step-by-step instructions for launching your own.

Read More
Blog Image

SOLD OUT: Blockchain Heroes Launches on WAX!

The highly anticipated NFT series "Blockchain Heroes" launches on WAX this Saturday August 8, 2020 @ 12pm EST

Read More

Thank you for subscribing to WAX updates!