The WAX Blockchain mainnet and Protocol Tokens are now live! Swap before August 30, 2019

WAX’s Bancor Protocol™ Integration to Provide Token Liquidity for 400 Million Users

Dec 17, 2017

Grand Cayman, Cayman Islands — November 15, 2017 — The Worldwide Asset eXchange™ (WAX), a new decentralized market based on the blockchain, will serve over 400 million video game asset traders globally. The announced collaboration with Bancor, capable of automatically calculating and converting any Ethereum token in a transaction, will provide continuous liquidity to the platform’s 400 million estimated users.

WAX token holders will now utilize the Bancor Network™ to automatically and directly convert their tokens to any other. This conversion will be possible using any Web3 wallet, such as MetaMask, for any trade volume, and on any exchange listing.

WAX will activate a Token Relay™ involving up to 5% of its circulating token supply. WAX users will be able to purchase and sell WAX tokens at formulaically calculated prices directly from any Web3 wallet.

WAX CEO William Quigley was delighted with the Bancor agreement, stating, “We anticipate having a huge community and a massive demand for the WAX token, so it absolutely makes sense for us to provide our users with an easy way to convert tokens. Partnering with Bancor will provide a level of liquidity that will allow access to everyone who wants to be a part WAX as we build our platform and revolutionize the gaming skins industry.”

Bancor integration provides WAX Tokens the same continuous liquidity enjoyed by tokens such as ETH, BNT (the Bancor Network Token™), GNO (Gnosis), STX (Stox), and a host of projects soon to be activated.

Bancor Protocol Co-Founder Galia Benartzi announced the network’s excitement at welcoming “such a promising end-user facing application.” Not only is the Bancor team comprised of avid gamers, but they also foresee WAX bringing “blockchain technology to a community which is primed and ready to work with cryptocurrencies, and tokenize value around their digital assets.”

WAX is the brainchild of OPSkins.com, the world’s premier virtual video game asset marketplace. OPSkins’ millions of customers, in over 90 countries, have carried out more than 150 million item purchases in the past 18 months.

---

Let us know what you think by joining the community:

Twitter

Telegram

Reddit


Facebook Twitter Email Linked In

Related Articles

Blog Image

Terra Virtua x WAX: Interact with the WAX Blockchain in Terra Virtua’s Augmented Reality Mobile App (and a new contest)!

Owners of the millions of VGO skins trading on the WAX Blockchain can interact with their digital items in augmented reality! Terra Virtua, the immersive AR/VR platform for collectibles has released their AR app for Android featuring WAX integration

Read More
Blog Image

#BuildOnWAX: WAX will use the Simple Assets NFT Standard

WAX will use the Simple Assets NFT standard for the WAX Creator, WAX ExpressTrade, VGO skins, and vIRLs. Simple Assets was created by CryptoLions, an EOS block producer and a WAX Guild candidate.

Read More
Blog Image

Win Autographed Mike Tyson Boxing Gloves, Match-Worn Shoes, and a Football - Now Trading on the WAX Blockchain!

Boxing gloves, boxing shoes, and a football all autographed by Mike Tyson are now trading on the WAX Blockchain, and you can enter to win them!

Read More

Sign up to receive updates from the WAX team