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Welcoming Hyperblocks as a WAX Guild

May 15, 2019

WAX and Hyperblocks are excited to announce that the platform will be one of the 21 WAX Guilds when the WAX Blockchain mainnet launches on June 30, 2019.

Hyperblocks was created to advance the blockchain industry by helping participants take advantage of Delegated Proof of Stake systems, and has the same management team as HyperChain Capital which focuses on blockchain-based projects and decentralized protocols. Its team brings years of experience in the blockchain industry to the WAX Guild program, where they will produce blocks on the WAX Blockchain.

“As one of the first companies in the world to be fully focused on Proof of Stake systems, we believe in WAX’s long-term strategy of making e-commerce and trading virtual items easy on the blockchain,” says Stelian Balta, founder of Hyperblocks and HyperChain Capital. “We are pleased to support the WAX ecosystem by producing blocks as a WAX Guild.”

Hyperblocks joins WAX and StrongBlock, a company comprised of founding technical team members of Block.one (the creators of EOS), as the first operators of WAX Guilds at launch.

About WAX Guilds

By voting regularly for WAX Guilds, WAX Token holders contribute to the selection of quality block producers which supports the overall health of the WAX Blockchain. WAX is ushering in a new era of blockchain communities that are active and engaged in a chain’s development because they are incentivized with rewards in the form of more tokens. WAX Token holders who vote for WAX Guilds and standby guilds will earn more WAX Tokens every day. These rewards are called Staking Baseline Rewards, and are one type of WAX Block Rewards that WAX Token holders can earn passive income from.

WAX Guilds and standby guilds earn WAX Guild Rewards. Interested in becoming a WAX Guild? Candidates can begin submitting proposals on June 30, 2019. We will release instructions for applying to become a guild, and specifics on the number of WAX Tokens to be earned from WAX Guild Rewards, before mainnet launch.

Learn more about WAX Guilds, WAX Guild Rewards, and Staking Baseline Rewards here and here.

Follow Hyperblocks on twitter here.

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