WAX is announcing our quarterly token circulation update for the end of Q2 2018. WAX Token supply has increased to a total of 828,063,006 tokensdue to the end of a lock-up period for certain contributors and advisors that ended in June 2018. This is in accordance with the WAX white paper and our Q1 circulation update.
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.
The total WAX supply is 1.85 billion, and the remaining ~ 1 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.