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.