How much is the waxp coin issued?

WAXP’s circulation is 376,704,929 pieces. WAXP was first issued with 1 billion coins in 2017 and was subsequently burned multiple times to reduce the circulating supply. Its token allocation includes investors (26%), advisors and team (14%), and ecosystem and development (60%). WAXP functions in the WAX ​​Marketplace as a medium for transaction fees, staking rewards, governance voting, and the purchase of game assets.

WAXP Coin Issuance

WAXP is the native token on WAX, the world’s largest decentralized video game marketplace. Its circulation is:

376,704,929 WAX

Issue details

WAXP was first issued in December 2017 with an initial circulation of 1 billion. Since then, the WAXP team has burned tokens multiple times to reduce their circulating supply.

Token Allocation

WAXP’s token allocation is as follows:

• Investors (Private and Public): 26%
• Advisors and Team: 14%
• Ecosystem and Development: 60%

Function

WAXP has multiple uses in the WAX ​​market:

• Transaction Fees: All transactions on WAX are subject to WAX fees.
• Staking: WAX holders can stake their tokens to earn rewards, supporting network security.
• Governance: WAX holders can participate in voting on the governance of the WAX ​​platform.
• PURCHASE GAME ASSETS: WAX can be used to purchase video game assets such as in-game items, characters, and lands on the WAX ​​Marketplace.

Entering 2024, WAX (WAXP)’s performance is quite interesting. As of July 8, 2024, WAXP’s market price is $0.033461376797464, with a 24-hour trading volume of $5016221.4886933. Notably, WAXP is down 1.51934928% in the past day.

WAX’s current circulating supply is 3449967069.1516, while its maximum supply is unknown. The total supply is consistent with the circulating supply, which is 3449967069.1516. Based on these data, WAX has a float market cap of $115440648.03972.

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