Cryptocurrency Q&A
How many WAX tokens are there?
How many WAX tokens are there?
Alessandro
Mon Jul 22 2024
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6 answers
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Could you please elaborate on the total number of WAX tokens currently in circulation? As a cryptocurrency enthusiast, I'm interested in understanding the scale and dynamics of the WAX ecosystem. I'm curious if the token supply is fixed or subject to changes, and how this might affect the long-term value and adoption of the WAX platform. Additionally, I'd like to know if there are any plans for future token issuance or burn mechanisms that could alter the total supply. Understanding the tokenomics of WAX is crucial for informed decision-making in the cryptocurrency market.
6 answers
CryptoAce
Wed Jul 24 2024
Wax, a blockchain-based platform, boasts a native token known as WAXP. This token has a predefined total supply, capping its issuance at 3.7 billion units.
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WhisperEcho
Wed Jul 24 2024
Parallel to the WAXP, there exists an Ethereum-based version of the token, designated as WAXE. The supply structure of WAXE differs from its counterpart, reflecting the differences in their underlying technologies.
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alexander_jackson_athlete
Wed Jul 24 2024
Specifically, WAXE has a maximum supply limit of 3.7 million tokens. This limitation ensures scarcity and potential for appreciation in value over time.
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Eleonora
Wed Jul 24 2024
The dual token system of WAXP and WAXE allows for flexibility and interoperability. The Ethereum version provides access to a broader range of decentralized applications and smart contract functionality.
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Maria
Tue Jul 23 2024
Meanwhile, WAXP remains the primary token on the Wax blockchain, serving as the backbone for transactions and facilitating the exchange of virtual goods and services.
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