OTHER REVIEWED AIRDROPS:COINBASE — NR 1, DXCHAIN, ENERGI, AERUM, PRESEARCH, WINDHAN, QUARKCHAIN, DIGITEX FUTURES, BLOCKSTAMP, LATOKEN, SYNAPSE AI, CURVEBLOCK, FARM2KITCHEN, CYBERGAME, HYPERIONX, GRIFFEX, and many more…
SOCIALREMIT — Quick Guide to Airdrop.
SocialRemit is a new platform designed to provide emerging projects with financial and technological tools based on blockchain and impact in a positive way on society through the collaborative economy that aims to build decentralized autonomous platforms of high efficiency, betting that the participating community gets involved in the projects it finances, which will also serve to establish a structure for social marketing and promotion, where each project can be spread in the media, to take advantage over the competition between the highlighted projects and obtain financing from other users.
Visit the SocialRemit website and click on Airdrop.
Register and verify your mail.
Join their Telegram group and rest of social activities.
Submit and save all your social media links to your profile.
Talk to theTelegram Bot for even more CSR Tokens.
Earn CSR tokens for each referral.
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Committee members in the Melon Council will have the opportunity to vote when it comes to matters such as being able to invite new members into the council, being able to adequately update the Melon protocol smart contracts, appropriately adjusting the ‘amgu’(Asset Management Gas Units) price, updating protocol parameters and many more, thus a super important role in the Ecosystem. Apart from Janos, the Melon Council features Will Harborne from Ethfinex, Melon code auditor Nick Munoz-McDonald, Matthew Di Ferrante from ZK Labs, Zahreddine Touag from Woorton, Martin Lundfall from Maker & Dapphub, Fabian Gompf from Parity and Jenna Zenk for the new Melon team entity (something is in the works there!).
The Melon committee was announced at the annual Melon Asset Management conference, M-1which was held in Zug, Switzerland in partnership with the Multichain Asset Managers Association (MAMA). There were lots of presentations and panels discussing the future of digital asset management, asset trading and asset custody. If you are KR1 follower, you will know we were the first investors to support Melon and their vision with one of our first investments ever made as an entity.
The M-1 event showcased an all-star cast in an intimate setting with world-class discussions around asset management and it’s future. KR1’s Janos took part in a panel of “Who is pioneering investments in crypto and what will it take for them to transition their own operations and trading to asset management 3.0”. Joining the panel were Chance Du from Coefficient Ventures, Russell Newton from GABI and Jonathan Allen from Dekrypt Capital.
Another KR1 portfolio company had a panel slot as well, Seb from Vo1t was talking about the roles of digital asset custodians with Zare from Woorton.
Ethereum co-founder and Polkadot founder Gavin Wood gave an update on Polkadot’s Substrate and revealed the cryptoeconomic model for Polkadot. It was great to have more information on the levers behind the protocol, which if on schedule will have its Genesis block Q4 this year.
We are extremely humbled to share that we’ve received the green light from the BitMax team to publicly announce our impending listing on their platform. Our FTM token will be trade able in two markets, FTM/BTC and FTM/USDT.
⚠️ Only the exchange listings announced by the FANTOM team are official. We are not responsible for any issues in regards to unofficial exchange listings.
Aside from sharing our excitement about our listing on BitMax, we want to credit this listing to our loyal community member Sean (@NamasteCryptocurrency on telegram), Sean has helped us through the listing trajectory at BitMax from A to Z, leading to us being listed on BitMax for free. To incentivize Sean, we would like to publicly disclose that we will be providing the initial stake for a validator node which will be governed by Sean. Sean will be eligible for all the rewards of said validator node.
With this incentive we want to signal a shift in our view on community empowerment, we believe that the community could potentially turn out to be our strongest ecosystem partner and we want to leverage your skills and talents to bring Fantom more exchange listings and awareness.
Add the FTM token to your wallet
The process of adding the FTM token to your wallet is described in the following medium post:
Walt Disney said that “All our dreams can come true, if we have the courage to pursue them.” This perfectly describes our energy and dedication to making ICONOMI truly great and unique. We conducted our ICO in October 2016, when the total crypto market capitalization was just $12 billion. Back then, we predicted that in 2017 we would see about 1,000 new ICOs, $200 million on our platform, and a DAA that would beat bitcoin. We were right!
Stepping into 2018, we are firmly dedicated to pursuing our vision of making ICONOMI the bridge between the old and the new economy. We are pioneers, the first ever digital asset array management platform for blockchain tokens and cryptocurrencies, and our many DAA managers and users are proving that this is the perfect time to enter the crypto world with us.
As we look ahead into 2018, we are thrilled about all the upcoming changes in the crypto ecosystem, from regulation to the new opportunities that will come with tokenization economics. The crypto market will remain volatile, but that will not deter new investors seeking exposure to this new asset class. Of course, regulation will help set new playground rules, but it is too early to predict with certainty what the final regulatory environment will look like.
In order to continue to make decisive, effective steps as we did in 2017, we’ve identified three main areas to focus on. These insights represent a flexible, expandable, and intuitive outline for 2018. We must be able to quickly and efficiently adapt to changing market conditions and the demands of regulators, which means the priorities listed below may change. We are very excited that we will be implementing some additional features very soon. We have only listed major features, some of which will be released in multiple iterations.
DAA page improvements: AUM and number of buyers
Fiat ramp-up for end users
DAA Discovery page redesign
DAA Manager page with all their DAAs
Major user statistics upgrade
Direct purchase of individual digital assets
Possibilities for risk reduction
Organizing events with DAA managers
DAA tokenization process optimization
Phase 2 of DAA management functionalities completed (improvements that include several different statistics that DAA managers want to see, such as volatility, drawdowns, rebalancing automation, etc.)
Support for company accounts
Phase 3 of DAA management functionality completed (advanced functionality for DAA managers)
Introduction of fees payable in ICN
Big Four audit
Open platform: private DAAs launched
API (reading data/trading)
Charting system redesign
Trading engine upgrade
We will continue to deliver improvements that will provide real value for our users. Though they might not be visible to the end user, they are vital for ICONOMI’s continued development and growth. Some of these improvements include:
Supporting additional exchanges and tokens to provide more options for DAA managers.
Upgrading the functionality and design of our web, iOS, and Android apps, as well as adding more statistics, data, UX improvements, etc., in response to community feedback about upgrading the platform.
Upgrading our back-office systems to deal with higher volumes of users and assets.
Onboarding new DAA managers to broaden diversification opportunities
Continuous security upgrades.
Our phenomenal team is working nonstop to make 2018 ICONOMI’s best year yet. It will be another very dynamic year, and we are honored to contribute our part to this new, fast-evolving crypto world. Last but not least, we owe our success to you, our ICONOMI users and supporters.
Thank you! We wish you a happy new year and hope you will continue on this exciting journey with us through 2018 and beyond.
Follow our official channels for more updates and news:
Facebook / Twitter / Reddit / Medium
or log into our platform to explore new Digital Asset Arrays.
The world wide web — the internet you, I and billions of others rely on — is broken. Defunct. If it were an elevator, there would be an Out of Order sign swinging from its doors. And yet we doggedly persevere, convincing ourselves that the internet we’ve got is just fine.
We didn’t listen when the fathers of the internet declared their creation to be broken. It’s not that we didn’t respect Tim Berners-Lee and Vint Cerf; it’s just that the truth hurts, even when it comes from such luminaries. So instead we buried our heads in the sand and our faces in Facebook and tried to carry on as normal.
A short, sharp shock
Oh, the warning signs were there alright, that everything wasn’t quite right in Internet Land. May 2013, when NSA contractor Edward Snowden fled to Hong Kong with a trove of classified documents which revealed the reach of the global surveillance industry. That was a wake-up call alright. For months, we were glued to those headlines as dragnet operation after dragnet operation came to light, each eroding a little more of our privacy and personal freedom. The revelations have scarcely stopped since, with 2017 seeing the release of Vault 7, Wikileaks files revealing the extent of the CIA’s cyber warfare capacity.
We were going to stop using Yahoo, we averred, after it emerged that one billion accounts had been compromised. Google too, after reports emerged of the NSA tapping into their data hubs. Switch to an encrypted email provider. Petition our congressman for a repeal of warrantless surveillance. We had such good intentions. Empowered and incensed, we were going to take back our freedom and make the web a safer and more discreet place for all.
But then…but then nothing. Everything just petered out and went back to normal. It was as if nothing had ever happened. It’s not that we were lazy or brainwashed or incapable. It’s just that change is uncomfortable. Disruption is — wait for it — disruptive and requires new behaviors that feel alien at first. The status quo, on the other hand, is warm and comfortable. It’s what we’ve always known and, for all its flaws, it works. Sort of. Some of the time.
Sure, we’re forced to endure untrustworthy corporations selling our data to governments, and governments spying on our every action, and centralized databases containing our personal details being hacked on a regular basis, but that’s just the trade-off we make for the sake of progress, right?
Dear citizens of the internet, what if I told you it doesn’t have to be this way? That there’s a better way of doing business, one which doesn’t call for sacrificing your security or the convenience you’ve become accustomed to? There’s a new paradigm that has the potential to save us all and restore our right to privacy and security.
Yeah, you’ve heard that word before and you might even have experienced decentralization in action, whether it was purchasing a decentralized cryptocurrency or acquiring goods on a P2P marketplace. But when I invoke the D-word, I’m not talking explicitly about distributed ledgers. Nor am I talking about P2P platforms with a UX that looks like a command line and a 9,000-page manual to master. Decentralization doesn’t have to mean forgoing the comforts you’re accustomed to.
Rebuilding the web, one block at a time
If dentralization is to wrestle control from the oligarchies that run our internet, it needs to be workable. Nimble. Accessible. And understandable to the average layman or woman on the web. It’s a big ask, but it’s one I firmly believe to be within our reach. I believe it’s possible to leverage decentralization to create a better internet, one where the power resides with the many and not just the few. The decentralized web is all about handing data back to its rightful owner — the end user.
A place where everyone controls their own data and no one is beholden to monopolies, despotic regimes, careless and faceless corporations, hackers, scammers, and bad actors. Everyone who would like to steal, surveil, and sell your data in other words. Centralization also raises the question of who owns your data and the services you pay for. Do you truly own your smartphone, for example, or are you effectively leasing it from a company who can withdraw the service at a moment’s notice? As demonstrated by the case of Apple slowing the performance of its older iPhones, there are dangers with being beholden to a single service provider who calls the shots.
That’s not to say that organizations possessing your data is necessarily a bad thing; in fact it’s a basic requisite to doing business on the web. Suppose you decided to allow a charitable foundation to access your data for the purposes of making a donation, for example. On the centralized web, you are largely powerless to dictate what third parties do with this information. On the decentralized web, you’re able to consent to your data being used while still retaining control of it.
The difference is that decentralization allows you to retain control of your personal information, right down to determining where it is stored. Think Siacoin instead of Dropbox in other words: the same basic concept — cloud storage — but very different solutions. On the decentralized web, options such as Storj or Sia split apart, encrypt, and distribute your files across the network. Since you hold the keys, you own your data. No outside company can access or control your files, unlike traditional cloud storage providers. Other solutions include IPFS, a peer-to-peer hypermedia protocol to make the web faster, safer, and more open.
Nevertheless, it is imperative to be granted enough privacy to go about your business on the web, in confidence that eyes aren’t prying and spies aren’t spying. If the internet is your digital home then your data is your possessions in that home: yours and yours only, and certainly not be the property of ISPs, social networks, hackers, and governments to extract and freely trade.
Campaigning for better online security is one thing of course. Implementing it in a manner that is accessible and usable for the world at large is quite another. Developers and hackers possess the skills to use complex privacy tools, but these are off-limits for less tech-savvy individuals. What’s required is a decentralized set of tools that emulates the best aspects of the centralized tools we already have. Keep the UX, ditch the backdoors and sloppy security. Is it too much to ask?
Decentralized open source software can be vetted by anyone and used by anyone. It comes with no hidden surprises or privileged access. By encrypting and storing data on the blockchain, the reliance on a single point of failure — centralized databases under the control of one entity — is removed. Once we embrace decentralization, and start working together to make this model our default web setting, the rest will follow: the user-friendly OS, the users themselves, and with it the heightened privacy and security.
Ethereum is the obvious success story to date in decentralized computing, but it’s just the beginning, Web 3.0. The technical details will get ironed out over time, and each subsequent iteration will bring a series of competing and ever-improving platforms, each clamoring to achieve the same objective — to make the web safer for you.
Everyone has their own concept of privacy. Mine involves a web where I get to decide what information I share with whom. One where I control my data and my own sense of identity. A place where I can be sure my conversations are private and my email secure. Your own idea of private may differ, but I’ll wager the fundamentals remain the same.
The transition to decentralization won’t happen overnight. It will take time, technology and education. To become free, first we must want to be free, and to yearn for a better way of your decentralize life. Web 2.0 might be broken, but the next iteration doesn’t have to be. There will be false starts and setbacks, but what there won’t be — can’t be — is any going back. The decentralized computing era has already started.
Join it and together let’s make the web a better place.
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There is a tool that allow you to check total transactions of the top traded cryptocurrencies. It is called the (Block’tivity Report). I used this report to evaluate the ability of #cryptocurrencies to scale (which is a crucial factor in determining whether a specific business model is sustainable).
The Block’tivity Report is a useful in that it helps cryptocurrency investors to demonstrate how from a #scalability perspective #STEEM is a better buy than Ethereum and Bitcoin in the long run. Of course other factors need to be considered but it definitely demonstrate that STEEM can handle lots of transactions.
The figures below offer examples of the type of data you can extract:
Yes, it’s true, #Ethereum did process 1,115,461 transactions; however, it struggled to handle the load, using over 43% of its network capacity. See below.
Meanwhile, #Steem handled the load like a champ, using only 0.09% of its network capacity.
Even worse, #Bitcoin used up 100% of its capacity with over 118,968 transactions left unconfirmed.
Review similar tools at https://www.pmncoins.com/index.php?option=com_k2&view=item&id=319&readmore=1
ABOUT MATRIX THOMPSON
Matrix Thompson is a serial entrepreneur and Internet guru. Matrix has a keen interest in researching and analyzing new, disruptive Internet technology with an emphasis placed on social rewards, cryptocurrency, crowd funding and influencer marketing. Once analyzed, Matrix puts highly complex arguments or solutions into a language easily understood by anyone, and provides real-life examples or tools one can engage to design, implement and deploy successful projects. Follow Matrix on Twitter at http://www.twitter.com/matrixthinker
Cryptocurrency is getting stronger and stronger and it continues to gain more popularity. In this space, I want to show you that if you start today, you can have the ability to gain wealth in a short amount of time.
The last month has been a rollercoaster ride for the cryptocurrency industry. Last week, Bitcoin — the biggest among digital currencies — hit the $13,000 line for the first time. That didn’t stop there as it crossed an all-time high on December 12, marking through $17,500.
This recent surge is now being talked about in the mainstream media, with non-stop coverage among major news channels. More and more people are also trying to get their hands on it — indeed a sign that Bitcoin is getting more traction.
We all know Bitcoin is the king OG and it rightfully deserves that level of attention. But have you ever wonder about the other coins that are out there and whether or not they are making an impact on their own?
Since the crypto-boom, we’ve seen the creation of various coins — all aiming to compete with each other, and also to tap in to its potential. This reminds me the days of CompuServe, Lycos, AskJeeves — etc.
For starters, CompuServe was the first major commercial online service provider in the U.S. It had a major influence the late ’80s to mid ’90s and dominated the market from thereon. AskJeeves, on the other hand, was also an innovator as a search engine. It was then-known for having one of the well-thought out gimmicks amongst search engines, wherein it offered a personal online “valet service” provided by the titular made-up web character named Jeeves. It has since been converted to Ask.com.
Now, I am mentioning these two to make an important point. Back then, everyone wanted to see these things on the internet, but very few have survived. In the growing competition among cryptocurrencies, I believe this is what we are currently seeing right now. Some will remain, other will eventually fade.
Now, I want to show you a spreadsheet I made that helped me calculate (and speculate) coins. This is from October but more or less it will show you something. Here, I have listed down the top 3, namely Bitcoin (BTC0, Ethereum (ETH), and Litecoin (LTC).
There are also other coins to help you diversify, but these three, for me, have given me some solid returns.
Let us take a look at the other three I posted in the spreadsheet: Bitcoin Cash (BCH), IOTA (MIOTA), and Qtum (QTUM).
Note that this snapshot is at random, as they are calculated in a way to find an optimal buying time. From here, you can see that within each week, $300 is invested into all 6 coins (again per a week), and they have their own shares.
Imagine having the ability to just put part of your check into crypto instead of a 401k. You will gain so much more, this is proof of that.
Here is another one: If I continued to pump in $50 a week into each coin — I couldn’t put in the week snapshot — the total amount I’ve invested since October 1st till November 26 would have totaled to $2,700, with a gain of 250%. Just look at that number!
Cryptocurrency is a risky business, but it’s also, at the same time, very rewarding. Just imagine if you could have invested in Google or Facebook when they were starting — you could’ve been just sitting at home right now and enjoying your returns. That’s what we’re seeing here right now in the crypto space.
I believe things will just get better from here on. But like what I said, not all currencies will remain — all the good ones, as with any industry, will strive. But other will eventually fade, We may be looking at the current players and think of investing all we have in there while neglecting those with potentials.
The innovation won’t stop with just a few crypto-players. Over time, we will see more names in the horizon. So invest early, but make sure to do it with smarts and no matter where you want to make your investment, make sure to do your own through research.
Sign up at Coinbase Here, How to Guide Here
Validate and Secure Your Account
Fund Your Account, I suggest using a debit/credit as it is instant
Buy Bitcoin/Ethereum/Litecoin — either or is fine. You can actually just buy part of a coin and not the full coin.
Get a Digital/Hard Wallet for extra security
Ian Fernando writes for his personal blog as well as his Crypto Economy website. He also has strong Facebook group discussing Crypto Currency.
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading/financial advice.
JOLYY is an online beauty booking platform which will be upgraded using blockchain technology. Our mission is to disrupt the innovative and highly effective beauty booking platform. We will provide the market safe, trustworthy and efficient platform, which will be beneficial for all parties — from the industry representatives to their clients.
WHY USE JOLYY??
LOW COMMISSIONSJOLYY charges 1% commission instead of 20% (free of charge for the first year).
INSTANT PAYMENTSJOLYY token allows instant (customer to beauty expert, beauty expert to cosmetics merchant, advertiser to JOLLY.com and JOLYY LIVE) p2p payments.
USER-FRIENDLY MOBILE APP FOR BEAUTY BUSINESSOther platforms do not provide an easy way to fill up the schedule with the offline bookings so that the hours are unavailable for internet customers. We introduced a 3-step model (patent pending) for beauty experts to book available hours.
JOLYY LIVEJOLYY is the first to offer a social platform in this industry. This will be the place where they will be trending and follow their favorite beauticians.
JOLYY STOREJOLYY will not only connect beauty experts and customers, but also aim to be the first platform that produces electronics manufacturers and cosmetics producing companies. Through the development of the database of vendors and the implementation of JOLYY Store via smartcontracts their products directly to the beauty salons.
360 ° ADVERTISINGJOY token ad payments within JOLYY ecosystem (beauticians-merchants-customers). Fixed exclusive price of advertisement on the website platform for JOY token owners.
TOKEN USAGE 1 INDEFINITELY FIXED AD PRICES IN JOY 2 PAYMENT METHOD IN JOLYY AND JOLYY STORE 3 PAYMENTS TRANSFER METHOD VIA SMART CONTRACTS 4 BOUNTY AND AWARDS FOR USERS
TO INFORMATION DETAILE: http://www.jolyy.com/
View the profile of Bani israil
View the profile of Bani israil
View the profile of Bani israilbitcointalk.org
MY ETH WALLET ADDRESS:0x0C79a4D942Ed14C6C7e6A0CF82493C13ABac6DD8
WAX is a utility token that’s designed to make digital item trading easier and less expensive for both marketplaces and customers, particularly for small and cross-border transactions. There are five main reasons that WAX is superior to other tokens in the space:
Who and what is behind WAX
The advantages of WAX to users
How WAX is distributed
There is no better team to build WAX, period. The WAX team is the same team behind OPSkins Marketplace, which is the #1 digital marketplace in the world. WAX will be the third global marketplace built by the OPSkins team, which is particularly impressive when you consider that their first two global marketplaces became #1 in their respective categories.
Why is OPSkins key to the WAX platform’s success? Because OPSkins, a site that sells 2 million items per week, will be WAX’s first customer. OPSkins will fully support WAX, and it will be integrated at every level within OPSkins.
And in case you’re wondering if OPSkins customers will be inclined to use WAX, know that OPSkins customers are already primed for using cryptocurrency. OPSkins has been accepting bitcoin for more than two years, and after they built their own bitcoin payment processing platform, OPSkins became one of the top five largest e-commerce sites globally for accepting bitcoin. Their millions of customers already like and use cryptocurrency, and will naturally adopt WAX since it will serve as a lower cost and easier settlement method than what they’re accustomed to using on OPSkins.
The functionality of the WAX Platform and Token is designed to generate money via fees for sites that adopt it.
The entire WAX system is meant to be viral, where listing sites and sale sites will want to list digital assets. Why? Because they’ll make money. The selling site, listing site, and escrow agents all get a portion of the sales fees for every item that’s transacted on the WAX Platform between those sites. Any site will be able to create their own white label site even with no programming experience by using WAX’s open-source templates.
But what about OPSkins competitors — will they use WAX even though it’s developed by OPSkins? Yes, because not only do they have access to list every single item on their site that’s will be listed for sale on OPSkins, but they can also list any and all the items from every other site that uses the WAX Platform. In short — any site that adopts WAX can list any item from the inventory of what’s available on the WAX Platform’s blockchain. The same item can be listed on an endless number of websites so long as they adopt WAX.
WAX also provides a simple exchange widget for websites to use, so that if a user decides to purchase a digital item that they want from a site that uses the WAX Platform, they can simply click a “buy now” button in the WAX widget on the site. An example site for placing such a widget would be on Twitch.tv, which broadcasts live streams from video game players. If a gamer was watching their favorite streamer playing in a match with an interesting skin, the gamer would click on the WAX widget displayed on Twitch.tv to purchase that skin from the streamer. The streamer would make additional revenue from selling their skins, Twitch.tv would get a cut of the transaction fee for hosting the widget, and the gamer would be able to purchase their skin without ever having to interrupt their viewing experience of the match.
Not only can anyone, even with limited technical knowledge, create a listing or selling site for existing digital items, but sites transacting physical items can also be supported by adopted WAX. Cross-chain crypto trades can be supported as well.
WAX has real-world advantages to people who buy and sell digital, virtual, or physical items with WAX.
Since WAX can be used on any site that supports the buying and selling of digital, virtual, or physical items, then users can trade anything that’s available on the WAX Platform for anything else.
The simple widget makes it easier for buyers to purchase items with WAX. The buyer will select an item and provide payment within the WAX widget, without needing to understand the complexities behind WAX.
The first time a buyer or seller interacts with the WAX Platform, they’ll be taken through an onboarding process that allocates a WAX Wallet and allows them to either fund the immediate purchase or list their item for sale, all without forcing them to understand WAX, the WAX Platform, or WAX Tokens.
The ability to trade any digital or digitized item for any other on the same platform with the same process is an advantage over other competing business models.
Items sold for WAX Tokens will be nearly immune to price volatility through the use of WAX pegged asset contracts.
Price fluctuations of any amount will exist whenever an item that’s worth a fixed amount is transacted with a market-driven currency. This potential volatility, regardless of how strong, could lead to items being purchased for more or less money than the seller initially intended, reducing the efficacy of using the market-driven currency. WAX solves that through the use of pegged asset contracts.
Say a seller wants to list item Z for $100 USD, but the value of WAX during that week is fluctuating 25% in either direction. Rather than pricing item Z in WAX Tokens and the seller risking one of three outcomes — receive $75 USD if the price goes down, take the chance that the item will fetch $125 USD if WAX is trending upwards at the time of sale, or not find a buyer in a timely manner since the price increased 25% over it’s actual value — the seller can list item Z for a WAX pegged asset contract with a value of $100 USD. By doing so, a buyer purchases item Z for the price of its WAX pegged asset contract worth $100 USD and receives item Z in their inventory, while the seller receives $100 USD in WAX Tokens (minus fees) even if the value of WAX at the time of sale was 10% higher than at the time of listing.
WAX pegged asset contracts are temporary smart-contracts that exist only during the life of a particular transaction, so using the above example it would be the time from when item Z is listed for sale and when it’s purchased.
At any given time, there’s a limited number of WAX Tokens in actual use. In order for the Platform to function, Tokens are locked up for a variety of reasons.
The circulating supply of Tokens is limited for two reasons:
WAX Tokens are used to list, sell, transact, settle, create and service contracts, propose, pledge and vote for WAX Guilds.
Guilds are the confirming nodes of the WAX Platform. WAX Tokens must be pledged to Guilds, and these Tokens are locked up while they are pledged.This limits the circulating supply of WAX Tokens because users will pledge, and therefore lock up, their Tokens in order to support Guilds.
Transfer Agents are responsible for enacting in-game trades of virtual items purchased. Transfer Agents must put up a bond of WAX Tokens equal to 4x the amount of assigned Settlement Execution Contracts. The WAX Tokens put up for these bonds are locked up and so cannot be traded. In order to increase the volume of Settlement Execution Contracts that a Transfer Agent conducts, the Transfer Agent must increase the amount of the bond to maintain the required 4x, and so must acquire more WAX Tokens to do so. As a Transfer Agent’s volume grows, they must lock up more tokens as to not limit the amount of contracts they can execute. This too limits the circulating supply of WAX Tokens.
While the Settlement Execution Contracts is pending execution, the WAX Tokens designated for the transaction are locked up. The length of this lock-up is contingent on the amount of time that it takes for the Transfer Agent to execute the contract.
Not only is the circulating supply limited by locked-up Tokens from Guilds, Transfer Agents, and contracts, but no new WAX Tokens get added to the network as there is no mining with WAX. Only tokens that exist in the network are used.
WAX is a utility token designed with functionalities to make digital item trading easier and less expensive for all. The WAX team, using their experience and skills unmatched in the industry, have developed this token to revolutionize the digital items trading industry.