Binance, the world’s largest cryptocurrency exchange, is listing a new altcoin today. The exchange announced that it will add WAX (WAXP) to its platform. With Binance’s listing announcement, the altcoin price rose sharply.
Binance lists a new altcoin today
Giant Bitcoin and cryptocurrency exchange Binance is listing a new altcoin today. Borsa İstanbul made the following statement on the subject via its official website:
Binance will list WAX (WAXP) and open trading for WAXP/BTC, WAXP/BNB, WAXP/BUSD, WAXP/USDT trading pairs on 23.08. 2021. Users can now start to deposit WAXP on the stock market in preparation for trading. Withdrawals for WAXP will open on 24.08. 2021. Note: Withdrawal open time is an estimated time for users’ reference. Users can see the real status on the withdrawal page. WAXP Listing Fee: 0 BNB. Risk warning: Cryptocurrency trading is subject to high market risk. Please do your transactions carefully. Binance will do its best to select high-quality cryptocurrencies, but will not be liable for your trading losses. Thank you for your support!
With Binance’s listing announcement, the altcoin price rose sharply. The cryptocurrency has gained more than 130 percent. At the time of writing, this upward trend continues.
What is cryptocurrency project WAX (WAXP)?
WAX is a purpose-built Blockchain and protocol token designed to make e-commerce transactions faster, easier and more secure. WAX Blockchain uses Delegated Proof of Stake (DPoS) as a consensus mechanism and is backward compatible with EOS. Special features and incentive mechanisms developed by WAX are designed to optimize the usability of Blockchain in e-commerce and to encourage voting for guilds and proposals.
WAX has created a suite of blockchain-based tools on which dApps, marketplaces, and native non-tradable tokens (NFTs) are built. These tools include a series of services that support e-commerce operations such as WAX Cloud Wallet, SSO and OAUTH, a local RNG service, and a developer portal. The resulting technology represents a blockchain architecture with a block time of 500 milliseconds. There are no fees for clients and it leverages voting rewards to encourage participation in the selection of block producers and their offerings.