A decentralized platform operating a fully functioning virtual asset marketplace
Token symbol
Start Date
Close date
Smart contract blockchain
Team:
William Quigley - CEO
John Brechisci - Jr. Lead Designer
Jonathan Yantis - COO
Malcolm CasSelle - President
The role of the WAX Platform as a virtual goods marketplace is to decentralize exchanges while allowing users to purchase goods with a global token.WAX will enable a new generation of virtual asset traders, in a similar way that modern marketplaces enabled entrepreneurs to become power sellers online, ride share drivers or hosts for travelers (Alibaba, Amazon, Uber, and Airbnb). These platforms enhanced commerce for millions of small business owners and created hundreds of billions of dollars of 7 new value by making their platforms easy to use and widely available, while simultaneously solving expensive problems like fraud prevention, settlement execution, product and seller reviews, standardized catalogs of product information, supply and demand matching, etc.
Expert Review
WAX is a decentralized platform for exchange of virtual goods. The main target audience of the project - gamers, because it is in the games at the moment concentrated most of the virtual goods. Although it is possible that in the future there will be other kinds of them. In general, the idea is not new, although the application of blockchain is convenient when it is not about physical goods, since the transfer fact is easy to verify and automate. WAX Tokens are utility tokens that allow virtual goods to easily be tokenized and exchanged for cryptocurrency. The project has a small team and no advisors, which may be bad for its implementation. However, there is a detailed documentation, including even a little analysis of the competitive environment.
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