The introduction of digital technologies into business processes began several decades ago. E-commerce in its current form is not only an auxiliary tool, but also a completely independent direction for the development and distribution of digital products for various purposes.
Each of the blockchain platforms operates using its own digital currency. But this is far from the only reason to look for a convenient and safe cryptocurrency exchange. Digital coins are a high-risk, but potentially profitable investment tool. On https://letsexchange.io/ 350+ different coins and tokens are available for purchase and exchange, and here you can easily purchase the asset you need.
Worldwide Asset eXchange (WAX) is a blockchain-based platform designed to simplify, speed up and secure e-commerce transactions.
WAX provides its users with a set of blockchain-based tools that are used to create non-fungible tokens, decentralized applications and markets for trading and exchanging digital assets.
The platform includes several elements:
- Blockchain WAX.
- Decentralized marketplace.
- Decentralized cloud wallet.
- Decentralized trading and virtual item generation platforms.
To support e-commerce, the platform provides the OAUTH service (own RNG service and developer portal). Thanks to the SSO service, users have access to all the features of the platform. Network Consensus
The creation of blocks in WAX is the responsibility of the guild. The blockchain uses its own Delegated Proof of Stake (DPoS) consensus algorithm.
- The platform operates using three tokens: WAXE, an Ethereum-based ERC20 token.
- WAXG, an Ethereum-based ERC-20 governance token that is being distributed to WAXE holders.
- The main WAXP token.
WAXP can be converted to WAXE using the WAXP-to-Ethereum bridge. In order to receive WAXE across the bridge and participate in the platform’s tokenomics, users need to burn WAXP. After that, WAXE tokens need to be placed in the Ethereum distribution contract.
The main WAX token is used to regulate the development of the ecosystem. Token holders can take part in voting or place bets and receive rewards for active participation in the development of the platform.
Where to change WAX
WAX is traded on many major exchanges, including Huobi Global, KuCoin, Binance, and a few others. Classic cryptocurrency exchanges are convenient for buying digital coins for fiat money and exchanging WAX to USD. They are optimally suited for trading, some sites support the possibility of staking. However, the common and most significant drawback of traditional exchanges is the need to disclose personal data for registration and account verification.
This circumstance sometimes even outweighs the fact that most operations on trading platforms are carried out with the mandatory collection of a commission.
If you need to exchange a cryptocurrency for another cryptocurrency, it is easier and safer to do it on LetsExchange.
First of all, you won’t have to spend time creating an account and revealing personal details. After you enter any page of the platform, you will need to fill in the exchange widget:
- In the upper field, select WAX and indicate the amount of coins for sale.
- In the lower field, select ETH to buy. The built-in calculator performs the calculation of the amount of ETH automatically.
- Specify the wallet address for crediting the purchased coins.
- Make a deposit.
- Press the “Exchange” button.
Everything else is done automatically. The Smart Rate system finds the most profitable current deal and after confirming the exchange request, the transaction is completed, and the coins are credited to your wallet. The exchange execution speed corresponds to the transaction processing speed in the blockchain.
Cryptocurrency exchange on Letsexchange – anonymously, quickly, without the risk of stealing coins and personal information.