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Bob’s Gem of the day 6 – WAX ($WAX)

Gem of the day – WAX ($WAX)

WAX

Why I like WAX:

  • It’s a Blockchain-based decentralized gaming platform
  • An ERC20 token
  • It allows for peer-to-peer trading of in-game items like skins and other virtual goods.
  • You can buy and sell online virtual goods in the gaming industry by way of smart contracts, cryptocurrency and blockchain-enabled settlement using the WAX token and other cryptocurrencies.
  • It uses Ethereum’s smart contract features and works as an only way for gamers to sell, buy, and trade assets on the exchange
  • The online market for buying and selling video game virtual item is worth over $50 Billion USD per year.

The team look solid too:

WAX team consists of William Quigley, the CEO, Malcolm CAsSElle, the President, Jonathan Yantis, the COO.

WAX Management

Current Pricing:

WAX (WAX)

 

All time high price:

$2.86

Current price:

$0.0956 (96% down from ATH)

Volume (24h)

$1,104,253 USD
170.62 BTC
5,041 ETH

Circulating Supply

934,813,056 WAX

Total Supply

1,850,000,000 WAX

Why I would invest:

  • The support of OPSkins brings experience and professionalism to the project.
  • Online gaming has a huge user base and WAX can bring enormous benefits to it and its users.
  • The online market for buying and selling video game virtual item is worth over $50 Billion USD per year.
  • Only 2 real competitors. Gameflip & Enjin.
  • Its massively undervalued right now
  • It’s listed on all of the big 5 exchanges.

My Score for WAX?

  • At these prices I would score WAX 85% due to the tremendous upside potential in both token value to the investor and the gamer. At an ATH of $2.86 the token could 30x in a future bull run based on today’s price.

Disclamer: This is just my opinion and NOT financial advice. Please do your own research!

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