Review on WAX by Pedro O. Alvino M.
Decentralized P2P market
WAX is a decentralized, person-to-person market for the exchange of virtual assets. It uses blockchain technology and smart contract tokens to enable buyers and sellers to exchange skins efficiently and without the need for an intermediary. The platform is designed to allow millions of users to create their own virtual stores without having to invest any capital in security, infrastructure or payment processing.
Pros
- Open source project.
- Based on the Ethereum blockchain.
- Available at various recognized Exchanges.
- It can be used to list items for sale, transact value between them, settle the transfer of virtual goods, create service contracts, and propose and vote for WAX Guilds.
- Enough community on the platform.
Cons
- Native token outside platform does not have much use.
- Various competitors in the market, such as GameCredits and Enjin.
