In theory, anything can be monetized. After the Internet became available to everyone, finding buyers for your product or service became much more accessible. With the advent of blockchain, the possibilities for monetizing any activity have become almost limitless. In particular, GameFi platforms based on blockchain have begun to gain popularity.
These platforms work as follows: in blockchain games, characters represent non-fungible tokens. Players can create unique characters, upgrade them, and sell or buy them for cryptocurrency accepted on the platform. Some games even offer bets on the outcome of battles. Internal tokens of popular games are already going beyond their media and are actively traded on cryptocurrency exchanges, just like BTC to XMR are traded.
What is Wax (WAXP)
Wax Cryptocurrency (WAXP) is part of the decentralized WAX platform, allowing a wide range of users to participate in a fully functional virtual market. The platform has become a leader in the global trading of virtual items in online games, eliminating the need for users to invest in security, infrastructure, and payment processing. Gamers can freely exchange virtual goods without any hassle.
The WAX cryptocurrency (WAXP) serves as a means of payment between users in this ecosystem. WAX provides microservices, tools, and services that make creating projects on this platform easier. The WAX blockchain protocol is based on delegated proof of stake (DPoS) as a consensus mechanism and 21 block producers carry out block production. This system can process significant volumes of transactions, and the selection of DPoS nodes is carried out by users who can vote for their preferred participants, which is different from traditional Proof of Work (PoW).
What is Wombat
Wombat is a Web 3.0 gaming platform where players can successfully monetize their time and achievements, turning NFT ownership into a social experience that can be shared with friends and peers. With an impressive ecosystem of major AA/AAA games and NFTs, Wombat brings the world of Web 3.0 together with the games you love, delivering a unique experience for players and developers alike. The Wombat Token ($WOMBAT) is a multi-chain token that plays an important role on the Wombat Web 3 Gaming Platform for gamers and game creators.
Initially, WOMBAT tokens were issued on the Ethereum blockchain with a fixed limit of 10 billion. However, users will use bridges like the Polygon Bridge to ensure convenience, speed, and low fees when using and transacting WOMBAT.
Gamers participating in the Wombat Web 3 platform can earn WOMBAT as rewards for activity on the forum, including downloading and playing games, participating in and winning challenges, completing quests, trading on the Wombat NFT Marketplace, and using other features of the Wombat app.
Where to exchange WOMBAT to WAXP
WAXP is widely represented on centralized cryptocurrency exchanges and is available in exchangers. The coin is traded on Binance, KuCoin, Gate.io, Baybit, and several dozen other trading platforms in pairs with BITCOIN, ETHER, and dollar stablecoins and is also available for purchase for the Korean won.
WOMBAT is still a rare “animal,” just like its furry prototype. The token is traded on KuCoin and several DEXes: Uniswap (v3), QuickSwap, and ApeSwap. There are only 3 available exchange directions. WOMBAT can be exchanged for USDT, WMATIC, and USDCE. As WOMBAT’s popularity grows, the WOMBAT to WAXP converter will begin functioning.
Since there are no direct swaps of these assets on any of the centralized or decentralized operating platforms, the exchange will have to be carried out indirectly, with the participation of USDT. This is possible on KuCoin, which supports both coins.
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