/biz/ - Business & Finance

New Wax Token Model Anonymous Thu Oct 8 06:59:16 2020 No.23121195 [View]
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> WAXP token will now be split (using the Ethereum bridge) into WAXE (at a ratio of 1000 WAXP to 1 WAXE) and WAXG tokens.

> The WAXE token is an erc20 token which can be staked in an ethereum distribution contract.

> The WAXG token is the Governance token of WAX and will govern the allocation and distribution of WAX Blockchain-derived economic value on Ethereum.

> By staking the WAXE token the staker get ETH and WAXG tokens in accordance to a set timetable and in proportion to each staker’s percentage of the WAX Economic Activity Pool.

Find out more: https://medium.com/wax-io/coming-to-wax-a-new-wax-tokenomic-model-cd0616a069e9

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