WX Network Token

WX Price

About WX Network Token (WX)

WX Network Token (WX) is the native utility and governance asset for the WX Network, a decentralized trading protocol designed for self-sovereign crypto management on the Waves blockchain.

• Powers the governance mechanism of the WX Network through a locking system that grants voting power to participants.
• Enables users to earn a share of protocol revenue and boost their yield from liquidity provisioning within the ecosystem.
• Facilitates decentralized asset management across a suite of investment tools, including automated market maker pools and leveraged farming.

What Is WX Network Token

WX Network Token serves as the economic backbone of the WX Network, a platform formerly known as Waves.Exchange. Its primary value proposition is to decentralize the decision-making process and align the interests of liquidity providers, traders, and long-term holders. Value moves through the system as users contribute liquidity to pools or engage in trading activities, generating fees that are partially redistributed to those who support the protocol's infrastructure.

The token is put to work through a locking mechanism where users commit their WX for a specific duration to receive gWX (governance WX). This process allows holders to participate in the DAO, vote on protocol updates, and influence the distribution of rewards across different liquidity pools. As the ecosystem grows and trading volume increases, the utility of WX scales by providing greater governance influence and potential fee distributions to active participants.

What Makes WX Network Token Unique

• Hybrid Architecture: The platform utilizes a unique design that combines the speed of centralized order matching with the security of decentralized settlement on the Waves blockchain.
• gWX Governance Model: A sophisticated locking system where the duration of the commitment directly scales a user's voting weight and share of protocol incentives.
• Ecosystem Depth: WX is deeply integrated with native investment products, allowing users to move seamlessly between staking, liquidity provisioning, and governance.

What Can You Use WX Network Token for?

• Governance: Participate in the DAO by voting on key protocol parameters, including fee structures and the listing of new assets.
• Reward Boosting: Increase the annual percentage yield earned from liquidity pools by holding and locking tokens.
• Fee Distribution: Earn a portion of the trading fees generated by the decentralized exchange as a reward for long-term commitment to the protocol.

How Does WX Network Token Work?

WX Network Token operates as an application utility token on the Waves blockchain. While transaction fees on the underlying network are paid in WAVES (the native Layer 1 asset), WX is used specifically for protocol service fees and governance within the exchange's smart contracts. The platform employs a "Matcher" service that executes high-speed order matching off-chain while ensuring that the final settlement and custody of funds remain fully decentralized on-chain.

When a user locks WX, the smart contract issues gWX, which is a non-transferable unit representing governance power. This power is used to vote in "gauge" mechanisms that determine which liquidity pools receive the highest emissions of new tokens, thereby incentivizing liquidity where it is most needed.

Team Info and Investors

The WX Network was originally launched as Waves.Exchange, the flagship decentralized exchange for the Waves ecosystem founded by Sasha Ivanov. Over time, the project transitioned toward a community-governed model to enhance decentralization. The protocol is now managed by a DAO where WX holders determine the strategic direction of the platform. The project has historically been supported by the broader Waves community and early ecosystem funding initiatives.

Where can you buy WX Network Token?

WX tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade WX Network Token is WX Network, where the most active trading pair WX/WAVES has a trading volume of $174.24 in the last 24 hours.

What is the daily trading volume of WX Network Token (WX)?

The trading volume of WX Network Token (WX) is $35,063.29 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for WX Network Token (WX)?

WX Network Token (WX) reached an all-time high of $9.83 and an all-time low of $0.0008038. It’s now trading -99.90% below that peak and 1,268.50% above its lowest price.

What is the fully diluted valuation of WX Network Token (WX)?

The fully diluted valuation (FDV) of WX Network Token (WX) is $10,999,670. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion WX tokens are in circulation today. Depending on how the emission schedule of WX tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of WX Network Token compare against its peers?

With a price increase of 0.00% in the last 7 days, WX Network Token (WX) is outperforming the global cryptocurrency market which is down -4.30%, while outperforming when compared to similar Waves Ecosystem cryptocurrencies which are up 0.00%.