WAX is one of the most popular blockchain platforms for building virtual asset marketplaces. The associated WAX app makes it easy for anyone to invest in digital collectibles and earn rewards. Here we explore the key opportunities WAX provides for investors. By staking WAX tokens and participating in community governance, users can earn token rewards. The WAX Cloud Wallet also enables easy and secure asset management. With WAX’s vibrant ecosystem of games and collectibles, investors have a wide selection of digital assets to trade. Overall, the WAX invest app opens up blockchain-based investing to everyday users in a simple and accessible way.
Stake WAX tokens to earn rewards
One of the easiest ways to invest with the WAX app is by staking WAX tokens. Staking simply means locking up tokens in a wallet in order to participate in transaction validation and governance. WAX uses a Delegated Proof of Stake (DPoS) system that allows token holders to stake to ‘guilds’ which validate transactions. These guilds share a portion of transaction fees with users who stake to them as rewards. The more WAX tokens staked, the greater the user’s share of rewards. Currently, APR for WAX staking rewards can reach 20% or more, making this a lucrative passive income stream for investors.
Buy, sell and trade digital collectibles
The WAX blockchain is designed specifically for trading virtual assets and collectibles. The WAX app provides access to a wide range of digital collectibles from popular video games, sports leagues, entertainment brands and more. Users can easily buy, sell and trade these items through marketplaces like OPSkins. As with physical collectibles like trading cards, values fluctuate based on rarity and demand. Savvy investors can profit by buying undervalued assets early and selling when prices rise. The WAX app makes participating in this market accessible to anyone.
Safely store assets in the WAX Cloud Wallet
The WAX Cloud Wallet integrated into the WAX app enables easy and secure asset management. Users can store their WAX tokens, NFT collectibles, and other blockchain assets within a single wallet. The wallet removes the need to manage private keys, with cloud-based recovery and backup. Transactions can be quickly executed directly from the wallet as well. The WAX wallet therefore provides an essential tool for investors participating in the WAX ecosystem, allowing seamless asset trading, staking, rewards redemption and more.
Get involved in DPoS community governance
Beyond just earning staking rewards, the WAX invest app allows users to get involved in community governance through its Delegated Proof of Stake model. WAX token holders can vote for ‘Block Producers’ which validate transactions and govern the network. Users can also propose improvements to the WAX blockchain. This hands-on participation lets invested users shape the direction of the WAX ecosystem.
For investors seeking exposure to blockchain assets, the WAX ecosystem provides a wide range of opportunities. From staking tokens to trading digital collectibles, the WAX invest app makes participating simple and rewarding.