Trade WAXP/USD
WAX / US Dollar
WAX is a delegated proof-of-stake blockchain purpose-built for NFT trading and gaming, hosting some of the most active blockchain games including Alien Worlds and Farmers World, and processing more daily transactions than most other chains at near-zero cost.
Specifications
About WAX (WAXP/USD)
WAX, or Worldwide Asset eXchange, was founded in 2017 by OPSkins founders William Quigley and Jonathan Yantis, who had already built the world’s largest skin trading marketplace for games like CS:GO. WAX launched as a blockchain optimized for digital collectible trading with no transaction fees for users, subsidized by staking rewards for validators called guilds. The chain achieved mainstream cultural moments by partnering with Hasbro, Mattel, Topps, and Funko for licensed NFT drops. Alien Worlds, the most-played blockchain game by active wallet count for multiple years, runs on WAX. The WAXP token is used for staking to generate CPU and NET resources, governance, and rewards for guild validators. Carbon-neutral certification was obtained through renewable energy offset partnerships. WAXP/USD on StoicFX is a CFD, no WAXP tokens are purchased or held on your behalf.
Key Price Drivers
- Alien Worlds daily active wallets and in-game events driving WAX staking demand
- Licensed NFT drops from Hasbro, Mattel, and Topps attracting non-crypto audiences
- Gaming NFT market share competition with Immutable X, Ronin, and Solana
- WAXP staking for CPU and NET resources as game activity drives resource demand
Peak Trading Hours
Smaller-cap altcoin CFDs trade around the clock on StoicFX MT5. Volume follows broad crypto market patterns and peaks during US and European hours, though individual tokens may see activity spikes tied to project-specific catalysts.
US and European business hours (13:00-21:00 UTC)
Smaller-cap tokens can experience higher percentage moves than large-cap cryptos. Liquidity may be thinner during off-peak hours, and spreads can widen accordingly. Available on MT5 from Monday 00:00 to Friday 23:59 UTC.
How to Trade WAXPUSD on StoicFX
Open an Account
Register for a live or demo account in minutes.
Fund Your Account
Deposit via bank transfer, card, crypto, or e-wallet.
Find WAXPUSD in MT5
Open MetaTrader 5, search for WAXPUSD in Market Watch, and add it to your chart.
Place Your Trade
Set your lot size, stop loss, and take profit, then execute your order.
FAQ
Why is WAX preferred over Ethereum for gaming NFTs?
Ethereum charges gas fees on every transaction, making micro-transactions in games, like crafting an item, completing a quest, or trading a common NFT, economically impractical. WAX uses a staking model where WAXP stakers generate free CPU and NET resources for transactions, making routine game interactions free for players while validators are compensated through block rewards. This fee-free user experience, combined with 0.5-second block times and built-in NFT contract standards, made WAX the dominant gaming chain before Immutable X and Ronin emerged as alternatives.
What is Alien Worlds and why does it matter for WAXP?
Alien Worlds is a space-themed mining and governance game where players use NFT tools to mine Trilium (TLM) on different planetary DAOs. For multiple years it was the most-played blockchain game by active wallet count, regularly exceeding 200,000 daily active wallets. Its continued activity generates constant WAX blockchain transactions, mining actions, NFT trades, and governance votes, keeping WAX’s utilization metrics high and demonstrating that WAX’s architecture can handle sustained game usage rather than just speculative NFT trading.
How has WAX managed to attract mainstream brands for NFT drops?
WAX’s founders had pre-existing relationships in the collectibles and gaming industry from building OPSkins, the largest CS:GO skin trading platform. They leveraged those industry connections to pitch Topps, Mattel, and Hasbro on NFT collectible lines at a time when those brands wanted blockchain exposure without technical complexity. WAX’s no-code NFT minting tools and the guarantee of zero user fees removed the most common objections from brands unfamiliar with blockchain development.
If I trade WAXP/USD on StoicFX, do I hold any WAXP tokens?
No. WAXP/USD on StoicFX is a Contract for Difference. You trade WAXP’s price against the US dollar without owning any tokens. To play WAX games, mint NFTs, stake for resources, or vote in guild governance, you would need actual WAXP tokens in a WAX-compatible wallet.
Start Trading WAXP/USD
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CFDs are complex instruments and carry a high risk of rapid capital loss due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.