Whitepaper

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Market Problem

• Each year 400M+ gamers purchase 50B+ in virtual items worldwide

• Items are either stolen or they pay very high fees

• Significant territorial supply and demand imbalances

• A global virtual asset repository, accessible to anyone, providing a complete catalog of all items available for sale in real time

• OPSkins, the world’s largest platform for video game virtual goods traders is building a blockchain protocol called worldwide asset exchange (WAX)

 

Solution: Worldwide Asset eXchange (WAX)

• From the buyer’s perspective, all that is required is to select an item, provide payment, and, a short while later, the item shows up in his personal inventory without him ever leaving the site he was visiting

• WAX Value Proposition

  • The WAX platform will allow millions of traders to create their own virtual stores on one decentralized platform

  • Connecting 2 billion gamers worldwide

  • Similar business model to Amazon, Alibaba, Uber, and Airbnb

• Wax Functionality

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WAX Protocol

• WAX Tokens

  • Enables users to list items for sale, transact value between each other, settle the transfer of virtual goods, create and service contracts, and propose and vote for WAX Guilds

• WAX Accounts

  • Users, Guilds, Transfer Agents, and Contracts

  • User accounts control a single private key, and corresponding address, with which they create and sign transactions

  • Guilds are the confirming nodes of the WAX Platform and are elected by DPOS from users

  • Transfer Agents are responsible for the in-game transfer of digital assets between Users

  • Contracts are code stored in the WAX Platform state, that can be executed by external agent accounts

• Delegated Proof of Stake

  • High transaction throughput, with the confidence of network support and trust

  • 64-Guilds are each ranked depending on how many votes they earn

  • Can pledge your tokens to others, not yourself

 

WAX Applications

• WAX Connect

  • A browser-based SDK that provides a set of functions to allow building listing widgets, performing wallet transactions on remote wallets, and performing seamless on-boarding of new users into the WAX Platform

• WAX Node

  • Will be run by Guilds and other ecosystem participants

  • Provides a gateway to the overall WAX Platform, including node and Guild discovery, API endpoints for WAX connect and WAX Wallet, and possibly naming service

• WAX Wallet

  • Allows non-guild WAX users to hold WAX Tokens and participate as a DPOS delegate

• WAX Core

  • An SDK that encapsulates the common functions of WAX Node and WAX Wallet

  • Forging of delegates, provide blockchain synchronization, and include the complete developer API

 

Roadmap

 

 

 

 

 

 

 

 

 

 

 

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Team

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William Quigley – CEO

• Consumer Products Finance at Disney – 8 years

• MBA in Finance from Harvard

Malcolm CasSelle – President

• CIO at OPSkins – Current

• Board Member for Social Reality – Current

  • SRAX, previously Social Reality, is a digital marketing and consumer data management and distribution technology platform company. Has been red Since it was created in 2013

• CTO for tronc – 1 year 8 months

  • Tronc, Inc. is an American newspaper print and online media publishing company based in Chicago, Illinois. Valued Lower now then it was in 2014

• SVP and GM for SeaChange International – 1 year 1 month

  • SeaChange International is a multinational company headquartered in Acton, Massachusetts that provides multi-screen video products and services that facilitate the aggregation, licensing, management. Has been heading downhill since 2000

• CEO for Timeline Labs – 1 year 6 months

  • Founded in 2012 by SeaChange, did not help improve the company at all

• Advisor to Xfire – 3 years 1 month

  • Xfire was a proprietary freeware instant messaging service for gamers that also served as a game server browser with various other features. Was acquired by Viacom after 4 years which makes around 13 billion dollars a year

• Senior Vice President at PCCW – 4 years 3 months

  • PCCW Limited is a Hong Kong-based information and communications technology company which most notably as the majority owner of HKT Limited. Founded in 1979

• Masters in Computer Science from Stanford

 

4 TEAM MANAGEMENT, NO INFORMATION ON OTHER EMPLOYEES

 

Partners & Backers

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Kyber Network

Robot Cache

• Robot Cache is a video game company established to allow for digital buying and selling of video games. Founded this year, hasn’t started business yet

Bancor

Salt

Nexo

• Over the past 10 years, we have been providing instant loans to millions of people across Europe. We believe that the expanding digital world helps improve our lives. We would like to contribute by providing

Jaxx

War Riders

• Popular Multiplayer video game

EOS

 

Articles

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https://medium.com/wax-io

 

http://markets.businessinsider.com/news/stocks/blockchain-game-war-riders-partners-with-wax-and-opskins-marketplace-1027363883

War Riders is a massively multiplayer online (MMO) strategy game based on earning cryptocurrency, customizing vehicles and battling opponents. Players can build their own customized war vehicles from scratch and use them to mine and attack enemies for the in-game currency, Benzene (BZN). Players can mine for BZN by driving through waypoints or raiding other players' coins. BZN has a finite supply and unique "burning" mechanism enforced by a smart contract.

 

https://medium.com/wax-io/opskins-announces-etherbots-integration-tradable-with-wax-b952ec5877c4

OPSkins will become the go-to marketplace to trade these ERC-721 tokens, also known as Crypto Collectibles, as Etherbots makes the second such token to be added to OPSkins and tradable with WAX Tokens. The first was CryptoKitties in December 2017, and there are more to come.

 

https://medium.com/wax-io/blockchain-will-help-reduce-fraud-in-gaming-skins-trading-dave-anthony-founder-of-call-of-duty-1790bbd72a72

We spent years working on the gamer experience at Call Of Duty, although people didn’t always appreciate it. For instance, we would spend months redesigning a UI, so the number of clicks would go down from 2 to 1; all those countless hours to improve UX. WAX understands the value of a great user experience.

 

https://www.reddit.com/r/CryptoCurrency/comments/8i62rd/the_truth_about_wax_and_digital_assets/

To take a look at the bigger picture we have to first dig into digital assets. Right now everyone is just talking about skins and crypto collectibles. Think about those what you want. But In essence, a digital asset is anything that can be stored digitally, and thus be traded digitally. Even though the 50 billion dollar market OpSkins is targeting seems enormous, it’s just the tip of an iceberg. Digital assets are everywhere around us. Combining digital asset trade with blockchain allows licensing on a whole new level. Think of eBooks, you could actually resell and the publishers even earning on your resell through the WAX chain if they want. Same goes for movies, television series, computer games, music, etc. pp.

 

Videos

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https://www.youtube.com/watch?v=89SixrRM06s

Boxmining

 

https://www.youtube.com/watch?v=tWkfYPcd698

Altcoin Buzz

 

https://www.youtube.com/watch?v=ZtJ2eIXSvnc

Boxmining

 

https://www.youtube.com/watch?v=JapMsEc3Mpg

CNBC Crypto Trader

 

CoinCheckUp  

 

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Conclusion

I would give Wax a B+ rating. WAX is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. Developed by the founders of OPSkins, the world’s leading marketplace for online video game assets, WAX is designed to serve the 400+ million online players who already collect, buy and sell in-game items. Great idea, really competing with ENJ, however they already have a huge spot in this industry which is worth investing in.