In this overview, you can see the current utilization of resources, and also an option to buy additional resources. If you notice that your account is unable to make transactions as a result of insufficient resources, or if you would just like to have some extra resources, purchase additional resources using the ‘Extend Resource Capacity’ feature. At the time of writing this article, an additional couple of WAX tokens staked for CPU and NET, should suffice for a lot of daily transactions. You will likely not have to buy additional RAM, but if you do, a couple of WAX tokens worth of RAM will suffice for most activities (at the time of writing).
To buy additional resources using the ‘Extend Resource Capacity’ feature, move the pointer along the line until you are satisfied, and click ‘Buy resources’. This will open a new window, in which you have to verify and approve the transaction. If everything is correct, click ‘Approve’ to execute the transaction. You will get a confirmation that the transaction has succeeded and the transaction will be visible in the wallet. Note that CPU and NET utilization slowly go down over time if you don’t use the resources. This means that if your CPU or NET utilization is currently at 100% (or near it), and you are unable to make a transaction, you will likely be able to make a transaction after you wait some time. RAM does not go down over time but also takes more time to accumulate. The final thing we’ll explain, is how to interact with a dApp using your WAX Cloud Wallet.
Keep in mind, that this only works with dApps which support the WAX Cloud Wallet. Before you start, make sure you are logged into the WAX Cloud Wallet in your browser. Then, navigate to the dApp, and click on the login button. If the option to connect with the WAX Cloud Wallet is available (might look similar to the button in the image above, but can also look different), click on it. You will then have to approve the connection in the window which will pop up. If everything has gone well, you have now successfully connected the wallet to the dApp. Once you have connected your wallet to the dApp, you can start using the dApp. If you want to perform an action in the dApp that requires a transaction, verify the transaction in the window which will pop up when you have to accept a transaction, and click ‘Approve’ (or ‘Deny’ if you are not sure). Governance, intercultural cooperation, and security specialist. You can find us here: EOS and Europechain Block Producer name: eosamsterdam BOS Block Producer name: amsterdambos WAX Guild name: amsterdamwax Website|Twitter|Telegram|Wechat. Share: Waxtoken is the WAX Platform will allow traders to create their own virtual stores on one decentralized platform. Description [ edit ] 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 coin is designed to serve the 400+ million online players who already collect, buy and sell in-game items. Harnessing the power of blockchain technology, WAX Tokens are utility tokens that allow virtual goods - and not just for use in video games - to easily be tokenized and exchanged for cryptocurrency. The smart contract underlying the transaction acts as the mechanism that permits trustless trading between buyers and sellers.. The WAX Platform will allow millions of traders to create their own virtual stores on one decentralized platform, providing instant payments, security, and trust services that will bring millions of new participants into a growing ecosystem. The WAX platform allows the global pool of buyers and sellers to access a global supply of virtual goods while eliminating financial risks encountered in the prevailing consignment-based marketplace model. WAX enables a new generation of virtual asset traders, similar to how earlier online marketplaces enabled entrepreneurs to become power sellers. Features [ edit ] WAX Token is far superior to other tokens within the digital asset trading space! Operators of the #1 digital marketplace in the world. WAX is the 3rd global marketplace built by the OPSkins team. The first two became #1 in their respective categories (virtual items, skins). OPSkins is a multi-billion dollar business with millions of customers who love it. The OPSkins team are HIGHLY RESPECTED in the crypto currency community. After they built their own bitcoin payment processing platform, OPSkins became one of the top 5 largest e-commerce sites globally for accepting bitcoin.
WAX Tokens facilitate the settlement of WAX smart contracts. Smart contracts that enable millions of gamers to trade digital items. 400 million such gamers covet and trade popular digital gaming assets today and will need to own WAX tokens to take advantage of this important decentralized platform. Concept [ edit ] WAX coin is designed to serve the 400+ million online players who already collect, buy and sell in-game digital items. Using WAX’s simple exchange widget, buyers can select an item, provide payment in WAXtokens , and accept the item without having to leave the site they’re on. Seller’s items can be viewed and purchased by any buyer interacting with the WAX Platform . The WAX Platform is a global virtual item repository, accessible to anyone, that provides a complete catalog of all items available for sale in real time.
This providers users of WAX with access to a worldwide market, with all the advantages of blockchain technology. Through decentralization, WAX coin will solve problems commonly experienced by digital item traders such as high payment processor fees, currency conversion fees, and limited access to inventory.