World Asset eXchange (WAX) recently unveiled that it is planning to migrate to its blockchain mainnet on June 30.
According to the announcement, WAX will be moving away from the ERC-20 standard to WAX Protocol Tokens, with the new blockchain network supporting staking, on-chain voting and guilds. Users will need to link an EOS‑compatible wallet like Scatter to complete the swap.
"The WAX Token Swap is a fair coin distribution mechanism supporting the WAX Blockchain mainnet public release which allows holders of the ERC‑20 WAX Token to convert these tokens into WAX Protocol Tokens," states the WAX team.
WAX has been making significant progress in both the traditional and blockchain gaming community over the course of the past year. Most recently, WAX revealed that it has partnered with Robot Cache, an upstart blockchain-based game marketplace that offers publishers a 95% cut of game sales, to promote the launch and adoption of Robot Cache's upcoming release.
WAX is currently down 2.3% over the past week to $0.082870, giving the altcoin a $78.1 million market cap and making it the third-largest constituent in the newly launched AltDex Blockchain Gaming Index (ALTGME).
