Topic: [ANN] WAX - Worldwide Asset eXchange by OPSkins - page 14. (Read 15789 times)

Hi! You're absolutely correct with your example, and no-one would like to see such a loses. WAX  team has pegged asset contracts that manage volatility in a way that no other token does. The concept of WAX pegged asset contracts is similar to how CS:GO skins are sometimes priced based on the value of their items in relation to the price of CS:GO keys. A WAX pegged asset contract could be USD, EUR, BTC, ETH, CS:GO Keys, or many other things.

Price fluctuations of any amount will exist whenever an item that’s worth a fixed amount is transacted with a market-driven currency. If you list an item for sale for .5 BTC when the price of BTC is $6,000 USD, and BTC drops 10% before someone buys your item, you just sold a $3k item for $2,700. Well that sucks. You can take the chance that it's going to go up that 10%, but then who would want to buy a $3k item for $3300? Your item won't sell or the buyer will get ripped off.
WAX pegged asset contracts are temporary smart-contracts that exist only during the life of a particular transaction, so using the above example it would be the time from when the item is listed for sale and when it’s purchased.

Please find below answers to your questions:

1) They just transfer their platform onto blockchain, no innovations, just upgrade

Answer: The WAX Platform will allow millions of traders to create their own virtual stores on one decentralized platform. No other company is doing this. The WAX Platform unites everyone and provides instant payments, security, and trust services that will bring millions of new participants into a growing ecosystem.
Based on blockchain technologies, WAX Tokens will enable 1.8 billion gamers worldwide to quickly and easily harness the power of a fully developed, highly complex virtual goods exchange that provides escrow, liquidity through access to a large number of buyers and sellers, and other complex parts of a well functioning marketplaces. By decentralizing these exchanges, vastly more trading in the already sizeable $50 billion video game virtual goods trading market is possible.

2) They completely rely on Steam, and if Valve changes its mind on third-party platforms, WAX will collapse at once

Answer: WAX is not requiring publisher integration. And keep in mind, WAX can facilitate the trading of any digital item, whether it be web based or mobile. WAX is designed to serve the entire video gaming and digital asset trading ecosystem.
And regarding the "third-party platform": OPSkins is the #1 digital marketplace in the world which is 10 times bigger than the closest competitor!

3) Strange and shady changes of terms with no proper explication

Answer: WAX team did not make the decision to move this deadline lightly and we're really sorry for any inconveniences it caused. When it was decided,  the announcements was made as quickly as possible. Nevertheless many video gamers - the core audience we are aiming for - as part of the token sale. Since many of these individuals are first time crypto currency adopters, it has understandably taken more time for them to get educated about WAX. In our judgement, it was better to give this core community more time to participate.

Read detail in the blog post: https://medium.com/waxtoken/the-pre-sale-and-gamer-sale-dates-have-been-extended-d2f13689c856
More answers in reddit AMA with William Quigley (CEO) and Malcolm CasSelle (President): https://www.reddit.com/r/WAXtoken/comments/7a4gzg/the_wax_ama_with_william_quigley_ceo_and_malcolm/

The updated information is provided in White Paper as well.

4) Skins are stocked on Valve servers. They own them both physically and legally. Let's imagine, I bought a skin on your platform, and you suddenly have been cut from Valve servers for some reason. How would I take away the skin in your opinion? Valve is just gonna say me 'sorry bro, you should have used our marketplace'.

Answer: Please read 2. Please also keep in mind that WAX platform is a marketplace and not the owner of the skins (like Amazon is not the owner of all the items that are traded there). Transfer agents are responsible for the transfer of values between users in the games.
I'd like to state it once again, any game from any platform or publisher that allows trading will be tradeable on WAX.

5) How do you expect in-game items to be tradable within your platform? Again, let's imagine a situation. I'm a game developer who wants items from my game be tradable for your coin. What should I do?

Answer: The game should be interesting to the audience. Anyone can submit a proposal for a guild spot, and WAX Token holders will vote for them based on what they see in their proposals. Token holders can only vote for so many, and since the WAX token holders make a cut off guild fees, it's in their best interest to vote for the most trusted ones. Guilds receive a percentage of the fees on lists, transfers, and Contracts and as a WAX Token holder you can pledge these guilds - in turn earning a percentage of the earned guild fees (see the sections Guilds in white paper for more details).

Hi! I think your website should make at least some analysis before posting some random score. Promoting companies without even stating any of their advanteges will not bring you trust in the future.

And here are a few points that you "forgot" to use in your analysis, confirming why WAX is different in a number of very important ways:
 
1) It is from the team at OPSkins, the #1 marketplace in the world for buying and selling skins.
2) WAX will process a multi-billion dollar revenue stream already existing at OPSKins.
3) The creators of WAX are the creators of 2 multi-billion dollar centralized game item exchanges (Jonathan Yantis and John Brechisci, Jr.) and now aiming to build a massive decentralized exchange through WAX.
4) The creators of WAX have extensive crypto experience (Co-founder Tether, backers of first ICO Mastercoin, largest backers of Ethereum pre-ICO, early bitcoin miners, backers of numerous other crypto companies and funds).
5) WAX is designed to work with any game that has tradable items and does NOT rely upon publisher integration (integration which can take years to come to fruition).
6) DMarket are not significant players in the skins trading market at all and they don't have extensive crypto expertise. Their coin in useless and simplistic ERC-20 tokens without any intelligence backed into it. And the WAX platform is a SMART CONTRACT based decentralized marketplace.

Here is a video that goes into this: https://youtu.be/EeABE4Ur6fA
 

So, what we have:
- They just transfer their platform onto blockchain, no innovations, just upgrade
- They completely rely on Steam, and if Valve changes its mind on third-party platforms, WAX will collapse at once
- Strange and shady changes of terms with no proper explication

WAX, do you even care about your reputation? Explain yourself.

this ico will be smoking hot 

Comparison between DMarket and Worldwide Asset eXchange ICOs - https://icoarray.com/compare/dmarket-ico-vs-worldwide-asset-exchange-ico

no bountys? haha good luck with it. it will not work anyway

Hello all, I've just stumble upon the thread on reddit claiming that WAX pre-sale has been extended. Is this true?

If yes, then what is the real reason behind such a move? Look pretty suspicious. Either the fellow redditor is right regarding the upcoming btc fork, or you didn't reach the figures you were expecting to get during the presale.
In any case: I think your investors should know what's going on and why you didn't stick to your timings.

Thank you for the answer.

UPD: checked your announcement on Medium. The reason you've mentioned still looks pretty weird, due to the fact that you were promoting yourselves for a month already.

Sorry, I still don't get it. Skins are stocked on Valve servers. They own them both physically and legally. Let's imagine, I bought a skin on your platform, and you suddenly have been cut from Valve servers for some reason. How would I take away the skin in your opinion? Valve is just gonna say me 'sorry bro, you should have used our marketplace, not some third-party one'.

Okay, if not through API, how do you expect in-game items to be tradable within your platform? Again, let's imagine a situation. I'm a game developer who wants items from my game be tradable for your coin. What should I do?

Why do you allocate only 35% of your tokens for sale? Some of your competitors sell more to investors

very interesting but i still confused about the project mission and i still don't know about your reason why you did not give ICO in this project, maybe you can explain about your reason

Are there many rounds of the ICO?

is there any bounty

Okay, so I'm curious about a couple of things:

1. Why i can't read your whitepaper on the website? Was refreshing in for 10 times already, thinking maybe i had an internet issue. ICO without a WP? Really guys?
2. i find it pretty sad that you no one here seems to cate answering questions about why are you going to keep more 50% for yourself? What the trick? Do you want to actually manipulate the market after the sale?
3. Is there any kind of an official account of WAX here, so I can get an official answer? I see random people answering but the problem for  is that I'm not sure if I can account on their answers.

Thanks

What happened to your website? Why can't I ready Whitepaper nor Onepager, buttons just lead to your main page. Is that some kind of joke or ima visiting scam link? trying to use https://www.waxtoken.com

can you please guide us to the contract address , showing that the 70k  ETH carp got hit
the quietness of the thread is making it look too good to be true

no offense though! but m concerned where m i investing.

Hello!
As I know, there were many ICOs where the coins price has failed as soon as they have launched on exchange.
Sad, but that's reality. When are you planning to launch exchange and how can we be sure that the price does not fall down?

Is WAX using a private or a public blockchain? DO you have a bounty program and what will happen to non-sold tokens?

The FINAL AMA with the WAX team is coming up on November 1st! Subscribe to the WAX Token subreddit here and get your questions ready. The subreddit is also a great alternative platform for community-based discussion.

WAX has announced a partnership with Kyber Network! -- KyberNetwork CEO and co-founder Loi Luu said: “the partnership will benefit both parties as KyberNetwork will have access to millions of users in both OPSkins and WAX platform. On the other hand, KyberNetwork can enhance the magnitude of the growth in the gaming asset market by allowing more crypto users to conveniently purchase their favourite game items using their crypto tokens.”

How can the blockchain help gaming companies 10x their revenue? -- a new, comprehensive article by the WAX team, outlining the problems within the gaming industry and how WAX will help to solve them.

Dave Anthony, The Founder of Call of Duty is Excited about the Gaming Blockchain -- Support for WAX from industry heavyweights!

What Sets WAX Apart From Other Tokens? -- Many are wondering this. There are at least 5 important reasons the team can list.

Watch William Quigley, CEO of WAX and OPSkins, present his Keynote Speech at the CoinAgenda 2017 Conference.

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The WAX Explainer Video is now available in Russian, Spanish , German, French, Japanese, Korean, Chinese, and Arabic! Check them out!

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On which exchanges is it planned to trade this coin? With whom were the negotiations on this?