Frequently Asked Questions
What is WAX
WAX is a cryptocurrency used for trading cards and digital collectibles.
The WAX blockchain is designed to make e-commerce transactions faster, easier, and safer for all participants.
The WAX Blockchain uses Delegated Proof of Stake (DPoS) as its consensus mechanism and is meant to be fully backward compatible with EOS. The custom features and incentive mechanisms developed by WAX are designed to optimize the blockchain’s usability in e-commerce, and encourage voting on guilds and proposals.
WAX has created a suite of blockchain-based tools upon which dApps, marketplaces, and native non-fungible tokens (NFTs) are built. These tools include services to support e-commerce operations such as the WAX Cloud Wallet, SSO and OAUTH, a native RNG service, and a developer portal. The resulting technology reportedly represents a blockchain architecture with 500 millisecond block times, is fee-less for customers, and leverages voting rewards to incentivize participation in the selection of block producers and proposals.
Why use the WAX blockchain
- Trade collectibles instantly, with anyone, anywhere in the world – for free!
- Sell virtual items on secondary marketplaces for real fiat currency such as dollar or euros
- Trade with confidence that every collectible is certified authentic, unique, and can never be altered or counterfeited
- View a collectible’s full ownership records and trading history
- Showcase collectibles on social media
- Search wishlists of other traders and propose trades
- Instant trades; no more hassle with long shipping times
- No more wear and tear, you collectibles are there eternally
Which WAX wallet should I use
We recommend using the WAX Cloud Wallet, as it automatically creates a WAX account for you and is very convenient to use. You can find the WAX Cloud Wallet here. If you’d like to learn more about different kinds of WAX wallets we recommend this article.
How to get WAX
The easiest way for non-US citizens to obtain WAX using a credit card is through Moonpay.
Simplex is a leading payment processor and recently announced to partner up with WAX.
There are several exchange markets that support WAX.
Alternatively, you can buy WAX from other users using CryptoLocally.
What does NFT mean
NFT is an acronym for “non-fungible token” and you can think of it like a digital collectible, such as a trading card.
An NFT is similar to a cryptocurrency in the sense that it trades on a blockchain and has a monetary value attached to it. The difference between a cryptocurrency and an NFT though is that an NFT has certain characteristics that make it different from other NFTs, even if the two NFTs seem similar to one another.
For example, if you trade 1 bitcoin for another bitcoin, you are trading one identical thing for another. There is no loss of value on either side of the transaction — you both end up with 1 bitcoin. But if you trade 1 NFT for another NFT, they can be drastically different even if they appear to be the same. This is because an NFT includes a deeper layer of characteristics that make it different from others. These characteristics can include metadata, visuals, serial numbers, etc. and can all affect the value of the NFT based on what characteristics are valued by the people who buy and sell them.
NFTs therefore create exciting monetization opportunities for brands and collectors, as they are provably authentic, safe to trade, and can include all different types of artwork and branding opportunities.
What is R2 collectibles
R2 collectibles is a collaboration of trading card collectors aiming to deliver high quality artwork to the blockchain.
Our mission it to bring high quality art and collectibles from various artists, galleries and celebrities to the WAX blockchain.
Using non‑fungible tokens we guarantee authentic and easily transferable art for everybody.
What is EOS Amsterdam
For the technical handling of this set R2 collectibles is happy to partner up with EOS Amsterdam.
As an experienced blockchain producer EOS Amsterdam will have required knowledge and know-how for releasing this trading card set.
What is the release date?
Where to buy and sell trading cards & packs
You will be able to buy and sell digital cards and packs at R2.atomichub.io
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