WAX announced a partnership at the end of January with Robot Cache (RC), and the subsequent activity of their token on cryptocurrencyexchanges has been frantic. February saw a huge jump in market trading prices, with over 110% gains in the 24 hours from February 13th-14th, and a total trading volume of over $3m.
WAX (Worldwide Asset eXchange) is a decentralised digital marketplace, with the WAX token as its trading currency, so their customers use $WAX to buy virtual goods in a virtual marketplace. WAX is leading the blockchain revolution in online gaming with smart contracts, allowing users to reduce costs and acquire games more easily across platforms.
WAX platform users create a shop front to sell digital games, and with the new collaboration, any user with a WAX shop front will be able to use its accumulated WAX profits to buy games on RC. The trade-off for RC in incorporating the WAX token is that WAX will air drop RC's own native token, IRON, to all its own users, ie, holders of wallets with WAX will be given free IRON tokens to spend.
RC also hopes to revolutionise digital distribution with blockchain technology, and partnering with WAX will increase its global access to millions of gamers.
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