Steemit Crypto Academy Contest / S1W1 - Favorite Blockchain Network by @volkiceper
Hello. Today I want to talk to you about WAX network. WAX network is an NFT platform. We can create our own NFT, sell it, and buy NFTs from other projects. We can also play games under WAX network.
WAX
The transaction fees for the WAX platform are a bit high. Transaction fees are specified under three subheadings: CPU, RAM and NET. In order to be able to transact on the WAX network, or rather to trade smoothly, you must stake WAX tokens. For example, in order to play the game Alien Worlds, which I will talk about at the end of my article, the game management recommends staking 200 WAX to CPU, 1 WAX RAM, 1 WAX NET. For this reason, there is a somewhat expensive transaction fee.
However, there is no transfer fee between players. You do not pay transaction fees when sending cross-wallet tokens. Isn't this beautiful?
There are many DAPPs in the WAX network. These DAPPs are decentralized applications. NFT trading can be done with these applications.
The WAX ecosystem uses a Proof of Stake mechanism.
The WAX network has a cloud wallet feature. Thanks to the cloud wallet feature that connects many platforms, you can connect your accounts on different platforms. You can access your WAX cloud wallet using different platforms.
You can also use your WAX tokens on the Ethereum network. The name of the WAX token in the Ethereum system is called WAXE. You can use the Bridge feature to transfer your WAX tokens to the Ethereum network.
ALIENWORLDS
Alien Worlds is one of the many games available in the WAX ecosystem. Actually, Alien Worlds is a multichain game. Available on both WAX and BSC network.
You can mine with the Mine Button on the screen. You can earn TLM by mining. However, in order to mine, you must have at least one tools in your inventory. Tools are for mining.
Tools can be strengthened with the Shining option. However, each power-up requires 3 of the same tools. In addition, some TLM is required.
With the Governace option, you can have a say in the management of that planet by staking TLMs on 6 different planets. This is a feature that will be active in the future.
With the teleport option, TLM transfer is made between blockchains.
With the Missions option, the part of the game on the BSC network can be played. Some TLM and NFTs of varying rarity can be earned by sending ships on missions on planet BINANCE.
Thank you for reading.