What is Wax?
WAX, short for Worldwide Asset eXchange, is an eco-friendly blockchain built for NFTs with zero transaction fees.
Based on the Delegated Proof-of-Stake, WAX claims to be 125,000x more energy-efficient than Bitcoin and Ethereum. In 2021, Climate Care even awarded WAX with a Carbon Neutral Certification. This strong commitment has likely also helped WAX to win the support of established brands such as Sony Pictures, Hasbro, Bratz, etc.
Holders of WAX tokens can stake them to secure the network and earn rewards.
WAX vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, WAXP would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of WAXP might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including WAXP.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.