WAX: The virtual goods marketplace 🕹️ | DAILY 1:00PM 🕐 ICO REVIEW

Hello again Steemian friends!

It is 1:00pm in the Netherlands and like everyday, it is time for an ICO review! yaaay!!
This is another special ICO, first because is a gaming ICO and I personally find them really interesting and I think you do as well! Then, because it was suggested by @zinkcity, great choice my friend!

I hope you all enjoy reading, and don’t forget to answer the question of the day if you want a chance for an upvote and a follow!!!

About Worldwide Asset eXchange (WAX)

With zero investment in securities or payment processing, users can use WAX to operate a fully functional virtual marketplace. The project is an initiative of the founders of OPSkins that is one of the leading platforms for online video game assets.

WAX was set up to serve the users of OPSkins that grosses close to 400 million active users who already collect, buy and sell. The WAX exchange widget enables gamers to access worldwide markets.

WAX will enable users to create decentralized virtual stores on one platform. This innovative approach provides a means of instant payments, security and transparency within the system.

It is projected that the WAX platform will provide enabling environment to over 1.8 billion gamers worldwide. These users can easily access fully developed and highly secure virtual goods with escrow payment system in place.

By decentralizing exchanges, more trading in the already large $50 billion game industry is possible.

Learn more about this ICO here:

The Team

I did a background check on the CEO, William Quigley and president Malcolm CasSelle and all I can say is that this project is in the hands of very competent individuals with a positive track record of performance.

Here is an assuring quote from the president who has seen the up’s and downs in the business world:

“Over the years, I have assisted in raising several billion dollars for venture backed startups and enjoy taking ideas successfully to market. Of course not every idea has been successful, but my biggest have failures have been my biggest learns. I have co-founded several successful exits that make it all worth it and to date 5 successful exits. My bio is here at http://www.casselle.com.

My industry focus has been in big data, ecommerce, internet video, video games, crypto currency, and interactive content.

Education was at MIT (BS Computer Science) and Stanford University (MS Computer Science). Fluent in Japanese, working knowledge of Mandarin and have lived and worked in Hong Kong, Shanghai, Beijing, Tokyo and London.”

The Financial

If you plan on investing in this ICO here are some financial pointers you need to know. The ICO sale started on 24th Oct 2017 and ended 29th Nov 2017. It traded with the token code WAX and 1 ETH = 300-429 WAX.

Price in the ICO was 2.05 USD and as of writing 1 WAX = 0.26 USD. This represents a negative ROI of -87.80%
Only Bitcoin and Ethereum was the allowed funding cryptocurrency. No soft cap was used but a hard cap of 160,000 ETH was in place. A total of 64,750,000 tokens were up for sale and the ICO ended successfully with $80,000,000 raised.

The Roadmap

Overall, this is an impressive project despite the negative ROI. I still think better days are ahead. If you can lay your hands on any tokens now that the chips are down the better. I’m particularly impressed that WAX has already been incorporated into the buying and selling market of OPSkin so liquidity crisis is a nonissue.

Which is your all time favourite ICO?

I will pick a random answer and I will give a free upvote and a follow!

Disclaimer

This ICO information is just for the interest of Crypto Lovers and should not be considered as investment advice. If you want to take this opportunity, then invest only what you can afford.