WAX is a blockchain and protocol token created with the goal of making e-commerce transactions faster, easier, and safer. WAX built bespoke features and incentive systems to improve the blockchain's e-commerce usability and incentivize voting on guilds and proposals.

WAX has developed a set of blockchain-based tools that may be used to create dApps, marketplaces, and native non-fungible tokens (NFTs). The WAX Cloud Wallet, SSO and OAUTH, a native RNG service, and a developer site are among the technologies available to enable e-commerce operations. The resulting technology is a blockchain architecture with block times of 500 milliseconds, no user costs, and voting incentives to encourage participation in the selection of block producers and proposals.