Worldwide Asset eXchange is a decentralized platform that enables users to operate a fully functioning virtual marketplace. It is an item repository and was designed to serve videogamers to collect and trade virtual assets. WAX is an ERC 20 utility token that supports the activities and functionality of the Worldwide Asset eXchange's platform, such as listing items for sale, transacting value between each other, settling the transfer of virtual goods, creating and servicing contracts, and proposing and voting for WAX Decentralized Exchange Multi-Party Payout Settlement Agent Asset Guilds.