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WAXE is the core governance token in the WAX blockchain ecosystem, based on the Ethereum ERC-20 standard, and has established a smart contract two-way exchange mechanism with the WAX mainnet token WAXP. As an important part of the WAX ecosystem, WAXE supports cross-chain liquidity, decentralized governance, and platform revenue sharing, providing strong support for blockchain games, NFTs, and DeFi services. This article analyzes the technical principles, token economic model, recent market performance, and WAX team's plans for future development, covering important topics such as multi-chain bridge open source. Despite the recent market volatility, WAXE, with its powerful functionality and innovation, remains an important driving force in the blockchain gaming and NFT field.

Onyxcoin (XCN) is the core governance and utility token of the Onyx Protocol, empowering users to vote, stake, and pay for services in decentralized autonomous organizations (DAOs). Its architecture is based on a high-performance blockchain network that supports multi-asset issuance and cross-chain interoperability. This article will comprehensively analyze the unique value of this token in the blockchain ecosystem from the perspectives of XCN's functionalities, technical implementation, and governance model.