🚨CMC Task: Burn Now, Thrive Later; Explain WAX’s Supply Shift
Campaign on WAX
WAX
Status
Closed
Task Type
article
Points
300
Reputation
+0.03
Special Rewards
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OkonkwoJac30717
@OkonkwoJac30717 · 925
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The brief
Requirements
Invite only: Selected participants onlyHello BSW Guild! 🌻
WAX’s new economic model introduces an aggressive deflationary curve that slashes token emissions by 75% and permanently removes half of all newly minted WAXP through automatic burns.
This model makes WAX one of the rare Layer-1s with a net-negative issuance, aligning token creation directly with user activity and sustainable network growth. With a new yearly emission ceiling of 156 million WAXP, this policy improves staking value, increases scarcity, and introduces long-term alignment between supply and ecosystem demand.
In this task, you will turn this technical overhaul into a clean, educational CoinMarketCap community post that compares WAX's tokenomics to Ethereum’s EIP-1559 and BNB’s quarterly burns. The goal is to help general readers and CMC users understand not just the “what” of the change, but the “why now.”
📅 Timeline:
June 27 – July 4
📝 Procedure & Requirements:
● Analyze the Medium article and WAX tweet:
➤ Medium Article
➤ WAX Announcement Tweet● Write a CMC community post (min. 200 words) using:
$WAXP ticker
@WAXP mention
@DAOLabs mention
#SocialMining hashtag
Your post should clearly explain:
● New emission mechanics and burn ratio
● Strategic timing behind this deflationary pivot
● Comparison to deflationary models like ETH and BNB
● Expected outcomes for holders, validators, and developers
✍️ Writing Style Tips:
● Use bold, clear language focused on impact
● Keep it short, punchy, and scan-friendly
● Avoid exaggerations — focus on what’s observable and grounded
● Include clear analogies or visuals to simplify the economics
📤 Submit & Rewards:
Go to our V2 platform, approve the task, and paste your CMC link
Assign the task to social miners in your circle for added reach
Earn up to 300 points and 0.03 REP based on quality and engagement
Requirements
Must have a minimum of 50 X/Twitter followers to be eligible for Social Mining Tasks. If you do not have a WhoTweets account yet, please register by clicking the button below.
June 30, 2025 at 4:16 PM → July 3, 2025 at 4:00 PM
This task has ended
Rewards have been distributed to 10 participants
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Articles
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