Frequently Asked Questions
What is WAX?
WAX is a cryptocurrency used for trading cards and digital collectibles.
The WAX blockchain is designed to make e-commerce transactions faster, easier, and safer for all participants.
The WAX Blockchain uses Delegated Proof of Stake (DPoS) as its consensus mechanism and is meant to be fully backward compatible with EOS. The custom features and incentive mechanisms developed by WAX are designed to optimize the blockchain’s usability in e-commerce, and encourage voting on guilds and proposals.
WAX has created a suite of blockchain-based tools upon which dApps, marketplaces, and native non-fungible tokens (NFTs) are built. These tools include services to support e-commerce operations such as the WAX Cloud Wallet, SSO and OAUTH, a native RNG service, and a developer portal. The resulting technology reportedly represents a blockchain architecture with 500 millisecond block times, is fee-less for customers, and leverages voting rewards to incentivize participation in the selection of block producers and proposals.
Why use the WAX blockchain?
- Trade collectibles instantly, with anyone, anywhere in the world – for free!
- Sell virtual items on secondary marketplaces for real fiat currency such as dollar or euros
- Trade with confidence that every collectible is certified authentic, unique, and can never be altered or counterfeited
- View a collectible’s full ownership records and trading history
- Showcase collectibles on social media
- Search wishlists of other traders and propose trades
- Instant trades; no more hassle with long shipping times
- No more wear and tear, you collectibles are there eternally
Which WAX wallet should I use?
We recommend using the WAX Cloud Wallet, as it automatically creates a WAX account for you and is very convenient to use. You can find the WAX Cloud Wallet here.
What does NFT mean?
NFT is an acronym for “non-fungible token” and you can think of it like a digital collectible, such as a trading card.
An NFT is similar to a cryptocurrency in the sense that it trades on a blockchain and has a monetary value attached to it. The difference between a cryptocurrency and an NFT though is that an NFT has certain characteristics that make it different from other NFTs, even if the two NFTs seem similar to one another.
For example, if you trade 1 bitcoin for another bitcoin, you are trading one identical thing for another. There is no loss of value on either side of the transaction — you both end up with 1 bitcoin. But if you trade 1 NFT for another NFT, they can be drastically different even if they appear to be the same. This is because an NFT includes a deeper layer of characteristics that make it different from others. These characteristics can include metadata, visuals, serial numbers, etc. and can all affect the value of the NFT based on what characteristics are valued by the people who buy and sell them.
NFTs therefore create exciting monetization opportunities for brands and collectors, as they are provably authentic, safe to trade, and can include all different types of artwork and branding opportunities.
What is R2 collectibles?
R2 collectibles is a collaboration of trading card collectors aiming to deliver high quality artwork to the blockchain.
Our mission it to bring high quality art and collectibles from various artists, galleries and celebrities to the WAX blockchain.
Using non‑fungible tokens we guarantee authentic and easily transferable art for everybody.
What is EOS Amsterdam?
For the technical handling of this set R2 collectibles is happy to partner up with EOS Amsterdam.
As an experienced blockchain producer EOS Amsterdam will have required knowledge and know-how for releasing this trading card set.
Where to buy and sell trading cards & packs?
You will be able to buy and sell cards and packs at R2.atomichub.io
Are the packs pre-minted?
The packs use a hybrid minting system, meaning that each pack (when opened) has a certain chance to either contain only pre-minted cards, or only cards that are minted on demand. The bigger the packs, the higher the chance that the pack contains only pre-minted cards. The exact odds can be found here.
I have opened a pack but i have not received any cards?
The cards have likely not been claimed. Once you go to the unbox page, you should see a button where you can claim your cards.
Do I need to unstake my cards for the collection rewards?
Yes, you will need to unstake your cards before the deadline, until you have received the premium card (the day after the deadline).
Will these cards be stakeable on R Planet?
At this moment the RPlanet team is completely overwhelmed with requests from dozens of teams to make their NFTs stakable.
They are in the process of building a new pool mechanism that will allow property owners, such as R2, to manage their OWN pools. That means that once it is ready, we’ll be able to manage to bring new NFTs into the staking mechanism much faster! Additionally, we will be able to tell you approximately how much an NFT should stake for.
It may take some time for the RPlanet team to finish preparing this new mechanism. In the meantime, do not expect any new collection NFTs to be stakable for the near future. Assuming the RPlanet team delivers on the pool concept, it is our goal to make as many existing and future NFTs stakable as possible.
Thank for your patience.
How to contact the support desk?
For support please visit our Telegram channel.
The staff and community will do their best to help you out.