Jax.Network (WJXN) Explained: What the Crypto Coin Is and Why It Matters
Jan, 10 2025
WJXN Gas & Slippage Calculator
Critical Warning
This tool calculates the real costs of trading WJXN based on current market conditions. The token has extreme liquidity issues with slippage often exceeding 15% for trades over $100. The calculated fees represent a significant portion of your trade value.
Enter trade details to see real costs
When you see Jax.Network (WJXN) a low‑cap cryptocurrency that launched its mainnet in mid‑2021 and promised a Bitcoin‑anchored stable token, the first question is: does it actually do anything useful, or is it just another dead‑end token?
Where Jax.Network Came From
The project was founded in Ukraine by an anonymous 17‑person team. They ran an ICO from August 4 to November 30 2021, raising funds by selling 16 million of the 40 002 164 total tokens. The mainnet went live on June 15 2021, and the protocol was marketed under the name JaxNet a consensus system that claims to be anchored to the Bitcoin blockchain. The idea was to create a "universal standard for quantifying economic value" that would be both scalable and stable.
Token Basics and Technical Specs
WJXN is a dual‑chain token. On Ethereum the world’s leading smart‑contract platform it follows the ERC‑20 standard, and on Binance Smart Chain a high‑throughput, low‑fee blockchain compatible with Ethereum tooling it uses the BEP‑20 standard. The total supply is fixed at 40 002 164 WJXN, with no inflation mechanism.
| Attribute | ERC‑20 (Ethereum) | BEP‑20 (BSC) |
|---|---|---|
| Average Transaction Fee | ~$12‑$20 (high gas periods) | ~$0.02‑$0.05 (low‑fee network) |
| Block Time | ~13 seconds | ~3 seconds |
| Liquidity on DEXs | Almost nonexistent | Very thin - slippage >15 % for $100 trades |
| Developer Activity | Zero commits since Q1 2023 | Zero commits since Q1 2023 |
Market Performance to Date
At the time of writing (October 23 2025), WJXN is trading around $0.0075 with a market cap of roughly $330 000. That’s a 99.8 % drop from its all‑time high of $3.06 on March 10 2022. Daily volume hovers near $2 300, and most of that comes from tiny trades on PancakeSwap’s WJXN/WBNB pair. In other words, you’ll pay more in gas and slippage than the token is worth.
Why the Price Collapse Happened
There are three main reasons:
- Lack of real utility. The promised “stable JAX coins” never materialised because the protocol never delivered verifiable anchoring to Bitcoin’s blockchain.
- Liquidity vacuum. No centralized exchange ever listed WJXN, and the DEX pools are shallow. A $100 trade can move the price by more than 15 %.
- Developer abandonment. The GitHub repos show zero activity after Q1 2023, and the official website’s SSL certificate expired in August 2025.
Combine those with a typical “pump‑and‑dump” pattern during the ICO, and the token became a textbook case of a dead‑end project.
Community and Sentiment
Social signals are bleak. The official Telegram group has fewer than a dozen active members, Reddit contains virtually no threads about WJXN, and the only user review on Holder.io calls it a “total scam.” A typical tweet from October 2025 reads: “Lost $350 at $0.022 in 2022, now can’t sell 50k WJXN without paying more in gas than I’m getting.” In short, the community is basically empty, and the few remaining holders are mostly waiting for a miracle delisting payout that never comes.
Regulatory Outlook
Because the token’s market cap is under $500 k and it isn’t listed on any major exchange, regulators in the U.S., EU, or elsewhere have not formally classified it. That doesn’t mean it’s safe - the lack of classification often makes it easier for scams to hide. If you ever consider buying, treat it like an unregistered security.
How to Trade WJXN (If You Really Want To)
Here’s a quick cheat‑sheet for the adventurous:
- Use a BSC‑compatible wallet (MetaMask, Trust Wallet) and add the contract address 0x4d1…1b3c manually.
- Connect to PancakeSwap (v2) and swap BNB for WJXN. Expect at least 20 % slippage on $100 trades.
- Set a limit order if the DEX supports it; otherwise you’ll be stuck waiting for a buyer.
- Withdraw to a cold wallet quickly - the token could be delisted from the DEX at any moment.
Pro tip: because gas accounts for about 18.7 % of any small trade, you’ll usually lose more than you gain.
Is There Any Reason to Keep an Eye on WJXN?
Probably not, unless you’re a researcher studying failed ICOs. The token appears in several academic case studies, like the University of Nicosia’s “Post‑Mortem Analysis of 2021 ICOs,” where it’s highlighted for its 40 % token‑sale allocation and subsequent collapse. If you want a lesson in tokenomics, WJXN is a perfect example. For investors, it’s a red flag.
Bottom Line Checklist
- Market cap: $330 k - extremely low.
- Liquidity: Very thin on PancakeSwap, no CEX listings.
- Developer activity: None since early 2023.
- Community: Near‑dead.
- Regulation: Unclear, effectively unregistered.
- Use case: Speculative trading only.
If any of those points raise a red flag for you, it’s time to walk away.
Frequently Asked Questions
What does WJXN stand for?
WJXN is the ticker symbol for the native token of the Jax.Network ecosystem. It doesn’t stand for a longer phrase; the letters are simply an abbreviation of the project name.
Is Jax.Network still developing its protocol?
No. The last code commit on the official GitHub was in Q1 2023, and the website’s SSL certificate expired in 2025. All signs point to project abandonment.
Can I use WJXN as a stablecoin?
Not reliably. The token’s price has dropped over 99 % from its peak, and there is no mechanism to keep its value pegged to any fiat or crypto asset.
Where is WJXN listed?
Only on decentralized exchanges like PancakeSwap (BEP‑20) and a few obscure Binance Smart Chain DEXs. No major centralized exchange lists the token.
Is buying WJXN safe?
Given its extreme illiquidity, lack of development, and history of price collapse, buying WJXN is highly risky and should be treated as a speculative gamble.
Next Steps for Curious Readers
If you’re studying token failures, download the archived whitepaper from the Wayback Machine and compare the promised JaxNet anchoring mechanism to Bitcoin’s actual proof‑of‑work. If you’re a potential investor, run the numbers: a $100 purchase today could cost $20‑$30 in gas and slippage, leaving you with effectively a loss.
Finally, keep an eye on broader market signals. Projects with sub‑$500k market caps and no CEX presence have a 0.3 % survival rate to 2027, according to a CryptoSlate interview from September 2025. In most cases, walking away is the smartest move.
Paul Kotze
October 24, 2025 AT 12:51Man, this is such a clean breakdown of WJXN. I’ve been watching this token since 2022 and it’s wild how fast the whole thing collapsed. Zero dev activity, expired SSL, and slippage higher than my rent? This isn’t just a dead project-it’s a tombstone with a price tag. If you’re still holding, you’re not investing, you’re just emotionally attached to a ghost.
Jason Roland
October 24, 2025 AT 20:42Okay but let’s be real-this is exactly why I don’t touch anything under $1M market cap. I’ve seen this movie before. The team vanishes, the website goes dark, and suddenly you’re paying $15 in gas to sell 50k tokens worth $0.37. It’s not even gambling anymore-it’s donating to a crypto graveyard. Someone needs to make a ‘Dead Token Museum’ and put WJXN on the first floor.
Niki Burandt
October 25, 2025 AT 14:04😭 This is why you don’t trust anonymous Ukrainian teams with 17 people and no LinkedIn profiles. Also, the fact that the SSL expired in 2025? That’s not negligence-that’s a middle finger to everyone who bought in. I’d be embarrassed to even have my name attached to this. 💀
Chris Pratt
October 26, 2025 AT 00:23As someone who’s lived through multiple crypto winters, I’ve learned one thing: if the devs stop talking and the DEX liquidity dries up, walk away. No exceptions. WJXN isn’t a failed project-it’s a cautionary tale wrapped in a whitepaper. Respect the exit.
Karen Donahue
October 26, 2025 AT 17:27Let me just say this: anyone who still believes in WJXN after reading this deserves to lose everything. Not because it’s a scam-though it is-but because they ignored every single red flag like a toddler ignoring a ‘Wet Floor’ sign. Zero commits since 2023? Expired certificate? Slippage over 15% on $100 trades? This isn’t ‘high risk’-this is ‘why your portfolio looks like a dumpster fire.’ I’m not mad, I’m just disappointed in humanity.
Ray Dalton
October 27, 2025 AT 05:33For anyone still holding WJXN: if you’re not emotionally invested, you’re probably just sitting on a paper loss that’ll never recover. But if you’re holding because you think there’s a chance the team comes back? That’s the real trap. The blockchain doesn’t care about your hope. The code is dead. The team is gone. The website’s certificate expired. You’re not waiting for a rebound-you’re waiting for a miracle. And miracles don’t pay gas fees.
Peter Brask
October 27, 2025 AT 17:21THIS IS A FED CONTROLLED DECOY. The whole thing was designed to drain retail wallets before the Fed’s CBDC launch. Look at the timing-ICO in late 2021, mainnet right before the inflation spike. The devs were never Ukrainian-they were MIT grads working for the Treasury. They used WJXN to test how fast people would throw money at a dead token. And guess what? It worked. Now they’re building the digital dollar on the same codebase. Don’t buy WJXN. Don’t even look at it. It’s a honeypot.