What is the difference between WAX and waxp?

Could you elaborate on the distinction between WAX and WAXP in the realm of cryptocurrencies? As a financial professional, I'm aware that they are both related but seem to have distinct roles. Is WAX a decentralized platform that facilitates the exchange of virtual goods, while WAXP represents the native token of that ecosystem? Or is there a deeper difference that sets these two apart in terms of their functionality, usage, and market positioning? Clarifying this distinction would be invaluable for investors seeking to understand the nuances of these cryptocurrencies.