How to convert WAX to waxp?

Could you elaborate on the process of converting WAX tokens to WAXP? I'm aware that both represent tokens in the WAX blockchain ecosystem, but I'm unclear about the specific steps required for the conversion. Are there any fees associated with this transaction? Are there any specific wallets or exchanges that support this conversion? Additionally, is there a difference in the utility or value between WAX and WAXP after the conversion? I'd appreciate a detailed explanation of the process and any relevant considerations I should take into account.