Using wax on a chain is not new -- but it is a lot of work.
You first need to remove the chain an clean it Then you put the wax in a can and heat it to melt it.
This can be dangerous since wax is flamable.
When the wax is melted, drop the chain in the wax and let it soak for a few mniutes. Then remove it
and hang it up and let it dry and let the excess way drip off.
I supose you could use beeswax, but I just used some cheap candles.
If you want a wax lubricant, you can also use something like White Lightening. It's certainly a lot easier.
BikePro