The bulbs contain everything that the flower stalks need to grow and bloom. The wax helps retain the moisture so they don’t dry out prematurely.
Light is one of the few requirements you will need to worry about for your waxed amaryllis bulb. They prefer bright light, rather than direct sunlight.
If your waxed amaryllis is not growing, it could be caused by lack of light or cold temperatures. Give them at least 6 weeks before you begin to worry.
You can keep and reuse it for many years to come. Remove the wax and spent flower stalks from the bulb, then pot it up into regular soil so it can root.