A wax type coating you say....then use furniture polish...see top of thread! A quick squirt of cheapo furniture polish and a wipe and Voila, a nice clean and waxed surface, it'll avoid a lot of crud sticking and, once it does, it comes off easier.
Also used ACF-50 in the past, same kind of result.
Mostly though, I don't bother, I clean the wheels once a year in April, then leave till next April. Too much hard work. They don't get too filthy as I only use WD-40 to lube the chain, no chain wax or grease for me, 12,000 miles and virtually no adjustment. A good result for the Vee which can be a bit harder on the chains than the 650.