WazirX is a cryptocurrency exchange with an advanced trading interface and features to buy, sell, and trade cryptocurrencies. It has raised ~$3MM via a private token sale and the Binance Launchpad sale, and is founded by Nischal Shetty.
WazirX is a centralized exchange, while it's utility token WRX is a BEP-2 token run on the Binance Chain.
Users can deposit/withdraw cryptocurrencies and also cash in and out USDT in a Peer-to-Peer fashion to Indian Rupees (INR) with ease and speed, as well as securely store their digital assets in the WazirX wallet.
The WRX token is used for trading fee discounts, WRX Trade Mining (unlock and earn WRX tokens by performing trades), paying for margin fees, and more.
1. What is WazirX (WRX)?
WazirX is a cryptocurrency exchange with an advanced trading interface and features to buy, sell, and trade cryptocurrencies. It is an exchange with a live open orderbook system that allows users to trade 80+ digital assets like Bitcoin, BNB, Bitcoin Cash, Litecoin, Dash, and many more.
Users can deposit/withdraw cryptocurrencies and also cash in/cash out USDT via Peer-to-Peer (P2P) to Indian Rupees (INR) with ease and speed, as well as securely store their digital assets in the WazirX wallet.
WazirX’s aim is to bridge the global fiat-cryptocurrency gap with the world’s first auto-matching P2P engine - WazirX Peer-to-Peer. As of today, WazirX Peer-to-Peer is the go-to method to deposit and withdraw INR in India, and growing steadily.
WazirX’s native token, WRX, is the utility token forming the backbone of the WazirX ecosystem. The WRX token is built on Binance Chain with future use-cases including: trading fee discounts, WRX Trade Mining (unlock and earn WRX tokens by performing trades), paying for margin fees, and more.
Key metrics (as at January 21st 2020)
Ticker | WRX |
|---|---|
Binance Launchpad Sale Price | $0.02 |
Circ. Supply | 186,821,429 WRX (18.68%) |
Max Supply | 1,000,000,000 WRX |
2. Economics and supply
Private Sale: the Private Sale raised 0.96MM USD at a rate of 0.018 USD / WRX for 5.00% of the total token supply.
Launchpad Sale Overview: the Launchpad Sale was conducted in February 2020 for a total raise of 2.00MM USD worth of BNB at 0.02 USD / WRX for 10.00% of the total token supply. WRX/BNB exchange rate will be determined prior to day of sale.
The token supply distribution is as follows:
Launchpad Sale tokens comprise 10.00% of the total token supply.
Private Sale tokens comprise 5.00% of the total token supply.
Foundation tokens comprise 30.00% of the total token supply.
Product & Marketing tokens comprise 20.00% of the total token supply.
Partnership & Ecosystem tokens comprise 20.00% of the total token supply.
WRX Airdrop tokens comprise 11.10% of the total token supply.
WRX Trade Mining tokens comprise 3.90% of the total token supply.
WRX token distribution (%)
WRX token release schedule
3. WazirX's community overview
WazirX has established most of its community presence in India, and will gradually expand to more regions as the project grows.
Current community growth strategies of WazirX include:
Innovative rewards programs such as WRX Trade Mining.
Consistently publishing media coverage with guest posts or features.
Participating in AMAs, conferences, and interviews with influencers.
Releasing continuous monthly updates.
Sponsoring events, and partnering with influencers.
Future community growth strategies of WazirX include:
Creating and growing dedicated Telegram communities for different countries.
Hosting and participating in more meetups, conferences, and social activities to continue building an offline community presence.
Launching more innovative rewards programs.
Partnering with wallets and DeFi apps to provide a fiat gateway solution.
Community and social channels
Telegram (English)
Twitter (English)
Medium (English)
Facebook (English)
LinkedIn( English)
YouTube (English & Hindi)