🔰 Current $WRX Price: $0.131
🔰 IEO (Initial Exchange Offering) Details:
▪️ Date: Feb 3-4, 2020
▪️ Funds Raised: $2 million
▪️ IEO Price: $0.02
▪️ Current ROI (Return on Investment): 6.57x (+556.8%)
▪️ All-Time High ROI: 292.38x (+29,138%)
▪️ Tokens Sold: 100 million WRX
🔰 Private Sale Details:
▪️ Funds Raised: $900K
▪️ Tokens Sold: 50 million WRX
▪️ Private Sale Price: $0.018
▪️ Current ROI: 7.3x (+629.7%)
▪️ ATH ROI: 292.38x (+29,138%)
🔰 Total Funds Raised: $2.9 million
🔰 Token Supply Overview:
▪️ Total Supply: 1 billion WRX
▪️ Private/Pre-sale Allocation: 5% (50M WRX)
▪️ Public Sale Allocation: 10% (100M WRX)
🔹 Token Distribution:
1⃣ Foundation: 30% (300M WRX)
Locked: 6% (60M WRX)
Unlocked: 24% (240M WRX)
2⃣ Partnership & Ecosystem: 20% (200M WRX)
Unlocked: 20% (200M WRX)
3⃣ Product & Marketing: 20% (200M WRX)
Unlocked: 20% (200M WRX)
4⃣ WRX Airdrop: 11.1% (111M WRX)
Unlocked: 11.1% (111M WRX)
5⃣ Binance Launchpad Sale: 10% (100M WRX)
Unlocked: 10% (100M WRX)
6⃣ Private Sale: 5% (50M WRX)
Unlocked: 5% (50M WRX)
🔰 Key Facts:
➡️ Unlocked Tokens: 94% (940M WRX)
➡️ Locked Tokens: 6% (60M WRX)
➡️ Team's Allocation: 64% (640M WRX), all unlocked
🔰 Potential Earnings:
▪️ Team's Earnings: Selling 50% of their Team Allocation tokens (320M WRX) at $2/token could have made $640 million (₹55,000 crore) ( WRX/USDT Went upto $6.66 )
▪️ Airdrop Allocation: 11.1% (111M WRX) might have benefitted the team/partners.
▪️ 50% of the WRX allocation went to the team, with 5.55% of airdrop tokens netting them around $111M if sold at $2, as the majority of WRX holders are on the team
🔰 Conclusion:
#WazirX likely earned over $1 billion from
#WRX tokens. The $230 million hack is small compared to their overall profits, meaning they could easily cover the losses if they chose to.
Additional sponsor and OTC deals could add even more to their earnings.
Note: The $230M hack seems minor compared to the team's potential earnings.
In this post, I focused on the WRX token earnings and team profits, but didn't touch on WazirX exchange's other significant earnings
Beyond WRX, the team likely multiplied their raised funds by investing in strong projects, seed rounds, private sales, and potential gems like #Bitcoin #Ethereum and more.
These investments have likely grown substantially over the past 3-4 years, adding to their hidden profits.
These are my views, and they might be incorrect.
#CryptocurrencyInsights #CryptoInvestigation #cryptoinvesting #WRX #WazirXHack