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What is WazirX Exchange (WRX) ? What is WazirX token | What is WRX token

  WRX, a utility token backed by WazirX, forms the backbone of WazirX ecosystem. We launched WRX tokens to involve our community in helping ...

 WRX, a utility token backed by WazirX, forms the backbone of WazirX ecosystem. We launched WRX tokens to involve our community in helping us build out WazirX, and reward them accordingly for contributing to our success. This helps us stay true to the ethos of cryptocurrency and blockchain - to share the rewards of WazirX's success with our early adopters and supporters.

WRX, a utility token backed by WazirX, forms the backbone of WazirX ecosystem. We launched WRX tokens to involve our community in helping us build out WazirX, and reward them accordingly for contributing to our success. This helps us stay true to the ethos of cryptocurrency and blockchain - to share the rewards of WazirX's success with our early adopters and supporters.

What is WazirX Exchange (WRX) ?

Launched in 2018, WazirX claims to be India's fastest growing cryptocurrency exchange with over 400,000 users, with an average app rating of 4.6. WazirX is a part of the Binance ecosystem. WazirX and Binance have launched a $50 Million USD ‘Blockchain For India’ fund. The exchange is available for the global audience, and key features include:

  • Instant INR (fiat) deposit and withdrawal options
  • Smart Token Fund to help crypto investors find expert traders, and let them manage their cryptocurrency portfolio
  • World’s first auto-matching P2P engine with high liquidity
  • 80+ tokens
  • Login via Binance option


Binance is excited to announce the next project on Binance Launchpad -  WazirX (WRX). The WazirX token sale will follow a lottery format, with the recording of user BNB balances already having started at 2020/01/04 00:00 AM (UTC). 

Binance will record user BNB balances for 30 days from 2020/01/04 00:00 AM (UTC) to 2020/02/03 00:00 AM (UTC). The final BNB holding amount for each user will be determined as the average of the 30 days, but using the Daily Average BNB Balance calculation previously announced here.

*WRX Token Sale Details: *

  • Token Name: WazirX (WRX)
  • Launchpad Hard Cap: 2,000,000 USD
  • Total Token Supply: 1,000,000,000 WRX
  • Total Tokens Allocated to Binance Launchpad: 100,000,000 WRX (10% of Total Token Supply)
  • Public Sale Token Price: 1 WRX = 0.02 USD (price in BNB will be determined prior to the lottery draw date)
  • Token Sale Format: Lottery
  • Max Number of Winning Lottery Tickets: 10,000
  • Allocation Per Winning Ticket: 200 USD (10,000 WRX)
  • Supported Sessions: BNB only
  • WRX will be issued as a BEP2 asset on Binance Chain.                                               

    How and Where to Buy WRX ?

    WRX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy WRX

    You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)...

    We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

    Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

    Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

            

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