What is WazirX Exchange and WazirX Token? How to WazirX Mining?

What is WazirX Exchange and WazirX Token? How to WazirX Mining?

By Apoaca | crypto_world | 17 Apr 2020


WazirX is a cryptocurrency exchange with an advanced trading interface and features to buy, sell & trade cryptocurrencies.

Wazirx, India's largest cryptocurrency exchange, was acquired by Binance in 2019 and joined the Binance ecosystem.


Binance, which has added the biggest stock market of the second most populous country in the world to its ecosystem, started to fight with the WazirX management against crypto blocks in India. Finally, the crypto ban in India was recently canceled by the Supreme Court of India.

After the crypto ban in India was ended, the WazirX exchange started its activities. Binance made a $ 50 million transfer to WazirX to contribute to crypto development in India. Thus, in the second most populous country of the world, both successful crypto initiatives will be supported and necessary steps will be taken to spread the crypto in India.

One of the biggest goals of WazirX exchange is to work with wallets and De-Fi applications to provide fiat gateway solution.


What is WazirX Token ?

WazirX's token WRX is the cornerstone of the WazirX ecosystem.

The total supply of WazirX token is 1,000,000,000.

The circulating supply of the WazirX token is 186,821,429 WRX. 18% of the total number of WazirX tokens.

10% of the total WRX supply will be burned.


Token Sale Overview

  • 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 will be conducted in February 2020 for a total raise of 2.00MM USD worth of BNB at 0.02 USD / WRX for 10.00% of total token supply. WRX/BNB exchange rate will be determined prior to day of sale.


Token Supply Distribution

  • 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.


How do Participate in the Mining ?

To participate, trade in any of the coins in the USDT, BTC and INR markets. The more you trade, the more WRX you unlock and earn!

Each of your trades will be calculated to determine which trading slab you have achieved. Each trading slab you climb up gives you a boost & you unlock more WRX!

Note: WRX mining is not available for P2P trades


How Can Unlock More WRX ?

The more you trade in the USDT, BTC and INR markets, the more WRX you can unlock and earn every day. With each trading slab, you will boost and unlock more WRX rewards.  All your trades for the day will be combined and calculate the slab you have unlocked. 

Stage 1 of WazirX's first mining awards has been completed. The conditions of the second stage and the reward distribution rate are expected to be announced soon.


BTC Market Trading


USD Market Trading


INR Market Trading


Considering the growing economy of India and the speed of the digitization process in the country, India has the potential to be one of the leading countries of the world crypto market. Binance's interest in the Indian market shows that other sovereign crypto exchanges may also make large investments in India in the future.

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