What is WazirX?
WazirX is India's number one reputable cryptocurrency exchange. Flooring is Binance acquired on September 21, 09.
The exchange is trading over 80 cryptocurrency pairs with professional UX
WazirX is still a part of Binance's ecosystem but acts as an independent brand. This platform mainly focuses on P2P transactions.
Wazir is another name for Hau in chess
What problem does WazirX solve?
They solve the problems of cryptocurrency ownership. Only 44 million people use electric wallets around the world. Accounting for 0.6% of the global population.
The question is why is the number so small? Because most of the population is concentrated in developed and developing countries. In these countries, people may not be able to access due to the ban, difficulties in transactions, account opening.
So WazirX was born to solve this problem. A solution that converts from fiat money to cryptocurrencies. Currently there is a solution for 1 billion people in India to own cryptocurrencies.
What is WazirX P2P?
It is a P2P transaction platform with auto-matching technology that they call this P2P 2.0. The platform becomes a solution to fiat -> cypto when India enacts the ban.
But the goal of the floor does not stop at India. They will also be open in the future and provide fiat ports to less developed countries. So that they can easily access cypto.
wazirx will revolutionize the P2P segment in a way Binance revolutionized the cryptocurrency segment
How does WazirX P2P work?
For P2P transaction types that perform a lot of new operations it is possible to buy crypto. But the P2P 2.0 system works in just 3 simple steps.
For example: When you buy USDT. You just need to place a buy order USDT system will automatically pair you with the seller.
At this time, you only need to send money to the seller. The seller confirmed that he received the money, Wazirx will transfer the USDT to you.
What is Smart Token Fund (STF)?
STF is part of the ecosystem of WazirX. This is the place for investors who don't have trading time. Or investors who do not know what transactions can invest.
You will receive 25% commission from the profits of experts trading on the platform. If the expert trades at a loss, you will also lose.
How the STF works
STF traders will use investor funds to trade cryptocurrencies. They will not withdraw this money.
Smart Token corresponds to an STF Traders. You only need to buy this token if they are profitable, you will also be profitable. You can sell this token at any time because it is not locked.
What is WRX?
WRX is a native token (native token) of WazirX. It is also a utility token in the WazirX ecosystem.
WRX is built on the Binance Blockchain (Binance Chain). Tokens can be used to pay for transaction fees. It also has a special role on the P2P platform as it expands to countries.
The value of WRX cryptocurrency
The value of WRX is quite similar to BNB on Binance.
Reduce transaction fees
When you use WRX to extract, you will be reduced transaction fees. 4-year transaction fee reduction program:
Year 1: 50% off
Year 2: 25% off
Year 3: 12.5% off
Year 4: 6.25% off
Users have the ability to dig, unlock and earn WRX tokens by performing P2P transactions.
WRX can be used to pay for listing fees on WazirX.
When trading on margin you can use tokens to pay fees and interest.
When holding WRX tokens, you have the right to vote to list or release future features
Distribute WRX Token
WRX will be burned each quarter based on the trading volume of the cryptocurrency trading platform. A total of 100.000.000 WRX will be burned equivalent to 10% of total supply.
- The first quarter of 1, WazirX P2P will be integrated into Binance fiat port.
- Activate P2P for existing Binance users in many countries to help send and withdraw fiat on Binance.
- Fiat on-ramps: Open public fiat for underdeveloped or developing countries. Or countries with unclear regulations on cryptocurrencies like Vietnam.
Partnership: Partnership with electronic wallets, exchanges, DeFi.
The future of WRX
The value of WRX also depends on the development team and orientation of the parent company Binance. It is difficult to know in advance what will happen in the future.
But one thing is for sure, WRX will have a very important role in P2P transactions in the future.
Who knows in the future this will be Binance 2.0 on Peer-to-peer trading
How to make a profit
Currently, the only way to make a profit is to make a purchase after the IEO is completed.
Should we invest in WRX coin?
This is Binance's subsidiary. The success of Binance is well known to everyone. But whether WazirX will succeed or not depends on many factors.
Read back to the content Blogtienao presented from the beginning of the article to now to see if it is worth your investment or not!
Where to store WRX?
This is the form of Token developed on Biance Chain so you can store directly on Binance.
You can also host at Trust wallet, XWallet, Ledger Nano S, ... any wallet that supports Binance Chain.
Track the project WazirX at
Whitepaper: WazirX (WRX)
Details of WRP Project on Binance Launchpad
Chi tiết bán mã thông báo WRP
- Tên mã thông báo: WazirX (WRX)
- Launchpad Hard Cap: 2,000,000 USD
- Tổng cung cấp mã thông báo: 1,000,000,000 WRX
- Tổng số mã thông báo được phân bổ cho Binance Launchpad: 100,000,000 WRX (10% tổng nguồn cung)
- Giá bán mã thông báo công khai: 1 WRX = 0.02 USD (giá bằng BNB sẽ được xác định trước ngày rút thăm xổ số)
- Định dạng bán mã thông báo: Xổ số
- Số lượng vé xổ số trúng thưởng tối đa: 10,000
- Phân bổ cho mỗi vé trúng thưởng: 200 USD (10,000 WRX)
- Phiên được hỗ trợ: Chỉ BNB
- TROY ban đầu sẽ được phát hành dưới dạng tài sản BEP2
- 7:00, January 04, 01 to 2020:7 AM February 00, 03: The balance will be taken daily for 30 days. The average balance photographed daily for 30 days will determine the number of tickets you can receive.
- 13:00, 03/02/2020: Eligible users can get tickets within 24 hours. Người dùng cũng phải ký Thỏa thuận mua mã thông báo cùng một lúc, trước khi hoàn thành yêu cầu vé. Xin lưu ý rằng người dùng sẽ chỉ có thể yêu cầu vé một lần.
- 13:00, 04/02/2020: Tickets will be closed and lottery starts.
- 15:00, 04/02/2020: Vé trúng thưởng được công bố và BNB tương ứng sẽ được khấu trừ từ tài khoản của người dùng chiến thắng. Vui lòng đảm bảo bạn có đủ BNB trong tài khoản để khấu trừ trong vòng 24 giờ nếu bạn có vé trúng thưởng.
*Note: All times and dates are in Vietnamese time.
Distribution of lottery tickets
Hopefully through this article, you can understand WRX as well as WazirX. If you have any questions, please comment below IT will answer as soon as possible.
Wishing everyone a successful investment!