WRX [WazirX] what? What’s HOT on the IEO 12 on Binance Launchpad?

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2021-03-23 04:54:23

The 12th IEO above Binance Launchpad is WRX. Let CHK see if it is more attractive TROY – IEO 11 does not.

What is WazirX?

WazirX is India’s number one reputable cryptocurrency exchange. The floor is okay Binance bought back on September 21, 2019.

The exchange is trading over 80 cryptocurrency pairs with professional UX

WazirX is still part of the Binance ecosystem but operates as an independent brand. This platform primarily focuses on P2P transactions.

Wazir is another name of Queen in chess

wazirx binance

What problem does WazirX solve?

They solve the difficult problems of owning cryptocurrencies. Only 44 million people use electric wallets around the world. Account for 0.6% of the global population.

The question is, why is the number so small? Because the majority of the population is concentrated in developed and developing countries. In these countries people may be inaccessible due to bans in transactions, account opening.

So WazirX was born to solve this problem. A solution for converting from fiat to crypto. This is the solution for 1 billion people in India to own cryptocurrency.

What is WazirX P2P?

Is a P2P transaction platform with auto-matching technology they call this P2P 2.0. The platform becomes a solution for fiat -> cypto transfers when India enacts the ban.

But the floor’s goal is not limited to India. They will also open up in the future and provide fiat gates for underdeveloped countries. So they have easy access to cypto.

WazirX will revolutionize the P2P segment in a way Binance has revolutionized the cryptocurrency segment

How WazirX P2P Work?

For P2P types of transactions that do a lot of new operations it is possible to buy crypto. But the P2P 2.0 system works in only 3 simple steps.

For example: When you buy USDT. You just need to place an order to buy USDT the system will automatically match you with the seller.

At this point, you just need to send money to the seller. The seller confirms that the money has been received, then Wazirx will transfer the USDT number to you.

How Wazirx P2P works

Smart Token Fund (STF) price, marketcap, chart, and fundamentals info

STF is part of the WazirX ecosystem. This is the place for investors who do not have time to trade. Or investors who do not know what transaction can also invest.

You will receive 25% commission from the profits of the trading specialists on the platform. If the trader loses, you will also lose.

How the STF works

The STF trader will use the investor’s funds to trade cryptocurrencies. They will not be able to withdraw the funds.

Smart Token corresponds to an STF Traders. You only need to buy this token if they make a profit then you will also make a profit. You can sell this token at any time because it is not locked.

Smart Token Fund (STF)

What is WRX?

WRX is a native token of WazirX. It is also a utility token in the WazirX ecosystem.

WRX is built on the Binance Blockchain (Binance Chain). Token can be used to pay transaction fees. It also has a unique role to play on the P2P platform as it expands to countries.

wrx-token

The value of the WRX cryptocurrency

WRX’s value is quite similar to BNB on Binance.

Transaction fee reduction

When you use WRX for extraction, you will get a discount on transaction fees. 4-year transaction fee discount program:

  • 1 year: Sale 50%

  • Year 2: Discount 25%

  • Year 3: Discount 12.5%

  • Year 4: Discount 6.25%

WRX mining

Users have the ability to mine, unlock and earn WRX tokens by doing P2P transactions.

Listing fee

WRX can be used to pay fees for listing on WazirX.

Escrow fee

When trading on margin you can use tokens to pay fees and interest.

Right to vote

When holding WRX tokens you have the right to vote for the listing or release future features

Distributing WRX Token

Token wrx distribution chart

Burn the WRX

WRX will be burned every quarter based on the transaction volume of the cryptocurrency trading platform. A total of 100,000,000 WRX will be burned equivalent to 10% of the total supply.

Development team

Development team

Route

State 1

  • Quarter 1, 2020, WazirX P2P will be integrated into the Binance fiat portal.
  • P2P activation for existing Binance users across multiple countries helps to deposit and withdraw fiat on Binance.

Phase 2

The future of WRX

WRX’s value also depends on the development team and direction of the parent company Binance. It is difficult to know when there will be anything in the future.

But it is certain that in the future WRX will have a very optical role in P2P transactions.

Who knows in the future this will be Binance 2.0 in terms of Peer-to-peer transactions

Profitable way

Currently, the only way to make a profit is to make a purchase after the IEO is finished.

Should I invest in WRX coin?

This is a subsidiary of Binance. Binance’s success is sure to be known by everyone. But whether WazirX succeed or not depends on many factors.

Please read the content that CHK presents from the beginning of the article so far to see if it is worth your investment or not!

Where to store the WRX?

This is a form of Token developed on Biance Chain so you can store it directly on the Binance exchange.

You can also store at Trust Wallet, XWallet, Ledger Nano S, … any wallet that supports Binance Chain.

Track the project WazirX now

Website: https://wazirx.com/

Whitepaper: WazirX (WRX)

Telegram: https://t.me/wazirx

Twitter: https://twitter.com/wazirxindia

Medium: https://medium.com/@wazirx

Facebook: https://www.facebook.com/wazirx/

LinkedIn: https://www.linkedin.com/company/wazirx/

Youtube: https://www.youtube.com/wazirx

WRP Project Details on Binance Launchpad

Detail selling WRP tokens

  • 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 supply)
  • Public token sale price: 1 WRX = 0.02 USD (price in BNB will be determined before the lottery draw date)
  • Token sale format: Lottery
  • Maximum number of winning lottery tickets: 10,000
  • Allocation for each winning ticket: 200 USD (10,000 WRX)
  • Supported sessions: BNB only
  • TROY will initially be issued as a BEP2 property

Milestones

  • 7:00, January 4, 2020 to 7:00 am February 3, 2019: Balances will be taken daily for 30 days. Average balance taken daily over 30 days will determine how many tickets you can receive.
  • 13:00, February 3, 2020: Eligible users can get tickets within 24 hours. The user must also sign the Token Purchase Agreement at the same time, prior to completing the ticket request. Please note that users will only be able to claim tickets once.
  • 13:00, February 4, 2020: The ticket collection request will be closed and the lottery begins.
  • 15:00, February 4, 2020: Winning tickets are announced and the respective BNB will be deducted from the winning user’s account. Please ensure you have enough BNB in ​​your account to deduct within 24 hours if you have a winning ticket.

*Note: All times and dates are in Vietnamese time.

Lottery ticket distribution

Lottery ticket distribution

Epilogue

Hopefully, through this article you can understand WRX as well as WazirX. If you have any questions, please comment below BTA will answer as quickly as possible.

Wishing everyone a successful investment!



#WRX #WazirX #Whats #HOT #IEO #Binance #Launchpad

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