WazirX WRX

1. Summary

Ranks

Liquidity

92

Developer

-

Social

99

Momentum (beta)

50

Stack Rank™

-

Price

$0.13 +5.8%

Market Cap

$59.41M (#592)

Supply

456.52M / 1.00B

Tags

Binance Smart Chain Ecosystem Exchange-based Tokens Polygon Ecosystem BNB Chain Ecosystem Binance Launchpad

More Metrics

Price
52W High price	$0.37
52W High date	14th Mar 2024 (7 months ago)
All Time High (ATH) Date	5th Apr 2021 (3 years ago)
ATH Price	$5.88
% From ATH	-96.79%
All Time Low (ATL) Date	5th Feb 2020 (4 years ago)
ATL Price	$0.05
% From ATL	296.36%

Supply & Trading Volume
Trading Volume (24h)	$1.15M
Total Supply	1.00B
Circulating Supply	456.52M

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Description

Introduction

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Introduction

WazirX is a cryptocurrency exchange with an advanced trading interface that allows users to buy, sell, and trade over 80 digital assets, including Bitcoin, BNB, Bitcoin Cash, Litecoin, Dash, and others. It features a live open order book system and supports peer-to-peer (P2P) transactions in various cryptocurrencies.

Key Features

• Peer-to-Peer (P2P) Engine: WazirX offers an auto-matching P2P engine, which enables users to deposit and withdraw INR (Indian Rupees) seamlessly. It is known for its high liquidity and efficiency.
• WRX Token: WRX is the native utility token of the WazirX ecosystem. Built on the Binance blockchain, it has a total supply of 1 billion tokens. WRX token holders can enjoy various benefits, including:
  • Trading Fee Discounts: WRX token holders can receive discounts of up to 50% on trading fees. This discount follows a halving model over four years.
  • WRX Trade Mining: Users can earn WRX tokens by performing trades on the platform. The earning rate is based on the trading volume.
  • Token Airdrop: WRX tokens can be earned through airdrops on specified occasions.
  • Margin Fee: WRX tokens can be used to pay margin fees for margin trades on WazirX.

Other Key Aspects

• Security: WazirX offers multiple security measures, such as two-factor authentication and robust wallet security to protect user funds.
• Partnerships: WazirX is part of the Binance ecosystem and has collaborations aimed at promoting cryptocurrency adoption globally, including a 'Blockchain For India' fund with Binance.

Ecosystem

• Native Currency: WRX is the native currency of the WazirX exchange, designed to provide utility to users within the ecosystem.
• Token Circulation: The token is built on the Binance blockchain and has a total supply of 1 billion units, with various use cases and rewards for holders.

User Experience

• Registration and KYC: Users can easily sign up and complete a quick Know-Your-Customer (KYC) verification process to start using the platform.
• Deposits and Withdrawals: Depositing and withdrawing cryptocurrencies as well as INR through UPI/IMPS/NEFT/RTGS is efficient and secure.
• Trading: The exchange offers a user-friendly interface for trading, allowing users to view prices and execute trades effortlessly.

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