WazirX
WazirXName
WazirX
Summary
-WazirX is a cryptocurrency exchange with a trading interface and features to buy, sell, and trade cryptocurrencies.
-It was co-founded by Nischal Shetty, Siddharth Menon, and Sameer Mhatre in 2017
-WazirX is a centralized exchange, while its utility token WRX is a BEP-2 token that runs on the Binance Chain.
-The WRX token is used for trading fee discounts, WRX Trade Mining (unlock and earn WRX tokens by performing trades), paying for margin fees, and more.
-WazirX gained traction in India, during the banking ban, as it introduced peer to peer mechanism which did not involve direct banking with exchanges during 2018-2019
Rating
Symbol
WRX
Overview
Launched in 2018, WazirX claims to be India's fastest-growing cryptocurrency exchange, with an average app rating of 4.6/5. WazirX is a cryptocurrency that is part of the Binance ecosystem.
The exchange is open to anybody in the world, and it includes the following features:
-Instant INR (fiat) deposit and withdrawal options
-Smart Token Fund will assist cryptocurrency investors in locating skilled traders and allowing them to manage their cryptocurrency portfolio.
-First auto-matching P2P engine with high liquidity in the world
-Use the Binance option to log in.
WazirX's utility token is WRX. The Binance blockchain is the foundation for the WRX token. On the trading exchange, token holders will be rewarded with various benefits, including trading fee savings, WRX trade mining, token airdrops, margin fees, and more.
Binance acquired WazirX in November 2019. WazirX's mission is to make cryptocurrency accessible to everyone in India.
Historical Price Movement (in INR)
Technology
WRX is a BEP-20 token; hence it supports multiple programming compatibilities on the Binance chain as the Binance chain supports GO, Java, Javascript, C++, C#, Python, and Swift. Since WRX is on the Binance chain, therefore, it is protected by the Tendermint byzantine-fault-tolerant (BFT) consensus process.
Use of Native tokens in the ecosystem
WRX, WazirX's native token, is a utility token that serves as the core utility instrument of the WazirX ecosystem. Trading fee discounts, WRX Trade Mining (unlock and earn WRX tokens by making trades), paying for margin costs, and other potential use-cases are all possible with the WRX token, which is based on the Binance Chain.
Launchpad Sale
10%
Private Sale
5%
Foundation
30%
Product and marketing
20%
Partnership and ecosystem
20%
WRX airdrops
11.1%
WRX trade mining
3.9%
Volume (As of 18th march 2022)
$14,325,880
Total Supply
962646669
Circulating Supply
381,856,864.34 WRX
Crowd Sales
NA
Country
India
Name of Organization
Zanmai Labs Private Limited
Year Incorporated
2017
Registered Address
802,Siddhi Heights, Sector28, Plot 73 Near Balaji Temple,Nerul West Navi Mumbai Thane MH IN 400706.
Dispute Resolution and Governing Law
India
Country Risk Assessment
B1
Founding Team
| Name | Designation | Education | Experience |
| Nischal Shetty | Founder and CEO | Visvesvaraya Technological UniversityB.E., Computer Science | 14 Yrs |
| Siddharth Menon | Co-Founder and COO | University of MumbaiBachelor’s Degree, Geology/Earth Science, General | 17 Yrs |
| Sameer Mhatre | Co-Founder | CDAC: Post Graduation Diploma, Computer ScienceBharati Vidyapeeth College of Engg.: Bachelor's degree, Computers | 14 Yrs |
Instagram 
Whitepaper 
