Namaste tribe! When my crazy team told me that we’re ready to launch, the first thing that came to my mind was → Finally!
Why? Because the entire last week I’ve been bombarded with one single question:
When are you launching WazirX?
I know it’s hard to wait when you’re in love with a product. When we released our pre signup on January 31st, I never imagined the kind of response we got from all of you.
We’ve remained true to our timelines until now. And we hope to continue doing that. We’ve been updating you about every step and we intend to continue doing that as well. We believe this is how you build a crypto exchange for our tribe and move ahead together.
Here’s how we plan to launch WazirX
Step 1: We’ve started accepting Crypto and INR deposits. Withdrawals are active too. Feel free to transfer your cryptos and INR. You can also place orders but they won’t execute as the trading engine will be starting in Step 2.
INR deposits and withdrawals will be processed during business hours — 9AM to 6PM on weekdays.
Step 2: Tomorrow, at 7PM, we start trading! All the orders in the order book will start executing if there’s a match.
24 days of Free trading (no fees)
For the first 24 days you will not be charged any fees for buying and selling on WazirX. Trade as much as you want!
What cryptos are we launching with?
We launch with 3 crypto assets: Bitcoin, Litecoin and Dash.
Since this is just the beginning, we are launching with 3 coins. But we will introduce new coins as soon as we have made sure that these 3 coins are trading well.
What about WRX?
At a future date, we’ll release the exact roadmap that will explain the use cases and listing method of WRX. But, I ask you to be patient about it as we want to make sure we give WRX a grand opening. We’ll be releasing these details in stages as we progress with the trading platform.
As promised, your WRX will be reserved for you the moment you make your first trade on WazirX. However, you will not be able to view the WRX that you have earned within the product. We’ll bring more visibility into how many WRX you own, how many WRX you have gained through referrals etc. over the coming weeks. In the mean time, you can read all about WRX here.
With this, I hand over the power to take us forward over to you, tribe. Let’s make WazirX into India’s most trusted and largest crypto exchange.
The journey has just begun. Let’s bring the crypto revolution to every Indian and progress as a nation.
Nischal Shetty, CEO — WazirX. On a mission to involve every Indian in the blockchain revolution! Follow me on Twitter
*Above content is migrated from medium to wazirx blogDisclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.