Skip to main content

Month in Review — August 2019

By September 4, 20193 minute read

Namaste Tribe! After a lot of ups and downs, Bitcoin has jumped back to $10K. Let’s hope that it only goes up from here.

[Complete] WRX milestone 1 ✅

Reach 50 BTC consistent daily trade volume

With your support, we finally achieved our Milestone 1 of consistently crossing 50 BTC in trading volume every day in June. We have grand plans for WRX, and we have started working on it. Have patience, and we’ll reveal it to you very soon. Remember, good things come to those who wait. 😎

What happened last month

[Done] WINk listing, airdrop & contest: Good news, we have listed WINk token (WIN) in the USDT Market as a part of our Rapid Listing Initiative. Wait, there’s more: WazirX also supports the monthly WIN token airdrop for TRON holders starting August 27, 2019. Read more about WIN token’s airdrop program here.

To add fun element to WINk listing, we had an interesting “retweet and win” twitter contest where we gave away 2,00,000 WINk tokens to 10 winners! Make sure to follow us on Twitter and participate in future contests here. Click here to tell your friends about it.

[Done] STF on WazirX: Last week, we revealed our most groundbreaking feature — STF, i.e., Smart Token Fund. STF is a simplified community-driven initiative where cryptocurrency enthusiasts can find smart traders, and let them grow their cryptocurrency portfolio on WazirX. STF will democratise cryptocurrency trading expertise for everyone. Read more about STF here.

  1. Buy Smart Token from traders you admire
  2. Let them grow your crypto portfolio
  3. Sell any time you want, no lock-in

Apply to become one of our first batch of STF Traders by clicking here.

[Done] Delisting NOAH: On 20th August, the Noah management team announced an urgent token swap program ending on 31st August, 2019 — giving us only 10 days to complete the swap. The news came abruptly to us as there was no prior communication regarding the swap timeline. We concluded that it was not possible for us to support the NOAH token swap for our users. So we delisted NOAH from our exchange. Please contact WazirX support team here if you haven’t withdrawn NOAH yet.

[Done] BTT airdrop: We have successfully distributed the monthly BTT airdrop to all the eligible TRX holders for the month of August.

What we’re building

[Ongoing] STF and improvements: We’ll make STF live for everyone in September. We’ll also add more features to help investors grow their portfolio the best possible way.

Some highlights

  1. We completed 300 days of #IndiaWantsCrypto!

2. STF got covered on numerous platforms:

WazirX Users Can Launch Mutual Fund style ‘Crypto Funds’ called STF, Manage Portfolio for other users

WazirX Users Can Launch Mutual Fund style ‘Crypto Funds’ called STF, Manage Portfolio for other users

3. I talked about crypto in India with Coinbeat

WazirX Users Can Launch Mutual Fund style ‘Crypto Funds’ called STF, Manage Portfolio for other users

Something to add

August was a very interesting month for the Indian crypto industry. Last month, the Crypto vs. RBI case was heard in the Supreme Court on 8th, 14th, 20th, and 21st of August. The Supreme Court has ordered:

  • The RBI to give an appropriate point-by-point response to IAMAI’s regulation presentation within 2 weeks
  • The Solicitor General to furnish various documents mentioned in the IMC’s crypto report within 1 week

The court will hear the arguments on 25th September again. Huge props to our advocate, Mr. Ashim Sood, for his great arguments. The hearings have reinstated a feeling of optimism among the crypto players. Let’s hope for the best. 🙌

I also want to share that Rajeev Chandrasekhar, Rajya Sabha MP is willing to hear the crypto community of India, it’s a big news for all of us!

I’m positive that he will help us make our voices heard. In the meantime, please join the #IndiaWantsCrypto movement, and let’s fight together for crypto!

Jai Hind 🇮🇳

Nischal Shetty, CEO — WazirX. On a mission to involve everyone in the blockchain revolution! Follow me on Twitter
*Above content is migrated from medium to wazirx blog
Disclaimer: 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.
Participate in the Indian Crypto Movement. Share:

Leave a Reply

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.