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Month in Review — November, 2018

By December 7, 20183 minute read

Namaste tribe! November was one insane month, and December’s off to a great start already! But hey, in our previous monthly update we did prompt you to brace yourselves as we have some great plans for you in these two months! 💪

[Ongoing] WRX milestone 1

Reach 50 BTC consistent daily trade volume

Last month was highly volatile, and we did cross 50 BTC on a few days. While we’re really happy about this, it wasn’t consistent enough for us say with conviction that milestone 1 is complete! Have patience, HODLers!

What happened last month

[Done] NPXS Airdrop credit: In line with the new method, we successfully credited the NPXS tokens unlocked in October to all the eligible holders. WazirX is an official Pundi X exchange partner, and has the highest liquidity of NPXS in India! Read more about the new airdrop method here.

[Done] New alerts: WazirX app now instantly sends you a push notification for events like when: Your KYC gets approved or rejected, Successful crypto deposits, Successful trades. There, no more need to refresh email all the time! Read more here.

[Done] BCH Hard Fork: BCH hard fork was scheduled for 15th November, and WazirX fully supported it. We’ve renamed BCH to BCHABC, and the new token — BCHSV — has been successfully distributed to all the eligible holders based on their BCH holdings at snapshot time, i.e., 10PM on 15th November. By the way, we also have the highest BCHSV volume in India! Read more here.

[Done] EOS MainNet upgrade: We’d promised you that we’d begun working on upgrading the EOS MainNet, and lo and behold, it’s complete! ✅ EOS Deposits are live, and you can continue to buy, sell, trade EOS in our USDT, BTC & INR Markets. Read more here.

[Done] PAX on WazirX: Paxos Standard Token (PAX) is a stable coin issued by Paxos, a Trust company, and it’s fully collateralised 1:1 by the U.S. dollar. It means that 1 PAX is always equivalent to $1 USD. PAX is trading in our USDT market. Read more here.

[Done] High volume XID Order book: This feature’s for those of you who like to buy/sell high USDT volumes in less number of trades on WazirX P2P ! XID order book displays every P2P order with a volume of over 500 USDT along with the trader’s XID. So, if you place a P2P order of over 500 USDT, and you have an XID, then your order will appear in the XID order book, and it will increase your chances of finding similar high volume traders and matching with them faster! Read more here.

What we’re building

[Ongoing] 2FA: It’s a work in progress, and our tech team is striving to perfect it and ship it to you as soon as it’s ready. Stay tuned!

[Ongoing] Under the hood improvements: Besides working on bomb features for you, our team is continuing to work on adding improvements to WazirX app to make you love us even more. The improvements are tough to explain, but when you use WazirX, you’ll know the difference.

Some highlights

  1. We’re now India’s highest rated crypto exchange, yay! 🥳

2. We received some positive reviews like these:

3. Our Twitter campaign for positive crypto regulation got picked up by eminent crypto media like:

Something to add

I’ll keep saying this until our government accepts it: Crypto is the future, and it is the time for India to step up, and be at the forefront of this amazing revolution! In the recent G20 Summit in Buenos Aires, the G20 nations including India agreed to regulate cryptocurrencies in line with FATF standards, and we’re really optimistic about it.

In the meantime, I request all of you to do your bit, and spread word about the scope of crypto, and its impact on our economy. Tag our ministers, the media outlets, and let’s keep talking until our voices are heard. Together, we can make it happen!

Jai Hind!

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 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.
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