Month in Review – April 2021

By May 28, 20212 Comments
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Namaste Tribe! Here’s a monthly report of what happened at WazirX in April.

What happened last month

[Done] 16 new INR pairs: Last month, we added sixteen tokens to our INR (fiat) market! You can now buy, sell, trade ZRX, UFT, WIN, HOT, OMG, DOCK, FIL, PUSH, SC, DENT, CVC, IOST, FTT, DGB, EZ, and CAKE in our INR market. Deposit INR instantly on WazirX, and start trading your favourite pairs!

[Done] WazirX NFT marketplace: Last month, we announced the launch of WazirX NFT Marketplace to allows you to buy, sell, trade digital assets & intellectual properties, including art pieces, audio files, videos, programs & even tweets. Read more

[Done] UFT/INR listing & giveaway: We listed UniLend (UFT) on WazirX, and gave away $20,000 worth UFT via a host of activities like AMA, Highest Trader Kaun, Quiz Time with WazirX, and UFT Trivia contest on Instagram! Read more

[Done] 9 new USDT pairs: In April, we added nine new tokens in our USDT market. You can now buy, sell, trade UFT, PUNDIX, CKB, VIB, GTO, PUSH, CVC, EZ, and CAKE in our USDT market. Happy trading!

[Done] Fourth WRX burn event: We completed the fourth WRX burn for the the quarter of January to March 2021 on 15th April 2021. We burned 3,753,333WRX equivalent to ₹112 Crores INR(~ $14 Million USD)! This burn event has permanently removed over $14 Million USD worth WRX from circulation! Read more

[Done] WRX/INR trading contest: To celebrate the fourth WRX burn event, we conducted a trading competition for WRX/INR. It was a 48-hours long trading marathon where we gave away ₹5,00,000 worth WRX among top 120 traders. Read more

[Done] PUSH/INR listing & giveaway: We listed EPNS Project (PUSH) on WazirX, and gave away $65,000 worth PUSH via a host of activities like AMA with Harsh Rajat (Founder & Project Lead) and Richa Joshi (Co-Founder), Highest Trader Kaun, Quiz Time with WazirX, and PUSH Trivia contest on Instagram! Read more

[Done] QuickBuy on WazirX: In April, WazirX launched “QuickBuy” option which allows you to buy your favourite crypto instantly with just a tap! Moreover, you can start buying crypto with as little as Rs. 50 on WazirX! Read more

What we’re building

[Ongoing] NFT Marketplace: We’re launching decentralized NFT marketplace where you can buy, sell, trade digital assets and intellectual properties, including art pieces, audio files, videos, programs & even tweets. Pre-register for it here. Join our Telegram channel here.

[Ongoing] AMM Protocol: There have been unforeseen delays in some of the protocols that our DEX is dependent upon. This is preventing us from going live. At this moment, we don’t have an ETA on how long this will take. Be assured that we’re working very hard with the protocol team to expedite the process.

[Ongoing] New tokens: We’ll be listing more tokens on WazirX in the coming weeks. Got any suggestions? Please tweet to us @WazirXIndia

[Ongoing] Faster KYC: We have been seeing a sudden and huge surge in new signups on WazirX. We are working hard to ensure KYC approval is expedited.

Some highlights

In April 2021, WazirX recorded a monthly volume of $5.4 Billion USD ?

WazirX donated Rs. 8 CRORE for Covid relief. Read the fund allocation report here.

WazirX got featured on several platforms like:

https://economictimes.indiatimes.com/tech/technology/crypto-exchange-wazirx-launches-a-nft-marketplace-for-indian-artists/articleshow/81907370.cms

https://hr.economictimes.indiatimes.com/news/workplace-4-0/recruitment/cryptocurrency-exchange-wazirx-plans-to-triple-its-headcount/82142504

https://www.livemint.com/companies/news/wazirx-adds-1-million-users-in-april-eyes-10-million-overall-customers-by-june-11619592855903.html

https://www.adgully.com/wazirx-launches-quickbuy-forone-taps-crypto-transactions-103266.html

Something to add

In April, there were times when sudden unprecedented traffic caused WazirX to slow down. We’re working on improving our systems. We’re in the middle of scaling our systems to sustain the increased load. We had announced Project Raftaar and the first version is nearing completion. This new trading engine should help in sustaining the immense load WazirX sees during peak events. Thank you for supporting us!

Jai Hind ??

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