Namaste Tribe! Wow, it’s been almost a year of announcing WRX IEO on Binance Launchpad! 2020 was a great year with WRX token sale, more WRX use cases coming to life, and its increasing adoption. It would not have been possible without you, tribe!
Today, I’m happy to share with you that WazirX successfully completed WRX burn for the quarter of October – December 2020 yesterday, 20th January 2021.
We burned WRX in 4 parts:
This burn event has permanently removed over $648K worth WRX from circulation. Moreover, did you know: The amount of WRX burned this quarter is 96% more than the amount of WRX burned in the second quarter! ?
In this quarter, we also introduced a variety of new features and improvements to make WazirX more amazing for you, like:
- Prizes and giveaways worth over ₹65,92,275 INR (~$90,000 USD)
- 41 new trading pairs
- Launch of WRX market
- Dust to WRX conversion feature
- WRX on Ethereum blockchain
- Education initiatives across Pan-IITs
We’re continuously working towards building more exciting features to enhance your experience on WazirX. Initiatives like WazirX Warriors, WazirX Education Partner Program are our way to spread crypto awareness and education among the masses. ✌️
As WazirX grows, so will the amount of WRX burned every quarter. This will lead to a reduction in the token supply, and an increase in the value of the token. If you want to know more about token burn and its importance, read this.
As we continue burning WRX periodically and its value keeps increasing, the early holders of WRX will benefit the most from it ?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.