Table of Contents
Namaste Tribe! As we stand at the crossroads of 2023, let’s embark on a detailed exploration of the milestones that defined WazirX’s exceptional journey throughout the year.
We initiated the year with an ambitious expansion plan, introducing a staggering 50 new coins to the INR market and 21 to the USDT market. Our market offerings mirrored the diverse and dynamic nature of the crypto landscape.
Fee Slab Shake-Up
In our continuous efforts to enhance WRX utility, we conducted an annual review of discounts and trading dynamics. The outcome was a revamped trading fee structure, effective from January 23, 2023, promising a fair and dynamic trading experience for our users.
WazirX QuickBuy Expansion
Responding to user demands, we expanded WazirX QuickBuy by adding five new pairs: ZIL/INR, YFII/INR, JASMY/INR, GFT/INR, ONE/INR, further enhancing the accessibility and convenience of trading on our platform.
Most Actively Traded Coin Feature
To keep users abreast of the latest listings, we introduced a new feature that allows users to see the ‘Most Actively Traded Coins’ in the last 2 hours directly on the WazirX Home tab.
WazirX’s Fresh Facade
Embarking on a journey of transformation, WazirX recently underwent a significant makeover, elevating the browsing experience for all our users. The revamped interface not only presents a contemporary look but also promises an enhanced speed, ensuring a seamlessly fluid trading journey.
Seamless Sign-Up Options
The process of joining WazirX has become a breeze with the introduction of new sign-up options, including Google and Apple. We are committed to providing a hassle-free onboarding experience for our users.
Simplified Market Exploration
Navigating the vast landscape of crypto markets is now simpler with the introduction of a dedicated “New Listings” section on the WazirX home page. This section features all markets listed within the last 10 days, keeping our users updated on the latest additions.
Staying Updated at Your Fingertips
Discovering our latest features and enhancements is now at your fingertips with the introduction of the “What’s New” pop-up. Appearing once after users update their app to the latest version, this informative section provides insights into the improvements we’ve made.
Swift and Smart Searches
Locating what you need is now more efficient with our “Recent Searches” feature. Displaying the last 5 searches across the Exchange, Funds, and Quick Buy pages, we empower users with the convenience of easily revisiting their recent queries.
Token Swaps and Upgrades
Throughout the year, WazirX supported various token swaps, upgrades, and rebranding efforts, ensuring a seamless transition for users and contributing to the overall stability of the crypto ecosystem.
- HIFI Token Swap and Listing (January 2023)
- Ethereum Shanghai Upgrade Support (April 2023)
- BEP-20 Network Upgrade & Hard Fork Support (April 2023)
- Gala (GALA) Contract Swap Support (May 2023)
- Cocos-BCX (COCOS) Token Swap & Rebranding Support (May 2023)
- Swipe (SXP) Swap & Rebranding Plan Support (May 2023)
- BNB Smart Chain Network Upgrade & Hard Fork Support (June 2023)
- Tron Network Upgrade Support (July 2023)
- QUICK Token Swap and Redenomination Support (July 2023)
- BEP20 Network Upgrade & Hard Fork Support (August 2023)
- Travala.com (AVA) Contract Swap and Rebranding Support (September 2023)
- Merit Circle (MC) Token Swap, Redenomination, and Rebranding Support (November 2023)
- TomoChain (TOMO) Rebranding to Viction (VIC) Support (November 2023)
At WazirX, the security and safety of user funds are non-negotiable. In January 2023, we took a significant stride by releasing our Proof of Reserves. Wallet addresses, exchange details, and an independent Proof Of Reserves report were made public, reinforcing our commitment to transparency. Coin Gabbar, a platform tracking crypto assets, played a crucial role in disseminating this vital information. View WazirX’s POR details here.
Dynamic Transparency Reports
Pioneering Web3 Innovation
WazirX proudly contributed to shaping Haryana’s Emerging Technology Policy alongside the Bharat Web3 Association, ushering in a new era for Web3 and blockchain technologies in India.
In August 2023, Team WazirX actively engaged in a collaborative session with the Department of Consumer Affairs, emphasizing the intricacies of Web3, consumer protection, and fostering awareness of NFTs and stablecoins.
In an effort to comprehend the dynamic regulatory landscape of the Web3 ecosystem, WazirX hosted a Twitter Spaces session in October 2023. Esteemed speakers Muthuswamy Iyer, Jaideep Reddy, and Manhar Garegrat shared profound insights during this enlightening discussion.
Training for Impact
WazirX conducted specialized Cryptocurrency Investigation training for law enforcement agencies, including sessions with the Assam Police, Lucknow Police, Odisha Vigilance Academy, and NIA Delhi, providing practical tools for effective blockchain tracking.
Global Thought Leadership
WazirX remained at the forefront of global engagement, contributing insights at prestigious events like the G20 India Conference while actively fostering awareness through workshops on Web3. Team WazirX had the privilege of contributing to an insightful training session organized by RBI and the BIS’s Financial Stability Institute in Switzerland. Also, WazirX had the honor of participating in the International Startup Summit, the grandest assembly of C-level executives from the global startup ecosystem.
Youth Empowerment at IIT Bombay
Collaborating with TaxNodes and GoSats, WazirX empowered the youth at IIT Bombay’s Techfest through a focused workshop on Crypto Trading, shaping the minds of future crypto enthusiasts and industry leaders in December 2023.
Festival of Listings – WazirX Listing Mela:
May 2023 witnessed the grand announcement of the ‘WazirX Listing Mela,’ a celebration of new beginnings and exciting opportunities.
In a groundbreaking move, WazirX partnered with TaxNodes to simplify tax computation and filing for virtual digital assets in India. This partnership aimed to provide users with accurate tax calculations and keep them informed about developments in the virtual digital asset industry. Read more about this partnership here.
Since August 2023, GoSats and WazirX joined forces to provide users with incredible offers. Purchasing the GoSats Elite Card through a referral link unlocked benefits, including Bitcoin worth Rs.100, a Times Prime Subscription, and unbeatable deals worth ₹10,000.
Learn, Earn, and Beyond
GoSats Gala: February witnessed a pioneering collaboration with GoSats for a “Learn & Earn” campaign. Users could earn rewards by simply reading a blog and answering ten simple questions.
FLOKI Adventure: The FLOKI Learn & Earn Campaign in March, in partnership with Team Floki, added an exciting trading element, allowing users to win rewards worth $5000.
TaxNodes Quest: A quest for knowledge in a series of contests rewarded users with free services, discounts, and Amazon vouchers.
TOKEN Exploration: A collaborative “Learn and Earn” campaign with TOKEN in November 2023 blended education and rewards, allowing participants to win 150 $TOKEN.
Highest Trader Kaun Marathons
WazirX orchestrated multiple “Highest Trader Kaun” trading marathons, partnering with FLOKI, BRISE, LOVELY, and TOKEN. These competitions featured substantial prize pools, encouraging spirited competition within the crypto community.
Republic Day Extravaganza
Republic Day became a celebration of crypto excellence as we treated 74 fortunate users to a prize pool worth Rs 1,00,000 in WRX tokens. A testament to our commitment to democratizing crypto benefits among the community!
WazirX Birthday Bash
As WazirX marked its 5th birthday, we celebrated by enabling “ZERO trading fees” in both USDT and INR markets for the WRX token from March 06, 2023, to March 08, 2023. Simultaneously, a Twitter contest was announced on March 08, 2023, with a giveaway of ₹55,555 worth of WRX to 25 lucky participants who uniquely wished us.
Women in Crypto Insights
Around Women’s Day 2023, we delved into the nuanced world of women’s crypto investment behavior, unraveling data across age groups and portfolio strengths. Read more here.
Amidst the serious business, meme contests like the BOB Meme Contest in June 2023 and the LOVELY Meme Contest in August 2023 added a touch of humor and creativity to the WazirX community.
Bitcoin Whitepaper Day
To celebrate Bitcoin Whitepaper Day, WazirX organized a quiz, rewarding champions with GoSats Elite Cards worth ₹999. A Twitter Spaces session featuring Pareen Lathia simplified the complexities of the Bitcoin Whitepaper, fostering understanding among enthusiasts.
Cricket World Cup Giveaways
In the spirit of the Cricket World Cup, WazirX hosted thrilling #CricketWorldCup2023 Giveaways, showering lucky winners with generous Millions of $BRISE each.
On November 12, 2023, from 6 PM to 8 PM IST, we hosted Muhurat Trading, offering users a unique opportunity to trade in all markets (INR/USDT/WRX) at ZERO fees, fostering an environment of celebration and trading merriment.
Between November 8 and November 12, 2023, WazirX curated a festive Diwali campaign. Users were invited to register on WazirX, where the opportunity to win coveted prizes as Diwali Shagun, including an iPhone, awaited them. Additionally, users who gifted using WazirX gift cards via the app had the chance to win the GoSats Elite Card worth Rs 999 with a preloaded balance of Rs 250.
As we conclude this comprehensive journey through 2023, WazirX stands as a beacon of trust, innovation, and community engagement in the ever-evolving crypto space. Here’s to a year of growth, resilience, and pioneering strides. As we look forward to the next chapter, WazirX remains committed to shaping the future of finance with you. Cheers to a Crypto Odyssey! 🚀✨