Namaste friends!
Week 1 has been amazing for WazirX!!! The response we received was overwhelming and beyond our wildest imagination. Internally, most of us had bet that in 24 hours we would get about 200 to 500 sign ups. But we were blown away to have gotten 3,700+ sign ups on Day 1!
We crossed 5,000 sign ups on Day 3 and 10,000 sign ups on Day 5. Let’s keep the momentum going and involve more Indians in this crypto revolution!
Now that we have hit 10K users, what happens to Phase 1?
Phase 1 of the give away is still on! Go go go!
We’re still giving away 500 WRX coins to everyone who signs up and submits their KYC. Remember, phase 1 is for the first 10,000 people who sign up and submit their KYC. When we looked into our data today we realized that not everyone has submitted their KYC. It would be unfair to reserve coins for accounts that have only signed up and not submitted KYC, as that makes it an incomplete sign up (Note: KYC verification is not needed to reserve WRX but you need to submit your KYC docs).
We’re going to continue the 500 WRX giveaway till the time we get 10,000 KYC submissions. You don’t need to worry about KYC approvals as those will be done before we launch our trading platform in March.
We got covered by the media and many blogs! Here are a few –
What are we going to work on this week?
We thought we would keep you updated on the stuff we would be building this week. Here are the few things that we’re picking up:
- Build a better internal KYC verification dashboard for our team so that manual KYC approvals speed up. This will help us onboard new users faster when they join us in the future. The faster someone joins WazirX and starts trading, the closer we get to our mission of bringing every Indian on to the blockchain economy.
- Start work on integrating bank transfer option. However, this integration is not instant. We’re still in talks with various banking partners to figure what we can do in order to have a smoother and faster INR deposit and withdrawal option.
- Fine tune our iOS and Android apps. We’re ahead in terms of development of our iOS and Android apps. We’ll know more about their status in terms of being ready for alpha testing by the end of this week.
- Build out trading platform website. Our web team was caught up with the pre-signup campaign. Now that the pre-signup phase is stable, they’ve started working on the trading platform. Our web trading platform is probably 2 weeks behind our mobile apps but we’re sure the web team will catch up pretty quick!
- Plan out Phase 2 of our pre signup campaign. Since we’re fast approaching 10,000 KYC submissions, we’ll be listing out what Phase 2 will be as part of the Great 150 Million WRX giveaway. Stay tuned for an announcement on this as soon as Phase 1 is completed.
That’s all we’ve got until now folks! Phase 1 is still on, go and invite your friends so that they can earn 500 WRX while it lasts! And you and your friends earn 100 WRX each when they sign up using your invite link. Help us spread the word about WazirX. Write about it, talk about it and post about it everywhere. India needs a crypto exchange that is fair and transparent and WazirX is here to make that happen.
Jai Hind!
*Above content is migrated from medium to wazirx blogDisclaimer: 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.
