WazirX 

WRX Price

What is WazirX (exchange token)?

WazirX is a digital asset trading platform based in India that offers spot trading and a peer-to-peer engine for fiat settlements. The native WRX utility token powers this ecosystem, providing holders with trading fee discounts and access to platform-specific features like trade mining.

How was the initial funding for WRX structured?

The project completed two funding rounds prior to its public launch. A private sale in January 2020 raised $900,000 at a token price of $0.018, backed by YZi Labs. This was followed by a public sale on the Binance Launchpad in February 2020, which raised $2,000,000 at $0.02 per token.

Which networks host the WRX smart contracts?

The token operates across three distinct blockchain networks. Smart contracts are deployed on Binance Smart Chain, Polygon, and Energi, allowing the asset to be transferred and verified on their respective native block explorers.

What allocations were defined in the WRX tokenomics?

The initial supply distribution reserved 30% for the Foundation, 20% for Product and Marketing, and another 20% for Partnership and Ecosystem development. The remaining tokens were divided among a WRX Airdrop (11.1%), the Binance Launchpad sale (10%), a Private Sale (5%), and Trade Mining (3.9%).

Where can investors trade the WRX token?

Market activity occurs on both centralized and decentralized venues. Spot trading is available against fiat and stablecoins on WazirX, Gate, FMFW.io, and HitBTC, while decentralized liquidity is provided through the WRX and BNB pool on PancakeSwap (v2).

When did the WRX token generation event take place?

The token generation event occurred on February 4, 2020. This initial unlock distributed tokens to the Binance Launchpad participants and the first batch of the WRX Airdrop, initiating a schedule of 63 subsequent vesting releases.