All You Need to Know About WazirX's WRX Token

WRX is the Indian virtual currency launched by WazirX, a cryptocurrency exchange that enables you to buy, sell and trade digital assets, i.e. BTC, ETH, XRP, etc. in India.

WazirX is known for proffering a dynamic yet straightforward interface with real-time WRX to INR price updating, charting, deposits, withdrawals and trade history allowing you to trade as well as invest in some of the best performing digital assets in the world.

WRX is the utility token of WazirX based on the Binance Blockchain.

The native WazirX token has played a crucial role in driving user growth as well as community engagement on the WazirX Platform. It is available to the community through trade mining and signups.

Well, that’s just the tip of the iceberg. There’s a whole lot of things that you need to know about WazirX’s WRX token. Let’s quickly get started!

Why Choose WazirX Tokens?

Well, there are a host of advantages (among many) that the token comes along. A few of them are discussed below.

1. WazirX: India’s Fastest-Growing Crypto Exchange

The most interesting thing about WazirX Coin is that it belongs to an exchange launched in 2018, WazirX, which is India’s largest and fastest-growing cryptocurrency exchange with more than 5,00,000 app downloads having an average app rating of 4.1.

At the time of writing, WazirX price is $0.078275 with a 24-hour trading volume of $1,897,659. WazirX is up 6.04% in the last 24 hours.

The current CoinMarketCap ranking of the WazirX coin is 405, with a market cap of $1,897,659. It has a circulating supply of 233,817,289 WRX coins.

2. WazirX Going Global

On top of all, the well-known cryptocurrency exchange was acquired by Binance in November 2019. That’s how the WRX Coin ended up getting listed on Binance and bridging the global fiat-crypto gap.

Not only this, the most-awaited features, Staking, has arrived on WazirX, allowing you to stake your favourite tokens and earn rewards.

3. WRX: A Well-Kept Digital Asset

Now this digital asset, WRX Coin, was launched by WazirX Company in the market for open trade. As mentioned by the company itself, there will be a maximum of 1 Billion WazirX Coins ever created. Over the period of time, we can expect the value, utility as well as the liquidity of the WazirX tokens to increase significantly.

By owning WRX Tokens through the WazirX signup and referral program, you become one of the early holders of the coin. We anticipate that you should receive rewards with the rising utility as well as the demand of the coin.

4. WRX Coin Now On Ethereum Blockchain

Yes, now WRX Coin is available on Ethereum Blockchain.

Indeed, Binance’s Project Token Canal has been an amazing initiative that helps everyone transfer tokens from various blockchains to Binance Smart Chain and vice versa. Now, it has added the support for Ethereum network allowing users to convert BEP2 tokens to ERC20 tokens.

WazirX’s WRX Coin is a part of the first batch of BTokens, i.e., ERC20 tokens created through Binance Token Canal. This has enabled users to transfer WRX to any ERC20 address using Binance.

Best Coin to Invest in India

With all the crucial facts discussed above, we can say that WRX Coin has a bright and volatile future ahead.

Now, volatility is great since this is what allows us to make a bigger profit. Besides, the WazirX Token is based on Binance chain with future use cases which include, paying for margin fees, WRX trade mining, trading fee discounts, to name a few.

On top of all, the WazirX coin is claimed of forming the backbone of the entire WazirX ecosystem.