Bitcoin Forum

INTRODUCING WRX!

Just like Bitcoin and other cryptocurrencies today, WRX is a token created by WazirX. There will be a maximum of 1 Billion WRX coins ever created.

WRX, a utility token backed by WazirX, forms the backbone of WazirX ecosystem. We launched WRX tokens to involve our community in helping us build out WazirX, and reward them accordingly for contributing to our success. This helps us stay true to the ethos of cryptocurrency and blockchain - to share the rewards of WazirX's success with our early adopters and supporters.

Read our whitepaper: https://download.wazirx.com/wrx/wrx-whitepaper.pdf (https://download.wazirx.com/wrx/wrx-whitepaper.pdf)

Binance Acquires India’s Leading Digital Asset Platform WazirX to Launch Multiple Fiat-to-Crypto Gateways
https://www.binance.com/en/blog/404105749895733248/Binance-Acquires-Indias-Leading-Digital-Asset-Platform-WazirX-to-Launch-Multiple-FiattoCrypto-Gateways (https://www.binance.com/en/blog/404105749895733248/Binance-Acquires-Indias-Leading-Digital-Asset-Platform-WazirX-to-Launch-Multiple-FiattoCrypto-Gateways)

F.A.Q. WRX Token https://support.wazirx.com/hc/en-us/sections/360000344233 (https://support.wazirx.com/hc/en-us/sections/360000344233)

thanks for zimple explanations about wazirx my friend
i think if the market continues growing, the price of wazirx could be doubled mate

It should not only double but it may even triple or even more. Wazir operated in india and we know that india has a lot of potentials to bring massive demand to the crypto. Wazir has a big chance to be the next major exchange site for cryptocurrency.

Holy shit so Binance acquired Wazir I had no idea. So now when I use WazirX I am basically using BNB in a long roundabout way.

Happy with Binance services if I'm honest but really not happy at the monopolization that seems to be taking place. Not going to ever advice people to go big on either token. Supermarket loyalty points remember.

With a domestic population of 1.3 billion, WazirX would be a potential competitor of Binance if it wasn't be accquired. That said, WRX is always a shadow of BNB and hence I don't find any meaning of this thread.

I also started to be scared of Binance's power and influence. First, they bought Coinmarketcap, then helped Justin Sun to buy Steemit. Now this WazirX acquisition. Binance is proving that it's superior than the rest. The cryptocurrency market needs a same sized company to maintain motivation and fairness. It's similar to ARM vs x86 (x64), AMD vs Intel, Samsung vs Apple... I was expecting too much on the Japanese unicorn Liquid (https://www.liquid.com/) but their progression was really slow. Now my aattention turns to Bithumb, a Korean exchange. Huobi is also a good candidate but it's just another Chinese company.

Useful information, it looks like WazirX will start reaching new peaks or new achievements because they have worked with the Cartesi blockchain game project. Right on June 01 tomorrow the event will start. I'm sure it will be as crowded as the Cartesi event at Binance  8)

This is not really a recent news, which happened months ago and there is also a little hype created but not much as expected so there is only a small bump.I don't think it will be a potential coin like BNB but still a good investment for midterm.

No need to do too much analysis with this project. Obviously they are a good project and very potential, when the bull market runs, I believe its price will increase at least 3-5 times compared to the present. In addition, the projects invested by Binance have very good hype so invest in it if possible

I am seeing lots of people these days talking about WRX but its price is doing simply against the prices of BTC. Not sure, what it will do when BTC will break the super resistance level around $10k and will be having a new ATH. I have already started watching it.

That sound like too early speculation. Probably you not count the population of India and possible customers from India to wazirx. Also, I guess wazirx may serve international traders for crypto-only trading. By considering the potential of wazirx it may copy bnb at least in 20% of growth as bnb is having 2 real world applications (one is for gas for tokens and another one is for discount in fees) whereas wrx may serve people only for enjoying 50% discount in trading fees.

The news you gave is old news. Everyone knows this news. WRX is an Indian project and this project has created a hype among traders. The main reason is that Binance has invested in this project. And we saw after the listing, how the pumps and dumps were. Yes the project has potential, crypto is spreading rapidly in India. And WRX can benefit from it. But now I don't know how right it would be to expect anything in this situation. Let's see how WRX behaves in the future market.

You stated the answer below, since another exchange is acquired by binance and they have an utility token and with the money power they have who knows whether they will not manipulate the coin and will pump the price  :D.

Binance is having a hold of the cryptocurrency market and diversifying on different markets and they might purchase some media sites in the future to market their tokens as well, who knows how well this will go but they are aggressive in these acquisitions.

I think that Binance knows what it’s doing and it’s not for nothing that I bought them.

Even if the population of India is too huge, their crypto community is very very less and there maybe some people holding coins like bitcoin in millions to hide their wealth from paying taxes to governments but coin like bnb or WRX are mainly usable for traders so they have very less to grow a coin like BNB.

WazirX is good exchange and it has maintained a good reputation and that's why they had come up with a wazirx coin. It would seem good to make investments. As well Binance has done a collaboration with wazirx and now they both work together. If Binance had collaborating with wazirx means they high potential in their further growth. That is why it would be great opportunity for us to go with wazirx.

AFAIK, Binance completely acquired Wazirx exchange still they are not getting enough attention as we thing because the reason is people choose the binance over their other exchange.

New blog: http://blog.wazirx.com

It has industry-leading thoughts, educative articles, news, and contests!

Another airdrop on the way for $WRX holders ⚡️
We'll be distributing $5,000 worth $CTSI tokens among top 500 $WRX holders on WazirX on Tuesday, 23rd June 2020.

I'm positive about WRX, it's the biggest exchange from India and that country has large population, I know wazirx accepts users from all part of the world but the token will easily doubled in value soon, if the market development continues the token will become big

this is what some exchanges must do if they want to develop and get their markets to become stronger. WRX is doing well, maximizing projects that work together and are listed on their exchanges to increase their trade. this is a good strategy, maybe wazirx will be a binance companion.

https://blog.wazirx.com/1st-quarter-wrx-burn-event/ (https://blog.wazirx.com/1st-quarter-wrx-burn-event/)

We have big news! WRX is listed on Poloniex ;)

What was the total amount they burned during their first quarter after listing, because Binance exchange is also doing the same thing, they will burn the coin on the quarterly manner and it will help the Binance coin to increase the price more than 40$ at one stage. In the same way, the WRX is following the same model.

Since this platform has been acquired by Binance it has a bright future and it is already doing well now. Binance is really a huge contributor to the crypto community right now and I guess it will continue. This project is based on India, There are some rumors that India will ban cryptocurrency again  after recently unbanning it I don't know if it's real but I hope not It will really affect this project for sure.

WRX tokens are among the new projects that we should pay attention to, because I am sure WRX will become a potential token in the future.
Besides WRX are on the Binance blockchain, WazirX is a developer WRX token which is a local exchange of the Indian state. By knowing these
2 things it should be has convinced us that WRX tokens are very profitable for long-term investment. Although the price of all time high
WRX is at $ 0.22 but I'm sure next year WRX can reach $ 1.

WazirX became popular immediately been acquired by Binance teams, now has a good market capitalisation and listed on several good exchange now under the influence of Binance. What's really the aim of binance in acquiring crypto companies.

although the platform is not much different from binance. but this has a good aim to get more crypto traders and investors. New and fresh projects will surely attract new investors. this is what binance does. they hope that more crypto adoption will occur in the market with the arrival of new people.

The first WRX burn is all set to happen on Sunday, 5th July 2020.

does that mean WRX will be like the BNB doing inventory reductions every quarter? good maintenance for the community and investors. their market will be good when regular updates are done continuously.

Now you can move USDT, BTC, BNB & WRX between your WazirX & Binance wallets instantly for ZERO FEE.

I haven’t seen enough promotion regarding these project, likes they didn’t conducted bounty campaign. But WazriX is big project which introduced through Binance. It’s too much earlier who's considering a competitor between WRX and BNB. This exchange are improving very speedy almost 100+ cryptocurrencies are added in this exchange.                       

It should be the main target that has already promised by the developers. wazir was using the profit that has been getting from its own exchange service to do a regular burn for the token.
It will be the same as binance and more volume means more profit to burn the token.

the same concept as binance was indeed developed by wazirx. I think in the future this exchange will be even bigger because some events will continue to be carried out by collaborating with other projects.

Announcing WazirX Warriors Program
https://blog.wazirx.com/warriors/ (https://blog.wazirx.com/warriors/)

WRX has been trading within the range of $0.12-0.15 for more than 3 months, I think that after leaving the range we will be able to see the price of $0.5 and market cap of $100 kk.

WRX at the beginning of the launch, the price is always pumped in Binance but now the price increase is not too significant, does anyone know why?

Because the hype that was created after the listing is no more. Because we all know what happens when a coin suddenly creates extra hype. No one knows how much their token price will be in the market. The main reason is that the hype is over now. WRX hasn't been on the market for a long time, give them time to develop. Although their platform is already popular in India.

I am confident in the potential of WRX, even though the hype is over. Not that the WRX will not pump anymore, if you see the WRX price is now
at the price of $ 0.13 shows a decrease in the price of WRX not so far from the price of all time high which is at $ 0.22. Therefore I am very
sure WRX will rise again soon, we just need to be patient. At least according to my predictions the end of this year WRX was able to return to
prices all time high.

Woohoo! Binance has enabled WRX trading with isolated margin

@ScamViruS, WRX is popular ever since Binance acquired the exchange site and when they implemented a $50 Million USD Blockchain for Indias fund which more than enough for 5 new exchange project to launch and execute everything about their project. However, there are always something that will specify the trend of coins in the market.
1) crypto market is in high manipulated stage and we shouldnt expect much from every crypto than to seize every opportunity that raise.
2) Exchange crypto are use to fuel exchange activities and the level of activities done on exchange site will determine it price. Mind you most traders now trade once in awhile.
3) Coin burning that influence the price of the market anymore and if it going to influence the price of the coin the total supply wont be much but thats not the case of WRX it total supply is still huge.

The Wazir project is one of the most successful in the cryptocurrency market. Moreover, the development team has very ambitious plans aimed at attracting a large number of users to the blockchain industry, while mentioning a large number of countries to which their interests extend. it is surprising to look at the fact that this project is being implemented in India, where the government's attitude towards cryptocurrency is ambiguous.

What do you think WazirX will have a bright future? You say WazirX is popular in India, you know India is one of the most populous countries. Will it affect WazirX in the future?

I believe they will become one of the leading exchanges in India in the near future. And just as you say, India is a populous country and has a lot of cryptocurrency supporters, which is an opportunity to help this exchange grow.

Agree with you, India is one of the popular country which their country people are showing lots of interest towards the cryptocurrency and that's why Wazrix got some popularity after conducting IEO in Binance exchange, definitely this coin is very good to hold in the long term.

Exchange coins have a very important connection to the condition of their platforms. being a big exchange platform in their country and getting support by working with big platforms like binance is a very good strategy. whether they do IEO on Binance or not. but as far as I know, it never happened.

I think right now localbitcoins is the leading exchange in India. Because it is more convenient in all the members. I see the white paper of this project it is really awesome to reach in India. The current economy is totally dropped so many peoples are not active in all the countries so future will get back again and crypto will rock on further years. But right now top projects only move on the top regions so we must wait and see the future growth of WRX.

True, Just waiting for the time WazirX will have a real impact especially for Indians, only for the moment WazirX will continue to grow and become big Exchange. Do you also invest in WazirX?

wazirx is a real project that developed their platform very well. we see a lot of development going on, a lot of collaboration going on. many events are also held to attract traders. This is interesting, where they can compete with the exchange platforms that are already on the market.

Yes, in addition WazirX's partnership with Binance makes me believe that the exchange platform is getting better and is a consideration for investment.

one thing that is a weakness is, WazirX is still in the form of a token,
I prefer and be confident if WRX is a coin, hope there is a swap in the future

it looks like it will be created in the future. they can develop and manage their networks. let's see in the future when they've become big like binance.

I do agree with this because after making a partnership with Binance it would be a good advantage for Wazirx to gain a great number of investors towards the platform. Because everyone knows about Binance and that's the plus point for Wazirx. Due to Binance involvement matters most to gain a customer base.

You are right, we can buy the WRX coin at the current price, but my opinion is Bitcoin price is slowly increasing and this makes we should wait some more time because if the price of Bitcoin is increasing automatically the price of WRX will decrease. We might grab more coins in the down trend.

I think bitcoin will soon return to 9000

At the moment the price of bitcoin is experiencing a significant increase, and I see the price of WRX can be stable and not decrease. But if you want to buy WRX, I think the right time is now too

I don't think this is the right time to buy WazirX because the price of altcoin is going down very deep. I think many investors sell their altcoin to BTC. Just wait a moment when price WazirX will increase.

you can still buy cheap WRX

It's pumping today, up 30%  :o :)

I suspect the price of this will be strongly correlated to what the latest action the RBI takes on cryptocurrencies.

Last I read, it was still illegal to use Indian fiat to buy virtual currencies. Correct me if I'm wrong.

This happened, I think because WazirX announced that they will join DeFi, this is a bit surprising, but it is good news for WRX holders I hope they are serious in developing their project, not just following the trend.

What DeFI will WazirX join? this is good news.