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Author Topic: WazirX Founder & Co-founder have moved out of India?  (Read 472 times)
pakhitheboss (OP)
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August 15, 2022, 09:28:49 AM
 #21

Are you sure that's the coin name ? I tried to search the coin with that name but was unable to find it on coingecko and wazirx.
Besides that, what does your investment has to do with wazirx. I mean if the coin is crashing that's not the exchange's fault.
It is mostly because of less demand unless and until that coin is only available on wazirx.
How do you say there is no relationship between the coin and the exchange, the WazirX (WRX) coin was founded by the exchange team, so if the exchange is in trouble like what is happening now of course investors and exchange users will withdraw from trading and investing.

Yesterday I invested or more clearly bought a coin (WRX) worth $0.8, now it has dropped to $0.2, who doesn't have a headache, hoping to make a profit instead of stumbling.
There are a lot of reason why the price of WRX coin has gone down. You cannot exactly point out that it is happend because WazirX as an exchange is facing problem. You also need to consider the present market conditions. WRX is not only being traded on WazirX but also on Binance. In one way or the other you can call it another token of Binance. Continue to hold and you will see the price going up when market pump a little bit.

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pawanjain
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August 15, 2022, 01:18:05 PM
 #22

Are you sure that's the coin name ? I tried to search the coin with that name but was unable to find it on coingecko and wazirx.
Besides that, what does your investment has to do with wazirx. I mean if the coin is crashing that's not the exchange's fault.
It is mostly because of less demand unless and until that coin is only available on wazirx.
How do you say there is no relationship between the coin and the exchange, the WazirX (WRX) coin was founded by the exchange team, so if the exchange is in trouble like what is happening now of course investors and exchange users will withdraw from trading and investing.

Yesterday I invested or more clearly bought a coin (WRX) worth $0.8, now it has dropped to $0.2, who doesn't have a headache, hoping to make a profit instead of stumbling.

Again, something that is misleading, WRX didn't drop from $0.8 to $0.2 overnight. It took around 4 months for it to drop to the current price.
Now that's enough time for someone to sell their coins and buy them back. That's not wazirx exchange's fault that the market conditions were bad.
Almost all the coins have been dumped in the last 4 months and that is not because of any particular exchange.

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zcbook
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August 16, 2022, 11:26:44 AM
 #23

I am following him from long time, i guess whatever he do is for better crypto environments and even if he decides to shift into dubai, i guess it is due to the formalities which the new policies might need to do, new crypto policies sucks, still i am hoping it will change in future
pawanjain
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August 20, 2022, 01:53:10 PM
 #24

Lately I have noticed that there is no deposit option on WazirX anymore. The only way we can deposit is via the P2P deposit.
Also, I have got a notification(don't remember whether it was from binance or wazirx) to move all my funds to binance to keep my funds safe since wazirx is being investigated for a fraud.

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Shaha98
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September 18, 2022, 06:14:46 AM
 #25

Founder of India's largest crypto exchange Nischal Shetty and co-founder Siddharth Menon are very popular people. Check out his twitter and check out his events and duets to see how experienced and knowledgeable he is in the performance forum came.




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