WazirX Token Sale Details On Binance Launchpad – How To Join And Buy WazirX Token (WRX)?
About WazirX (WRX)
What Is WazirX (WRX)?
WazirX is a cryptocurrency exchange with an advanced trading interface and features to buy, sell & trade cryptocurrencies. It is an exchange with a live open order book system that allows users to trade 80+ digital assets like Bitcoin, BNB, Bitcoin Cash, Litecoin, Dash & many more.
Users can deposit/withdraw cryptocurrencies and also cash in/cash out USDT via Peer-to-Peer (“P2P”) to Indian Rupees (“INR”) with ease and speed, as well as securely store their digital assets in the WazirX wallet.
WazirX’s aim is to bridge the global fiat-cryptocurrency gap with the world’s first auto-matching P2P engine – WazirX Peer-to-Peer. As of today, WazirX Peer-to-Peer is the go-to method to deposit and withdraw INR in India, and growing steadily.
WazirX’s native token, WRX, is the utility token forming the backbone of the WazirX ecosystem. The WRX token is built on Binance chain with future use cases including: trading fee discounts, WRX Trade Mining (unlock and earn WRX tokens by performing trades), paying for margin fees, and more.
Key Features And Highlights
WazirX P2P: With the world’s first auto-matching P2P engine, WazirX P2P is the next generation P2P system that has simplified the process of depositing and withdrawing fiat tremendously. WazirX P2P is the go-to method for depositing and withdrawing INR (fiat) for 1 Billion people of India. After tremendous success in India, WazirX plans to solve the fiat <> cryptocurrency conversion problem globally for many more countries.
Smart Token Fund (“STF”): The STF aims to involve enthusiasts who do not have time to tradet and/or do not know which token to trade or how to trade into crypto. It is a simplified community-driven initiative where cryptocurrency enthusiasts can find expert traders to help them grow their cryptocurrency portfolio on WazirX.
Trading Platform: WazirX crypto-to-crypto markets with 80+ cryptocurrencies are available for everyone globally and can be accessed via the Android, iOS, Web, Mac and Windows platforms.
Nischal Shetty: Founded Crowdfire after an all-night coding session. Blockchain influencer on Twitter (Follow him) with over 50K followers. Forbes 30 under 30. He’s on a mission to involve everyone in the blockchain revolution.
Sameer Mhatre: Ex-Network 18. Co-founder of Crowdfire. Oversees all things tech. An ace developer (full-stack) and designer wrapped into one. A huge Java and JS fan. Solves programming puzzles on TopCoder when not busy.
Siddharth Menon: Co-founded Crowdfire. Heads Product at Wazirx. Innovated the world’s first auto order matching P2P exchange and more. Believes in adoption of open and decentralised economy. (Follow him)
Global cryptocurrency exchange and blockchain ecosystem, Binance announced its acquisition of WazirX, India’s most trusted bitcoin exchange.
WazirX Token (WRX) Informations
– Token Name: WazirX (WRX)
– Ticker: WRX
– Token type: WRX will be issued as a BEP2 asset on Binance Chain.
– Total Token Supply: 1,000,000,000 WRX
– WRX Token Distribution
- Launchpad Sale tokens comprise 10.00% of the total token supply.
- Private Sale tokens comprise 5.00% of the total token supply.
- Foundation tokens comprise 30.00% of the total token supply.
- Product & Marketing tokens comprise 20.00% of the total token supply.
- Partnership & Ecosystem tokens comprise 20.00% of the total token supply.
- WRX Airdrop tokens comprise 11.10% of the total token supply.
- WRX Trade Mining tokens comprise 3.90% of the total token supply.
Learn More Informations At:
Whitepaper: Whitepaper WazirX
– Telegram group: https://t.me/wazirx
– Twitter channel: https://twitter.com/wazirxindia
– Facebook page: https://www.facebook.com/wazirx
– Medium page: https://medium.com/@wazirx
WazirX Token Sale Details
Private Sale: The Private Sale raised 0.96 MM USD at a rate of 0.018 USD / WRX for 5.00% of the total token supply.
Binance Launchpad Sale:
– Launchpad Ticket Claim Time: 2020/02/03 06:00 AM (UTC) – 2020/02/04 06:00 AM (UTC
– Launchpad Hard Cap: $2,000,000
– Total Tokens Allocated to Binance Launchpad: 100,000,000 WRX (10% of Total Token Supply)
– Public Sale Token Price: 1 WRX = $0.02 (price in BNB will be determined prior to the lottery draw date)
– Token Sale Format: Lottery
– Max Number of Winning Lottery Tickets: 10,000
– Allocation Per Winning Ticket: $200 (10,000 WRX)
– Supported Sessions: BNB only
How To Join And Buy WazirX Token?
Here’s a step-by-step guide on how to participate in WazirX Token Sale on Binance Launchpad
Step 1: Register And Verify Account On Binance Exchange: This is to ensure that token sales are being done in compliance with regulatory requirements in users’ jurisdictions.
Step 2: WazirX Token Sale Rules
The WazirX token sale will follow a lottery format, with the recording of user BNB balances already having started at 2020/01/04 00:00 AM (UTC).
To buy and hold Binance Coin (BNB): Please read tutorial at Binance Exchange Tutorial
Binance will record user BNB balances for 30 days from 2020/01/04 00:00 AM (UTC) to 2020/02/03 00:00 AM (UTC). The final BNB holding amount for each user will be determined as the average of the 30 days
An example of the average BNB holdings calculation for each user is below.
Average BNB Holdings on each Day
|30-Day Average BNB Holdings||(100 + … + 50 + … + 100）/ 30 = 83.3 BNB|
|Total Eligible Ticket(s)||1 Ticket|
Lottery Ticket Allocation:
Users will be able to claim up to a maximum of 10 lottery tickets based on their daily average BNB holdings (represented by X below) over the 30-day period leading up to the ticket claim date.
Daily Average BNB balance (X)
No. of Lottery Tickets
|50 ≤ X < 100||1|
|100 ≤ X < 150||2|
|150 ≤ X < 200||3|
|200 ≤ X < 250||4|
|250 ≤ X < 300||5|
|300 ≤ X < 350||6|
|350 ≤ X < 400||7|
|400 ≤ X < 450||8|
|450 ≤ X < 500||9|
- 2020/01/04 00:00 AM (UTC) to 2020/02/03 00:00 AM (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a 30-day period. Your final average daily BNB balance over these 30 days will determine the number of tickets that you will be able to claim.
- 2020/02/03 06:00 AM (UTC): Ticket claim will open at this time for all eligible users for a 24 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to completing the ticket claim. Please note that users will only be able to claim tickets once.
- 2020/02/04 06:00 AM (UTC): Ticket claim closes and the lottery draw begins.
- 2020/02/04 08:00 AM (UTC): Winning tickets are announced and the respective BNB will be deducted from each winning users’ accounts. Please ensure you have sufficient BNB in your spot exchange account to be deducted within 24 hours if you have a winning ticket. Please note that BNB in open orders, margin accounts, lending products, sub-accounts, futures accounts, or fiat accounts will not be eligible to be deducted.
Step 3: Buy WRX Token
– Login Your Binance account and go to the Binance Launchpad page to find the WazirX project
– Go to the WazirX project page: Each Launchpad project requires a separate Token Purchase Agreement to be signed by each use
– On 2020/02/03 06:00 AM (UTC): Ticket claim will open at this time for all eligible users for a 24 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to completing the ticket claim. Please note that users will only be able to claim tickets once.
– On 2020/02/04 08:00 AM (UTC): Winning tickets are announced and the respective BNB will be deducted from each winning users’ accounts. Please ensure you have sufficient BNB in your spot exchange account to be deducted within 24 hours if you have a winning ticket. Please note that BNB in open orders, margin accounts, lending products, sub-accounts, futures accounts, or fiat accounts will not be eligible to be deducted.
– Click on ‘Ticket Claim History’ at right top corner of page to check Your Lottery Results
– Get Your WazirX Tokens (WRX) soon: Within 15 days after the token sale ends, You will be credited with the respective tokens to Your Binance account.
– You will be able to either directly trade the WRX token on Binance Exchange or withdraw the tokens to Your personal wallet once the tokens are distributed.
* Users from the following countries or regions will not be able to participate in WazirX token sales on the Binance Launchpad platform:
Belarus, Democratic Republic of Congo, Cuba, Iraq, Iran, Mainland China, North Korea, Sudan, Syria, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands), Zimbabwe.
Risk Warning: Binance Launchpad is a high-risk investment channel. You should be sensible in Your participation and be aware of investment risks. We are not liable for Your investment gains or losses. The information we provide for You to conduct Your own research. It is not investment advice.
WazirX Token Sale Details On Binance Launchpad – How To Join And Buy WazirX Token (WRX)? – Cryptokiemtien.com