WazirX (WRX) price, marketcap, chart, and fundamentals info A complete overview of the WRX cryptocurrency

By Vinh Vo | Coins & Tokens

WazirX (WRX)

Today, let's learn about WazirX (WRX), a coin built on the Binance Chain ecosystem and also recently IEO on Binance Launchpad.

In this article, we will learn about 3 main parts:

  • What is WazirX, what are the project's ideas and products?
  • Related information about the main token of the project (WRX) that we invest in?
  • Finally, we will combine the above factors to review an overview to see if WRX Token is worth investing or not?

WazirX is a centralized exchange for cryptocurrencies. WazirX was established in March, 2018, the exchange focuses on the Indian market - one of the countries with a population of 1.3 billion people.

WazirX (WRX) conducted an IEO on Binance Launchpad on 2/2020 and raised $ 2M.

WazirX's vision is to become one of the leading exchanges in the Indian market, providing people with the best Cryptocurrency related products and services.

What problem does WazirX (WRX) solve?

The main problem that WazirX (WRX) poses is "the barrier to entry into Crypto Space is very large in poor and developing countries".

Citizens in poor and developing countries are facing regulatory uncertainty, banking delays, and problems in buying and selling cryptocurrencies using Fiat.

A few of the major and still existing problems in trading cryptocurrencies and fiat are:

  • High fees: High deposit fees, Cryptocurrency and fiat withdrawal fees.
  • Slow processing time: 2-5 days to process a withdrawal.
  • Safety and Security: Cryptocurrency and Fiat storage is not safe.

What is the solution of WazirX (WRX)?

The solution that WazirX offers is to build a Cryptocurrency exchange aimed at a specialized market, India, a developing country with a population of 1.3 billion people.

With WazirX exchange, users can easily and quickly deposit / withdraw Cryptocurrency and Fiat in and out of USDT in the same manner as Indian Rupee (INR), as well as securely store their digital assets. in WazirX wallet.

Some highlights of WazirX floor:

  • Instant and automatic matching
  • Low fee
  • 24x7 operation
  • Strong support for P2P arrays
  • Does not store Fiat

What is WRX Token?

WRX Token is a utility token in WazirX ecosystem, WRX Token is Build on Binance Chain.

Use cases of WRX in the WazirX ecosystem include:

  • Trading Fee Discount: For WazirX users, you can use WRX to reduce transaction fees, this program will run for 4 years in the following way, Y1 50% trading fee discount, Y2 25% trading fee discount, Y3: 12.5% trading fee discount, Y4: 6.25% trading fee discount.
  • Mining WRX: Users will be able to mine, unlock, and earn WRX tokens by performing P2P transactions.
  • Listing Fee: There may be a fee for token listing on WazirX and WRX Token can be used for payment.
  • Voting Power: WRX Token holders will also have the right to vote on future WazirX listing and features issues.
  • Token Burning: Every quarter, WazirX will burn WRX tokens based on transaction volume on our cryptocurrency platform until we destroy 10% of WRX.

If you pay attention, WRX's Token Model is built similar to the Token Models of the major centralized crypto exchanges such as Binance, Houbi, Okex. So in the future, there may be more Incentive Holders for WRX Holders such as Margin, Future, ...

Some basic information about WRX Token

  • Token Name: WRX
  • Ticker: WRX
  • Blockchain: Binance Chain
  • Contract: bnb19cvhgyrxmkw30hlqs9c5lp966drjzyylytl74z
  • Token type: Utility
  • Token Standard: BEP2
  • Total Supply: 999,166,667 WRX (Aug, 2020)
  • Circulating Supply: 229,213,790 WRX (Aug, 2020)

Because WazirX has Burn Token WRX, Total Supply does not have the correct number on platforms such as Coingecko or Coinmarketcap.

Token Allocation WRX

  • Foundation: 30% of total supply.
  • Product & Marketing: Account for 20% of the total supply.
  • Partnership & Ecosystem: Account for 20% of total supply.
  • WRX Airdrop: War 11.1% of total supply.
  • Launchpad Sale: Accounted for 10% of total supply.
  • Private Sale: Account for 5% of the total supply.
  • WRX Trade Mining: Accounted for 3.9% of the total supply.

Token sale WRX

WRX Token does IEO above Binance Launchpad on Feb, 2020, selling a total of 100,000,000 WRX with 1 WRX = $ 0.02.

For detailed information about WRX Token's Private Sale, the team did not discuss it.

Token Release Schedule

Every month, there are WRX unlocked, but the number is not much less than 1%. The next lot of token unlocking will be mar, 2021 is estimated to increase by around 10% of the total circulating supply.

How to earn WRX token?

You can easily buy WRX on exchanges that support this token trading.

Some exchanges support WRX trading and WRX copper related products: Binance, FTX, and Poloniex, WazirX.

Brothers can refer to details at click here.

WRX token storage wallet

WRX is a BEP2 token so you can store it on Binance Chain's wallets that support this standard like a wallet. Trust wallet.

Also can be stored on Binance wallet and WRX trading platforms.

Future, Coin98 Wallet will support BEP2 standard, at which point you can securely store WRX on Coin98 Wallet.

WRX Token rate today

The future of WRX Token

Currently there are quite a few large and well-known exchanges in the market, such giant ecosystems as Binance, Huobi, OKex, FTX.

WazirX is a fledgling platform, inferior to the above platforms. So the idea of ​​an exchange ecosystem to be built and developed centrally for a local market is a very good move for WazirX.

Basically because they are native, they understand who their target audience is Insight and develop products to solve that problem.

This is even more amazing when India is a developing country with the largest population in the world, the development space for WazirX is huge.

Considering from the perspective of being an Investor in the WRX Token (just a Token Holder), you can see that WRX's Model Token is designed with BNB. This is not new, the CEX exchanges with tokens are all set in the same way. They tied Token Holder's Incentive to the development of the exchange's ecosystem, and WazirX does the same.

So the future of WRX coin is highly dependent on the development of the WazirX ecosystem similar to BNB and the Binance ecosystem.

Should invest in WRX Token

To assist you in answering this question, I will list some prominent Keywords of the WazirX (WRX) project:

Ideas and products

The main idea of ​​WazirX I have presented above (the future part of WRX Token).

You also know that India is a country that is not very fond of Crypto and has a lot of problems related to the payments from Fiat - Crypto. Understanding this problem, one of WazirX's USPs is a P2P array, the message they convey is very clear:

“Buy & sell Bitcoin instantly with your bank account

Zero fees, 100% safe, world's first auto-matching P2P engine

WazirX P2P is here to make Fiat <> Crypto conversion cheaper, faster & simpler for everyone! ”.

WazirX's current products are:

  • CEX WazirX exchange: Spot Trading, supports more than 80 trading pairs with BTC, USDT and INR (Indian Rupee).
  • P2P: Transactions from Fiat - Crypto.
  • Smart Token Fund (STF): A form of fund certificate investment, experienced Investor will develop their crypto portfolio on WazirX. Brothers can refer to click here.


Basically Founders and Co-founders are indigenous people, they have the advantage of understanding what the potential customers are targeting.

One of the most prominent people is Nischal Shetty: Founder, CEO at WazirX. Also founded Crowdfire after an all-night founded coding session. Forbes 30 under 30.


From the perspective of being a Token Holder and looking at the design of the use of the WRX Token, the design "Trading Fee Discount", "Token Burn", "Voting Power" will be Buy Demand because it increases the demand for buying and hoarding. WRX.

As for "Token Burn", it will reduce the WRX circulation in the market, so it can be considered a Buy Demand for WRX.

WazirX's 6-month token payment schedule is a strong SELL Demand for WRX Token, somewhere between 5-7% of Total Supply per payment.

The remaining use cases do not have an obvious impact on Buy or Sell Demand.

M & A

In addition, there is a news that I think this might be one of the interesting information that is the M&A news of Binance and WazirX.

WazirX was acquired by Binance on Nov 21, 2019. You can refer to click here.

Of course this information is not made public. You pay attention to the Timeline of M&A and WRX IEO time will find it a little appropriate.

As can be seen with the support from Binance, WazirX will be able to leverage and expand its P2P advantage to more countries and solve the problem of cryptocurrency conversion for users.

Compare with competitors

Below is a cap comparison table of major CEX tokens:

Among the above CEX exchanges, the WRX market cap is the lowest with about 30m $ Cap.

In addition, you can refer to Mr. Falcon 11's analysis of WRX on Coin98 Trading Desk to better understand this project.


Hopefully my last article has helped you to have a better overview of the WazirX project as well as the WRX coin.

And you guys, what do you think about the token after reading this article? Please share your opinion in the comment section or inside Group telegram.

I'm Vinh, and see you guys in the following articles!

Vinh Vo

The crypto market is still very young, risky, but opportunities are not lacking, spending time focusing on research will help us to reduce risks significantly and increase the probability of finding investment deals with high ROI. .