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What is the issuance amount of WazirX (WRX) coins?
The total issuance amount of WazirX (WRX) coins is 1 billion, with 50% sold in a public token sale, 20% allocated for ecosystem development, and 15% each for team allocation and marketing.
Dec 01, 2024 at 07:46 pm
What is the Issuance Amount of WazirX (WRX) Coins?
WazirX (WRX) is a cryptocurrency exchange token issued by the Indian cryptocurrency exchange WazirX. It is an ERC-20 token built on the Ethereum blockchain. WRX was launched in 2019 and has since become a popular token for trading on WazirX.
Issuance Amount of WRX Coins
The total issuance amount of WRX coins is 1 billion. Out of this, 500 million WRX were sold in a public token sale in 2019, while the remaining 500 million WRX were allocated for ecosystem development, team allocation, and marketing.
Distribution of WRX Coins
The distribution of WRX coins is as follows:
- Public token sale: 50% (500 million WRX)
- Ecosystem development: 20% (200 million WRX)
- Team allocation: 15% (150 million WRX)
- Marketing: 15% (150 million WRX)
Use Cases of WRX Coins
WRX coins have a variety of use cases within the WazirX ecosystem, including:
- Trading fee discounts: WRX holders can use their WRX coins to pay for trading fees on WazirX,享受交易费折扣。
- Staking rewards: WRX holders can stake their WRX coins to earn rewards.
- Governance rights: WRX holders have governance rights and can vote on decisions that affect the WazirX platform.
- Access to exclusive features: WRX holders have access to exclusive features on WazirX, such as early access to new features and token sales.
WRX Tokenomics
The tokenomics of WRX are designed to encourage long-term holding and use of the token within the WazirX ecosystem. The token has a limited supply of 1 billion coins, and the team has committed to not issuing any new WRX coins in the future.
Conclusion
WRX is a popular cryptocurrency exchange token with a variety of use cases within the WazirX ecosystem. The token's issuance amount is 1 billion coins, and its tokenomics are designed to encourage long-term holding and use.
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