WazirX Info

Discover $WRX Tokenomics, the power behind India's largest crypto exchange, WazirX. Explore its utility, token burns, and role in driving the ecosystem.

Ticker
$WRX
Listing Price
$0.02
Total Supply
1,000,000,000
Niche
  • Exchange
TGE Date
2020-02-03
Tokenomics Source
https://rese.../wazirx
Tier 1
Tokenomics
Tokenomics
Audited
Investor
Information

Tokenomics Rating

Rank
#96
Percentile
Top 14%

Category Score
78.27 out of 100
Percentile
Top 15%

Inflation

Measures the rate at which new tokens are added to the circulating supply, from yearly and monthly perspectives.

Yearly Inflation

Monthly Inflation

Category Score
77.04 out of 100
Percentile
Top 24%

Supply Shock

Measures the strength of sudden changes in token supply, impacting the market at a given period.

Monthly Unlocks

Monthly Supply Shock

Category Score
83.65 out of 100
Percentile
Top 12%

Risk of Dilution

Measures the long-term price stability of a token as new tokens are vested throughout the vesting period, evaluating the potential risk of dilution that might occur.

Risk of Dilution Rating

Token Unlock Schedule

Vesting Release Schedule

Category Score
55.06 out of 100
Percentile
Top 57%

Distribution Fairness

Measures how fairly and evenly the tokens are distributed among different stakeholders, taking into account the proportion of tokens allocated to each group.

Distribution Fairness

Allocation Distribution

Individual Allocation Scores

Community
Allocation
Insiders
Allocation
Investors
Allocation
Foundation
Allocation

Token Control (YoY)

Category Score
73.09 out of 100
Percentile
Top 20%

Supply Metrics

Measures the difference between circulating and unlocked token supplies in the vesting schedule, highlighting discrepancies that may impact token liquidity and market dynamics.

Supply in Circulation (MoM)

Circulating vs Unlocked Supply

About WazirX

WazirX, launched in 2018 as India's largest and most innovative cryptocurrency exchange, powers its ecosystem with $WRX, its native utility token. As part of the Binance group, WazirX enables a seamless trading experience for users, featuring over 80 cryptocurrencies, P2P trading, OTC services, and a unique escrow mechanism for fiat-to-crypto transactions. WRX, introduced in 2020, serves as the core of the WazirX ecosystem with a capped supply of 1 billion tokens. The WRX token offers diverse utilities that expand its role across the platform. It provides reductions in trading fees when used for transactions, supports zero fees in WRX trading pairs, and facilitates payments for advanced platform features like margin trading. Additionally, WRX tokens can be mined, unlocked through P2P trading, and earned via platform functions, including referral rewards and community engagement initiatives. Token holders actively participate in the platform’s development by voting on new coin listings and suggesting exchange enhancements. Central to its tokenomics, WazirX implements quarterly token burns based on trading volume, ensuring value retention and scarcity by targeting 10% of WRX's total supply to be permanently removed. This deflationary mechanism enhances the token's appeal to investors, while its strong integration into the platform's functionalities solidifies its market position. WazirX also promotes crypto adoption through its referral program and "WazirX Warrior" initiative, which rewards users for spreading cryptocurrency awareness. Community members access exclusive benefits such as educational resources, early product updates, and event passes, reinforcing WazirX’s commitment to crypto education. Globally accessible and listed on leading CEXs and DEXs like Binance and Kucoin, WRX tokens are an essential asset for traders and enthusiasts. For the latest price updates, historical charts, and detailed information, visit the WazirX official website. Dive into the $WRX ecosystem today and experience the boundless potential of India's premier crypto exchange.