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
- Website
- https://wazi...irx.com
- Tokenomics Source
- https://rese.../wazirx
Tokenomics
Audited
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.