What is Wirex (WXT)? All information about WXT . coin

• What is Wirex (WXT)?
• Learn about the Wirex ecosystem
• General information about the WXT . token
• Details of the WXT . token
• WXT . Token Allocation
• WXT . Token Allocation Schedule
• Functions of the WXT . token
• How to earn and own WXT token tokens
• WXT token exchange and storage wallet
• Future of Wirex project, should invest in WXT token?
• summary

What is Wirex (WXT)?

Wirex is the ultimate cryptocurrency payment solution platform with fast transaction processing speed and low cost. According to the development team, Wirex's business model will develop based on three main service groups, namely: Digital Banking, VISA Debit Card Issuance and Cryptocurrency-Fiat.

After more than 8 years of development since its launch in 2014, Wirex (WXT) has integrated over 150 different fiat currencies and cryptocurrencies into their system. At the same time, this project also thrives in 130 countries worldwide with the support of about 4.5 million customers. 

Learn about the Wirex ecosystem

The Wirex ecosystem is built to optimize operations in the traditional and digital financial space. The development team of this project believes that the future of money will be driven by three main factors, namely:

• The balance between fiat money system and digital currency
• Interaction between fiat money system and digital currency
• Impact of DeFi , Web3, Metaverse sectors on financial services.

Therefore, Wirex will focus on building products that simultaneously integrate DeFi, digital currency with banks and institutions in the traditional financial space. As regulations become clearer, innovation to market will be faster, and Wirex may offer some services specific to DeFi or traditional financial products.

General information about the WXT . token

WXT is the first utility token and native token of the Wirex platform. WXT is a token built on top of the Stellar network and used in Wirex and other blockchains . 

Details of the WXT . token

• Ticker: WXT
• Blockchain: Stellar
• Token type: Utility Token
• Total Supply: 10,000,000,000 WXT 

According to data updated on CoinMarketCap on May 27, 2022, the WXT token is trading around $0.01022, which is only about 35% of the highest price it has ever reached in April. 2021.

WXT . Token Allocation 

WXT tokens are allocated to 6 different groups with the following ratio:

• Platform Reserve: 49%
• Team: 17%
• R&D: 14%
• Partnership: 11%
• Seed/Private Round: 8%
• Public Sale: 1%

WXT . Token Allocation Schedule

Functions of the WXT . token 

As the native token of the Wirex ecosystem, WXT is used for many different purposes, which is to reduce costs and increase income.

Depending on the amount of WXT held, investors can reduce the following fees:

• In-network transaction fees
• Monthly service management fee
• Bank transfer fee
• Hosting maintenance fee
• Fees for using services of traditional financial institutions such as Credit or Debit Card.

In addition, WXT can also be used to increase income when receiving rewards from the Wirex platform. Specifically:

• Investors will receive back 0.5% - 1.5% of the value of each transaction in WXT.
• Investors have the opportunity to receive WXT tokens back in the Travel Offers program if the conditions are met.
• Developers use WXT tokens to build incentive programs to attract users.

How to earn and own WXT token tokens

You can buy WXT tokens during the early buy round that took place from June 13, 2019 to June 25, 2019 on the OKX exchange. In addition, you can also own WXT tokens by trading on the Wirex network to receive rewards.

Or more simply, you can buy WXT on exchanges that support it. To see a list of these exchanges, you can study in more detail below.

WXT token exchange and storage wallet

Currently, you can store WXT tokens on supported exchanges or directly in the project's Wirex App.

The list of exchanges that support listing of WXT tokens is detailed in the figure below.

These are: Gate.io, Huobi Global, KuCoin, OKX, Uniswap, EXMO…

Future of Wirex project, should invest in WXT token?

Surely by this point, you have been able to give yourself an answer to the question of whether to invest in WXT tokens or not. As a blockchain service, Wirex is trying to provide useful solutions to support payments in both digital and traditional financial markets. 

In addition, Wirex is supported by businesses, merchants and investors who are always looking for fast and low-cost payment solutions. Therefore, as the Wirex ecosystem grows to a larger scale, we can expect an increase in the price of the WXT token when the demand for ownership and use is greater. 

summary

Wirex is considered one of the successful IEO projects on OKX, so right after the first sale, Wirex and the WXT token received the attention of many investors. 

In this article, TraderH4 has provided basic information for you to understand what the Wirex (WXT) project is as well as learn more about the WXT token. If you are interested and want to invest in the project, you should continue to thoroughly research relevant information as well as update the latest news about the cryptocurrency market on the TraderH4 website. In addition, you can refer to the main social networking sites of the project below.

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