Review on WazirX by phuong cong
The largest crypto-fiat exchange in India and backed by Binance
One of the emerging projects that has sold their own token on the # 1 platform for IEO is Binance launchpad.
It is WazirX exchange, the largest trading platform in India.
Wazix was founded with the goal of breaking down the barriers of fiat and crypto with peer to peer (P2P).
Wazix is also an exchange that Indian users use to buy crypto with IDR.
WRX is a platform token of the exchange, WRX holders will receive many incentives on transaction fees, WRX mining, margin fees ...
WRX is the 12th IEO project on Binance that has brought returns to investors with ATH of 11x and currently the wrx price is x6.5 compared to the IEO price.
Pros
- Wazix is a large exchange and has the potential to attract millions of users in India
- Wazix is backed by Binance, the world's largest trading platform, Wrx runs on the Bep2 platform, and the Wazix wallet is integrated into Binance.
- Good team with lots of experience
- Favored by the Indian government
Cons
- Wazix needs more time to lure users into its platform when the Indian government has just lifted the law banning cryptocurrencies in the country.
