Review on WazirX by Fanuel PORPORTY
WRX, a project in the Binance ecosystem
WRX, a utility token supported by WazirX, developed on the Binance blockchain with a total supply of 1 billion tokens. Within the ecosystem, WRX plays a central role, WRX holders are rewarded with various advantages on the exchange platform such as reduction in trading costs, the possibility of participating in votes. WRX is used to pay the listing fees, earn interest or pay fees on margin trading. WRX tokens allow to involve the community considerably in the development of the platform.
As a reminder, the Indian exchange platform wazirX was acquired by BINANCE, this acquisition gives visibility to the WRX token, which ensures long-term growth.
Pros
- WRX token holders receive a 50% discount on trading fees.
- By performing P2P exchanges, users can earn WRX tokens
- Token holders will also have the right to vote
Cons
- Still young project
