Review on WazirX by Temitope Babatunde
What You Can Gain By Holding WRX.
WRX is a native token of an Indian crypto exchange called Wazirx. The exchange is formost crypto exchange in India and the CEO is Nischel Shetty. Binance acquired wazirx in November 2019 which makes the platform to gain more popularity.
At ICO the price of WRX is $0.02, but presently the price has grown to $0.13. WRX is bep2 token built on Binance chain, the maximum supply that can ever exist is 100,000,000, the current circulating supply is 190m.
The aim of the team of wazirx that developed WRX is that apart from the fact that selling of WRX help the team to raised fund for the building of the platform and other necessary expenses, the token will also serve as the basis for reward of those that support the platform (Wazirx exchange) as earlier adopters.
The token is now being trading on Binance and wazirx exchange, those in India can even buy it with INR.
Pros
- It is an utility token, which means that it has real usefulness.
- Those that hold wazirx on Wazirx exchange platform will be having rewards for doing that.
Cons
- The maximum supply of 1b may affect the price negatively.
