Question 1

What is it?

Accepted Answer

WazirX (WRX) is the native utility token of the WazirX ecosystem. It is an ERC-20 standard token based on the Ethereum blockchain. Over time, as the WazirX ecosystem expanded, the use cases for WRX have grown, serving multiple purposes within its platform and beyond.

WazirX is one of the prominent cryptocurrency exchanges in India. The platform provides users with a venue to buy, sell, trade, and invest in a variety of cryptocurrencies. It prides itself on a smooth user interface, security measures, and a wide selection of cryptocurrency offerings.

Question 2

What is it used for?

Accepted Answer

* **Fee Discounts:** WRX holders can earn various discounts on trading fees within the WazirX platform, encouraging its use and retention.
* **Staking:** As the ecosystem evolved, WazirX introduced staking opportunities, allowing users to earn rewards by holding and staking their WRX tokens.
* **New Product Launches:** WRX has been integrated into newer offerings from WazirX, such as in their launchpad events.
* **Token Burn:** Periodically, WazirX conducts a "token burn," reducing the total supply of WRX, which can affect its overall scarcity and value proposition.

Question 3

Who created it?

Accepted Answer

WazirX was founded by Nischal Shetty, Sameer Mhatre, and Siddharth Menon. Nischal Shetty, a prominent figure in the Indian cryptocurrency scene, has been an active advocate for cryptocurrency adoption and regulation in India.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	WRX-USDT WRX_USDT	gateio	A	0.01916USDT	-3.13%	74,757.89WRX	89	0.01978USDT	0.02053USDT
2	WRX-USDT WRXUSDT	hitbtc	E	0.02303USDT	0.00%	0WRX	0	0.02303USDT	0.02303USDT
3	WRX-USDT WRXUSDT	latoken	D	0.05000USDT	0.00%	0WRX	0	0.05000USDT	0.05000USDT