What is WazirX? Binance Announces 12th IEO Sale

In an announcement released yesterday, January 21, Binance said it will sell WazirX (WRX) tokens, an Indian exchange that was acquired by Binance last October.

Introducing the @WazirXIndia $WRX Token Sale on #Binance Launchpad https://t.co/rxt2E0F4Od pic.twitter.com/EYuLIodYwJ

— Binance (@binance) January 21, 2020

The WRX token sale will follow a lottery format, Binance will record users’ BNB balances for 30 days from 04/01/2020 at 00:00 AM (UTC) to 03/02/2020 at 00:00 AM ( UTC).

On 04 Feb 2020 at 08:00 AM (UTC) the winning ticket will be announced and the corresponding BNB will be deducted from each winning user account. One WRX will be worth 0.02 USD and the price in BNB will be determined before the draw date.

What is WazirX?

WazirX is a cryptocurrency exchange with an advanced interface and features to buy, sell and trade cryptocurrencies. It is an exchange with a direct open order book system that allows users to trade more than 80 digital assets such as Bitcoin, BNB,
Bitcoin Cash, Litecoin, Dash and more.

Screenshot of WazarX . floor

Users can deposit/withdraw crypto and also deposit/withdraw USDT directly between users (Peer-to-Peer, P2P) in Indian Rupees easily, as well as securely store All their digital assets in WazirX wallet.

WazirX’s goal is to bridge the global crypto gap with the world’s first auto-matching P2P engine – WazirX Peer-to-Peer. As of today, WazirX Peer-to-Peer is a popular deposit and withdrawal method in India, and has been growing steadily.

WazirX’s native token, WRX, is the utility token that forms the backbone of the WazirX ecosystem. WRX is built on top of Binance Chain with future use cases including: transaction fee rebates, WRX Trade Mining (unlocking and rewarding WRX tokens by validating transactions), margin payment, and Moreover.

Details of WazirX token sale program:

Token Name: WazirX (WRX)
Launchpad Hard Cap: $2,000,000
Total Token Supply: 1,000,000,000 WRX
Total Token Sale on Binance Launchpad: 100,000,000 WRX (10% of total supply)
Public Token Sale Price: 1 WRX= 0.02 USD (price in BNB will be determined before lottery draw date)
How to sell Tokens: Lottery
Maximum number of winning tickets: 10,000 tickets
Allocation for each winning ticket: 200 USD (10,000 WRX)
Transaction currency: BNB
WRX will be issued as a BEP2 asset on Binance Chain.

Geckos

According to AZCoin News

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