Month in Review – May 2021

Namaste Tribe! Here’s a monthly report of what happened at WazirX in May.

What happened last month

[Done] 10 new market pairs: Last month, we added ten tokens to our INR (fiat) and USDT market! You can now buy, sell, trade AVAX, LUNA, XVG, BZRX, FTM, HNT, ARK, SHIB, CTSI, and PAXG in our INR and USDT market. Start trading your favourite pairs here!

[Done] EZ/INR trading competition: In May, we gave away ₹55,00,000 worth EZ in the biggest Highest Trader Kaun Marathon ever! It was a 10 days’ long contest and you can read more about it here.

[Done] PAX Gold listing & giveaway: We listed PAX Gold (PAXG) on WazirX, and gave away $25,000 worth PAXG via a host of activities like AMA, Highest Trader Kaun, Quiz Time with WazirX, and PAXG Trivia contest on Instagram! Read more

[Done] WRX airdrop program for SHIB buyers: On May 13, 2021, when we listed SHIB market, its deposits and withdrawals took longer to go live due to an anomaly. There was a temporary demand-supply mismatch which caused SHIB prices to climb up briefly. To help our users who were affected by SHIB’s rapid price increase and suffered losses, we will conduct this WRX airdrop program over 4 months where we will airdrop WRX tokens equivalent to 25% of your loss every month for the next 4 months. Read more

What we’re building

[Ongoing] AMM Protocol: There have been unforeseen delays in some of the protocols that our DEX is dependent upon. This is preventing us from going live. At this moment, we don’t have an ETA on how long this will take. Be assured that we’re working very hard with the protocol team to expedite the process.

[Ongoing] New tokens: We’ll be listing more tokens on WazirX in the coming weeks. Got any suggestions? Please tweet to us @WazirXIndia

Some highlights

In May 2021, WazirX hit a record trading volume of $6.2 Billion!

WazirX got featured on several platforms like:

https://www.moneycontrol.com/news/business/startup/tech-teams-working-all-night-couldnt-have-imagined-this-scale-in-my-wildest-dreams-wazirx-ceo-nischal-shetty-6922821.html

https://www.freepressjournal.in/business/mysterious-world-of-cryptocurrencies-debunking-fears-myths-around-it

Something to add

We had announced Project Raftaar and the first version is nearing completion. This new trading engine should help in sustaining the immense load WazirX sees during peak events. Thank you for supporting us!

Jai Hind

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