Namaste Tribe! I’m thrilled to share with you that WazirX successfully completed WRX burn for the quarter of January – March 2021 yesterday, 15th April 2021.
We burned 3,753,333 WRX equivalent to ₹112 Crores INR (~ $14 Million USD)! Share this
We burned WRX in 5 parts:
Part 1: 333 WRX burned. TXID herePart 2: 3000 WRX burned. TXID herePart 3: 1,000,000 WRX burned. TXID herePart 4: 1,250,000 WRX burned. TXID herePart 5: 1,500,000 WRX burned. TXID here
This burn event has permanently removed $14 Million USD worth WRX from circulation. I’d also like to add that the value of WRX burned this quarter is 2060% more than what it was in the third quarter!
Till date, we’ve burned 14,453,332 WRX which is worth over $55 Million USD!
The amount of WRX burned is tied to WazirX exchange volume and its growth. In the past quarter, WazirX crossed over $6.1 Billion USD in trading volume – the highest ever in the history of crypto exchanges in India! We also introduced a variety of new features and improvements to make WazirX more amazing for you, like:
Here’s what the media has been saying about us:
https://www.livemint.com/market/cryptocurrency/indias-largest-crypto-exchange-crossed-2-billion-in-trading-volumes-in-feb-11614759147828.html
https://sputniknews.com/analysis/202102271082194425-india-cant-afford-to-stay-away-from-15-trillion-cryptocurrency-market-founder-of-wazirx/
https://www.bloombergquint.com/business/indiawantscrypto-leads-pushback-against-specter-of-new-ban
The burn event is a good thing because as WazirX grows, so will the amount of WRX burned every quarter. This will lead to a reduction in the token supply, and an increase in the value of the token. Want to know more about token burn and its importance? Read this
We’re continuously working towards building more exciting features, and spreading crypto awareness among the masses. As we continue burning WRX periodically and its value keeps increasing, the early holders of WRX will benefit the most from it
Thanks for supporting us!
The post WazirX Completes 4th Quarterly WRX Burn appeared first on WazirX Blog.
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