Namaste Tribe! I’m happy to announce that WazirX has successfully completed WRX burn for the quarter of July – September 2021 today, November 9, 2021.
We burned 5,933,333 WRX equivalent to ₹74.8 Crores INR (~ $10.1 Million USD)! Share this
We burned WRX in 1 part, and the TXID is here. This burn event has permanently removed over $10 Million USD worth WRX from circulation. I’d also like to mention that the value of WRX burned this quarter is 23% more than what it was in the fifth quarter!
Till date, we’ve burned 21,786,665 WRX which is worth over $47 Million USD as of today!
The amount of WRX burned is tied to WazirX exchange volume and its growth. In the past quarter, WazirX crossed over $9.9 Billion in trading volume! We also introduced a variety of new features and improvements to make WazirX more amazing for you, like:
Some highlights of what media has been saying about us:
https://www.cnbctv18.com/cryptocurrency/wazirxfoundernischalshettysindiawantscrypto-campaigncompletes-1000-daysamid-hopes-of-conducive-regulatory-oversight-10152471.htm
https://www.coindesk.com/binance-owned-indian-exchange-taps-trm-labs-for-anti-fraud-managementhttps://www.business-standard.com/article/companies/crypto-exchange-wazirx-sees-huge-rise-in-users-from-tier-2-3-women-121081200889_1.html
https://economictimes.indiatimes.com/markets/cryptocurrency/spurt-in-women-chasing-crypto-gold-exchanges/articleshow/86212437.cms
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 6th Quarterly WRX Burn appeared first on WazirX Blog.
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