As we commemorate 10 incredible years of Wirex, we’re excited to shine a spotlight on the Wirex Token (WXT)—the lifeblood of our platform! This unique, multi-blockchain cryptocurrency empowers our customers to unlock exclusive crypto rewards and access to a new generation of decentralised finance (DeFi) ecosystems.
The Power of WXT
The Wirex Token is more than just a cryptocurrency; it is Wirex’s native token that opens doors to exclusive benefits within our ecosystem. As the first native cryptocurrency on the platform, WXT is widely used within the Wirex app and across various cryptocurrency platforms.
One of the standout features of WXT is the Savings Bonus, allowing you to earn up to 6% on the balance of your WXT account. This means your assets can work for you, generating passive income while you hold them.
Unlocking X-tras: A Rewarding Experience
WXT gives you access to X-tras, the world’s most cutting-edge rewards program. Enjoy a variety of benefits, from Cryptoback™ rewards to flexible price plans that unlock a treasure trove of rewards, all paid out in WXT. This innovative program is designed to enhance your experience and maximize the value you receive from your investments.
Bridging Traditional Finance and DeFi
In 2021, Wirex made a significant move by migrating 80% of the total supply of WXT to the Ethereum blockchain—one of the most powerful networks for DeFi applications. This strategic split between the Stellar Network and Ethereum not only enhances power and efficiency but also bridges the gap between traditional payments and novel DeFi ecosystems.
Milestones on the WXT Journey
June 2019: Wirex Token exclusive pre-sale sells out in just 15 minutes.
July 2019: The WXT Initial Exchange Offering introduces the Wirex Token to the world.
March 2021: We launch X-tras, our futuristic rewards program that pays out in WXT.
June 2021: 20% of WXT supply is migrated to the Ethereum blockchain, unlocking DeFi for Wirex customers.
November 2021: Another 60% of WXT supply is migrated to Ethereum due to popular demand.
February 2022: WXT is now supported on the Avalanche blockchain.
How to Get Involved
Purchasing WXT is easy—simply create a verified Wirex account, and you can buy and use as much WXT as you want in the Wirex app, just like any other digital currency. WXT can be sent via the Stellar platform or the Ethereum mainnet, providing flexibility in how you manage your assets.
WXT is not just about rewards; it’s a gateway into the evolving world of decentralised finance, making it an essential part of your financial toolkit.
Disclaimer
The information contained herein has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for financial, legal, or investment advice. Wirex and any of its respective employees and affiliates do not provide financial, legal, or investment advice.
The value of cryptoassets may fluctuate significantly over a short period of time. The volatile and unprecedented fluctuations in price may result in significant losses over a short period of time. Any Cryptoassets may decrease in value or lose all its value due to various factors including discovery of wrongful conduct, market manipulation, change to the nature or properties of the Cryptoasset, governmental or regulatory activity, legislative changes, suspension or cessation of support for a Cryptoassets or other exchanges or service providers, public opinion, or other factors outside of our control. Technical advancements, as well as broader economic and political factors, may cause the value of Cryptoassets to change significantly over a short period of time.