Celebrating two years of WXT!

Region: Europe
Jun 8, 2021, 7:45:00 AM Published By Wirex Team

Anyone who uses Wirex will have come across WXT before. The Wirex Token began life back in June 2019 as a reward token - it was designed to provide our loyal customers with a range of otherwise unavailable benefits.

Today, WXT does all that and more. It has evolved to become a multi-blockchain cryptocurrency that powers the X-tras rewards programme and integrates the Wirex platform with the new generation of decentralised finance (DeFi) ecosystems.

What is WXT for?

WXT was created with rewarding Wirex customers in mind. You probably know by now, but you can earn up to 2% back in WXT every time you use your Wirex card in-store or online, plus up to 12%* annually on the balance of your WXT account with the Savings Bonus feature.

It couldn’t be easier to boost your WXT balance, which means you get more back in the long run.

What makes WXT unique?

In May of this year, WXT became our very first multi-blockchain cryptocurrency. This means that WXT is now built on both the Stellar Network and the Ethereum blockchain.

Why did we decide to do this? It’s all about DeFi. Our latest mission is to bring the benefits of Decentralised Finance (DeFi) to the masses. That’s why we recently migrated 20% of the total supply of Wirex Tokens - 2 billion WXT - from the Stellar Network to the Ethereum blockchain.

Splitting WXT between two networks allows our customers to get even more out of Wirex. Not only will they benefit from a network famous for low-cost, near-instant cross-border payments, they can now access a whole world of decentralised apps (Dapps) on top.

WXT has come a long way in just two years. It now powers our innovative new rewards programme, X-tras, can be spent and exchanged as a real-life currency with Wirex and is traded on a whole host of well-known crypto exchanges. Find out where you can buy WXT here.

Just where will its third year take it?

*12% available for limited time, ordinary rate 6%. More information on price plans can be found here.