- Discover the benefits and potential risks of investing in WXK token on Wirex
- Amplify your profits and secure future value with WXK
- Find out more about WXK here!
Last week, we launched our newest token, WXK, on the Wirex platform and there's some major reasons why you need to purchase it ASAP! Not only does it offer you an instant 10% boost on your Wirex Multiply profits (read more here), but it’s a great investment opportunity based on its growing price over the two-year time period, meaning it's guaranteed to increase in value!
Wirex’s Trading team has spent plenty of time understanding the fundamentals of the WXK token, and couldn’t agree more that it’s a great investment opportunity. They’ve therefore outlined the key benefits and potential risks, and graphically depicted WXK's potential to consumers to provide even more reassurance:
What are the benefits of WXK?
Wirex customers can purchase this product at a discount to its redeemable value. The current selling price is set at 800 WXTs. A WXK redeems at the minimum of 1000 WXTs and 10 USDTs two years later
Customers can utilise their WXK token within the Wirex Ecosystem, enabling them to amplify the profits of a Multiply position by 10% per $1000 invested by paying in a WXK token
Customers can benefit from the appreciation of the WXT token during and after the maturity of the token
What are the potential risks of WXK?
Potential gain is limited by the Redemption Value Cap: if the price of WXT exceeds the cap of 0.0099 USDT at redemption date, the customer receives the maximum value of 10 USDT per WXK
A WXK used before entering a Multiply Position will have no effect if the Multiply Position does not generate a net profit: WXK’s utility as a profit amplification token is only advantageous if the Multiply position is closed with a net profit. In the situation of a net loss incurred on the Multiply position, the WKX token would generate no payout for the user. The user will not receive their used WXK token back irrespective of outcome of position
What are the different scenarios of how WXK value will change?
Scenario 1: WXT Value at End of 2 Year Life is $0.0077
- User purchases 1 WXK for 800 WXT tokens [2.80 USDT Equivalent]
- User Receives 1 WXK and Holds until Maturity
- User Redeems His/her WXK for 1000 WXT [7.70 USDT Equivalent] after maturity
Scenario 2: WXT Value at End of 2 Year Life is $0.0184
- User purchases 1 WXK for 800 WXT tokens [2.80 USDT Equivalent]
- User Receives 1 WXK and Holds until Maturity
- User Redeems His/her WXK for 10 USDT Equivalent after maturity