Formerly known as "Wirex Token," WXT's rebranding reflects the token decentralization and the enormous growth of the Wirex ecosystem. This rebranding acknowledges the rapid growth of the Wirex ecosystem and more accurately represents the expansion of WXT over DeFi and EVM compatible chains.
WXT Token first launched in June 2019 as a loyalty token. It was created to provide Wirex’s devoted clients a variety of advantages not otherwise accessible. This and more may now be accomplished with WXT. It has developed into a token that can be used across several blockchains; it is what drives the X-tras rewards program and connects the Wirex platform to the next generation of decentralized finance (DeFi) ecosystems.
WXT is now supported on Ethereum, Avalanche, Polygon, and Stellar.
Wirex’s partnership with Nereus is the first of many steps into integrating WXT deeper into the Web3 and DeFi ecosystems. The rebranding of WXT Token will keep reflecting the direction of further decentralization and utility alongside the DeFi and Web3 ecosystem.