Wirex Token (WXT)

The Wirex Token (WXT) is the first native cryptocurrency on the Wirex platform. It is a Stellar-based token designed to be extensively used within the Wirex app and on other cryptocurrency platforms. WXT will benefit our growing number of users by helping them save on fees and unlocking exclusive rewards.

Note: In order to purchase WXT, you must have a verified account.

How much WXT can I buy?

The pre-sale and IEO have ended. You can now buy and use as much WXT as you want in-app, just like any other digital currency we support. Remember that WXT is based on the Stellar platform, so when transacting with it you will to need use a unique memo, Stellar address, or federation address. 

Note: WXT bought during the pre-sale period are frozen, and cannot be sold until 6 months after purchase.

How can I buy them?

When the pre-sale period starts, you’ll be able to buy WXT in the Wirex app like you do with other currencies:

  1. By exchanging crypto or fiat currency to WXT:

    1. Log in to your Wirex account and click Exchange on the left-hand side. If you are using a mobile version, tap the Exchange icon on the dashboard.

    2. On the Exchange screen, select the source account (a crypto or a traditional currency account).

    3. In the To field, select the target WXT account.

    4. Enter the sum you wish to exchange in crypto or traditional currency. Click Use maximum amount (Max in mobile) to calculate the maximum sum available for exchange.

    5. Click Exchange, review your transaction details and click Confirm.

  2. Using your linked card:

    1. Log in to your Wirex account and click Add on the left-hand side. If you are using the app, tap the Add icon on the dashboard.

    2. On the Add Funds screen in the ‘From Linked Card’ section, click the card you would like to use.

    3. Enter the amount you would like to purchase. This is shown in the base currency of the card.

    4. Confirm your transaction.

Benefits of owning WXT

Depending on the WXT amount you buy, you will receive discounts on fees from the 13th of June 2019. Users will also get enhanced rewards, including Cryptoback™ from September 2019.

Amount of WXT bought

Discount

Enhanced Cryptoback™

500 000 WXT 

100%

1.50%

100 000 WXT 

50%

1.00%

50 000  WXT 

25%

0.75%

 Does WXT represent equity in Wirex?

No. WXT is a utility token and not a security token. The value of the WXT token is not linked to performance of Wirex and is subject to the market movements on the OKEx exchange. Therefore, buying WXT is not the same as buying stock, equity within Wirex.  

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