The company is releasing WXT, a proprietary token that will be used for transactions within the platform and debit cards.
The WXT token is on pre-sale now, and only 3% of the 300 million tokens will be sold during the pre-sale. Everything that’s bought during the pre-sale (running until Sunday, June 30th), will have to be locked in users’ accounts for 6 months.
WXT, the Stellar-based utility token, is created to facilitate wide crypto adoption. Paired with the prepaid crypto cards that already works for EU countries, this could potentially be very useful to the masses.
The Wirex token will specifically allow users to:
- enjoy lower platform and cash withdrawal fees;
- receive bespoke partner merchant offers;
- increase the amount of crypto they get back by using their Wirex debit cards.
The cryptoback will increase according to the amount of WXT the user owns:
- 500,000 WXT ($5,000) – 1.5% Cryptoback™
- 100,000 WXT ($1,000) – 1% Cryptoback™
- 50,000 WXT ($500) – 0.75% Cryptoback™
Where to buy Wirex token (WXT)?
The $500 limit for buying WXT will be lifted on Thursday, June 27 and you will be able to invest in unlimited amounts of WXT.
WXT will be listed on OKEx in the nearest future. All in all just 2% of the token supply will be released to OKEx and sold on the first come first serve basis.
The Initial Exchange Offering (IEO) may attract a lot of interest, considering that Wirex’ platform and debit cards are actually functional. The company has proved it’s following the roadmap, in this regard WXT is different from fundraising token and coin offerings.
Click here to register @ Wirex and buy WXT with your credit or debit card.