Wirex Token

Halal Rating :
Comfortable
Last Price $0.0027 Last updated:
Rank 756
1D Change 2.18 %
Market Cap $26.79m
Circulating supply 10,000,000,000
Maximum supply 10,000,000,000

Crypto Overview

Categories
  • Asset Management
  • Centralized Exchange (CEX) Token
  • Payments
  • Ethereum Ecosystem
  • Stellar Ecosystem
  • Mobile Payment

Purpose and Utility

Wirex Token (WXT) is the native cryptocurrency of the Wirex platform, a digital payment and cryptocurrency platform. The token is designed to provide utility within the Wirex ecosystem, primarily offering benefits to users of the Wirex payment card and platform services.

Core Features and Utility

The primary utilities of WXT include: Enhanced rewards on the Wirex payment card, Reduced fees for currency exchanges, Access to premium features on the Wirex platform, Governance participation in certain platform decisions.

Business Model Evaluation

The business model appears to be focused on legitimate payment and financial services integration. The platform facilitates real cryptocurrency transactions and provides actual utility through its payment services. There is no evidence of prohibited activities like gambling or interest-based lending in the core token functionality.

Real-World Adoption

Wirex has established partnerships with Visa and Mastercard for their payment cards. The platform reports over 5 million users globally, though specific WXT utility metrics are not publicly available.

Development Activity

The project maintains regular development updates and platform improvements. The team consistently releases new features and integrations for the Wirex ecosystem.

Token Distribution

While exact founder allocation details are not publicly available, the token distribution appears to be focused on platform utility rather than speculative trading. The token has maintained consistent utility within the platform since its launch.

Rating Justification

Member Vote

Agree: 0 Disagree: 0

Login to vote on this

Comments

0 Comments

Login to join the discussion