Introduction to WXT
WXT, formerly known as the Wirex Token, has evolved from a mere loyalty token to a versatile cryptocurrency. Recognized across various crypto platforms, WXT serves as a passport to a world of exclusive financial benefits, making every transaction a rewarding experience.
What is WXT?
WXT is not just another cryptocurrency. It’s a multi-blockchain token built on the Ethereum, Avalanche, Polygon blockchains, designed for speed, efficiency, and flexibility. With WXT, users gain access to X-tras, Wirex’s innovative rewards program, unlocking benefits like Cryptoback™ and the Savings Bonus. Holding WXT means stepping into a space where every transaction opens doors to a range of rewards, enhancing the financial journey with each interaction.
Key Metrics of WXT
- Token Name: Wirex Token
- Ticker: WXT
- Launch Date: 2019-05-27
- Blockchain: Ethereum, Avalanche, Polygon, Stellar
- Contract: 0xa02120696c7B8fE16C09C749E4598819b2B0E915
- Token Type: Utility
- Total Supply: 10,000,000,000 WXT
- Growth Dynamics: WXT has shown a growth dynamic of 50% over 90 days.
WXT’s Unique Features and Perks
Wirex’s X-tras is an award-winning loyalty program designed to enhance the Wirex experience. It turns every interaction on the platform into an opportunity to earn valuable WXT tokens. Whether you choose to enjoy the upgraded platform benefits or exchange your WXT tokens, the decision is yours.
X-tras is designed to enhance your Wirex experience by turning every interaction on the platform into an opportunity to earn valuable WXT tokens.
Your loyalty is recognised and rewarded through X-tras. Each transaction and engagement presents a chance to accumulate WXT tokens, enriching your financial journey. These tokens can be used to cover subscription fees, advance to higher tiers, and unlock exclusive benefits such as increased interest on X-Accounts and enhanced Cryptoback™ rewards.****
Whether you choose to enjoy the upgraded platform benefits or exchange your WXT tokens for other cryptocurrencies or traditional fiat, the decision is yours.
With X-tras, every earned token contributes to a personalised financial journey where rewards align with your preferences and financial goals. This underscores Wirex’s commitment to transforming your everyday transactions into fulfilling experiences.
At the heart of Wirex’s rewards system is Cryptoback™, a program that rewards users with WXT for every purchase made through the Wirex card. Users can earn up to 8% in Cryptoback™ on each transaction.
The X-tras program rewards users for saving. If you hold WXT, you can earn a monthly Savings Bonus with an annual percentage rate (APR) of up to 16%.
Wirex offers various promotional campaigns, such as the Ref-a-friend, DUO and Multiply promos, to maximize the rewarding potential for users. Users receive 200 WXT, when they open their first DUO. The rewards increase to 2000 WXT when they interact with 5 DUOs in total and reach a generous 5000 WXT upon engaging with 10 DUOs, indicating higher levels of involvement. As for the Multiply Promo, it emphasises volume and consistency. Users earn 2000 WXT by initiating the first Multiply with at least £100. The reward grows to an impressive 20000 WXT as users expand their interaction, opening 5 Multiplies, each valued at a minimum of £100. Users also can get up to $30 in WXT for each user they invite
Plans and boost
X-tras provides users with a choice of three unique plans. Each plan comes with perks such as higher Cryptoback™ rewards and increased interest rates on X-Accounts. Users can elevate their experience and rewards by holding WXT tokens, enabling them to move up the Boost Tiers for exclusive benefits. As you progress through each tier, the rewards get better, making every transaction and savings effort more fulfilling and customised to individual financial needs and aspirations.
Where to Buy WXT?
WXT can be traded on various platforms, including:
WXT’s Integration with Web3 and DeFi
WXT’s support for multiple blockchains, including Ethereum, Avalanche, Polygon, and Stellar, increases its utility in the decentralized finance (DeFi) and Web3 ecosystems. This multi-chain support reflects WXT’s commitment to further decentralization and expansion.
Roadmap and future plans
Wirex has outlined its vision through what we call the Five Pillars, detailed in our whitepaper.
Rather than just a document, it’s a strategic plan with specific proposals, each addressing a crucial aspect of our overall mission published in the Wirex Roadmap :
- W-Pay: This is a significant step into the future of payments in the Web3 space. W-Pay is designed to reshape how we understand transactions, providing a strong foundation for our other groundbreaking solutions.
- CryptoCredit Bridge: It is designed to empower users by providing them with the unique opportunity to access fiat currency credit facilities while simultaneously harnessing the capabilities of blockchain technology. Although the concept of borrowing stablecoins and other digital assets against crypto collateral has been well-established in a decentralized manner, applying a similar framework with fiat currency has proven to be more intricate and challenging.
- Dual-Mode Wirex Card: This proposal introduces a card that combines the best of both worlds – traditional finance and the revolutionary aspects of decentralisation. The goal is to ensure users have seamless convenience, regardless of the financial realm they operate in.
- Wirex Membership Model: Building on our existing offerings, we’ve revamped our membership model to create a space that offers exclusive benefits tailored for our dedicated users.
- Improved Tokenomics: This goes beyond just an upgrade; it’s a complete reimagination of the economic structure powering the Wirex ecosystem. The focus is on promoting stability and fostering continuous growth.
- Transferable Loyalty: Loyalty has always been central to our interactions. With this proposal, we aim to revolutionise how rewards are perceived, introducing dynamics that make user engagement more interactive and rewarding.
The roadmap is regularly updated to reflect the company’s progress and new initiatives. It’s a valuable resource for anyone interested in the Wirex ecosystem and the future of the WXT token.
Is WXT a good investment opportunity?
WXT, as the native token of the Wirex platform, has several attributes that potential investors might find appealing:
1. Utility and Integration: WXT is not just a speculative asset; it has genuine utility within the Wirex ecosystem. From powering the X-tras rewards program to its multi-chain functionality, WXT has a wide range of use cases that can drive demand.
Growth of Wirex: As Wirex continues to expand its services and user base, the demand for WXT could increase. The company’s commitment to innovation, as evidenced by its detailed roadmap, suggests a positive trajectory for the platform and, by extension, for WXT.
2. Multi-Chain Functionality: WXT’s support for multiple blockchains, including Ethereum, Avalanche, Polygon, and Stellar, positions it well within the broader crypto ecosystem. This multi-chain functionality can lead to increased adoption and use cases for the token.
3. DeFi and Web3 Integration: With the growing interest in decentralized finance (DeFi) and Web3 applications, WXT’s integration into these sectors can provide it with additional value and utility.
4. Market Sentiment: Like all cryptocurrencies, WXT’s price can be influenced by market sentiment, news, and global economic factors. It’s essential to stay updated with the latest developments and trends in the crypto space.
However, it’s crucial to note that all investments come with risks. Cryptocurrencies can be volatile, and past performance is not indicative of future results. Potential investors should consider their risk tolerance, and invest only what they can afford to lose.
WXT is more than just a token; it’s a bridge between traditional finance and the new world of DeFi. With its multi-chain functionality and integration into the Web3 and DeFi ecosystems, WXT is poised to play a significant role in the future of finance.