Week 14 & 15: WRX Mining, use cases + HTK Marathon
By: Wazirx Bitcoin Exchange
Tags: Bitcoin, Blockchain, India, Cryptocurrency, Crypto

Namaste Tribe! Past few days have been turbulent in the Indian crypto space with the word going around of the upcoming RBI ban of banking facilities in crypto trading. We’ve been busy planning for this and we’ll have an update for you very soon!

[Ongoing] WRX milestone 1

Reach 50 BTC total trade volume

We’ve had a few days last week where we crossed 50 BTC in trading volume! However, we want to reach this target and stay there consistently for at least a week before we declare victory over milestone 1. So yeah, while we’re seeing glimpses of success, there’s still more time before we achieve this milestone. Your help is what will make this happen. Tell everyone about WRX and ask them to trade on WazirX. Together, we can have a cryptocurrency where we’re early adopters. This opportunity of being an early mover has never been available to you but now it is! Make the most of it.

What happened last two weeks

[Done] On time coin listing: We have been working on bringing in a way to make coin listings happen on time because like you, we too hate delayed listings. We’ve completed the infrastructure improvements necessary to make this happen. New coin listings are going to be so much easier and on time after this!

[Done] 6 new pairs in C2C trading: We introduced 6 new coins in our BTC market as part of our Crypto to Crypto (C2C) trading initiative. You should really try C2C trading as the prices there are almost always on par with global prices. Order execution at global rate is now possible in our BTC market.

[Done] HTK Marathon: We successfully completed our first ever Highest Trader Kaun Marathon and saw some crazy competition happening between traders. This week we’ve doubled the prizes. You can read all about it by clicking here.

[Done] WRX Mining Program: We launched a surprise last week. You can now mine WRX by doing what WazirX is built for, trading! We plan to continue improving this but you better hurry up as we will increase the mining difficulty over time. Now is the best time to mine as much WRX as you can. Read all about the WRX Mining Program here.

[Done] Token Listing form: We’ve now introduced a token listing form for different projects to submit. This helps us understand a token better before deciding to list it. If you know of any crypto that hasn’t been listed here then ask them to fill this form and we’ll look into such projects sooner. You can find the form here.

What we’re building

[Ongoing] Better charts: We’re entering the last phase of bringing new charts. As I had previously mentioned, we’ll be integrating charts from trading view which will give you a greater control on the type of charts you want to view. We don’t have an ETA but the team is trying its best to launch this sooner than later.

New Blockchain: As you all know, we’ve been bringing a lot of new coins on WazirX. We now have 35 coins listed on WazirX. We’re the fastest in India to add these many coins in such a short span of time. However, most of these coins have been ERC20. We think it’s now time to introduce new blockchain integrations. We will be launching at least one new non ERC20 crypto in the next 2 weeks. This is a surprise, I don’t want to disclose the name. Keep guessing and be on the lookout for this announcement.

Airdrop Feature: We were the first in India to list Pundi X. We also support the Pundi X airdrop every month. We’ve been building out a robust airdrop feature that will help us provide airdrops of any coins that provide these airdrops. And we want to be the fastest in providing airdrops. For this we’re building a robust airdrop feature inside WazirX. This will ensure that airdrops will be credited really, really fast. I’m sure every one of you is going to appreciate the speed of future airdrops with WazirX.

Something to Add

I know that a lot of you have been anxiously waiting to understand what will happen once the RBI deadline for banking services in crypto comes into effect. We built WazirX to help every Indian be part of the blockchain revolution. We want to ensure we continue to move forward with that mission. The road ahead is tough but revolutions have never been easy. Expect something amazing soon from us. India will be at the forefront of the blockchain revolution and I’m sure as a tribe, you and I will make that happen.

Jai Hind!