Month in Review – July 2020

By August 5, 2020No Comments
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Namaste Tribe! July was packed with listings, spreading crypto knowledge, and BUIDLing to make WazirX even better for you.

What happened last month

[Done] More tokens in Binance <> WazirX inter-wallet transfer option: We’ve added BTC, BNB, and WRX to Binance <> WazirX inter-wallet option. The WazirX <> Binance deep integration allows millions of Binance users to connect their Binance and WazirX accounts. Via this integration, you can now log into WazirX via Binance, and use WazirX trading platform, STF, or INR deposits/withdrawals. This is particularly helpful for Binance Indian users who might want to buy/sell BTC, USDT, WRX, or BNB for INR. Read more

[Done] MATIC deposits & withdrawals: We have enabled MATIC deposits and withdrawals on WazirX. You can buy, sell, trade MATIC in our INR, USDT and BTC markets.

[Done] First WRX burn event: We completed the first WRX burn for the the quarter of April to June on 5th July 2020. We burned 833,333 WRX, equivalent to ₹92.2 Lakhs INR ($120,000 USD)! The burn event has permanently removed $120,000 USD worth WRX from circulation! You can view the TXID here, here and here. Read more

[Done] DGB/USDT listing & contest: We listed DigiByte in our USDT market. We also gave away ₹1,00,000 worth DGB in a Highest Trader Kaun contest to top 20 traders by number and volume. Read more

[Done] GRS/USDT listing & contest: We listed Groestlcoin in our USDT market. We also gave away ₹1,00,000 worth GRS in a Highest Trader Kaun contest to top 20 traders by number and volume. Read more

[Done] DOGE/USDT listing & contest: On popular demand, we listed DOGE in our USDT market. We also gave away ₹1,00,000 worth DOGE in a Highest Trader Kaun contest to top 20 traders by number and volume. Read more

[Done] DeFi Week on WazirX: We believe that DeFi is the future. In July, we decided to have a DeFi Week on WazirX. As part of the DeFi Week, we listed Compound, Kava, Synthetix, Aave, and Ren in our USDT markets along with trading contests for each of the tokens. More DeFi tokens coming soon on WazirX!

[Done] WazirX Warriors Program announcement: We’re looking for WazirX Warriors who are fighting relentlessly to make crypto accessible to everyone in India. We also have rewards ranging from $10 to $1000 for your efforts. Click here to join the WazirX Warriors Program.

[Done] WRX listed on BitMart: Good news! WRX is now listed on BitMart! You can buy, sell WRX in USDT markets of BitMart. Read more

[Done] COTI/USDT listing & contest: We listed COTI in our USDT market. We also gave away ₹5,35,000 worth COTI in a Highest Trader Kaun contest to top 30 traders by number and volume. Read more

[Done] STORJ/USDT listing & contest: We listed STORJ in our USDT market. We also gave away ₹1,00,000 worth STORJ in a Highest Trader Kaun contest to top 20 traders by number and volume. Read more

[Done] WRX listed on Binance.KR: WRX is now listed on Binance Korea! You can buy, sell WRX in USDT and BUSD markets of Binance.KR.

[Done] Grand BTT Giveaway: WazirX and BitTorrent partnered for a host of activities, and amazing giveaways of $10,000 worth BTT for you. Read more

What we’re building

[Ongoing] New tokens: We’ll be listing more tokens on WazirX in the coming weeks. Got any suggestions? Please tweet to us @WazirXIndia

[Ongoing] Liquidity in INR market: We’ll also add more pairs in INR market. Let’s work together to build liquidity in our INR markets.

[Ongoing] Faster KYC: We have been seeing a sudden and huge surge in new signups on WazirX. We are working hard to ensure KYC approval is expedited.

Some highlights

  1. July was a historic month as we had an open panel discussion with Mr. Subhash Garg who headed the draft crypto ban bill in India.
  1. I went live with CA Rachana Phadke Ranade to talk about cryptocurrency. Rachana has an audience of over 1 Million people interested in financial education!
  1. We’ve reached another milestone by publishing Bitcoin Whitepaper in Hindi with Crypto News Hindi
  1. I went live on India Ahead News to talk about the recent Twitter hack.

Something to add

I’m glad that we had a dialogue with Mr. Garg in July. I believe that open discussions like these will help India come up with right crypto regulation. With the pandemic induced economic troubles becoming more apparent, alternative assets like Bitcoin and other crypto are gaining popularity among investors globally. Let’s unite, and spread more knowledge around crypto among our peers, and involve them in this revolution.

Jai Hind 🇮🇳

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