Month in Review – June 2020

By July 8, 2020No Comments
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Namaste Tribe! There’s never a dull day at WazirX. Even though we’ve been working remotely for almost 4 months, our team’s execution speed is unmatchable! 💪

What happened last month

[Done] WRX/INR trading contest: We kicked off June with bang! We hosted a Highest Trader Kaun for WRX/INR and gave away ₹1,00,000 worth WRX to top 20 traders by both number and volume of trades. Read more

[Done] Chromia listing & contest: We listed Chromia in our USDT market. We also gave away ₹3,80,000 worth CHR tokens in Highest Trader Kaun Marathon to top 25 traders by both number and volume of trades. Read more

[Done] ANKR airdrop: As a surprise, we airdropped ANKR tokens worth $12,000 USD among top WRX holders on WazirX. More airdrops coming your way!

[Done] TomoChain listing & contest: We listed TomoChain in our USDT market. We also ran a Highest Trader Kaun Marathon for TOMO/USDT where we gave away ₹4,16,000 worth TOMO to top 25 traders by both number and volume of trades. Read more

[Done] StormX listing: In the first week of June, we had announced our support for STORM token swap to STMX here. Later in June, we also listed StormX in our USDT and BTC markets. Read more

[Done] BTT/INR listing: BitTorrent (BTT) has been one of the most traded tokens on WazirX! On popular demand, we have added BTT to our INR market. 

[Done] New WazirX blog: We moved from Medium to WordPress in June. Our new blog has industry-leading thoughts, educative articles, news, and contests. It is open knowledge for all.

[Done] Cartesi airdrop: We gave away another airdrop for WRX holders! We distributed $5,000 worth Cartesi (CTSI) tokens among top WRX holders on WazirX as a reward for supporting us.

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

[Done] 1st Quarter WRX Burn Announcement: June was the month when we announced the first ever WRX burn event here. The burn was completed on 5th July and we burned 833,333 WRX equivalent to $120,000.

[Done] WRX listed on Poloniex: I’m happy to share that WRX is now listed on Poloniex! You can buy, sell WRX in USDT, BTC & TRX markets of Poloniex. Read more

[Done] Elrond listing & contest: We listed Elrond in our USDT market. We also gave away ₹5,06,000 worth ERD to top 25 traders by number and volume of trades. We also had prizes for 10 lucky traders in the contest. 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] Some secret features: We’ll reveal more about it in due time. Stay tuned!

Some highlights

  1. I went live on a podcast with Ryan Selkis, Founder of Messari.io
  1. Our community is now 30,000 strong on Twitter!
  1. I also went live with Outlier Ventures to talk about crypto in India
  1. FTX, a leading derivatives exchange hosted WRX trading competition and gave away $5,000 worth WRX
  1. We also partnered with FTX to give away HTC Exodus 1 cryptophone to 2 lucky winners
  1. I went live on YourStory to talk about crypto basics and increase its adoption.
    https://www.instagram.com/p/CA7b2RShOKr/

Something to add

In June, we witnessed another FUD due to a potential crypto-ban news article based on a “note”. I wrote a post about the news, and want to repeat that it’s not clear whether the finance ministry intends to work upon the old draconian crypto bill or bringing a new bill. I also want to add that the Internet and Mobile Association of India (IAMAI) has been working on a code of conduct for cryptocurrency companies in India. The code of conduct lays out a guideline for KYC/AML and other regulatory-related features, and we have a draft version ready. We look forward to working with the government to help them positively regulate crypto.

We also completed 600 days of #IndiaWantsCrypto campaign. It’s a huge milestone in our journey of keeping the crypto fire burning in India. What started as one tweet a day, has now turned into a massive movement! This movement will only get bigger with each person joining. Come join, and let’s fight for crypto in India!

Jai Hind 🇮🇳

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