What Is Wirex?

Wirex (WXT) is a cryptocurrency designed for creating optimal use cases for the digital-first economic environments. As per its whitepaper, the vision of the Wirex platform is not just to ride the coattails of these developments but to energetically influence them with decentralized services and products that are entirely equipped for optimum scalability in a Web3.0 landscape. The platform aims actively understand decentralized finance and early blockchain innovations to create numerous bridges between the physical reality of nation-states, technological change, governance, regulation, consumer needs, and an everchanging metaverse landscape. While many support Web3.0 and the metaverse at the cost of established and traditional financial infrastructure and institutions, Wirex sees an ecosystem where the two systems are slowly combined and mutually co-opted. The platform’s objective is to lead this union of systems with resolutions that appeal to the broadest global audience imaginable.

Wirex's ecosystem is calibrated to maximize the DeFi participation throughout the particular shift to Web3.0; this is underwritten by WXT and the evolution of the Wirex non-custodial wallet. As participation scales and use cases emerge, Wirex actively releases and develops new services and products to maximize the possibility of DeFi in the metaverse. DeFi protocols are essential for individuals to partake in and consume different decentralized financial services and products. These can vary from moderately easy savings and gaining protocols to complicated financial products concerning marginal trading and additional techniques.

WXTtoken is native to the platform. Nereus is an investment recipient from Wirex and a crypto-friendly ecosystem paid in their native token, WXT. In collaboration with Wirex, Nereus Protocol possesses 5,000,000,000 WXT, 50 percent of the total supply.

History of Wirex (WXT)

As per its whitepaper, the Wirex platform created the world's first cryptocurrency reward program in 2018. In 2019, the platform launched the WXT token.