"HTX FastTrack": Wirex Token Introduction

2019/08/20 02:30

Project Introduction

1. Brief Introduction
Wirex is a borderless payments platform for individuals and businesses. Buy, store, transfer crypto, unrestricted access to OTC and interbank exchange services. Spend your crypto or fiat currencies with the Wirex Visa Card.

2. Detailed Introduction
Wirex is a UK-based global leader in digital money solutions. Its ground-breaking borderless payment platform pioneered the seamless integration of crypto and conventional currencies to democratise access to multi-currency accounts, crypto-enabled Visa cards, instant international remittance and industry-best exchange services.

Wirex makes the future of digital payments a reality, today. The company was the first to bridge the gap between fiat and cryptocurrency by enabling the use of cryptocurrencies in day-to-day life with the Wirex Visa card. Accepted at more than 40 million locations around the world, it allows customers to spend their digital currency online, in shops, restaurants and on public transport, withdraw funds from ATMs and earn cryptocurrency rewards on in-store spending.

By uniting conventional payment infrastructure such as Swift, SEPA and Faster Payments with unrestricted access to interbank and Over-The-Counter (OTC) exchange rates, Wirex empowers people to spend, exchange and transfer their money with freedom and flexibility. The platform continues to welcome new currencies to its existing portfolio of 10 digital and 11 fiat currencies. This includes its own native cryptocurrency, the Wirex Token (WXT), which entered the market after a successful IEO in June 2019.
Wirex provides a trusted and cost-effective service with a key focus on security and regulatory compliance. The Wirex platform is PCI DSS Level 1-certified, meeting the payment industry’s highest security requirements. With 6 offices across the world, over 2 million registered users and availability in 130 countries, Wirex has an ever-expanding global footprint.

3. Token Distribution

Wirex Token Info and Release Schedule
Total Token Supply: 10,000,000,000 WXT
Seed/Private Round Price: $0.01 / WXT
Seed/Private Round Allocation: 500,000,000 WXT; 5% of the entire supply of Wirex (WXT) tokens sold to a group of institutional investors and Wirex verified users
Seed/Private Round Release Period: Lockup periods up to 6 months apply as outlined in the chart below
Public Sale Price: $0.005 / WXT at the IEO (Initial Exchange Offering) on OKEx
Public Sale Allocation: 400,000,000 WXT; 4% of the entire supply is to be sold during the IEO and on different exchanges
Public Sale Release Period: No lock-up
Platform Reserve: at least 49% of the entire supply will be retained by the Platform Reserve to protect the Wirex token (WXT) from speculative trading and to maintain flexibility during the early stages of the evolution of the system. In addition, the Platform Reserve will be used to compensate Wirex users in case of any security breach that results in the loss of client funds (something that has never happened to date).
Team: 17% of the supply will be reserved for the management and development teams with 20-48 months lockup periods. Team supply will be used to incentivise existing members and attract new talent to the Wirex global team.
Partnerships: 11% of the supply will be used to incentivise merchants and partners to integrate / use WXT on their platforms. Vesting periods will vary from none up to 36 months.
R&D: 14% of tokens will be used for infrastructure, integrations and enterprise services for corporate clients and partners. Vesting periods will vary from none up to 48 months.