How to Unlock Your Wazirx - 100 #WRX Signup Coins - Full Details
In case you don't know Wazirx is one of India's Most Trusted Bitcoin & Cryptocurrency Exchange & it has a token which is traded by the name WRX. It's a utility token of WazirX exchange and the token is based on the Binance blockchain.
WRX trading @ $3.7+ USD
Recently the price of WRX surged Skyrocketed, Up 930% in a Weeks time frame. The price of the WRX went up from mere cents to now trading for $3.7+ a token. Announcement of NFTs; customer signup surge; hitbc listing and the crypto market bull run could not lead the WRX token behind
So how do we claim our 100 WRX SignUp Coins?
Luckily; I had signed up on the WazirX exchange sometime in November 03; 2019 and as you can see I was eligible for receiving 100 WRX coins
But back then the price of the token used to trade for pennies. And I left #WRX coins unattended lying there in the exchange; thinking one day if the price surges I'll come back. Finally, the price surged and I was able to sell 27 $WRX coins that were unlocked.
100 $WRX coins Unlocked Catagories
Yes; there are FOUR Categories in which the Wazirx team has bifurcated the 100 $WRX Signup coins.
Day Zero Unlock of 10 WRX Coins
When WRX coin got listed at that point in time 10 WRX coins were unlocked
On the day of WRX listing, 10% of your locked WRX tokens with a maximum limit of 5000 WRX will be unlocked. You can use your unlocked WRX tokens to trade, or pay trading fees (when it’s enabled), or simply HODL.
Trading Fee Unlock of 30 WRX Coins
These coins get unlocked soon after Day Zero i.e. once the WRX coin got listed. And you could only use these WRX coins specially for the trading fees purpose i.e. cannot trade/trasfer these coins on any crypto exchanges.
After Day Zero unlock, the balance amount of your locked WRX tokens are divided into three equal parts. One-third of your locked WRX tokens will be entirely unlocked in February and you can use to pay trading fees on WazirX.
Periodic Unlock; 30 #WRX Coins
As the name suggests every day a certain coin gets unlocked and this goes on till for 2 Years
As you can see from the above image out of the 30 WRX coins that I got in the Periodic unlock category; close to 0.041 WRX coins get unlocked daily and this will continue until I have been released 30 $WRX Coins
One-third of your locked WRX tokens will be unlocked in 24 equal parts at the end of each month over a period of 2 years. It starts from 31st May 2020 and ends on 30th April, 2022. You can use your unlocked WRX tokens to trade or HODL.
Volume Unlcok' 30 #WRX Coins
This is the most important category of the #WRX unlock coins. If you don't trade on the exchange you may land up losing your Volume Unlock #WRX coins. I wasn't aware of this part earlier and fell prey to it losing close to 9 $WRX Coins worth $33+
One-third of your locked WRX tokens will be divided into 8 quarters starting June 1 2020. The WRX amount is calculated and unlocked based on your daily C2C trading volume with a maximum of 12.5% every quarter. The unclaimed WRX for each quarter will be burned.
I hope now you all are aware of how to Unlock your 100 WRX Signup Coins. Remember the most important one of the WRX unlock coin category is the Volume Unlock - Just do some trade on the Wazirx exchange & you should be able to unlock #WRX coins for that quarter and then wait for the next quarter; do some trade and unlock #WRX coins accordingly. Don't wait for the coins to unlock themselves as my ignorance costed me close to $33+ but at the same time, I learned something new and also leveraged the FREE #WRX coins to buy myself 100+ BAT tokens.. Full details to come up in my next blog... #WRX Free Coins get me my first 100+ BAT Tokens for #FREE
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PS:: Image Credits:: wazirx; twitter
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