Binance Reveal First Launchpad Project of 2020, WazirX

Binance Reveal First Launchpad Project of 2020, WazirX

The first Binance Launchpad project of 2020 has been announced, WazirX.

Binance Launchpad is the wing of the crypto platform by which they put their support behind innovative projects. Last year there were various projects of all shapes and sizes supported by this initiative and by working together with them they managed to raise their profile exponentially. Now the time has come for a new set of Binance Launchpad projects and they have unveiled details of the first of 2020, the Indian bitcoin exchange, Wazirx.

It is described by Binance as the most trusted within the sector of the industry it operates – mostly owning to the fact it has the world’s first auto-matching P2P (peer-to-peer) engine. The core aim of the platform is to solve the fiat-to-crypto currency conversion problem by simplifying the process of depositing and withdrawing fiat currencies which is precisely what the P2P solution solves. The platform also offers in the range of 80 digital assets on its platform, including Bitcoin, BNB, Bitcoin Cash, Litecoin and Dash, available to trade.

The Goal

While it is already established and prominent in India, on a wider scale it remains fairly obscure. This is precisely where Binance – who completed an acquisition of the firm in November – come in. Wazirx will still work independently but via the support they receive from Binance Launchpad they will be looking to expand and develop their business to cover other regions also. With a heavy emphasis on nations that are similar to India and where similar problems are present.

There are two ways by which Binance and their traders will be able to assist in this goal. The first of these is an IEO of Wazirx’s native token which works are the backbone of the platform’s ecosystem. This will happen on the platform on February 3, 2020, at 00:00 UTC with a lottery-format ticket claim. According to both firms’ CEOs, this will be a major step towards this goal.

Binance CEO and Founder, CZ (Changpeng Zhao), stated that “The WazirX token sale on Binance Launchpad will enable WazirX to introduce its technology outside of India and allow the Binance community, and beyond, to learn about and support the WazirX team.”

While his opposite number at Wazirx, Nischal Shetty, explained that, “WRX helped WazirX attract all the early crypto adopters in India, and currently, it’s the most popular exchange token in the country. The IEO of WRX will help us solve the fiat to cryptocurrency conversion problem globally for many more countries.”

WazirX Token Bounty

However, ahead of this, you can get involved in the project thanks to a bounty that is being held on Binance for the WazirX token where $100,000 worth will be up for grabs. These can be earned by users by completing 5 bounty tasks where are as follows.

Task 1: Buy a minimum of $10 USD equivalent via any of Binance’s fiat to crypto options.

Task 2: Complete a valid BNB trade (Buy or sell) during the activity period.

Task 3: Convert $10 or more of any eligible stablecoin to BUSD here.

Task 4: Refer a friend to open a Binance Futures account (Guide here).

Task 5: Complete a valid trade on any Binance Futures contract during the activity period.

The more tasks you complete, the higher share of rewards you will get. These have been detailed as follows:

  • Complete any 3 out of 5 tasks to share a prize pool worth $15,000 USD of WRX tokens.
  • Complete any 4 out of 5 tasks to share a prize pool worth $25,000 USD of WRX tokens.
  • Complete all 5 tasks to share a prize pool worth $60,000 USD of WRX tokens.

This will run from 2020/01/23 0:00 AM to 2020/02/02 0:00 AM (UTC) so you have up until 2 days before the IEO to get involved. Go to Binance now to get started!

Recently Similar News

casinoin-promotion etoro-promotion

Latest Guides

Latest News

AvaTrade,CFD Trading Platform,Investment,Trading

CFD Platorm’s Cite Oil As This Weekend’s Important Asset

Two CFD trading platforms have drawn attention to the value of oil and explained why it should be on the savvy traders shopping list this weekend. Both AvaTrade and have shared similar sentiments about the need to get involved with oil as the price is currently its lowest in 20 years. Oil’s price has […]

4 April, 2020
Binance,Exchange Platforms,Promotion

Win $1,000,000 at Binance Futures

Binance Futures has launched a new trading tournament where a prize pool of up to $1,000,000 worth of BNB tokens is up for grabs. This will be the second tournament that the platform has launched for their expanding project following a similar event taking place in January. This one is set to launch next week […]

3 April, 2020
Crypto Wallets,Promotion,Trezor

Last Day To Save 15% on Trezor Wallets

Trezor’s STAYSAFE Promotion is set to end within the next 24 hours.   If you have missed both of our two news post so far about the on-going promotion at Trezor where traders can save 15% when buying either one of their top quality hardware wallets – the Trezor One or the Trezor Model T -then […]

3 April, 2020
CEX,Cryptocurrency,Exchange Platforms,Investment

MATIC To Be Listed on CEX Next Week

The Indian-based project, MATIC is set to be the latest listing on the exchange platform, CEX with full trading to be in place by the end of next week. The listing will be somewhat of a world first in that it will make CEX the first and only platform in the world where you can […]

2 April, 2020
BitPanda,Cryptocurrency,Exchange Platforms

BEST Rewards Now Live At BitPanda

BitPanda has rolled out their new BEST rewards concept where players can earn up 12.78% of additional BEST every year. The new reward scheme will see the exchange platform give out these rewards to any trader who buys and holds the platform’s native token, BEST, in their wallets. On a monthly basis, the platform will […]

2 April, 2020
IQ Option,Trading

Learn Tips and Avoid Mistakes With New Guides from IQ Option

IQ Option have released two new guides that deal with two opposite ends of trading behaviour. These two new guides from the platform are the latest in a long line of guides that the platform have been busy rolling out in recent weeks. Some of these guides have focused on techniques, while others have focused […]

1 April, 2020
CFD Trading Platform,Exchange Platforms,Investment,Trading

XTB Offering Close Only on USFANG Stocks

XTB will be temporarily only offering the option to close three USFANG related assets. The changes will be affect USFANG and USFANG+ and USFANG all of which no new open positions will be made available until further notice. This means that if you are looking to start trading these then you will not be able to […]

1 April, 2020
Crypto Wallets,Promotion,Trezor

Trezor STAYSAFE Promotion Still Live

Last week, we let our users know about a coronavirus-orientated promotion where users will be able to save money on Trezor hardware wallets. There are now just a few days left for traders to get involved The deal will allow traders who want to purchase either the Trezor One or the Trezor Model T with […]

31 March, 2020