Singapore Oct. 29, 2021. WadzPay Token (WTK) is now listed on Bitrue.com, a leading digital asset management platform for Bitcoin (BTC), Ether (ETH), Ripple (XRP), XinFin (XDC) and more. Bitrue is among the top 20 digital currency exchanges in the world by volume. Users can trade WTK on Bitrue.com starting October 29, 2021.
The WTK utility token is a crucial element of the WadzPay ecosystem as it enables customers to access payment-focused products and services. The token is designed to drive the adoption of the payment platform while rewarding its users for their loyalty and good behavior. WTK allows for faster, cheaper and more efficient settlements within the network and opens up additional services on the platform. WTK will also provide liquidity to support the WadzPay remittance program. WTK is designed to reward token holders with a limited, deflationary supply. October was a record-breaking month for WTK, where it occupied the top spot for the fastest growing tokens in the market on multiple days, according to Cryptorank.
WTK will also have a vital role in the realization of WadzPay’s drive for interoperability between payment protocols and will aid in enabling conversion between CBDCs, stablecoins and cryptocurrencies by bridging the ‘old world’ of fiat-based payments with the ‘new world’ of digital payments.
Other benefits for WTK users are priority access to new features, and faster, cheaper, and more efficient settlement within the network.
“The WTK community has rapidly grown, with the token capturing the attention of digital currency influencers such as Crypto Eri (150,000+ followers). The Bitrue listing was made possible partially due to the fervor surrounding the brand and our achievements. This partnership with Bitrue is a testament to the demand and support for WTK and our desire to work with top-tier like-minded partners who have an interest in transforming the payments space, as well as financial inclusion.” Stated Stas Madorski, senior vice president—Blockchain Marketing, WadzPay.
Over 46 million were cast for WTK on the Bitrue community vote in support of the token's listing in 24 hours, marking a record-breaking number of votes, added Stas.
WTK first debuted on the BitMart digital asset exchange platform, with over two million users, in November 2020, selling out their initial Exchange offering in only 11 minutes. Bitrue, which has over four million users, will be the second exchange to list WTK.
"We are exceedingly pleased to be the newest official supporter of WadzPay, which is happening after we received countless messages from their loving community asking for cooperation. It's important for us as an exchange to align and partner with companies who are building products and services which have genuine use-cases in order to build trust, and we are sure that WadzPay and the WTK token have a bright future ahead of them," said Adam O'Neill, chief marketing officer of Bitrue
Bitrue.com is a digital asset exchange based in Singapore. The platform was launched in 2018 by a group of blockchain enthusiasts. Apart from spot trading, Bitrue.com has also launched an “interest-earn program”, supporting over fifty cryptocurrencies. Bitrue also launched crypto-backed loan services.
About WadzPay Token (WTK)
Availability: WTK is currently available on BitMart.com and Bitrue.com exchanges with WTK-USDT trading pairs.
Supply: The token has a limited 250 million total supply and its supply will be reduced via buybacks and burns until it reaches 125 million.
Protocol: WTK is currently built on Ethereum’s ERC-20 protocol and will also be available on XinFin’s XRC-20 protocol in Q4, 2021.
WadzPay is building an interoperable and agnostic blockchain-based payments ecosystem. The company was founded in 2018 in Singapore and is currently operating in South East Asia, South Asia, the Middle East and Africa. WadzPay saw the potential for CBDCs and digital assets to lead the next revolution in the payments industry by enabling faster payments, improvements in security and cost-efficiency with optionality. WadzPay is working with large international payment companies, banks and global companies to enable digital asset-based transaction processing and settlement.
Find more information at https://www.wadzpay.com/
Launched in July 2018, Bitrue is a diversified cryptocurrency exchange with support for trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. They have offices worldwide and continue to develop new features at a rapid speed to fully service the new wave of the digital economy.
Find more information at www.bitrue.com
Vice President of PR & Communication WadzPay