Wirex, the leading digital payment platform, is launching its native utility token WXT in an exclusive presale today before the initial exchange offering goes live on OKEx.
London, 24th June 2019 – Today, Wirex - the market-leading digital payment platform - releases their Wirex Token (WXT) to verified users before the official Initial Exchange Offering (IEO).
The pre-IEO sale is an exclusive opportunity for existing customers to purchase WXT on a first-come-first-serve basis. Due in part to overwhelming response in the lead-up to the presale, Wirex decided to postpone it by 11 days. This allowed them to restructure the presale process, making it fairer and ensuring that the tokens can’t be snapped up by a few individuals.
Wirex also increased the amount of WXT available during the presale by 50%, which means that 3% of the total Wirex Token supply will be released at a fixed value of $0.01 per token. This exclusive price lasts until the presale ends at 20:00 GMT on the 30th of June 2019. Wirex Tokens purchased during this period are subject to a 6-month lock-up period.
Full details of the Wirex Token Initial Exchange Offering (IEO) will be announced through OKEx’s OK Jumpstart programme shortly. Up to 2% of the total supply of WXT will be available to the market at an initial price of $0.01 per token. The Wirex Token IEO represents the fourth such project undertaken by OKEx, who have developed a reputation for successful new token releases.
The Wirex Token is designed to help users access unique rewards and save on fees.
Owning WXT unlocks a plethora of benefits for Wirex users, based on the number of tokens held:
Wirex Discounts: Users can enjoy exclusive discounts (up to 100%) on a range of fees and charges, including exchange fees, bank transfer fees, withdrawal fees, credit/debit card top-ups, monthly management fees, ATM charges and Swift transfer fees.
Enhanced Cryptoback™: Wirex users currently earn 0.5% in crypto on in-store spending with the Cryptoback™ rewards programme. The release of WXT will soon allow cardholders to super-charge these rewards and earn up to 1.5% on all in-store purchases made with the Wirex Visa card.
Premium Access – coming soon: WXT holders stand to enjoy a range of premium features in late 2019, including the premium Wirex Visa card, bespoke merchant offers, concierge services, airport lounge entry and early access to the latest Wirex innovations.
Funds raised through the IEO will enable Wirex to accelerate its growth whilst bringing the company closer to its ultimate goal: to democratise access to fast, low-cost international remittances and empower retail and corporate customers to use their cryptocurrency in day-to-day life.
Pavel Matveev, Wirex CEO, explains: “We believe that the nascent token economy will eventually replace conventional fiat currency as the dominant form of payment. The Wirex Token helps us integrate with the payment environment of the future and offers users a convenient, fast and cost-efficient way to move digital money across borders.”
Wirex is a pioneer in the space; they conceived the world’s first crypto debit card, the first bitcoin reward programme and will be the first platform to release 26 fiat-backed stablecoins in partnership with Stellar.
For more information, read the WXT Whitepaper or contact:
Amelie Arras | PR and New Media Communications
Wirex is a UK-based, FCA-regulated fintech company which provides its customers with an alternative to conventional financial institutions by connecting traditional and new digital ecosystems on one borderless payment platform.
Wirex’s platform gives its customers the power to use their money, their way. Whether they use cryptocurrencies, traditional currencies or both, Wirex’s advanced solutions ensure that their customers no longer have to deal with the traditional barriers or costs associated with a simple exchange or transaction.
Wirex is a pioneer in the crypto market and launched the world’s first Visa card that allows customers to convert and spend their cryptocurrencies wherever Visa is accepted. The company now has over 2 million users in 130 countries and has processed over US$ 2bn of transactions.