Wirex, a hybrid personal finance platform that merges
blockchain tech and traditional finance, announced on Monday the release of the
Wirex Token (WXT), its first native cryptocurrency, in an Initial Exchange
Offering (IEO) on OKEx.
According to Wirex, the new token is designed
to help users access unique rewards, save on fees and own their own share of
Wirex. While sharing more details about the token, Pavel
Matveev, Wirex CEO, stated:
“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 offer
users a convenient, fast and cost-efficient way to move digital money across
borders.”
Wirex is holding an
IEO (Initial Exchange Offering) for WXT on the 26th of June. A limited number
of WXT tokens ($1m worth) will be released for sale through the OKEx Jumpstart programme. Previous IEOs have sold out within mere minutes;
given the limited number of tokens for sale and the high demand for WXT,
there’s a possibility that people could be disappointed.
Luckily, there’s no need to take that chance. To thank all verified Wirex customers exclusive early access to the Wirex token on a first-come-first-served basis. On the 13th of June 2019, a limited supply of WXT (2%) will be available to buy through Wirex at a start price of just $0.01 per token.
Giving users the best possible value.
The company added the funds
raised through the IEO will enable it to accelerate its growth whilst bringing
the company closer to its ultimate goal, which is to democratize access to
fast, low-cost international remittance and empower retail and corporate
customers to use their cryptocurrency in day-to-day life.
