Equity Overview
Price & Market Data
Price: $0.00198
Daily Change: -$0.0₄13 / 0.65%
Range: $0.00194 - $0.00203
Market Cap: $19,849,594
Volume: 1
Details
The Wirex Token (WXT) is a unique multi-blockchain cryptocurrency that powers the X-tras rewards program. WXT is built on both the Stellar Network and Ethereum blockchain for maximum speed, efficiency and flexibility.WXT has been chosen as the native token for revenue generation within the Nereus protocol. Staking WXT with Nereus will enable users to receive 50% of all revenue generated through lending within the protocol. As a mechanism to incentivise participation, WXT rewards will be received by both lenders and borrowers. Rewards may be redeemed immediately for a penalty, or after a three-month lock up. Those wishing to immediately redeem the reward will pay a 50% penalty, which will be cycled back to the users opting for the three-month lock up. This method incentivises users to hold WXT within the protocol with continuous rewards for doing so. There are two mechanisms for receiving rewards; staking WXT to receive protocol fees, and locking WXT to benefit from the ‘exit’ fees of those taking rewards immediately.Wirex | NereusWirex Token (WXT) on EtherscanWirex Token (WXT) on StellarWirex Token (WXT) on AvalancheReddit | Medium Wirex | Medium Nereus | Twitter Wirex | Twitter NereusWhitepaper Wirex | Whitepaper Nereus