Wirex, the UK based digital payment platform, has announced the release of the Wirex Token (WXT), their first native cryptocurrency, in an Initial Exchange Offering (IEO) on the cryptocurrency exchange OKEx. The new token is designed to help users access unique rewards, save on fees and own their own share of Wirex.
The Wirex Token Initial Exchange Offering (IEO) takes place on the 26th of June 2019 through OKEx’s OK Jumpstart programme. 1% of the total supply of WXT will be available for public purchase on a first-come-first-serve basis at an initial price of $0.01 per token. To ensure that Wirex users don’t miss out on the token due to high demand, an exclusive pre-IEO sale will take place on the Wirex platform for verified users on the 13th of June. Only $2m worth of WXT will be released for the pre-sale at a fixed price, giving users the best possible value.
Wirex is considered to be a pioneer in the crypto market and launched the world’s first Visa card that allows customers to convert and spend their cryptocurrencies wherever Visa is accepted. The company now has over 2 million users in 130 countries and has processed over US$ 2bn of transactions. The company has also launched the first bitcoin reward programme and are the first platform to release 26 fiat-backed stablecoins in partnership with Stellar.