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WXT
About WXT
The WXT Token, first launched by Wirex in 2014, started as a loyalty token but now supports multiple blockchains like Ethereum and Polygon, marking its foray into Web3 and DeFi. Its key feature is the X-tras rewards program, offering up to 4% back on Wirex card purchases and up to a 12% annual Savings Bonus. Multi-chain support enhances its utility, allowing for deep integration with various DeFi and Web3 applications. A rebranding in October 2022 and partnerships like that with Nereus Protocol reflect its expanding role. WXT serves as a bridge between traditional and decentralized financial systems, aiming for greater inclusivity and efficiency. The tokenomics remain unchanged with a 10 billion total supply, half held by Nereus Protocol.
The WXT Token, formerly known as the Wirex Token, is a versatile cryptocurrency that has evolved from its initial purpose as a loyalty token. As of 2022, WXT is supported on multiple blockchains including Ethereum, Avalanche, Polygon, and Stellar. This multi-chain support reflects WXT's commitment to further decentralization and expansion into the Web3 and DeFi ecosystems.