Fast Itemizing Initiative on WazirX

Namaste Tribe! “When extra tokens” — that’s what lots of you’ve gotten been asking us for therefore lengthy! Sure, we heard you and are enthusiastic about what we’ve in retailer for you. ?

Welcome to our new initiative to quickly record new tokens on WazirX. How? Learn on to seek out out.

First, right here’s somewhat sneak-peek into what occurs in a token-listing course of earlier than it’s lastly accessible so that you can commerce:

  1. Combine new blockchain
  2. Construct deposit module
  3. Construct withdrawal module
  4. Combine safety module
  5. Combine chilly wallets
  6. Combine scorching wallets
  7. Completely check complete token integration
  8. Combine buying and selling module
  9. Completely check buying and selling module
  10. Take a look at launch
  11. Go dwell ✅

There are a lot of extra steps, however for simplicity, I’ve listed solely the foremost duties above. Out of those, Duties 1 to 7 take probably the most time, and deposit and withdrawal modules kind an enormous chunk of those duties.

Proper now, we’re centered on taking WazirX to extra international locations, and our crew is working tremendous exhausting on going worldwide. As a consequence of this, token itemizing has taken a backseat. We all know that you simply are inclined to miss out on buying and selling alternatives for the cash not accessible on WazirX. So we brainstormed internally and that’s how the Fast Itemizing Initiative was born!

What occurs within the Fast Itemizing Initiative?

We’ll record tokens in our buying and selling markets with out enabling deposits and withdrawals.

It is going to be certain that you don’t miss out on alternatives to commerce any of your favourite tokens. What does it imply for you?

  • Deposits — You received’t be capable to deposit the token from one other pockets to your WazirX pockets.
  • Buying and selling — It is possible for you to to purchase, promote, commerce the token in our USDT and BTC markets with absolute ease.
  • Withdrawals — You received’t be capable to withdraw the token out of your WazirX pockets. What you are able to do as an alternative, is promote it in our USDT or BTC market.

When will deposits and withdrawals begin?

We can’t promise an ETA for the tokens that we record underneath our Fast Itemizing Initiative. We advocate you to solely commerce in these tokens in case your intention is to commerce or HODL. For those who plan to withdraw these tokens anytime quickly, then we advocate not buying and selling in them till we announce the withdrawal function.

Nonetheless, we’ll allow Switch Funds between Binance <> WazirX account function for these tokens so you possibly can nonetheless deposit tokens by way of Binance pockets at zero charge.

Purchase these tokens in case your intention is to commerce or HODL.

How will you usher in liquidity for these tokens?

We’re inviting everybody who can present liquidity to contact us. We’ll offer you a particular deposit tackle, and it’ll let you promote your tokens on WazirX. The minimal deposit eligibility for liquidity suppliers will likely be talked about within the weblog publish for every of the tokens which are listed underneath the Fast Itemizing Initiative. You’ll be able to contact us by filling up this manner right here.

We’ll begin itemizing the tokens from Monday, so keep tuned and maintain a watch out for our announcement on Twitter and Telegram.

Please recommend which cash we must always record subsequent as a part of our Fast Itemizing Initiative within the feedback under. ?

Disclaimer: Cryptocurrency isn’t a authorized tender and is at present unregulated. Kindly be certain that you undertake adequate danger evaluation when buying and selling cryptocurrencies as they’re typically topic to excessive value volatility. The data supplied on this part does not symbolize any funding recommendation or WazirX’s official place. WazirX reserves the precise in its sole discretion to amend or change this weblog publish at any time and for any causes with out prior discover.

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