WPAY: Wirex Pay’s Native Token Explained

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Wirex vs. Wirex Pay 

Wirex and Wirex Pay have different purposes. 

  • Wirex offers traditional financial services, such as crypto debit cards and fiat-to-crypto exchanges. 
  • Wirex Pay, however, is built on blockchain and focuses on decentralized payment systems. 

WPAY powers Wirex Pay, while WXT supports Wirex’s traditional services. 

How WPAY Tokenomics Work 

WPAY’s tokenomics are designed to keep Wirex Pay sustainable and rewarding for users. Below is a summary of WPAY distribution: 

Category 

Allocation 

Details 

Node Operators 

20% (2B WPAY) 

2-month lock-up, released gradually over 60 months to support the network. 

Team Allocation 

20% (2B WPAY) 

12-month lock-up, then released over 36 months. 

Point-based Airdrops 

5% (500M WPAY) 

For early users, 3-month lock-up, released over 9 months. 

Staking Rewards 

12.86% (1.29B WPAY) 

Locked for 6 months, released over 60 months to promote long-term stability. 

Liquidity & Market-making 

4% (400M WPAY) 

Ensures exchange liquidity, locked for 7 months, released over 24 months. 

Treasury Allocation 

38.14% (3.81B WPAY) 

Supports future projects and growth. Released gradually over 67 months. 

WPAY vs. WXT 

The Wirex ecosystem includes two main tokens: WPAY and WXT. 

  • WPAY: Powers governance and rewards in the Wirex Pay network. 
  • WXT: Used for traditional Wirex services, like debit cards and exchanges. 

WPAY Roadmap and Future Plans 

Wirex Pay launched its mainnet on August 28, 2024, enabling full operation, including staking and governance. Future plans for WPAY include: 

  1. Governance Token Launch: Already in place, users can vote on proposals such as network upgrades. 
  2. Partnership Expansions: Plans to collaborate with more web3 projects to increase WPAY’s utility. 
  3. New Staking Options: Flexible staking periods will attract different types of holders. 
  4. Wirex Pay DApp Enhancements: Improvements like a better user interface and new DeFi features are on the way. 

Why WPAY Matters 

WPAY is more than just a token. It is central to Wirex Pay’s decentralized ecosystem. By using WPAY, users gain governance power and are rewarded for their contributions, making it an essential part of the network’s future growth. 

Always prioritize safety when dealing with decentralized ecosystems and crypto tokens.