What is Wirex Pay (WPAY)?
Wirex Pay is a decentralized payment network designed to bridge the gap between Web3 and traditional finance. Built on the Polygon ZK architecture, it allows non-custodial wallets and dApps to issue cards, enabling users to spend their digital assets securely and seamlessly across over 80 million merchants in 200+ countries.
WPAY is the native governance token used for:
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Voting on Wirex Pay DAO proposals.
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Staking to secure the network.
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Node rewards and transaction revenue distribution.
Wirex Pay Innovations:
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ZK Technology: Ensures private, scalable, and gasless transactions.
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Restaking & Dual Staking: Enhances economic security by allowing WPAY, ETH, and BTC staking.
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Non-Custodial Infrastructure: Supports wallet and dApp integration for card issuance without third-party custody.
How Many WPAY Tokens Will There Be?
Wirex Pay’s total supply is fixed at 10 billion WPAY tokens. 20% of the supply is allocated for node operators, and the governance-driven distribution ensures decentralized control. Node operators will receive a share of transaction fees and governance rights based on their staking duration.
Who Are the Founders of Wirex Pay?
Wirex Pay was incubated by Wirex, a leading digital payments company co-founded by Pavel Matveev and Dmitry Lazarichev. With 6 million users globally, Wirex aims to bring decentralized finance into mainstream use through Wirex Pay’s innovative ecosystem.
Where Can I Buy WPAY?
WPAY will be available on major cryptocurrency exchanges following its token generation event (TGE) planned for 8ер October 2024.
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