The ZERO trading fees on @WazirXIndia is helping traders and it’s building up the liquidity. Still a long way to go but things are shaping up well 💪
We will introduce more INR trading pairs in a few days.
I understand the markets did not react well to the US Fed’s 25 bps rate cut.
Traditionally, rate cuts have led to an upward spike in Bitcoin’s price, but uncertainty around future rate cuts seems to be causing jitters across the markets.
Let’s see how the markets shape up this quarter on the back of the rate cuts, too early to judge.
Stay cautious, markets are volatile ❄️
Thanks!
1. Crypto trading and withdrawals, both start from tomorrow. We will continue to add more tokens to the trading and withdrawal list.
2. INR Withdrawals are already live.
The ACRA filing in Singapore was completed yesterday, 15th October, marking the scheme’s effective date! ✌️
As per the scheme, we need to restart @WazirXIndia before 30th October.
The team is working at full speed to make this happen, and we’re aiming to get it done even sooner.
We’ll share the exact restart date next week once preparations are finalized💪
Moving fast towards the WazirX restart!
Trading starts tomorrow, 24th October 🚀
0 Fee trading for minimum 30 days. We will try our best to extend even further! We want to be with our tribe and support you in whatever way we can.
Our focus is only YOU. We will do whatever it takes to help you be successful #WazirX
You can read everything here:
https://t.co/UpFuaeAi45
POR: On our journey to becoming the most transparent exchange, we’re taking a major step forward.
This POR dashboard by WazirX is just the beginning. But you don’t have to rely on our word alone. Soon, Coingabbar, a trusted third-party platform, will also display the POR on their platform.
A few things to clarify before any misunderstandings arise:
1. Custody Providers Coming Soon: We are in the final stages of onboarding third-party custody providers who have shown genuine enthusiasm to partner with us. The interest and support across the entire industry have been incredible. As we identify the best partner to help secure funds, you’ll see balances move under the ‘Third-Party Custody’ option, currently showing $0.00.
2. Exchange Partnerships: We’re actively reaching out to the three exchanges where funds are held, asking for permission to display their names. If granted, we’ll share them openly. If not, we respect their choice. Regardless, Coingabbar will verify balances through their APIs, adding another layer of trust.
3. Putting an End to Misinformation: We hope this transparency will lay to rest the unnecessary fear-mongering around crypto balances.
To WazirX tribe,
I’m truly sorry that you’ve had to endure speculation and worry around the token balances. Have faith in me, I’m here to ensure we handle everything with integrity and care 🙏❤️
https://t.co/eotb0kUyrI
Just make sure whatever you're doing or telling us is true because you're giving us the hope of which we are living.
Don't make us fool please, it's our request 🙏
@NischalShetty
In our unwavering commitment to transparency, we’re introducing the timeline calculator.
We know many of you have asked how long the restructuring process will take and what each step involves. Your questions & concerns matter to us, and we’re here to provide clarity.
This timeline calculator will give you a complete view of the restructuring journey 🙏❤️
https://t.co/oXbegIE3y8
We’ve emailed the complete process of the COC formation, roles and responsibilities etc.
The objective is to keep the process completely transparent.
The COC will help bring a balanced view and provide feedback as we work towards a speedy resolution 🙏❤️
We’re putting together a committee of creditors and we need YOU to be a part of it.
Our aim is to ensure every voice within the WazirX family is heard, bringing together diverse perspectives to create a solution that benefits us all.
We cannot face this challenge alone and we won’t succeed if we remain divided.
The path to resolution lies in unity, moving forward hand in hand, driven by the shared goal of a fair and swift outcome for everyone.
Please join us.
Let’s work together to resolve this in the best interest of our WazirX family.
Your support means everything 🙏❤️
We are working tirelessly to ensure full transparency and to achieve a faster resolution for the WazirX family.
Unfortunately, certain groups are spreading misinformation about the restructuring process. This process is taking place under a Singapore scheme of arrangement to resolve the asset gap caused by the cyberattack.
We kindly request that you stay cautious. Don’t let misleading tweets distract you from our efforts to resolve the situation.
We don’t want users to suffer, and it’s not in our interest to delay this process. The sooner we solve this, the better it will be for every member of the WazirX family.
We’re here for you and will do everything we can to resolve this swiftly 🙏❤️
@NischalShetty@NischalShetty we all know you are doing something good
We all have hopes with you and with your intelligence team
Please make us proud 🙏🙏🙏
#WazirX#wazirx
Agar aap sabhi ka support raha toh jald sort ho jayega brother.
Unity mein taakat hai. Agar ek saath sabhi restructuring par decision le toh jald sort ho jaayegi yeh problem 🙏❤️
I’ve been seeing hate towards those who are trying to send some kind words of support.
Please know that I’m sorry hate is directed towards you for being kind to me.
Please know that your support is keeping me going and I’m grateful for that ❤️🙏
I would request everyone to read the affidavit.
Don’t read someone else’s interpretation of it. Read it on your own. Note down questions you might have.
We will soon open a form to receive all your questions and then work on answering them.
It’s best to take an informed decision before taking a stand for or against something.
We’re here to answer all your queries, but I urge you to read the affidavit first 🙏