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Wazirx 7th Burn Event

By : Profectus Magazine   /   17 Feb 2022  /   Finance /   Cryptocurrency

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Wazirx 7th Burn Event Date | Wazirx Next Burn Event Date Schedule

WRX is the utility token of WazirX. WRX token is based on the Binance blockchain. Its total supply is 1 Billion. The token holders will be rewarded with various benefits on the trading exchange like trading fee discounts, WRX trade mining, token airdrop, margin fee, and more.

What is Token Burn Event

The process of token burn is a deflationary measure to reduce the circulating supply of a token. Every quarter, when a token supply continues reducing, it causes the value of the token to increase. As WazirX continue burning WRX periodically and its value keeps increasing, the early holders of WRX may get benefit the most from it.

As the trading volume on WazirX increases, the amount of WRX burned every quarter will increase as well. WazirX is always working on adding more amazing features to make trading experience better than before on WazirX! Make sure to invite your friends to WazirX and earn 50% referral commission on their trading fees.

Wazir X Quarterly Burn Events

Wazirx always organized Burned Event every 3 months (Quarterly). So, Wazirx completed the 5th Burn Event on the date of 30th July 2021 And the Wazirx organizes the 6th Burn event on 09th November 2021. Wazirx did not complete the 6th burned event on the last of October and they complete the 6th burned event on 9 Nov 2021 which is nearly 3 months 10 days from the Wazirx 5th Burn event

So, here we can say that the most predicted date of the Wairx 7th Burn event is On the 2nd Week-3rd Week Of February.  So, If you are a Wazirx token holder, Don’t worry because you may see price fluacations of the Wazirx token during burn event

History of Wazirx Burn Event

Event

Burn Event Date

No. Of Wazirx Token Burned

Total value of Wrx Burned (INR)

Wazirx 1st Burn Event:

July 5th 2020

833,333 WRX Tokens

~ ₹92 Lakhs

Wazirx 2nd Burn Event:

Oct 13th 2020

3,333,333 WRX Tokens

 ~ ₹2.47 Crores

Wazirx 3rd Burn Event:

Jan 20th 2021

6,533,333 WRX Tokens

~ ₹5.08 Crores

Wazirx 4th Burn Event:

April 15th 2021

3,753,333 WRX Tokens

 ~ ₹112 Crores

Wazirx 5th Burn Event:

July 30th 2021

  7,333,333 WRX Tokens

~ ₹61.2 Crores

Wazirx 6th Burn Event:

Nov 9th  2021

5,933,333 WRX Tokens

~ ₹74.8 Crores

Wazirx 7th Burn Event:

February (2nd-3rd Week)

(Waiting)

(Waiting)

Now, let’s see the price fluctuations during each burned event. By this, you can understand that how many price fluctuations you can see during the 7th Burned Event.

Price fluctuation of Wazirx Token During Each Burned Event

Event

Price Before Burn Event

Price on During Burn Event

Price After Burn Event

Wazirx 1st Burn Event: July 2020

₹10.40

₹11.01

₹10.28

Wazirx 2nd Burn Event: Oct 2020

₹7.54

₹7.58

₹7.45

Wazirx 3rd Burn Event: Jan 2021

₹8.55

₹8.30

₹7.90

Wazirx 4th Burn Event: April 2021

₹325.00

₹349.00

₹305.00

Wazirx 5th Burn Event: July 2021

₹88.12

₹86.80

₹85.90

Wazirx 6th Burn Event: Nov 2021

₹133.24

₹135.80

₹133.52

Wazirx 7th Burn Event: Expected Feb 2022*

Coming Soon

Coming Soon

Coming Soon

(Price mentioned above is High of 1 Day Before Event , High of Burn Event Day and High 1 day after Event)

Do Your Own Research Before Investing in Cryptocurrency

Disclaimer: Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position.

 

Tags

wazirx, wrx token, cryptocurrency, token burn, wazirx burn event, wazirx next burn, India, crypto exchange, nischal shetty, Home

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