OKEx, one of the leading cryptoasset exchanges, has announced that Wirex (WXT) is to be the fourth project to launch on its Jumpstart Platform on July 1st.
A UK-based, FCA (Financial Conduct Authority) regulated company, Wirex offers a crypto and fiat currency integrated Visa card. Supporting multi-currency accounts, fund transfers and exchange services, the Wirex card allows users to spend crypto anywhere that VISA is accepted.
What’s particularly interesting for bitcoin investors and long-term HODLers, is that the Wirex card also offers 0.5% BTC cashback on all in-store purchases using the card - including restaurants, shops and transport.
Andy Cheung, Head of Operations at OKEx, explained why the exchange was happy to work with Wirex:
It is delightful to see the project finally launching and we have been so excited to work with the Wirex team. We are here to connect the crypto and the traditional markets, and at the same time, we are dedicated to support an emerging blockchain financial ecosystem, to cater the shortfall from the current economy.
Pavel Matveev, Wirex CEO added:
As one of the world's biggest exchanges with a proven track record of successful IEOs (initial exchange offerings), we're delighted to release the Wirex Token through OKEx. Their Jumpstart programme is the benchmark for new, innovative token offerings like WXT.
The demand for IEOs in 2019 is continuing apace. The ICO run of 2017 left many investors disillusioned with the concept of token sales. With exchanges vetting the projects, and the ability to trade tokens instantly, IEOs seem to be offering an improved version for 2019. OKEx subjects prospective projects to due an extensive due diligence process, evaluating them across 105 criteria before approving them for sale on its platform, IEO platform, Jumpstart.
All of this has meant that there has been enormous demand for projects launched this year on Jumpstart, and the fourth launch looks set to follow in their footsteps.
400,000,000 WXT will be available at the token sale on OK Jumpstart on July 1st, 2019 at a price of $0.005 per WXT. OKB is the only token accepted for subscription and settlement with an exchange rate to be confirmed by the price on launch day. There will still be 2 subscription sessions to cater the needs of all users.
The first subscription aession opens at 06:00 (CEST, UTC+2) with a supply of 200,000,000 WXT. and the second subscription session opens at 07:00 (CEST, UTC+2) with a supply of 200,000,000 WXT