The WXT Token, first launched by Wirex in 2014, started as a loyalty token but now supports multiple blockchains like Ethereum and Polygon, marking its foray into Web3 and DeFi. Its key feature is the X-tras rewards program, offering up to 4% back on Wirex card purchases and up to a 12% annual Savings Bonus. Multi-chain support enhances its utility, allowing for deep integration with various DeFi and Web3 applications. A rebranding in October 2022 and partnerships like that with Nereus Protocol reflect its expanding role. WXT serves as a bridge between traditional and decentralized financial systems, aiming for greater inclusivity and efficiency. The tokenomics remain unchanged with a 10 billion total supply, half held by Nereus Protocol.
