Dear Users,
Due to popular demand. BingX Spot will add 1 trading pair on 2024-03-04, 12:00:00 (UTC+0).
• Asset: WX
• Trading Pair: WX/USDT
• WX Deposit Time: 2024-03-04, 10:00:00 (UTC+0)
• WX Withdrawal Time: 2024-03-05, 12:00:00 (UTC+0)
About Weave6 (WX)
Weave6 (WX) is a cryptocurrency associated with the Weave6 platform, a self-described "one-stop full-chain asset trading platform." Launched in 2021, the platform aims to offer users a comprehensive suite of tools for managing their crypto assets across various blockchains.
Key features of Weave6:
- Cross-chain and full-chain standard infrastructure: This allows users to seamlessly interact with and manage their assets on different blockchains within a single platform.
- Indexers, markets, and launchpads: Weave6 integrates various functionalities, enabling users to discover and invest in crypto projects, trade assets, and participate in initial decentralized exchange offerings (IDOs).
- Full-chain NFT and inscription asset support: DApps (decentralized applications) can leverage Weave6 to launch and manage their non-fungible tokens (NFTs) and other blockchain-based assets across multiple chains.
What Weave6 Token Can Be Used for?
The Weave6 (WX) token serves several purposes within the Weave6 ecosystem:
1. Covering transaction fees: WX tokens can be used to pay for various transaction fees on the Weave6 platform, including:
- Inscription transaction fees: When users create or modify inscriptions (data embedded on the blockchain) on Weave6, they need to pay fees using WX tokens.
- Cross-chain bridge fees: When transferring assets between different blockchains using the Weave6 bridge, users incur fees payable in WX tokens.
- Omnichain NFT/inscription transaction fees: Similar to regular transactions, buying, selling, or transferring omnichain NFTs (NFTs existing on multiple blockchains) and inscriptions involve fees paid in WX tokens.
2. Accessing decentralized indexing services: Weave6 offers a decentralized indexing service that helps users organize and optimize their assets. Accessing this service requires payment in WX tokens.
3. Governance: While not fully implemented yet, WX tokens are intended to play a role in the future governance of the Weave6 platform. Token holders might be able to vote on proposals and decisions impacting the platform's development and direction.
Investment Risk Warning:
Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks and invest prudently.
Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.
BingX Operation Team
2024-03-04
BingX Official Channels
Risk Disclaimer
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
BingX attaches great importance to compliance and strictly abides by local regulations. Please obey local laws and regulations in your country or region. BingX reserves the right in its sole discretion to amend, change, or cancel this announcement at any time and for any reason without prior notice.
