Binance Controls WRX Token, WazirX Reveals
WazirX revealed that Binance conducted the WRX token IEO (Initial Exchange Offering) and kept all the proceeds from the sale that amounted to nearly $2 million. advertisement Binance holds 580.78 million WRX tokens WazirX announced in a blog post that Binance is currently holding a total of 580.78 million locked and unlocked WRX tokens. From the unlockedWRX tokens, Binance transferred a total of 116.8 million(11.68% of the total supply) to a treasury account of Binance on Binance .com in four transactions on various dates, the Indian exchange revealed. WazirX further clarified that their team did not receive any token allocations from Binance . Binance failed to conduct quarterly WRX burn WazirX revealed that Binance is responsible for conducting the quarterly burn of WRX tokens. The last WRX burn event for the quarter of Oct – Dec 2021 was executed by Binance on the unlocked token on 9th March, 2022, where $6 million worth of WRX were burn...