Wirex Pay Price

Wirex Pay (WPAY) is a cryptocurrency launched in 2024 on the Polygon platform. It's currently ranked #407 with a price of $0.1701, showing a -0.83% change in the last 24 hours. Wirex Pay has a total supply of 10 billion tokens with a self-reported circulating supply of 581.4 million. The token has a market cap of $98.89M and a 24-hour trading volume of $486.69K. Wirex Pay operates as part of the Polygon ecosystem and serves as the native token for the WirexPay blockchain platform. The project aims to provide decentralized payment solutions with features including staking options and advanced trading tools. For more information, users can visit the official website or join their community channels on Telegram and Discord.

Wirex Pay was created on October 7, 2024, when it was officially launched on the Polygon platform. The cryptocurrency operates as a token within the Polygon ecosystem with a total supply of 10 billion WPAY tokens. Since its launch, Wirex Pay has established itself as part of the growing Web3 payment solutions landscape, focusing on providing decentralized financial services.

Wirex Pay was founded by Pavel Matveev and the Wirex team. Pavel Matveev serves as the CEO and co-founder of Wirex, the company behind Wirex Pay. The cryptocurrency was launched in 2024 on the Polygon platform with the mission to revolutionize digital asset use in everyday life by seamlessly integrating cryptocurrencies with traditional transactions. The founders aimed to bridge the gap between digital assets and daily transactions, creating a practical cryptocurrency solution beyond mere investment purposes.

Wirex Pay operates on the Polygon blockchain as a utility token with a total supply of 10B WPAY. It functions through a proof-of-stake consensus mechanism where validators secure the network and process transactions. WPAY holders can stake their tokens to earn rewards while supporting network security. The token has multiple use cases within the Wirex Pay ecosystem: it serves as a governance token allowing holders to vote on protocol changes, provides transaction fee discounts, and enables participation in the platform's DeFi services. Wirex Pay's value is currently $0.1701 with a 24-hour trading volume of $486.69K. The token's market cap stands at $98.89M, ranking it #407 among cryptocurrencies. Since its launch in 2024, WPAY has maintained steady growth, with a current circulating supply of approximately 581.4 million tokens.

Wirex Pay operates on a multi-layered technical architecture built on the Polygon platform. At its core, it uses a Proof-of-Stake consensus mechanism that enables fast and cost-effective transactions. The architecture includes: 1. Base Layer: Built on Polygon's infrastructure, leveraging its security and scalability features. 2. Smart Contract Layer: Implements ERC-20 token standards with custom governance functionalities. 3. Governance Framework: Enables token holders to participate in network decisions through a DAO structure. 4. Node Operation System: Incentivizes validators who maintain network integrity. 5. Cross-Chain Compatibility: Allows for interoperability with other blockchain networks. The total supply is capped at 10B WPAY, with 581.4M WPAY currently in circulation. This architecture supports Wirex Pay's primary functions as a governance token for voting, staking, and incentivizing node operations within the Wirex Pay ecosystem.

Wirex Pay has a promising future with a well-defined roadmap that's progressing according to plan. In the near term, Wirex Pay is focusing on expanding its ecosystem through strategic token listings on major cryptocurrency exchanges. The development team is actively working on introducing new utilities to enhance the token's functionality and adoption. Key upcoming milestones include: 1. The launch of a dedicated Wirex Pay P2P Exchange platform, enabling direct peer-to-peer transactions 2. Development of a secure Wirex Pay Wallet featuring robust two-factor authentication 3. Continued expansion of token listings across additional exchanges These initiatives aim to strengthen Wirex Pay's position in the crypto market while providing users with more accessible and secure ways to utilize the token. With a total supply of 10B WPAY tokens and growing market presence, Wirex Pay is positioning itself as an innovative solution in the blockchain payment space for 2025 and beyond.