The Wirex Pay Token ($WPAY) is the native cryptocurrency of the Wirex Pay network. It is a core component of the Wirex Pay ecosystem, serving as a primary medium of exchange for transactions within the network.
Key Functions of WPAY
- Facilitating Payments - $WPAY is used to pay for various services on the Wirex Pay network, such as purchasing node licences, card orders, membership and others.
- Governance - $WPAY holders have the right to participate in the governance of the Wirex Pay network by voting on proposals and decisions that affect the future of the platform.
- Staking – Users can stake their $WPAY tokens to support security and operation of the network, and in return, they earn rewards in the form of additional $WPAY tokens.
- Security and Quality Assurance - $WPAY is used to incentivize participants in the network to maintain the security and quality of the services provided.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article