WazirX (WRX) is an ERC-20 token native to the WazirX ecosystem, a prominent cryptocurrency exchange in India. Founded by Nischal Shetty, Sameer Mhatre, and Siddharth Menon, it offers a platform for buying, selling, trading, and investing in various cryptocurrencies. WRX serves multiple purposes: it offers fee discounts on the platform, can be staked for rewards, is integrated into new product launches, and is periodically “burned” to affect its scarcity and value.