Wixlar (WIX)

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Wixlar is a decentralized  cryptocurrency that will work to serve over 12 services to a broad category of users such as the public, companies, and individuals.

Joke Name

Wixlar = Payment Features

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (WIX)

Coin or Token

Circulating Supply (73 Million)

Total Supply (5.3 Billion)

Market Cap Ranking

Review

WIXLAR is a decentralized cryptocurrency that will work to serve over 12 services to a broad category of users such as the public, companies, and individuals. The cryptocurrency will work under the WIXLAR platform from where users get to trade in products and services through an offline and online system. Also, the decentralized network will improvise the WIXLAR API to utilize Wixlar coins as the primary mode of payment for the platform.

Crowdsale:

Registered in Cyprus, the Wixlar project managed to raise nearly $8 000 000 during the duration of the ICO.

Key Features:

  • Digital Payments App
  • Advantages

Digital Payments App

To achieve the provision and payments, WIXLAR plans on incorporating different services to serve the users. These features services will include:

  • Wixlar Wallet- users, will hold their Wixlar coins in a secure wallet on their devices be it a computer, phone, laptop or tablet. The portfolio is available for download for several systems including Windows, Linux, Mac, and Android
  • MasterCard- Wixlar will have a Global MasterCard to allow coin holders to convert their digital currency into fiat and withdraw from any ATM
  • Exchanges- the Wixlar coin is also exchangeable with different fiat currencies on different exchange portals
  • Smart Contracts- users with their own companies or groups looking for intelligent contracts can get to create their version of digital assets and shares
  • Credit letter- transactions between buyers and sellers, will include a verification letter to confirm the process.
  • E-commerce portal-get to buy technology products from Wixlar’s E-shop
  • Academy for educative material Wixlar will provide for research materials, references, and reports
  • Rewards-users can also earn free Wixlar coins by completing an easy task.
  • Freelancing-freelancers also get a global online marketplace to sell their service to a worldwide customer audience
  • Lottery platform

Advantages

If you are an everyday merchant, Wixlar stands to provide a range of benefits. Additionally, the average customer gets to gain as part of the ecosystem. Here is what the services could offer you:

  • Convenience due to the use of applications and rate of transactions
  • Speedy payments
  • Secure, instant and low fee transactions
  • Seamless connection to buyers and sellers
  • Wixlar TV will broadcast and live stream the latest information in the technology and business sector

Problems:

Implementation of services is a key factor for WIXLAR’s success. So far the project has some partnerships but they’re nothing too big or global.

Conclusion:

As probably the most robust challenge, mass adoption of cryptocurrency could make or break Wixlar. While there is no idea on whether Wixlar could outlive its initial phase, it is always wise to consider the risks that you could face from investing in the platform. Key among them is to analyze the potential of the whole project. In Wixlar’s case, the services are indeed unique, but the success of the project will ultimately depend on how the levels of adoption within the larger crypto community.

Pros

  • Lots of features

Cons

  • No direct backing (asset, profits, commodity)
  • Low volume