Siddharth Menon | Tegro
@BuddhaSource
Followers
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Following
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Founder @TegroFi @WazirXindia @Crowdfire. Building Gen2 DEX - Gas efficient, Real time Quotes & HFT friendly.
Metaverse
Joined April 2009
Big day for crypto in India 😬. I am feeling more positive. 🤝.
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Instant deposit via UPI is live for all users. ✌️.
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🧵Microtransactions have revolutionized the gaming industry, evolving from a novel revenue model to a major industry player. Here's a thread tracing the journey of microtransactions and their incredible growth.👇
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The banks don't care about the crypto community or supreme court orders. It's a battle that we all have to participate in. We are doing our part. #IndiaWantsCrypto.
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While this is not financial advice. I would still urge everyone to take an informed decision. Avoid panic sell. Wait for more clarity.
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This is huge, Crypto is finally getting regulated in India. - It is not seen as a threat.- Classified as "Digital Assets".- The old 2019 Bill is outdated (So no ban). #IndiaWantsCrypto #WRX 💪
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Please don't use UPI for deposits. Axis Bank doesn't support Crypto community, so they've disabled the UPI service for crypto business, ignoring Supreme Court's verdict. We’ve removed this option from our app. Reach out to your banks & request them to support you; Crypto users.
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About WazirX <> Binance off-chain transfers. - Both the accounts are operated by the same owner, linked by the same email. - No third-party transfers, unlike blockchain transfers. - KYC is a mandate for withdrawals. - Account linking is permanent.
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Yr 2000.When dotcom boom was happening, India missed the opportunity because of Internet infra. Talented Indians moved to Silicon Valley & now leading many tech companies. Yr 2022.WEB3 could be india’s chance to attract talent & capital. I hope our govt sees a big picture ✌️.
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This time will pass too. Believe in what you believe.
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The clarity on crypto tax is such a positive move by our government 🙏✌️. This essentially removes doubt of illegal vs legal for those who are still wondering. Now waiting for Banks to support us.
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Doge fans, we have hit another all time high volumes. You may be experiencing slow down our team is working on it to make things faster!. Is Doge going against the market?.
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WazirX did its first billion-dollar week. Last week we clocked 1.2billion in volume. Highest for any Indian exchange. India is making records. Thanks for your support 🙏.#IndiaWantsCrypto #bitcoin.
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We have reached a scale where banks cannot process our user's deposits. They are not able to scale transactions per second, need 4x more capacity. As a result bank has disabled IMPS deposits till they can scale. Their entire system is down. We are getting you a solution.
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It's easy to ignore mistakes. Difficult to face it and address it. This is the path to perfection. We are here for you. #WazirXCares.
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I can’t be more proud to work along with @NischalShetty. During the darkest times of Indian Crypto industry, he stood up to be vocal about the good side of crypto. We didn't want to repeat what 90s parents thought of the internet; It's only for porn. 1k days of #IndiaWantsCrypto.
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Govt sources say, no ban on Cryptocurrency. Regulations for misuse are good.
#Breaking | #Exclusive | Top Government Sources on Cryptocurrency Regulation: There is no ban on #Crypto. A regulation mechanism will be in place so that it’s not misused. #CryptoNews . (Exclusive Input: @manojkumargupta). @maryashakil shares more details with @JamwalNews18
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👏 Disruptive technology brings disruption & our nation must adapt to changing times to stay relevant.
We are living in the world of web 3.0, either we choose to bite the bullet or we dodge the bullet. #DigitalAssets #Crypto #CryptoTax #Blockchain
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If you believe crypto is the future of finance then there are tons of opportunities for you. This industry is still at an early stage, with a lot of solutions to be built. Start building. #BuildForCrypto.
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A lot of improvements are coming for the next 2 weeks. We learned a lot in the last 2 weeks, we are making some major improvements. Starting with deposits and withdrawals, we are slowly opening it to everyone. And app performance too. Thanks for your support. 💪.
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The worst thing you can do during Covid crises is to do nothing. While personally, we have been helping this cause, today I am proud that @WazirXIndia will also lead this initiative and will be donating . Rs.8 Crore for Covid Crisis. Need all your support. #IndiaFightsCovid19.
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For those of you who missed the part Research & Invest,. Time is now to research. This is good for you. You will be de-stressed.
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Indian crypto ecosystem has gone though many dark times where we thought it's dead but we all have survived & grew from it. Don't loose hope, fight for it!.We & many other folks are behind solving this. ✌️.
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We have too much load on Doge markets. Too many users and too many orders. Please be patient. Our team is working to solve the new demand. WazirX always stood with the crypto community during difficult times. We are here to help this community. Thanks for your support 🙏.
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There is uncertainty with regulations. The proposed bill bears the same description that was supposed to be discussed in March. Look at the markets from Feb, it recovered well from it too. I would suggest don't panic, wait till the complete information is out.
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Banks tell us that WazirX crypto users have clogged the imps networks. Instead of solving it they turned it off for crypto users. 🤷♂️. We are working on a solution. The battle is not over.
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El Salvador is building a Bitcoin City that’ll be funded through a $1 billion Bitcoin Bond. They will take advantage of the Colchagua volcano's geothermal energy to power Bitcoin mining. The beginning of a new era for El Salvador!.
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Apple exploring crypto wallet in iPhone will drive another mass adoption!. So far we know Samsung & HTC has done it. I can’t wait to see where this will all be in next 3-5yrs!.
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Team has been working on a very important app feature since some time. I worked on the initial design & directions. I can’t wait for it to go live. - Again WazirX first.- Super simple implementation.- You will love it. It's currently under testing. 🤷♂️.
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Grand Theft Auto 6 trailer is out. Launching 2025🤷♂️. Version | Dev Time | Revenue*.------------------------------.GTA 1 | 2yrs | $10M+.GTA 2 | 2yrs | $18M+.GTA 3 | 2yrs | $200M+.GTA IV | 4yrs | $2B+.GTA V | 5yrs | $7B+.#GTA6 | 10y+
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NPCI supporting crypto is a big thing. While banks are still bulling users I see this as good positive support. 💪.
1.5 Crore Indians own Crypto . Rs. 15,000+ Crore worth of crypto assets owned by Indians . Crypto is not a nascent industry anymore. #IndiaWantsCrypto
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Hope you all are getting yourself vaccinated. Stay safe.
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A very important clarification by @RBI. There are still some banks that are citing the 2018 circular of Banking ban against crypto businesses or holders. Well, that is no longer valid after the judgment was passed by the Supreme court.
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Crazy April for @WazirXIndia team. We did some record-breaking weeks. Each week upgraded our systems for 3x demand. We are working on smoothening out support too. Dec 20 - $500Mil.Jan 21 - $1.4Bill.Feb 21 - $ 2.1Bil.Mar 21 - $ 2.4Bil.April 21 -$ 5.4Bil 🤯. Thank you🙏 .#WRX 💪
Our mission is to make crypto accessible to every Indian. While March was marginal growth as of 6th April we are already doing great. Dec 20 - $500Mil.Jan 21 - $1.4Bil.Feb 21 - $2.3Bil.Mar 21 - $2.4Bil.6th Apr- $1Bil. Thank you for recommending WazirX to your friends.💪
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1st of April.So it begins 💪. With the new tax rules we should see more long term investors. Unfortunately, grey market activity will go up. Traders will move funds to foreign exchanges. An unfriendly & uncertain environment will also drive entrepreneurs to pro-crypto nations.
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This is historic. Hope you release how big this is.
The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress. 62 out of 84 votes!. History! #Btc🇸🇻.
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Today's update 1. Daily INR withdrawal has been increased to 1Cr. 💪
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How it started. .
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We should get Indian banks to see how the world is changing. We should tag & ask our banks when you will support the Crypto businesses?.
All the banks are coming to #Bitcoin.- Morgan Stanley.- Goldman Sachs.- JPMorgan. Citibank + hundreds more. They’re coming. It’s inevitable.
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Game Economics.One of the key features of Tegronomics principles is.Predictable supply . How demand and supply are controlled over time without being volatile with DAU.
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While as an industry we fight bank's resistance to support crypto business. We have made performance fixes for our P2P exchange. This supported India during the banking ban 2018-2020. Also, we have already enabled new deposit options for few users, soon will be enabled to all.
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Till last night we have resolved most of the INR deposit issues. We worked with payment partners & banks. If you are still facing any issues, reply to this tweet with your ticket ID, we will expedite it. We are committed to #IndiaWantsCrypto .#Bitcoin.
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If regulation leads to no crypto withdrawals, it will lead to. - Instant high premiums in crypto / INR markets. - Mining will become big✌️. - Mining pools have to be from India too. Mineable projects could perform better with liquidity. Mining economics is tricky & seasonal.
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More than Humans, we has successfully decentralized dogs on the internet. Never saw that coming.🤷♂️. 🐕🐶.
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WazirX crossed another daily all time high daily volume $400mil. This is how India trades crypto.
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Last night was crazy!. While #WRX touched a new ATH we recorded the highest signups, trading, bank transfers and more!. We had planned for 10x more computation growth but this was 150x 👀. We are working hard to match the new demand! 💪. Thanks for your support!.
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Some funds were stuck with our payment partners. We are resolving them; we have already credited for the majority of our users. We are trying to finish rest by today itself. Thanks 🙏.
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Yesterday we saw immense demand by SHIB community (ARMY). We hit new records in trading, active users & many more metrics. It's 40x of what we had seen before. Our systems are way better than before, thanks to our team. They are working day-night to support more demand. ✌️.
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This is how India is changing the world. WEB3 is our biggest opportunity. 💪.
1/ Announcing Shardeum. @Shardeum will be a sharded, infinitely scalable, completely decentralized L1 blockchain. In a few years Crypto will grow to over 1 Billion people. We want to provide a scalable, affordable & decentralized solution. More in thread below 🚀. #BuildForCrypto.
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The top 10 markets in WazirX are INR mrkt. ~97% of our volumes are from INR mrkt. @WazirXIndia has the highest liquidity for CRYPTO/INR in the world & supports many institutional clients.🤝. Our team truly brings crypto to India. Today it's possible to trade millions in INR.🙏
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Important points to trade. - Risk management.- Fund allocation.- Opportunity.- Horizon.
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A market correction is a good thing, don't panic. Nothing goes up in one direction.
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All said & done. We have never compromised on users, irrespective of how good or bad the situation is. From security, product, services to support. User’s funds are imp so we never used any lending services to earn profits hence we are solvent & our crypto withdraws are active.
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If your INR deposit is not reflecting on WazirX don't panic. Your funds are safe, we run regular reconciliation with Bank for failed transactions. This reconciliation is delayed because of a banking issue, it will be credited soon. ✌️.
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After weeks of team working on it we now have two UPI deposit solution on @WazirXIndia . ✌️.
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Mom shared this message from her dentist. Always motivates us when we get appreciation from people who we have’t met but impacted their lives.
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March 4th.Day 0: Supreme Court Judgement against RBI ban.Day 1: WazirX enabled deposit, credited in 30min.Day 2: Withdrawals enabled, 1hr.Day 11: Instant withdrawals, 1-30secs.Day 15: Fast deposit, 5-10mins.Day 24: Instant deposit, 1-30secs. Send thank you gif for my team💪 $WRX.
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WazirX NFT market is live 💪. - India is the heart of culture & art.- Taking Indian artist to the global stage.- Building for the future of the Internet.- Low gas fee & pay with WRX ✌️.
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Good to see @WazirXIndia on top of the chart again :). Thank you 🙏.
#Wazirx now Top 4 Finance app in India ( Google play store ). Congrats @NischalShetty @BuddhaSource @WazirXIndia $wrx
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Twitter is adopting crypto and #Bitcoin in a big way, 300 million users use Twitter monthly!. This will bring massive mass adoption. Are you excited?.
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We are launching @TegroFi, we're building the future of video games — one that:.☑️ is sustainable.☑️ has you at the center.☑️ brings economic and creative opportunities to you .A 🧵: #BuildForCrypto .
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We have made significant changes to our system. This has scaled performance really well for new demand. Our team pushed this update last night at 2AM, and they are continuing to work on more improvements. Don't worry, we are on it, making things better for you.
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Listen to youngsters. You will learn faster.
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The kind of impact the WazirX NFT market is creating is phenomenal. Happy that we are taking steps towards the future of digital ownership. Some of the artists have sold out. $WRX.
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WEB3 + India Talent = More Jobs. - India grows into the future of the internet.- Not restricted to tech, there are requirements for all kinds of skills. - Economists, designers, editorial, marketing, finance and so much more. #Budget2022.
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WazirX is the first app that I open when I get up. How about you?.
Haha fun fact is my laptop asked for a password and I have given "WazirX****"😁😛.At what level I hv addicted to @WazirXIndia 😁☺️.@NischalShetty.@BuddhaSource @nikhilchinapa @cryptokanoon .#IndiaWantsCrypto.
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Our biggest burn. More WRX out of circulations.
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The fact that govt is willing to regulate crypto than the ban itself opens opportunities for a lot of things. Career opportunity is the biggest. Are you looking to move to crypto?.What's your background & what do you want to solve for #BuildForCrypto.
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In 2021 WazirX volume crossed (3,42,723 Crores INR) $45 Billion USD. The biggest Crypto INR market in the world. We focused on access to more projects & liquidity for India. Happy to see more institutional players in 2021.👇.
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Cryptocurrencies is inevitable, we need to adapt to make sure it grows safely. To see this coming from Sunil Mittal 👏. Thanks @simplykashif for sharing.
"World will move to #cryptocurrency, crypto is here to stay. The question is how do nation states legitimize it. " - Bharti Airtel chairman Sunil Mittal at #IEC2022 . #Crypto #Bitcoin #Ethereum #CryptoNews
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We touched another ATH for real-time users. This is not a small number by all means. Our team will be working to scale our systems furthermore to meet the new demand. 💪.
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Next few days our focus is to meet the trading volume demand that India needs. Demand has grown too soon too fast. We made a big progress today and hope to do more this week. Thanks for your support. 💪.#WRX.
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We made some major improvements in our charting system. We got rid of all delays and it's now real-time. The team has re-engineered the entire charting system for more performance. More improvements coming soon. 🙏
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The import duty on gadgets is high (sometimes 100%) in India to encourage home grown electronics industry. It's been long time, there is still lot of potential for Indian entrepreneurs to build for India. Made in India should lead to drop in these premiums.
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Systems back up Doge rally continues. Any news around $Doge?
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