Tokens were issued to compensate for the missing fiat funds of the former BTC-e cryptoexchange, which was closed due to accusations by the US authorities of money laundering and participation in unlawful activities.
— WEX Official (@WEXnz) 31 октября 2017 г.
The program will consist of two stages. At the first stage, tokens will be redeemed in parts. Information on the percentage of purchased tokens will be published on November 2. At the moment of press, there are no information about it in official WEX channels.
Our company is working under the laws of Singapore which considers digital currencies and tokens as a "digital asset". It means that we have the right to issue tokens, a “digital asset” with conditions and price specified at the start and available for trading.
We will keep our eye on this situation so stay tuned!