Table of Contents
- Wrapped LTC - Symbol : xLTC
- This token is a Wrapped LTC, it derives its pricing from a composite global pricing of Litecoin in USD in real time. It represents the actual digital asset and all transactions occur on-chain on Pecu Novus. They are primarily used for staking protocols and volume will typically be thin.
- What is a Wrapped Token?
- A wrapped token is a digital asset that represents another cryptocurrency on a different blockchain or a physical asset. For example, a wrapped Bitcoin (xBTC) is a token that represents one Bitcoin on the Pecu Novus blockchain. Wrapped tokens are created by locking up the underlying asset in a smart contract on the original blockchain and then issuing a corresponding number of tokens on the new blockchain.
- Wrapped tokens are useful because they allow users to interact with different blockchains and ecosystems. For example, xBTC allows users to trade Bitcoin on decentralized exchanges (DEXes) on the Pecu Novus blockchain such as HootDex, which would not be possible otherwise.
- Wrapped tokens are also useful for staking protocols. For example, users can lend their xBTC on a DeFi platform on the Pecu Novus blockchain to earn fee's or interest, or if available they can borrow xBTC to use in other DeFi applications on the Pecu Novus blockchain.
- Here are some of the benefits of using wrapped tokens:
- Interoperability: Wrapped tokens allow users to interact with different blockchains and ecosystems. This can be useful for trading, lending, borrowing, and other DeFi applications.
- Efficiency: Wrapped tokens can be more efficient to use than native tokens on some blockchains. For example, xBTC transactions are processed faster and cheaper than Bitcoin transactions on the Bitcoin blockchain.
- Security: Wrapped tokens are typically backed by the underlying asset in a smart contract. This makes them more secure than some other types of digital assets.
- VIEW ALL TOKENS
- LATEST CRYPTO & FINANCIAL NEWS
#
Wrapped LTC – Symbol : xLTC #
This token is a Wrapped LTC, it derives its pricing from a composite global pricing of Litecoin in USD in real time. It represents the actual digital asset and all transactions occur on-chain on Pecu Novus. They are primarily used for staking protocols and volume will typically be thin. #
What is a Wrapped Token? #
A wrapped token is a digital asset that represents another cryptocurrency on a different blockchain or a physical asset. For example, a wrapped Bitcoin (xBTC) is a token that represents one Bitcoin on the Pecu Novus blockchain. Wrapped tokens are created by locking up the underlying asset in a smart contract on the original blockchain and then issuing a corresponding number of tokens on the new blockchain. #
Wrapped tokens are useful because they allow users to interact with different blockchains and ecosystems. For example, xBTC allows users to trade Bitcoin on decentralized exchanges (DEXes) on the Pecu Novus blockchain such as HootDex, which would not be possible otherwise. #
Wrapped tokens are also useful for staking protocols. For example, users can lend their xBTC on a DeFi platform on the Pecu Novus blockchain to earn fee’s or interest, or if available they can borrow xBTC to use in other DeFi applications on the Pecu Novus blockchain. #
Here are some of the benefits of using wrapped tokens: #
-
Interoperability: Wrapped tokens allow users to interact with different blockchains and ecosystems. This can be useful for trading, lending, borrowing, and other DeFi applications. #
-
Efficiency: Wrapped tokens can be more efficient to use than native tokens on some blockchains. For example, xBTC transactions are processed faster and cheaper than Bitcoin transactions on the Bitcoin blockchain. #
-
Security: Wrapped tokens are typically backed by the underlying asset in a smart contract. This makes them more secure than some other types of digital assets. #
VIEW ALL TOKENS #
LATEST CRYPTO & FINANCIAL NEWS #
- Bitcoin data calls $80K the bottom, analysts say BTC bulls are back
- Price predictions 11/24: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, BCH
- Ondo turns to Figure’s stablecoin with $25M investment to back tokenized fund
- Stand With Crypto to vet 2026 candidates on digital asset positions
- Bitcoin rallies as US dollar strengthens: Are crypto traders walking into a trap?
- Zcash down 30% from November’s top: Will ZEC price crash further?
- Bitcoin price $80K low was bottom, thinks Arthur Hayes
- Quantum computers won’t break Bitcoin’s code, they’ll break its politics
- Hyperliquid’s $314M unlock fuels calls for clarity, sell-pressure warnings
- Blockchain is struggling to hold on to its original purpose: Aztec CEO
- $1.9B exodus and flicker of hope hits crypto investment funds: CoinShares
- How India’s VDA review may strengthen protections across the crypto ecosystem
- Stablecoin risks seen as minimal in Europe amid low adoption and MiCA: ECB
- Nasdaq-listed Enlivex plans $212M RAIN token play with ex-Italian PM onboard
- Nasdaq penny stock plans $212M RAIN token play with ex-Italian PM onboard
- NPM supply-chain attack compromises major ENS and crypto libraries
- Strategy stock is bleeding, but Saylor ‘won’t back down’ from Bitcoin bet
- Pump.fun’s massive $436M ‘cash-out’ turns heads as memecoin mania fades
- Pump.fun’s massive $436M cash-out turns heads as memecoin mania fades
- Bitkub exchange eyes Hong Kong IPO as Thai markets slump to 5-year lows: Report
