Table of Contents
- Wrapped XPT - Symbol : xXPT
- This token is a Wrapped XPT, it derives its pricing from a composite global pricing of Platinum in USD in real time. It represents the physical 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
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Wrapped XPT – Symbol : xXPT #
This token is a Wrapped XPT, it derives its pricing from a composite global pricing of Platinum in USD in real time. It represents the physical 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 #
- Retail went from bullish to ‘ultra bearish’ as Bitcoin dipped to $113K
- Robinhood sues New Jersey, Nevada over sports contract threats
- Google search interest for “alt season” plunges over 50% from a week ago
- Harvard economist admits he was wrong about Bitcoin crashing to $100
- Trump-tied crypto firm ALT5 Sigma denies SEC probe rumors
- Strategy hits 4-month low as Saylor changes tack on MSTR issuance
- WazirX users approve restructuring plan again after court rebuff
- Top Fed official: Staff should be allowed to hold a little crypto
- Why is Bitcoin crashing and will $112K be the final bottom?
- SoFi to become first US bank to integrate Bitcoin Lightning, UMA
- Blockchain native protocols get creative in crypto treasury arms race
- New crypto advocacy group debuts at Wyoming summit
- SEC Chair Atkins: There are very few tokens that are securities
- Crypto market sell-off accelerates, but SOL data predicts recovery to $200
- Early Bitcoin web domains from 2010 head to auction
- Early Bitcoin web domains from 2010 head to auction
- All roads lead to inflation: Fed cut or not, Bitcoin may stand to gain
- All roads lead to inflation: Fed cut or not, Bitcoin may stand to gain
- Scaramucci to tokenize $300M in assets, nearly doubling Avalanche's RWA base
- Scaramucci to tokenize $300M in assets, nearly doubling Avalanche's RWA base
