Market Cap
$755,378.0
Fully Diluted Valuation
$755,378.9
24 Hour Trading Vol
$12,053.0
Circulating Supply
372.32
Total Supply
372.32
Max Supply
∞
wanETH Price
$2,028.8
24h Range
$1,937.2 - $2,028.8
Percent Change 1h
0.47%
Percent Change 24h
4.61%
Percent Change 7d
7.95%
All-time high
$4,112.8
All-time low
$894.33
1D
7D
1M
1Y
All
wanETH (WANETH) is a wrapped version of Ethereum (ETH) designed for the Wanchain ecosystem, which facilitates interoperability between different blockchains. By wrapping ETH into wanETH, users can leverage Ethereum's value while utilizing the unique features and capabilities of Wanchain. wanETH is fully backed 1:1 by ETH, ensuring that each wanETH token is equivalent to one ETH. This provides users with the ability to engage in various decentralized finance (DeFi) activities on Wanchain, such as lending, borrowing, and trading.
wanETH is developed by the Wanchain team, which was founded by Jack Lu in 2017. Jack Lu, an experienced blockchain developer and entrepreneur, has been instrumental in the development of Wanchain, focusing on creating a platform that allows seamless communication between different blockchain networks. The Wanchain team comprises various experts in blockchain technology, cryptography, and finance, contributing to the overall mission of enhancing blockchain interoperability.
wanETH operates on the Wanchain network through a process called wrapping, where ETH is converted into wanETH. This process involves locking ETH in a smart contract on the Ethereum blockchain while minting an equivalent amount of wanETH on Wanchain. The smart contract ensures that the ETH remains securely locked, providing a 1:1 backing for wanETH. Consequently, users can perform transactions, engage in DeFi activities, and participate in cross-chain operations, taking advantage of Wanchain's unique consensus mechanism and features.
The primary function of wanETH is to facilitate interoperability between Ethereum and other blockchains connected to Wanchain, enabling users to transfer value and assets seamlessly. This capability allows for greater flexibility and utility in asset management across multiple platforms.
To ensure the safety of your wanETH tokens, consider the following practices:
Investing in wanETH (WANETH) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy wanETH: Once your account is funded, you can purchase wanETH directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in wanETH using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
wanETH (WANETH) is currently trading at $2,028.8 and exhibits good potential for future growth. Check the latest wanETH (WANETH) price prediction.
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