Coins: 10053 Exchanges: 946 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Wrapped One price

Wrapped One Price (WONE)

$0.02642282

8.53%
Rank #5787

Wrapped One Price Chart (WONE/USD)

Last updated 22 Jun 2022, 09:12AM UTC. Currency in USD.

Market Cap
$0
Volume (24h)
$2,201,058
Change
8.53%
Circulating Supply
0
All Time High
$0
Markets
# Exchange Pair Price Spread Volume(24h) Trust

WONE Price Statistics

$0
24H Range
$0
  • Wrapped One Price Now $0
  • 24h Low / 24h High $0 / $0
  • Trading Volume $2,201,058
  • Market Cap Rank #0
  • Market Cap $0
  • Volume / Market Cap 0.0000
  • All-Time High $0 -93.13%
    Oct 26, 2021
  • All-Time Low $0 16.62%
    Jun 18, 2022
Homepage:
harmony.one
Explorers:
explorer.harmony.one bscscan.com explorer.energi.network
Forum:
Chat:
discord.com t.me www.linkedin.com
Announcement:
medium.com
Social:
Twitter Telegram Reddit
Bitcointalk:
Github:
harmony-one/harmony harmony-one/libunison


Introduction to Wrapped One (WO)

The world of cryptocurrencies is constantly evolving, and one of the latest additions to the digital asset market is Wrapped One (WO).

What is Wrapped One?

Wrapped One is a unique digital currency that aims to bridge the gap between traditional finance and the blockchain ecosystem. It is built on the Ethereum network and is an ERC-20 token, which means it adheres to a set of standards that enable seamless integration with other decentralized applications (dApps).

How does it work?

Wrapped One operates on a simple premise: it represents a 1:1 representation of the original One (ONE) coin. By holding ONE coins, users can "wrap" them by converting them into WO tokens. These WO tokens can then be used within the Ethereum network for various purposes, including trading, lending, and borrowing.

The process of wrapping ONE coins involves depositing them into a designated smart contract address. The smart contract mints an equivalent amount of WO tokens, which are then sent to the user's Ethereum address. This process is entirely transparent and ensures that the WO token supply remains fully collateralized by the ONE coins held in reserve.

Benefits and Use Cases of Wrapped One

Wrapped One offers several benefits to its users. Firstly, it provides ONE coin holders with broader access to the DeFi (Decentralized Finance) ecosystem on Ethereum. By wrapping their ONE coins into WO tokens, users can participate in various dApps that only accept ERC-20 tokens.

Additionally, Wrapped One enables cross-chain liquidity, allowing users to trade their WO tokens on decentralized exchanges (DEXs) like Uniswap. This adds more flexibility and opportunities for ONE coin holders to engage with different trading pairs and strategies.

Moreover, Wrapped One facilitates seamless token transfers and peer-to-peer transactions within the Ethereum network. Users can conveniently send WO tokens to others without worrying about the compatibility of different blockchain networks or the need for additional conversions.

Conclusion

Wrapped One (WO) represents an innovative solution to bridge the gap between traditional finance and the blockchain ecosystem. By wrapping ONE coins into WO tokens, users gain access to the broader DeFi ecosystem and explore more possibilities within the Ethereum network. With its focus on seamless integration and cross-chain liquidity, Wrapped One is set to pave the way for increased interoperability and adoption within the crypto space.