Wrapped QOMPrice

(WQOM)

QOM is the native coin of the QL1 blockchain, primarily used for securing the network and paying gas fees. WQOM is the "wrapped" ERC-20 standard version of QOM on the same chain. It is specifically designed for participation in decentralized finance (DeFi) activities, such as swapping on QomSwap or providing liquidity to various pools within the ecosystem. Essentially, while QOM powers the infrastructure, WQOM enables interaction with decentralized applications.

Yes, they are fundamentally connected. QOM originated as "Shiba Predator," a community-driven initiative aiming to challenge the dominance of established meme coins. The project evolved from a simple token into a fully functional Layer-1 blockchain ecosystem called QL1. WQOM serves as the internal utility token used for DeFi applications within this sovereign blockchain, representing the project's transition from a meme coin to a comprehensive technology ecosystem.

WQOM is primarily accessible through QomSwap, the native decentralized exchange of the QL1 blockchain. It is commonly paired with qUSDT. While the asset can be found on major global exchanges like LBank, using the specific WQOM version requires bridging assets to the QL1 chain and wrapping them. LBank serves as a key platform for obtaining the necessary assets to enter the ecosystem before utilizing the QL1 bridge.

To move assets from Ethereum to the native QL1 chain, users utilize the official QL1 Bridge. Once bridged, native QOM can be converted into WQOM via the QomSwap interface. Because QL1 is EVM-compatible, most popular decentralized wallets that support custom network settings can be used to manage WQOM. Users simply need to manually add the QL1 Network settings (RPC) to their wallet to view and manage their balances.

WQOM serves as the backbone for the QL1 DeFi landscape. Its primary roles include acting as the base pairing token for new projects launching on the chain and enabling liquidity mining where users stake pairs to earn trading fees and rewards. Additionally, it acts as a liquid asset for the QL1 NFT marketplace and future gaming dApps, facilitating growth across the entire decentralized community.

QomFun is a launchpad within the ecosystem designed for simplified token creation. It allows users to launch new tokens using QOM and WQOM, which increases the overall utility of the assets. This platform helps drive ecosystem activity and contributes to the project's decentralized growth. As a community-led initiative (CTO), QomFun reflects the project's commitment to building a permissionless environment without central venture capital backing.