Wrapped MinoTariPrice

(WXTM)

wXTM is the ERC-20 version of XTM, the native token of the Tari network. It acts as a bridge that allows users to utilize Tari assets on EVM-compatible blockchains like Ethereum, enabling participation in decentralized finance (DeFi) protocols and liquidity pools. While XTM is the native coin on the Tari Layer 1 (MinoTari)—a privacy-focused, Rust-based blockchain—wXTM is its representation on other networks. These tokens are typically exchangeable at a 1:1 ratio via a bridge, ensuring interoperability between the native Tari ecosystem and external blockchain environments.

The Turbine Model is the economic link between Tari's Layer 1 (XTM) and Layer 2 (XTR). To utilize decentralized applications (tapps) on the Layer 2 network, users must burn XTM at a 1:1 ratio to mint XTR. This mechanism creates a direct functional relationship where Layer 2 activity influences the Layer 1 token dynamics. This structure allows the MinoTari base layer to focus on network security and Proof-of-Work mining, while the second layer handles complex smart contract executions and application scalability.

Mining MinoTari is designed to be highly accessible and does not require expensive, specialized hardware. Through the Tari Universe application, users can mine using standard consumer-grade laptops and desktops. The protocol employs an ASIC-resistant algorithm called SHA3x and supports merge-mining with Monero (RandomX). This approach promotes decentralization by allowing a wide range of participants to secure the blockchain using existing CPU and GPU power rather than specialized industrial equipment.

wXTM is used for DeFi interoperability, allowing users to provide liquidity on decentralized exchanges or engage in trading activities on platforms like LBank. For governance, the ecosystem utilizes a "vote-escrow" model. By locking XTM or wXTM, users receive veXTM, which represents non-transferable voting power within the Tari DAO. This allows holders to participate in protocol decision-making. Additionally, users can earn rewards through staking, which are derived from token emissions and protocol-wide activities.

As an ERC-20 token, wXTM must be manually added to EVM-compatible wallets by importing the specific contract address, which can be verified through official documentation or LBank. To move assets between the native Tari Layer 1 and the Ethereum network, users utilize a bridge. This "unwrapping" process allows holders to move their assets back to the native network for mining or native transactions, providing fluidity for investors who wish to switch between the native Tari environment and the broader Ethereum ecosystem.

The maximum supply of XTM is 21 billion tokens. The distribution is structured with approximately 70% allocated to miners over time and 30% designated for the initial ecosystem allocation. The tokenomics include built-in deflationary pressure through the Turbine Model; because XTM must be burned to generate Layer 2 tokens (XTR), the total supply of XTM is effectively reduced as network activity on Layer 2 increases. This directly links the scarcity of the token to the overall growth and usage of the Tari ecosystem.