The current real-time price of WIOTX is $0.0084. In the past 24 hours, WIOTX has traded between $0.0083 and $0.0088, showing strong market activity. The all-time high of WIOTX is $0.2733, and the all-time low is $0.0010.
From a short-term perspective, the price change of WIOTX over the past 1 hour is , over the past 24 hours is -0.24%, and over the past 7 days is -3.11%. These figures provide a quick overview of the latest price trends and market dynamics of WIOTX on LBank.+2.62%
The live price of WIOTX today is $0.0084, with a current market cap of $9.631M. The 24-hour trading volume is 42K. The price of WIOTX to USD is updated in real time.
Before deciding whether to buy or sell WIOTX, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WIOTX technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for WIOTX.
How much will WIOTX be worth tomorrow, next week, or next month in ? What about your WIOTX assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WIOTX Price Prediction
To learn more about WIOTX, consider exploring other resources such as the whitepaper, official website, and other published information:
Wrapped IoTeX (wIotx) is a digital token representing IoTeX's native cryptocurrency, IOTX, on other blockchain platforms, notably Ethereum. It functions as a 'wrapper' or 'passport,' enabling IOTX to interact beyond its native ecosystem, particularly within the Ethereum-based DeFi landscape. As an ERC-20 token deployed on the IoTeX blockchain, it facilitates cross-chain utility for IOTX holders.
WIOTX is generated by 'wrapping' native IOTX tokens, which are locked in a smart contract. An equivalent amount of wIotx is then issued, ensuring a 1:1 backing where each wIotx is secured by an equal amount of IOTX in a vault. This process guarantees wIotx's value and integrity. Conversely, users can 'unwrap' their wIotx to retrieve native IOTX tokens, maintaining seamless convertibility.
Key features of wIotx include crucial cross-chain compatibility, primarily with Ethereum, allowing IOTX holders to engage with Ethereum-based DeFi protocols and decentralized applications. It maintains 1:1 backing with native IOTX, which enhances liquidity across platforms and offers potentially faster transactions based on the hosting blockchain. This expands DeFi participation for IOTX users, enabling access to activities like yield farming, liquidity provision, and collateralized lending.
wIotx serves to bridge the IoTeX blockchain with the wider Ethereum ecosystem, empowering IoTeX token holders to deploy their assets within various Ethereum-based DeFi applications and platforms. Practical use cases encompass arbitrage trading, generating yield via staking or lending wIotx, and facilitating payments or transfers. Its primary role is to significantly enhance the liquidity and overall utility of IOTX tokens across diverse blockchain environments.
IOTX is the native cryptocurrency foundational to the IoTeX blockchain. In contrast, wIotx is an ERC-20 token specifically designed to represent IOTX on other blockchain networks, such as Ethereum. This distinction makes IOTX compatible with external ecosystems. Essentially, wIotx is the wrapped iteration of IOTX, providing essential cross-chain functionality and interoperability for the native token.
wIotx tokens are available for trading on various decentralized exchanges. Additionally, leading centralized exchanges, including LBank, offer methods to purchase wIotx. This typically involves registering an account, completing identity verification, and utilizing diverse payment options such as bank transfers, debit/credit cards, or other cryptocurrencies. Users can also find resources on how to acquire wIotx via decentralized platforms by connecting a compatible crypto wallet.
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