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WETC

0x82A618305706B14e7bcf2592D4B9324A366b6dAd

FAQ

WETC is the wrapped version of ETC. Wrapped tokens, like WETC or Wrapped Bitcoin, are tokenized versions of cryptocurrencies that are pegged to the value of the original coin and can be unwrapped at any point。

In a nutshell, there is no difference between ETC and WETC because the latter is simply a "wrapped" version of the former. For cryptocurrencies, a "wrapped" token is nothing but an empty vessel that contains the original asset. The process of wrapping helps use a non-native asset on any blockchain.

There are several advantages to using WETC.

It is interoperable with other ERC-20 crypto tokens. Since WETC can only be minted by a custodian, an entity that guarantees its value (e.g., smart contract, dApp, DAO), WETC has higher liquidity than native tokens.

Another benefit of using WETC is that it has enhanced security because its custodians generally only use secure exchanges. Plus, you have more control over your crypto tokens because the custodian keeps the private keys in a secure location.

Finally, WETC has faster transaction speeds and lower transaction fees relative to the unwrapped version of the token.