BYDFi lists $WAN – The Original Blockchain Interoperability Solution with Market Cap Reaching $59.2 Million

[PRESS RELEASE – Mahe, Seychelles, December 18th, 2024]

Wanchain’s platform native token, $WAN, has been formally listed on the BYDFi crypto trade. Customers can now purchase, promote, and handle $WAN via the BYDFi platform.

Wanchain is the primary decentralized blockchain interoperability answer on this planet. It helps anybody to maneuver their belongings throughout 39 blockchains in safe, quick and cost-effictive means. Wanchain helps each EVM and non-EVM blockchains like Bitcoin, Cardano, Solana, Tron, Polkadot, and plenty of extra.

Wanchain pioneered cross-chain transactions by constructing the first-ever decentralised bridge between Bitcoin and Ethereum again in 2018 coining the time period blockchain bridge.

Over the past 6 years within the blockchain trade, Wanchain developed an entire suite of complimentary blockchain interoperability merchandise equivalent to:

• Wanchain Bridge – firm flagship product that facilitates hundreds of cross-chain transactions each month with almost $1.3 billion whole quantity. It boasts the most effective safety monitor document within the trade – working with out interruption for six+ years with none exploits. Customers depend on it to ship transactions starting from a few hundred to tons of of hundreds of {dollars}.
• Wanchain XFlows – the most well-liked service that works mechanically inside Wanchain Bridge. It provides customers native or native equal BTC, ETH, USDT and USDC, to allow them to keep away from holding wrapped belongings.
• Wanchain XPort – cross-chain information switch protocol that permits builders to construct the subsequent era of cross-chain Dapps. Just lately they revealed a case research showcasing how a blockchain makes use of this know-how to make their chain theft-free. This is only one of dozens of its purposes.
• Wanchain NFT Bridge – permits customers to ship NFTs throughout Ethereum, BNB Chain, Polygon and XDC community with pace, safety and low-cost.

This 12 months Wanchain has launched Convert n’ Burn System the place bridge charges are collected from each transaction on Wanchain Bridge. These charges are then transformed into $WAN creating fixed shopping for strain. Moreover, this transformed $WAN is being distributed to boost Wanchain’s L1 blockchain, ecosystem, $WAN token and its suite of blockchain interoperability merchandise with this cut up:

• 40% goes into the Neighborhood Treasury.
• 30% is used to continually enhance Wanchain Bridge.
• 20% is to reward PoS and Bridge Nodes.
• 10% is burned.

In lower than six months, this technique was in a position to accumulate 1,200,000 WAN ($338,000) in Neighborhood Treasury and burn 306,000 WAN ($86,000). Burning the WAN token each day by way of the Convert n’ Burn System creates token shortage and better demand. As soon as the burn charge outpaces the rewards to PoS nodes, WAN will formally develop into a deflationary token.

WAN token additionally has manyfold utility additional growing its value potential:

1. Use WAN to execute transactions on #Wanchain L1
2. Use WAN to deploy and safe a PoS Validator Node
3. Stake WAN to bolster PoS Validator Nodes, earn 5.25% APR
4. Use WAN to deploy and safe a Wanchain Bridge Node
5. Stake WAN to bolster Bridge Nodes, earn 6.44% APR
6. Use WAN to work together with DeFi purposes
7. Stake and maintain WAN to stand up to 80% low cost on bridge charges

Wanchain’s value is $0.282, up 3% within the final 24 hours, with a stay market cap of $59,218,491. 94% of the token provide is already in circulation – 198,434,732 WAN from the utmost provide of 210,000,000 WAN. The 24-hour buying and selling quantity is $2,390,108.

In comparison with different blockchain interoperability protocols, Wanchain has a 5-15x decrease market whereas having doubtlessly higher cross-chain know-how leaving numerous house for development.

Customers can now buy WAN tokens via BYDFi website or BYDFi Application.

About BYDFi

Based in 2020, BYDFi has earned the belief of tens of millions of customers worldwide via its dedication to optimizing person expertise and steady innovation. Acknowledged by Forbes as one of many Top 10 Best Global Crypto Exchanges, the platform affords spot buying and selling for over 600 cryptocurrencies in addition to flexible leveraged trading choices starting from 1x to 200x. By partnering with internationally famend cost service suppliers equivalent to Banxa, Transak, and Mercuryo, BYDFi has simplified the crypto buying course of, enabling customers to buy crypto with ease and at low costs.

BYDFi will quickly introduce a “BYDFi Copy Trading” that saves customers time on market evaluation and decision-making, permitting freshmen and busy buyers to mechanically copy the actions {of professional} merchants, making buying and selling extra environment friendly and handy. BYDFi is dedicated to delivering a world-class crypto buying and selling expertise. BUILD Your Dream Finance

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