{"id":29321,"date":"2024-12-18T08:38:03","date_gmt":"2024-12-18T08:38:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=29321"},"modified":"2024-12-18T08:38:03","modified_gmt":"2024-12-18T08:38:03","slug":"bydfi-lists-wan-the-original-blockchain-interoperability-solution-with-market-cap-reaching-59-2-million","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=29321","title":{"rendered":"BYDFi lists $WAN \u2013 The Original Blockchain Interoperability Solution with Market Cap Reaching $59.2 Million"},"content":{"rendered":"

[PRESS RELEASE \u2013 Mahe, Seychelles, December 18th, 2024]<\/strong><\/p>\n

Wanchain\u2019s platform native token, $WAN, has been officially listed on the BYDFi<\/a> crypto exchange. Users can now buy, sell, and manage $WAN through the BYDFi platform.<\/p>\n

Wanchain<\/a> is the first decentralized blockchain interoperability solution in the world. It helps anyone to move their assets across 39 blockchains in secure, fast and cost-effictive way. Wanchain supports both EVM and non-EVM blockchains like Bitcoin<\/a>, Cardano<\/a>, Solana<\/a>, Tron<\/a>, Polkadot<\/a>, and many more.<\/p>\n

Wanchain pioneered cross-chain transactions by building the first-ever decentralised bridge between Bitcoin and Ethereum back in 2018 coining the term blockchain bridge.<\/p>\n

Over the last 6 years in the blockchain industry, Wanchain developed a whole suite of complimentary blockchain interoperability products such as:<\/p>\n

Wanchain Bridge<\/strong><\/a> \u2013 company flagship product that facilitates thousands of cross-chain transactions every month with nearly $1.3 billion total volume. It boasts the best security track record in the industry \u2013 running without interruption for 6+ years without any exploits. Users rely on it to send transactions ranging from a couple of hundred to hundreds of thousands of dollars.
\nWanchain XFlows<\/strong> \u2013 the most popular service that works automatically within Wanchain Bridge. It gives users native or native equivalent BTC<\/strong><\/a>, <\/strong>ETH<\/strong><\/a>, USDT and USDC<\/strong>, so they can avoid holding wrapped assets.
\nWanchain XPort<\/strong><\/a> \u2013 cross-chain data transfer protocol that allows developers to build the next generation of cross-chain Dapps. Recently they published a case study showcasing how a blockchain uses this technology to make their chain theft-free. This is just one of dozens of its applications.
\nWanchain NFT Bridge<\/strong> \u2013 allows users to send NFTs across Ethereum<\/strong><\/a>, <\/strong>BNB Chain<\/strong><\/a>, Polygon and XDC<\/strong> network with speed, security and low-cost.<\/p>\n

This year Wanchain has introduced Convert n\u2019 Burn System<\/strong><\/a> where bridge fees are collected from every transaction on Wanchain Bridge. These fees are then converted into $WAN creating constant buying pressure. Furthermore, this converted $WAN is being distributed to enhance Wanchain\u2019s L1 blockchain, ecosystem, $WAN token and its suite of blockchain interoperability products with this split:<\/p>\n

40% goes into the Community Treasury.
\n30% is used to constantly improve Wanchain Bridge.
\n20% is to reward PoS and Bridge Nodes.
\n10% is burned.<\/p>\n

In less than six months, this system was able to accumulate 1,200,000 WAN ($338,000) in Community Treasury and burn 306,000 WAN ($86,000). Burning the WAN token on a daily basis via the Convert n\u2019 Burn System creates token scarcity and higher demand. Once the burn rate outpaces the rewards to PoS nodes, WAN will officially become a deflationary token.<\/p>\n

WAN token<\/strong> also has manyfold utility further increasing its price potential:<\/p>\n

Use WAN to execute transactions on #Wanchain L1
\nUse WAN to deploy and secure a PoS Validator Node
\nStake WAN to bolster PoS Validator Nodes, earn 5.25% APR
\nUse WAN to deploy and secure a Wanchain Bridge Node
\nStake WAN to bolster Bridge Nodes, earn 6.44% APR
\nUse WAN to interact with DeFi applications
\nStake and hold WAN to get up to 80% discount on bridge fees<\/p>\n

Wanchain\u2019s price is $0.282, up 3% in the last 24 hours, with a live market cap of $59,218,491. 94% of the token supply is already in circulation \u2013 198,434,732 WAN from the maximum supply of 210,000,000 WAN. The 24-hour trading volume is $2,390,108.<\/p>\n

Compared to other blockchain interoperability protocols, Wanchain has a 5-15x lower<\/strong> market while having potentially better cross-chain technology leaving a lot of space for growth.<\/p>\n

Users can now purchase WAN tokens through BYDFi website<\/a> or BYDFi Application.<\/a><\/p>\n

About BYDFi<\/strong><\/p>\n

Founded in 2020, BYDFi has earned the trust of millions of users worldwide through its commitment to optimizing user experience and continuous innovation. Recognized by Forbes as one of the Top 10 Best Global Crypto Exchanges<\/a>, the platform offers spot trading for over 600 cryptocurrencies as well as flexible leveraged trading<\/a> options ranging from 1x to 200x. By partnering with internationally renowned payment service providers such as Banxa, Transak, and Mercuryo<\/a>, BYDFi has simplified the crypto purchasing process, enabling users to buy crypto with ease and at low costs<\/a>.<\/p>\n

BYDFi will soon introduce a \u201cBYDFi Copy Trading\u201d<\/a> that saves users time on market analysis and decision-making, allowing beginners and busy investors to automatically copy the actions of professional traders, making trading more efficient and convenient. BYDFi is committed to delivering a world-class crypto trading experience. BUILD Your Dream Finance<\/p>\n

Contact BYDFi<\/strong><\/p>\n

For inquiries and support, you can reach us via the following:<\/p>\n

Website: https:\/\/www.bydfi.com<\/a>
\nSupport Email: CS@bydfi.com<\/a>
\nBusiness Partnerships: BD@bydfi.com<\/a>
\nMedia Inquiries: media@bydfi.com<\/a><\/p>\n

Twitter( X )<\/a> | LinkedIn<\/a> | Facebook<\/a> | Telegram<\/a> | YouTube<\/a><\/p>\n

The post BYDFi lists $WAN \u2013 The Original Blockchain Interoperability Solution with Market Cap Reaching $59.2 Million<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Mahe, Seychelles, December 18th, 2024] Wanchain\u2019s platform native token, $WAN, has been officially listed on the BYDFi crypto exchange. Users can now buy, sell, and manage $WAN through the BYDFi platform. Wanchain is the first decentralized blockchain interoperability solution in the world. It helps anyone to move their assets across 39 blockchains […]<\/p>\n","protected":false},"author":0,"featured_media":29322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29321"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29321"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/29322"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}