Wrap Protocol Reviews

Wrap Protocol Description

Wrap allows users to issue wTokens (wrapped coins), which are tokens that represent ERC20 or ERC721 tokens on Tezos' blockchain. wTokens are then able to be used on Tezos' blockchain and have a value equal to the original tokens. Wrap is a decentralized protocol. It relies on a strong federation (the Signers Quorum), which ensures stability and a community made up of $WRAP governance token holders. Wrap's governance token, $WRAP, allows users to interact with the protocol and make changes. Holders of $WRAP tokens can vote on key parameters and receive a portion of wrapping and unwrapping fee.