Question 1

What is W Coin (WCO)?

Accepted Answer

W Coin (WCO) is the native coin of W Chain, an EVM-compatible Layer 1 blockchain built for payments, decentralised applications and Web3 services. WCO is used as the network’s gas asset, meaning users need it to pay transaction fees when sending transactions or interacting with smart contracts on W Chain.

W Chain combines public and private blockchain components. The network is designed to support payments, decentralised finance and enterprise use cases where businesses may need public settlement as well as controlled private environments.

WCO was previously linked to the WadZChain and WadZCoin branding. WadZChain was renamed W Chain and WadZCoin was renamed W Coin.

Question 2

What is W Coin (WCO) used for?

Accepted Answer

WCO is used to pay gas fees on W Chain. As W Chain is compatible with the Ethereum Virtual Machine, developers can deploy Solidity-based smart contracts and users can interact with applications using WCO to cover transaction costs.

WCO is also used across W Chain’s DeFi tools. On W Swap, users can trade supported tokens and provide liquidity. WCO is required for gas when adding liquidity, removing liquidity or making swaps on the network.

The coin also supports staking, governance, enterprise payments and liquidity provision within the W Chain ecosystem. WCO is the native asset of the network and is used across its core blockchain functions.

Question 3

Who created W Coin (WCO)?

Accepted Answer

W Coin (WCO) is the native coin of W Chain, which is developed and operated by WP Worldwide.

The project has publicly identified Anish Jain as the founder and CEO of W Chain. Other named team members include Satya Prakash, Head of Commercial, and Dinesh KR, Head of Blockchain.

WCO’s earlier branding was WadZCoin, which was connected to WadZChain. After the rebrand, WadZChain became W Chain and WadZCoin became W Coin.