WBTCWXG
BTC-WXG
BTC-WXG
WBTCWXG
BTC-WXG Price Converter
BTC-WXG Information
BTC-WXG Markets
About BTC-WXG
$BTC-WXG was a key component in the WX Network's ecosystem, designed to integrate Bitcoin into the Waves network. The token underwent an audit in 2023, leading to a decision to delist it. This delisting involved a 30-day notice period, closure of the token's gateway, and termination of the associated liquidity pool. A buyback and token burning process were part of this procedure, funded by trading fees on the WX Network.
The $BTC-WXG token is a specialized gateway token within the WX Network, representing a wrapped version of Bitcoin (BTC) in the Waves network ecosystem. This token was created to enable seamless transactions between different blockchain networks, leveraging the advantages of blockchain interoperability, primarily between Waves and networks like Ethereum and BNB Chain. As a pivotal component of the WX Network, $BTC-WXG played a significant role in enhancing trading experiences and liquidity management on the platform.
In 2023, a critical decision was made by WX Network regarding $BTC-WXG following an extensive audit process. This audit was aimed at evaluating the token's liquidity and overall stability within the network. The outcome led to the strategic decision to delist $BTC-WXG. This delisting process involves a 30-day notice period to users, indicating the urgency and importance for holders to manage their assets accordingly. The delisting is a part of WX Network's broader strategy to streamline its token offerings and enhance its platform's efficiency.
Looking ahead, the WX Network is committed to auditing all its gateway tokens and shifting towards the use of Pepe bridges. This transition aims to facilitate more efficient and secure cross-chain transactions.
