Wrapped Zedxion (WZEDX) is a multi-chain token representing the ZEDX coin on Ethereum, Binance Smart Chain, and the ZEDXION network. It enables interoperability by allowing users to access decentralized applications and liquidity across different blockchains.
Wrapped Zedxion (WZEDX) is a wrapped version of the native ZEDX coin from the ZEDXION network. It exists as a token on multiple blockchain networks, including Ethereum (ERC-20), Binance Smart Chain (BEP-20), and ZEDXION (ZED-20). WZEDX is issued when ZEDX coins are locked on the ZEDXION blockchain, and an equivalent amount of WZEDX tokens is minted on the target blockchain. When WZEDX is withdrawn, the tokens are burned and the original ZEDX coins are released back to the user.
WZEDX enables ZEDXION users to access decentralized applications and liquidity on other major blockchain networks. By creating a wrapped version of ZEDX, users can interact with platforms and services on Ethereum and Binance Smart Chain, as well as with applications on the ZEDXION network that require the ZED20 token standard. This supports the broader interoperability and adoption strategy of the ZEDXION ecosystem.