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Joined October 2019
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A lot of folks will start asking you about #cryptocurrencies #blockchain #DeFi . 📊📈💯
Refer them to @eaglexchange @cryptocodeHQ @yellowcard_app
#Crytpocode is the tweet.... Sit back and watch.
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WHAT ARE WRAPPED TOKENS?
A wrapped token is a cryptocurrency whose value is pegged to that of another. If a Nigerian wants to travel to USA, He has to convert his NGN to USD which is the native currency of America in order to make transactions.
#CryptoNews
CLOSING THOUGHTS
Wrapped tokens helps bridge the gaps between blockchains, unlocking more possibilities we can achieve with them. Though wrapped tokens have limitations; we have to trust a custodian to mint wrapped tokens also cost maybe high which can result to slippage...
That's why we have Blockchain solutions like @Polkadot , @cosmos @harmonyprotocol working to solve the problem of interoperability between blockchains and we hope a scalable decentralized option is developed for wrapping tokens.
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