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Wrapped Tezos WTZ

We lack of accurate trading data.

This could be attributed to several reasons, including limited exchange liquidity or delisting. Or might be due unable to provide support for exchanges where this asset is currently tradable.

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About WTZ

Wrapped Tezos (WTZ) is an FA2 token that represents Tezos (XTZ) on another blockchain or platform. It is fully collateralized by XTZ, meaning that for every WTZ token minted, there is an equivalent amount of XTZ held as collateral. WTZ is fully fungible, which means that each token is interchangeable with another, and can be swapped back to XTZ at the current swap ratio. Unlike other wrapped XTZ tokens, WTZ does not require users to have a personal oven or vault. It can be used in decentralized applications (dapps) and protocols across the ecosystem.

What makes Wrapped Tezos unique?

Wrapped Tezos (WTZ) is unique compared to other cryptocurrencies in several ways:
1. Collateralized by XTZ: WTZ is fully collateralized by Tezos (XTZ), meaning that for every WTZ token in circulation, there is an equivalent amount of XTZ held as collateral. This ensures that WTZ maintains its underlying value and can be redeemed for XTZ at any time.
2. Fungibility: WTZ is fully fungible, which means that each token is identical and can be exchanged on a one-to-one basis. This makes WTZ easily tradable and usable in various decentralized applications (dapps) and protocols across the Tezos ecosystem.
3. Swap Ratio: Unlike other collateralized or wrapped tokens, WTZ does not require users to have a personal oven or vault. Instead, anyone holding WTZ can swap it back to XTZ at the current swap ratio without experiencing slippage or loss of funds. This provides a convenient and seamless way for users to convert WTZ back to its underlying asset.
4. DeFi Integration: WTZ is designed to be used in decentralized finance (DeFi) applications. Its compatibility with the FA2 standard allows developers to integrate WTZ into various dapps and protocols, providing users with more opportunities to utilize WTZ within the Tezos DeFi ecosystem.
Overall, WTZ offers the benefits of collateralization, fungibility, easy swapping, and integration with DeFi applications, making it a unique and valuable asset within the Tezos blockchain.

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