Wanchain (WAN) Token Officially Lists on the BYDFi Crypto Exchange

Wanchain’s platform native token, $WAN, has been officially listed on the BYDFi crypto exchange. Users can now buy, sell, and manage $WAN through the BYDFi platform.

Wanchain’s native token, $WAN, has officially joined the ranks of cryptocurrencies available on BYDFi. With this integration, users can now seamlessly purchase, sell, and manage $WAN within the BYDFi platform.

Wanchain is renowned for pioneering blockchain interoperability solutions, offering a secure, fast, and cost-efficient way to transfer assets across 39 blockchains. Its network spans both EVM and non-EVM chains, including Bitcoin, Cardano, Solana, Tron, Polkadot, and more.

In 2018, Wanchain made history by creating the first decentralized bridge between Bitcoin and Ethereum, introducing the concept of blockchain bridges to the world. Over the years, the platform has unveiled a suite of interoperability products:

This year, Wanchain introduced the Convert n’ Burn System, where bridge fees are collected from each transaction on Wanchain Bridge. These fees are used to buy $WAN in the open market, creating constant buying pressure. The converted $WAN is then allocated to enhance Wanchain’s L1 blockchain, ecosystem, $WAN token, and suite of blockchain interoperability products, with the following breakdown:

In less than six months, this system has accumulated 1,200,000 WAN ($338,000) in the Community Treasury and burned 306,000 WAN ($86,000). This continuous burning, coupled with the daily burning via the Convert n’ Burn System, creates scarcity and higher demand for the WAN token. When the burn rate surpasses the rewards to PoS nodes, WAN will become a deflationary token.

Moreover, the WAN token boasts diverse utility, further bolstering its price potential:

Wanchain’s price today is $0.282, showing a 3% increase over the last 24 hours. It has a live market cap of $59,218,491 with 94% of the token supply in circulation (198,434,732 WAN out of 210,000,000 max). The 24-hour trading volume stands at $2,390,108.

Compared to other blockchain interoperability protocols, Wanchain has a 5-15x lower market cap despite having potentially superior cross-chain technology, presenting a lot of room for growth.

Users can now purchase WAN tokens via the BYDFi website or the BYDFi Application.

About BYDFi

Established in 2020, BYDFi has gained the trust of millions of users worldwide with its dedication to enhancing user experience and continuous innovation. Recognized by Forbes as one of the Top 10 Best Global Crypto Exchanges, the platform offers spot trading for over 600 cryptocurrencies and boasts flexible leveraged trading options ranging from 1x to 200x. By partnering with internationally renowned payment service providers like Banxa, Transak, and Mercuryo, BYDFi has made purchasing crypto simple and cost-effective, allowing users to buy crypto in just a few clicks.

Coming soon, BYDFi will introduce “BYDFi Copy Trading,” a service that saves users time on market analysis and decision-making. It allows beginners and busy investors to automatically copy the actions of professional traders, making trading more efficient and convenient. Stay tuned for more exciting updates as BYDFi continues to enhance your crypto trading experience. BUILD Your Dream Finance