Wrapped ZILPrice(WZIL)
Details Wrapped ZIL (WZIL) Price information (USD)
The current real-time price of WZIL is $0.0041. In the past 24 hours, WZIL has traded between $0.0041 and $0.0041, showing strong market activity. The all-time high of WZIL is $0.0149, and the all-time low is $0.0036.
From a short-term perspective, the price change of WZIL over the past 1 hour is
Wrapped ZIL (WZIL) Market Information
Wrapped ZIL (WZIL) Today's Price
The live price of WZIL today is $0.0041, with a current market cap of --. The 24-hour trading volume is 190.76. The price of WZIL to USD is updated in real time.
Wrapped ZIL (WZIL) Price History (USD)
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What is WRAPPED ZIL (WZIL)?
When is the right time to buy WZIL? Should I buy or sell WZIL now?
Before deciding whether to buy or sell WZIL, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WZIL technical analysis can provide you with trading references.
Future price trend of WZIL
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for WZIL.
How much will WZIL be worth tomorrow, next week, or next month in ? What about your WZIL assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WZIL Price Prediction
How to buy WRAPPED ZIL (WZIL)
Convert WZIL to local currency
WZIL Resources
To learn more about WZIL, consider exploring other resources such as the whitepaper, official website, and other published information:
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WRAPPED ZIL (WZIL) FAQ
What is Wrapped ZIL (wZIL)?
wZIL is a tokenized representation of native ZIL, conforming to the ZRC-2 fungible token standard on the Zilliqa blockchain. It is designed to maintain a 1:1 value peg with the underlying native ZIL cryptocurrency.
Why was wZIL created, and what is its primary purpose?
wZIL was developed to enhance the utility of native ZIL within the Zilliqa ecosystem. Its primary purpose is to simplify development, allowing ZIL to be easily integrated into smart contracts and decentralized applications built on the ZRC-2 standard. This eliminates the need for developers to implement specific functions for native ZIL, facilitating its seamless use across various DeFi protocols, such as decentralized exchanges (DEXs) and other platforms.
How does wZIL work, and how can users wrap or unwrap ZIL?
The wrapping (minting) and unwrapping (burning) of ZIL for wZIL is a trustless process managed by a smart contract. To wrap, users deposit native ZIL into the wZIL contract and receive an equivalent amount of wZIL. To unwrap, users burn their wZIL, and the smart contract automatically returns the native ZIL. This conversion is typically performed via developer tools or specific user interfaces, where users can initiate "Mint" or "Burn" functions to facilitate the exchange.
Is wZIL truly 1:1 pegged to ZIL?
Yes, wZIL is designed to be fully backed by native ZIL at a 1:1 ratio. This means that for every wZIL in circulation, there is an equivalent amount of native ZIL held in reserve within the wrapping smart contract, ensuring the peg's integrity.
Is the wrapping/unwrapping process for wZIL trustless?
Yes, native wrapped tokens like wZIL are generally designed to be trustless. The entire process relies on direct smart contract interactions rather than requiring a third-party custodian. This design ensures that tokens are issued or returned immediately to the user without requiring any external approval or intermediaries.
What are the key benefits of using wZIL over native ZIL in Web3 applications?
wZIL simplifies development significantly by allowing ZRC-2 compatible applications to easily integrate ZIL. This enables native ZIL to be used seamlessly in various DeFi protocols, such as lending, borrowing, and liquidity provision on platforms that support ZRC-2 tokens. Ultimately, wZIL expands the functionality and interoperability of ZIL within the broader Zilliqa ecosystem, unlocking new use cases.
