Details about Wrapped NewYorkCoin cryptocurrency
€8
143,756,946,988
1
Unknown
https://wrappednyc.com/
@Wrapped_NYC
1710900x
€8.24652
Wrapped NewYorkCoin price charts
WNYC exchanges
Wrapped NewYorkCoin, the crypto
Wrapped NewYorkCoin (WNYC) is a type of cryptocurrency that is backed one-to-one by New York Coin (NYC). It is an ERC-20 token on the Ethereum blockchain, meaning it can be stored in any Ethereum-compatible wallet.
The point
The main point of Wrapped NewYorkCoin (WNYC) is to enable NYC holders to access the decentralized finance (DeFi) ecosystem on Ethereum. By wrapping their NYC into WNYC, users can use their tokens to participate in DeFi applications, such as lending and borrowing, without having to sell their NYC.
The problem
Wrapped NewYorkCoin (WNYC) tries to solve the problem of illiquidity by allowing NYC holders to participate in the DeFi ecosystem without having to sell their NYC. This enables NYC holders to retain their exposure to the NYC market while also being able to take advantage of DeFi opportunities.
Compare WNYC and BTC performance
| Timeframe | WNYC | BTC |
|---|---|---|
| 1h change | -0.105018 % | -0.234911 % |
| 24h change | -0.15 % | 1.25967 % |
| 7 day change | 8.6 % | -1.44157 % |
| 14 day change | -5.45 % | -9.47799 % |
| 30 day change | -15.53 % | -7.33786 % |
| 200 day change | 31.36 % | 129.168 % |
| Year change | -34.02 % | 129.33 % |