Wrapped FCT is Live

Factom has stood as a layer 2 solution to secure data. An efficient way to make transactions, anchored on the ETH and BTC networks for a fixed price.

A constant barrier to success has been exchanges, and utility of the token.

Meanwhile, the Ethereum ecosystem has continued to thrive and hosts many non-native variants such as Wrapped BTC, or even Wrapped Doge.

DeFi has quickly found adoption to become the most prominent use case of blockchain technology. The majority of this activity is on the Ethereum network.

It’s time to launch Wrapped FCT, and also give FCT holders access to a huge network of exchanges, wallets, extensions, and the exciting world of DeFi applications.

WFCT/FCT pair listed on qtrade.io

Exchange native Factom (FCT) tokens to Wrapped FCT (WFCT) and vice versa on qTrade.io: https://qtrade.io/market/WFCT_FCT

The market-maker on qTrade provides concentrated liquidity in a narrow range, so you can exchange FCT into WFCT (wrapped FCT) without slippage.

WFCT brings the Factom token into the Ethereum and DeFi ecosystem, allowing holders to trade FCT on Uniswap, earn yield with their FCT tokens on various DeFi platforms, use MetaMask and dozens of wallets (including mobile and hardware wallets) to store FCT.

About WFCT

WFCT — a community led, 100% backed and verifiable FCT token, issued on the Ethereum blockchain.

Wrapped FCT (WFCT) is backed 1:1 with a native FCT token on the Factom blockchain — the number of issued WFCT tokens is equal to the number of native FCT tokens locked in custody.

WFCT proof-of-reserve is on-chain and can be explored and audited online: https://wfct.network/audit

--

--

--

Oracle to the World’s data. Building 2nd layer apps and platforms, tokens and digital ID. Home of PegNet and FAT.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Umbria Aurora — April Digest

Fragility of Algorithmic stablecoins: LUNA +USDT

The Future of MetaMorph.pro in 2020

MOVE 2 EARN Metaverse Platform

The EZ Side Update: May 8th, 2022

Summary of Abachi AMA 13th December 2021

Rate3 Progress Update #7 (16–31 July)

Earn Compound Interest on Bitcoin and Other Cryptocurrencies

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Factom Protocol

Factom Protocol

Oracle to the World’s data. Building 2nd layer apps and platforms, tokens and digital ID. Home of PegNet and FAT.

More from Medium

DeFi Dynamics of Block Legends

Unmarshal Staking Platform

Meet Wellar — The New Meme Token

Aleo — crypto Superman (ENG)