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Wrapped Axelar Price (WAXL)
Wrapped Axelar WAXL Wrapped Axelar (WAXL) Chart
Wrapped Axelar (WAXL) Return On Investment(ROI)
What Is Wrapped Axelar(WAXL)?
Axelar is a cross-chain communication network secured by a token, AXL, via proof-of-stake. As befits an interoperability network, the AXL token is a chain-agnostic asset that has multiple representations on multiple blockchains. The ERC-20 version of the AXL token (wAXL) is one such cross-chain representation of a token. In this case, the AXL token, natively issued on the Axelar blockchain, is held in a Gateway on Axelar, and minted by a Gateway smart contract on an EVM-compatible blockchain. Anyone can go between the two representations via the Axelar permisionless network, with no custodian in the middle. 1 wAXL ERC20 will always equal to 1 AXL on the Axelar chain.
How Does Wrapped Axelar Work?
When the AXL token goes live, some exchanges will not list the native version of the token. Supporting a new blockchain involves some degree of complexity on the part of the exchange. Therefore, instead, they will support the ERC-20 version.
In order to prevent confusion with native AXL, most exchanges supporting ERC-20 AXL are assigning it a unique ticker, wAXL. In some cases, exchange naming conventions and/or technology will render that ticker in all caps — WAXL. There are even some cases where the exchange supports an ERC-20 version of AXL, and is representing it without any prefix, just as AXL. There are other cases where exchanges are supporting the native token and representing it as WAXL, due to conflict with established tickers on the exchange. For these reasons, it is important for exchange users to carefully read documentation provided by the exchange, to ensure they understand which version of the token they are dealing with.
Native AXL addresses will begin with the axelar prefix, e.g., axelar16tevaqgshecgjwvfzczfsv00w4czh3p2vge58m.
ERC-20 AXL addresses (wAXL) are standard Ethereum addresses that begin with the 0x prefix, e.g.,0x032F81c6aE8f40e556Db04041b208ef1a3b76123. (Both example addresses shown here are generated by test wallets maintained by the Axelar team.)
Wrapped Axelar (WAXL) Community
- Twitter: https://twitter.com/axelarnetwork
- Discord: https://discord.com/invite/aRZ3Ra6f7D
- Telegram: https://t.me/axelarcommunity
Wrapped Axelar FAQ
What is the price of Wrapped Axelar (WAXL) token?
CoinCarp does not currently have price data for Wrapped Axelar as it has yet to be listed on any cryptocurrency exchanges (CEX or DEX). Once Wrapped Axelar is live on an exchange, CoinCarp will provide real-time Wrapped Axelar (WAXL) token prices from different exchanges.
Is Wrapped Axelar (WAXL) token a good investment?
It depends on your personal risk tolerance and investment goals. Wrapped Axelar is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Wrapped Axelar investing, you will also need to understand the Wrapped Axelar project's white paper, team background, tokenomics, and the overall market environment.
Where can I buy Wrapped Axelar (WAXL) token token?
CoinCarp's tracking data suggests that the Wrapped Axelar is currently not available for purchase on a cryptocurrency exchange. While you may be able to purchase Wrapped Axelar from other traders through Over-the-Counter (OTC) trading, the risks associated with this method are considerable. We strongly advise you to do your own research and understand the risks involved before engaging in any trading activities for Wrapped Axelar.
How to short Wrapped Axelar (WAXL) token?
According to CoinCarp's tracking data, no crypto exchange yet supports Wrapped Axelar contracts or ETF trading. so you can't short Wrapped Axelar
What will Wrapped Axelar (WAXL) token be worth in 5 years?
It is impossible to predict what Wrapped Axelar will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Wrapped Axelar's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Wrapped Axelar 5 years from now.
WAXL Price Statistics
Wrapped Axelar Price
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$0 / $0
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$0 / $0
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$0 / $0
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$0 / $0
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$0
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