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Amanda
@amanda-fanny
WrapCoin Version 2 is officially live, and the entire process has been successfully executed. WrapCoin represents a groundbreaking innovation on the level of Bitcoin. It is an on-chain native protocol that does not depend on any front-end and is a fully decentralized economic system. Here are some strategies and tips I've come up with based on my limited understanding. I look forward to more experts joining us to explore even more interesting and creative ways to use the WrapCoin protocol.
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Amanda
@amanda-fanny
Features of Assets Issued by WrapCoin: Fully decentralized and coexistent with the ETH mainnet. Domains are not only forever free of renewal fees but are also programmable NFTs, allowing for organic integration with other DeFi protocols. Absolute liquidity, letting you enter and exit at any time without fear of liquidity pools being pulled. Conclusion: WrapCoin represents a new class of assets and is currently in its very early stages. Being early can mean taking advantage of an information gap, a hallmark of profit in the crypto world.
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Amanda
@amanda-fanny
Diamond Strategies: Choose already deployed domain names in the market to mint, focusing on premium identifiers like four-digit numbers, celebrity names, or notable project names (similar to how ENS domains are valued). Once the price increases, sell them at a premium and become a savvy trader. If you miss out on high-value names, don't worry. WrapCoin, based on the new ERC7527 standard, offers absolute liquidity and strong price support, ensuring you have an exit channel at any time. OG Strategies: Take a laid-back approach and mint a domain with your own name, for example, michael.wrap. Customize it with an NFT avatar and bind it to your ERC6551 to create a personal on-chain DID identity. With CCTP protocol support, this identity can be reused across all EVM-compatible chains and layer2 solutions. You can also stake your domains to mine additional $WRAP tokens.
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Amanda
@amanda-fanny
Master Strategies: Spend 1 ETH to bid on a potentially valuable domain name, such as those with the .wrap, .pepe, .shib, or .x suffixes. You could receive nearly 1,000 $WRAP tokens, with 200 $WRAP released immediately and the remaining 800 distributed over 30 days by block. Currently, $WRAP is priced at around 6.5 USDT, making 1,000 tokens worth approximately 6,500 USDT. There is an arbitrage opportunity exceeding 100% if the price remains above 3 USDT. If it falls below 3 USDT, the arbitrage opportunity disappears. After bidding on a domain, you have two options. If you don't want to deploy it yourself, you can resell it at a premium on the secondary market. If you choose to deploy and operate it, you can earn 50% of the transaction fees. The greater the trading volume, the higher your fee income. Additionally, you can stake your deployed domain for mining to earn more $WRAP tokens. The higher the Total Value Locked (TVL), the more $WRAP you will mine.
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Massid
@massis
Thats cool!
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