@CrptSOSA@DefiComrade1@lorddrey You know that thing whereby you'll give an ugly girl ear so you can talk to her fine friend.
Na wetin projects dey do,them go lie say them won use Ton to get telegram usage,then divert😹
@DefiComrade1@lorddrey Fact
Other chains are building on telegram
Airdrops are claiming to list on ton and later diverting to other chain on tge🤣🤣
There's a lot fixing to be done for TON to move forward
It's only beginners who may not know the potential of the TON chain.
Integrating a chain with one of the largest social media on earth is a big deal.
It's a fundamental any experienced person can never ignore.
Remember when everyone is complaining you buy...
When they are celebrating you take Profit.
But the lows and sell the highs.
TON is with the bearish sentiments that's a perfect entry
Solana is on the high side, that's when to take profit.
Smart investors always win...
There was a time all of this buzz was around ETH. In the Crypto market, liquidity moves around... 🫶
@OBAxbt Network is bad
But if you're interested in NFTs and Abstract chain interaction
Follow @FreeeAbstract
They have both a testnet and main site
Both have different airdrops
It's like zora,it's a multi chain NFT platform
The testnet for interacting with abstract
Learn about it.
Let's do a quick test and see how good you are on researching a project.
Reward : $50 to 5 top researchers
Look up @lonelyly_cat
Check out their TG + website (if any)
Do a personal review on what they are building or what they built.
Use your thread post and write a detailed report on everything you found.
.
Post the thread link in the comment
Before you start, state in the comment that you would be doing this - so i can be on the lookout for your review.
You have until Monday to deliver this.
Best of luck.
Let the best and detailed researcher win🏆
PS: Not a thread contest.
Wrapped tokens bridge the gap between blockchains, unlocking immense potential for liquidity and interoperability. But like all things in crypto, understanding the risks is key. 💡
Wrapped Tokens Explained!🧵
Ever wondered what Wrapped Tokens are and why they exist? Let's unwrap everything you need to know about them—from their purpose to their mechanics and use cases.👇
@s0meone_u_know@CrptSOSA@cz_binance@milesdeutscher
How Do They Work?
Wrapped tokens are created via custodians, which hold the original asset in reserve and mint an equivalent amount of the wrapped token on the new chain.
With wrapped tokens, you can:
Use non-native assets in DeFi.
Enhance liquidity across chains.
Reduce transaction costs on scalable chains (e.g., Ethereum > Layer 2s).
Why Do We Need Wrapped Tokens?
Blockchains are like islands—they can't talk to each other directly. Wrapped tokens act as a bridge, enabling cross-chain functionality and increasing liquidity in the ecosystem.
Example: Wrapped Bitcoin (WBTC) is Bitcoin, but it exists on Ethereum. It's pegged 1:1 to Bitcoin's value, so 1 WBTC = 1 BTC, enabling Bitcoin holders to use their BTC in Ethereum-based DeFi protocols.
What Are Wrapped Tokens?
Wrapped tokens are tokenized versions of cryptocurrencies like Bitcoin or Ethereum that are 'wrapped' to work on different blockchains. Think of them as cross-chain passports for your assets.