Why would you wrap your $ETH on Wanchain? To be able to trade ETH directly for ERC20 tokens on a decentralized platform without complex implementations, both assets need to have the same standard. ETH does not use the ERC20 standard because when it was invented ERC20 didn't exist

Wrapping ETH makes it an ERC20 token. So it’s a lot easier to trade. Ok, so why just not use $WETH? Because gas fees on Ethereum are insanely high, every trade you make costs you a lot of money, and transactions are slow.

If you wrap your ETH on Wanchain it will only cost you that fee once. Once the ETH is on the #Wanchain blockchain it’s a WRC20 token. Every ERC20 token can be wrapped on Wanchain, so you can trade WRC20 tokens cheap, fast, and truly trustless.

If you are done trading simply unwrap the token again and you will get your ERC20 or ETH back. The same applies to $BTC and $EOS. You can even trade wanBTC for wanETH!

#WanSwap provides the platform for trading WRC20 tokens. WanSwap is a decentralized #crosschain exchange built with automated market-making (AMM), modeled after @Uniswap, but build on Wanchain. @WanSwap is a community-driven project and we need you to make it work.

Come provide liquidity in our pools and receive $WASP governance tokens as a reward! This Thursday the rewards for providing #liquidity will increase with x5 for the next 2 months! Check our Medium for more info. https://medium.com/wanswap/all-you-need-to-know-about-wanswap-4b44f7bb77a9