Article Summary, Automatically Generated By AI
Summary of Wrapped Pi
Key Points
- Wrapped Pi (WPi) is a token generated by PiBridge project, an alternative to native Pi coin.
- WPi abides by BEP-20 token standard, granting access to decentralized finance features on Binance Smart Chain.
- 1 WPi is endorsed by 1 native Pi in a 1:1 ratio, ensuring value equilibrium.
How to get WPi?
- Convert native Pi to WPi at a 1:1 ratio using PiBridge cross-chain.
- Steps: choose destination chain, enter receiving wallet address, and confirm transaction.
Purpose of WP
Introducing Wrapped Pi: A Revolutionary Asset Class
Introducing the Wrapped Pi Token: A Revolutionary Digital Asset
Wrapped Pi (WPi) is a token born out of the PiBridge project, serving as a surrogate for the native Pi coin (hailing from Pi Network) that facilitates seamless communication between Binance Smart Chain and Pi Network. By adhering to the BEP-20 token standard, WPi unlocks access to a plethora of decentralized finance features on the Binance Smart Chain, including exchange, lending, borrowing, predicting, and more.
Each WPi is backed by a native Pi in a 1:1 parity, ensuring that the generation of one WPi on Binance Smart Chain is mirrored by the locking of one native Pi on the Pi Network, and vice versa, thereby maintaining a state of equilibrium between the values of Pi and WPi.
Acquiring WPi: A Step-by-Step Guide
PiBridge’s cross-chain functionality enables users to seamlessly convert native Pi into WPi at a 1:1 ratio. By following a few simple steps on the PiBridge platform, users can effortlessly switch between WPi and native Pi, enjoying unparalleled flexibility and convenience.
- Select the desired destination chain and input the recipient’s wallet address with precision.
- Verify the transaction details and ensure the receiving wallet’s balance is accurate.
Through the aforementioned process, users can rest assured that their converted assets will be delivered swiftly, securely, and with utmost convenience.
What is the Purpose of WPi?
WPi adheres to the BEP-20 token standards, ensuring seamless compatibility with the Binance Smart Chain ecosystem’s decentralized financial products. As PiBridge’s utility token, WPi empowers users to access a diverse range of features, including farming, staking, earning, lending, e-commerce, OTC markets, and more.