Item: WTAO
Rating: 3.00

Wrapped TAO-related information

Issue Time

2023-02-16

Platform pertained to

Current coin price

$561.11USD

Market Cap

$79.466mUSD

Volume of Transaction

24h

$220,523USD

Circulating supply

138,076WTAO

Volume of Transaction

$1.187mUSD

Change

24h

0.00%

Number of Markets

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WikiBit Risk Alerts

Previous Detection 2025-01-04

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

WTAO Price Chart

Wrapped TAO introduction

Markets

0.00%

-18.44%

+127.08%

All

+510.37%

Wrapped TAO (wTAO) is a cryptocurrency that represents a wrapped version of the native TAO token on Ethereum's blockchain, allowing TAO to be used within the Ethereum ecosystem. This integration enables TAO holders to interact with decentralized applications (DApps) and participate in DeFi (Decentralized Finance) activities on the Ethereum platform.

The primary function of wTAO is to bridge the gap between different blockchain networks, enhancing liquidity and accessibility for TAO token holders. By wrapping the native token into an ERC-20 compatible format, users can leverage Ethereums extensive infrastructure while still holding onto their TAO assets.

This approach not only broadens the use cases and potential market for TAO but also provides its holders with the benefits of Ethereum's mature ecosystem, including smart contracts, exchanges, and lending platforms. Wrapped TAO thus serves as a strategic tool for increasing the utility and exposure of the original TAO token in the broader blockchain landscape.

Wrapped TAO User Reviews

13 ratings

Participate in evaluation

Amgad Darwish

Looks like the team behind this project has some serious work to do. They lack credibility and experience, which could be a major red flag for potential investors. Time to step up their game and earn some trust.

2024-07-20 20:28

Vithusan Vijeyaratnam

The team lacks experience, reputation, and transparency. Transparency and track record are questionable. Potential for improvement in team performance. Participatory community involvement is low.

2024-07-18 16:32

Dmess

The team's track record lacks experience and transparency, raising concerns about their ability to deliver on promises. Investors beware.

2024-07-03 16:44

Marco Rossi

The project lacks widespread user adoption and struggles to attract a diverse community, hindering its growth potential amidst increasing competition in the market.

2024-05-23 11:50

Trần Tài

The team experience lacks depth and transparency, raising concerns about their ability to deliver on promises. Questions linger about their track record and expertise, dampening community enthusiasm and trust.

2024-04-07 15:55

James Lai

The technology behind this cryptocurrency shows potential for scalability and anonymity, but lacks transparency in team experience and security audits. Community participation and market demand are key factors for its future success.

2024-06-18 12:04

Cường Nguyễn

This cryptocurrency shows potential in solving real-world problems with its innovative technology and strong community support. Worth keeping an eye on for future developments.

2024-03-30 09:18

FarAh Deena

Exciting potential showcased in the practicality and market demand of this technology. Strong team reputation and transparent track record. Active developer community and growing user base. Varied tokenomics with sustainable economic model. Robust security measures and regulatory compliance. Competitive edge and unique features set it apart from similar projects. Engaged and supportive community with positive sentiment and communication. High volatility but promising long-term potential. Rewarding investment with solid fundamentals and liquidity.

2024-04-25 10:06

Sontaya Pansupa

The security vulnerabilities of this project has a concerning history, which may impact trust within the community and the project's long-term potential.

2024-03-14 08:16

Jennie Fam

Exciting project with strong technology, solid team, and growing community support. Potential for real-world adoption and sustainable economic model. Watch out for regulatory challenges and competition, but overall, a promising investment with great long-term potential.

2024-07-26 09:53

FarAh Deena

Innovative blockchain technology with a strong focus on scalability and consensus mechanisms. The team boasts experience, transparency, and a solid track record. The tokenomics show good distribution and sustainable economics. Security is top-notch with a trustworthy community. The project stands out in a competitive market, offering great potential for long-term growth.

2024-05-08 14:14

Cường Nguyễn

The technology behind this cryptocurrency is innovative and promising, with strong potential for scalability and consensus. The team's expertise and transparency are commendable, contributing to a solid foundation. Community engagement and market demand further bolster its long-term viability.

2024-04-11 13:56

Mas Hanz

This cryptocurrency has strong technical foundations with a focus on scalability and anonymity. The team is experienced, transparent, and has a solid track record. It has a growing user base and high developer activity. The tokenomics are well-balanced with sustainable economics. Security is top-notch with a clean audit history and community trust. With a competitive edge and strong community support, it shows great potential for long-term growth.

2024-04-05 11:00