Wrapped Banano (wBAN) is a wrapped version of the Banano cryptocurrency, designed to facilitate its use on other blockchain platforms such as Ethereum, Polygon, BNB Chain, Arbitrum, and Fantom. By wrapping Banano, wBAN allows it to interact with various Decentralised Finance (DeFi) protocols on these platforms while leveraging Banano's feeless and instant transaction capabilities.
Wrapped Banano operates by wrapping the native Banano cryptocurrency with special digital "ribbons" that allow it to be transferred and used on other blockchain networks. This wrapping process involves creating a token (wBAN) that mirrors the value of Banano on platforms like Ethereum.
Underlying Technology and Blockchain:
Consensus Mechanism:
Smart Contracts:
Wrapped Banano (wBAN) unlocks several potential use cases, especially within the DeFi ecosystem:
DeFi Participation:
Cross-Chain Interoperability:
Trading and Investing:
Lower Transaction Costs and Faster Processing:
Wrapped Banano (wBAN) was developed to extend Banano's usability by enabling compatibility with multiple blockchain platforms, thus facilitating participation in the growing DeFi ecosystem. Here are some key milestones:
Development and Launch:
Exchange Listings:
Integration with DeFi Platforms:
The Wrapped Banano price is $0.00604025 AUD, representing a -6.71% from the day prior.
The best place to buy Wrapped Banano (WBAN) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Wrapped Banano (WBAN) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
The trading volume of Wrapped Banano (WBAN) is $10.6K AUD in the last 24hrs, representing a -6.71% from the day prior.
Wrapped Banano (WBAN) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of Wrapped Banano (WBAN) is $0 AUD.
Yes - With Coinstash you can convert your Wrapped Banano (WBAN) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
The current circulating supply of Wrapped Banano (WBAN) is 0.
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Wrapped Banano (WBAN) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.