Important Notice
Deposits and withdrawals are not currently available for this coin.
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: