Cryptocurrency Q&A
Can you wrap HBAR?
Can you wrap HBAR?
StormGlider
Wed Jul 03 2024
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7 answers
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Could you please elaborate on the possibility of wrapping HBAR? I've heard about wrapping tokens as a way to enable their use on multiple blockchains, but I'm unsure if this applies to HBAR. If it is possible, could you provide a brief overview of the process and the benefits it could bring? I'm particularly interested in understanding how wrapping HBAR could potentially enhance its liquidity and accessibility for users. Thank you for your time and assistance in clarifying this matter.
7 answers
GangnamGlitter
Thu Jul 04 2024
Wrapped HBAR, also known as WHBAR, serves as the HTS version of HBAR, the fundamental cryptocurrency of the Hedera network.
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Martina
Thu Jul 04 2024
SaucerSwap, a platform that facilitates the exchange of various cryptocurrencies, recognizes the importance of WHBAR and its role in the Hedera ecosystem.
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KatanaSwordsmanship
Thu Jul 04 2024
Users can leverage SaucerSwap to swap, trade, or otherwise utilize WHBAR within the platform's robust trading infrastructure.
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EthereumEmpireGuard
Thu Jul 04 2024
It is important to note that HBAR itself is not an HTS token, a distinction similar to the relationship between ETH and ERC-20 tokens.
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CrystalPulse
Thu Jul 04 2024
This difference necessitates the wrapping process of HBAR into WHBAR, enabling its interaction with smart contracts on the Hedera network.
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